Former AOL President and MTV founder Bob Pittman has lately focused on investments as head of the Pilot Group (he is a pilot). In an interview with broadband consultant Will Richmond's VideoNuze on the eve of the NATPE show in Las Vegas, Pittman says he is bullish on small market TV stations - and their online prospects.
"In small markets, newspapers and yellow pages are getting wildly disproportionate share of the revenue, so we think there's a great growth opportunity," says Pittman." In smaller markets the station's coverage area nicely matches the advertiser's reach goals. It's also a fantastic free cash flow business."