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08:43
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Originally posted by sydneysider
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Building a TV broadcast channel via streaming services will have major medium term impact.Especially when dealing with Food and Travel. Major operator within this space is Scripps Networks (NASDAQ: NSI) controls Food TV and Travel Channel and a number of associated entities involved with food and travel. Scripps is worth US$10.0 billion / A$12.8 billion.
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Now we will go sideways for awhile. Between $3.50 - $5.00. Needs to absorb very significant increase in valuation. Data on sales and new contracts will govern near term market and allow for "churn" to complete. Currently very oversold. Good luck to all longs.
