Anticipated election spending drives up price of TV stations

Allbritton could bring in as much as $300 million solely with the sale of Washington's WJLA, which brought in the fourth-most election-related ad dollars among local stations in 2012, Brian Stelter writes. Stations in swing states are seeing their value skyrocket as political campaigns funnel ever more cash into TV advertisements, analysts say. "There is no doubt that the prospect of higher political revenues for big four affiliates -- especially those with higher local news ratings -- makes those stations quite a bit more valuable than those without," said SNL Kagan senior analyst Robin Flynn.

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