03/28/2008 02:45 am ET | Updated May 25, 2011

MTV Founder Bob Pittman Eyes TV Stations As 'Newspapers Online'

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."