Models for Determining the Economic Value of Cable Television Systems

Ian Miller

Journal of Media Economics, 1997, vol. 10, issue 2, 21-33

Abstract: Five profit-based valuation models are estimated from a recent group of announced cable system sales. The regression-based models identify determinants of cable systems' economic value, provide elasticities, and explain over 99% of the variation in value for a sample that reflects the industry trend of consolidation. System appraisers can use both the model coefficients as well as the method to obtain baseline average levels of economic value from which transaction premiums or discounts can then be considered.

Date: 1997
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DOI: 10.1207/s15327736me1002_2

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