I think the long term PE average for FTA networks since the decline in advertising revenue is about 8, so yes 7 - 8 is much more realistic than 12, but 12 would still be nice.
Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks
AN1 CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch