What Are POOR Performing TV Stations Worth In The Real Market?

[ralph]

ONE DOLLAR EACH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

http://www.canada.com/news/Shaw+pays+each+stations/1554670/story.html

The stations, CKX-TV in Brandon, Man., and A Channel stations CKNX-TV in Wingham, Ont., and CHWI-TV in Wheatley, Ont., near Windsor, were sold for $1 each.

[ralph]

Apparently they aren't even worth a buck!
http://www.theglobeandmail.com/globe-investor/two-canwest-stations-sold-ctv-deal-falls-through/article1202639/

Did Shaw realize that small markets aren't profitable OR were they just blowing smoke when they said they would buy them?

[bikerboy]

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