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Fly News Breaks for May 18, 2015
NXST, GTN
May 18, 2015 | 08:11 EDT
Wells Fargo notes that broadcaster stocks have unperformed since they reported their earnings. The firm says that concerns about over the top and a lack of acceleration in the ad market in Q2 may be preventing investors from wanting to own the shares of broadcasters. However, it says that the results of Gray Television (GTN) and Nexstar (NXST) have consistently improved, and it is upbeat on both stocks.
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