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From:
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A New Consolidation Surge Is Coming To Station Group M&A. Expect The Unexpected - TV News Check
https://tvnewscheck.com/business/article/a-new-consolidation-surge-is-coming-to-station-group-ma-expect-the-unexpected/
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m&a
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As M&As start to kick off, station deals will need to be accretive. Those deals will also be idiosyncratic and have varying multiples, if multiples can even be calculated.