WHY THIS MATTERS:The bulk of TV's national ad inventory for next season gets sold during the upfront, setting the tone for the industry's financial outlook.
Analyst Marci Ryvicker of Wells Fargo sees consolidation in the station business in the future and expects Sinclair Broadcast Group, Tegna and Nexstar doing the buying. In a note Sunday, Ryvicker said the government was expected to reinstate the UHF discount, relax some local ownership rules and raise the ownership caps. Those changes should lead to what she called "a pretty robust M&A environment."