I had previously wrote a letter entitled “A Hidden Industry That Will Benefit From Trump Winning”. In this piece I talked about how President Trump’s pick to run the FCC Brendan Carr’s negative opinions on various FCC policies could set the stage for legacy broadcasting companies like Nexstar (NXST), TEGNA (TGNA), Gray Television (GTN), Sinclair Broadcasting (SBGI), E.W. Scripps (SSP) and Entravision (EVC) the potential to profit handsomely over the next four years.
Of these big names in legacy broadcasting I had picked out two stocks most likely to benefit from Carr’s appointment. Today’s letter will be an in depth coverage of one of these picks.