Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Marci Ryvicker - Wells Fargo
Marci Ryvicker - Wells Fargo
Can you talk about the performance of your different affiliates specifically how your CBS stations are performing versus your NBC stations. Obviously CBS is doing really well, NBC is not doing so well for obviously reasons.
Robert Prather
Our CBS clearly are performing better right now. Obviously they’re, got a strong program and lineup. NBC’s program and lineup has been weak. It looks like its getting weaker. I think the Leno experiment is not working so far. I’m sure they’ll stick with it longer then they need to just to, their ego won’t let them probably get rid of it soon enough but its definitely hurting the lead in to the 10 o’clock, 11 o’clock news in some of our markets.
And NBC is very important to us, they’re actually, their cash flow in their 10 spaces is almost identical to the 17 CBS because they’re in some of our bigger markets. That’s something we’re keeping a close eye on but they need some programming pizzazz which they don’t have right now and this, interesting going on obviously with Comcast and what’s going to happen there.
I’ve been reading where they may turn around and Comcast even if they do the deal spin-off NBC and the [O&O’s] to a third party and just keep the Universal Studios for the movie content. But anyway I think CBS is clearly riding pretty high right now and I think they got a lot of things going good for them. So and the good news is, like I said we’ve got 17 CBS affiliates.
Marci Ryvicker - Wells Fargo
And is there anything about the Young stations that have surprised you either good or bad.
Robert Prather
Yes, I think the Young stations is really interesting. We’ve had our regional GM spend a good bit of time visiting the station, evaluating the markets, evaluating the stations, and I would say in general I think the Young stations are stronger and better then we probably thought they were going to be.
They’ve got some upside to them we believe. At the same time I think they’ve got a good overall market position in most of their markets. They’re very strong in several of their markets. And we think there’s a big upside opportunity for us there.
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