Mario Gabelli Media Savvy - Sinclair to Buy Fisher Communications

On the cusp of Sinclair Broadcast Group acquiring Fisher Communications Inc. for around $373 million , remember when Mario Gabelli said FSCI was worth $40 when he bought it for $10? Interviewed by Reuters, Gabelli said, "This is a major opportunity for Sinclair to move into two top-25 markets." Gabelli has a 26.75% stake in Fisher Communications ... (more)

http://www.gurufocus.com/news/216580/mario-gabelli-media-savvy--sinclair-to-buy-fisher-communications