As Local TV Stock Prices Falter, Fox Corp. Seen On Steadier Path During Crisis
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deadline.comBy Dade Hayes Finance Editor Stocks of the biggest U.S. local TV station owners, among them Nexstar, Sinclair, Tegna and Gray, continue to slump badly as investors recoil from their exposure to a worsening ad market.
Even so, one significant player in the station game, Fox Corp., is being touted in some corners as the best-situated U.S. media company during the coronavirus pandemic.
Stations have absorbed some of the hardest punches in the media business, with the virus toll following an already challenging period of viewership decline.
Consolidation waves in recent years have left a handful of players controlling the sector but uncertainty for many other stakeholders.
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