Why I've been buying PRT, page-8

Hard to believe that it's been almost a year and a half since I started this thread. I must admit that I still see a lot of value in the company and its management. (Although they do display a negative view at times on the future of regional broadcasting, it's interesting to hear the comments from WIN and Southern Cross Media - they are both quite optimistic regarding the future of their regional broadcasters. Probably one of the reasons Bruce Gordon was happy to become a substantial holder of PRT at 40 cents a share. If anyone has an inside to regional broadcasting it is definitely the Gordon family).

I'm still a holder at an average of 30 cents although I did sell some of my holding at just above 40 cents to take advantage of another investment opportunity. Out of that original investment though, I've received 3 dividend payments totalling 5.1 cents. Not a bad 18 month return on a 30 cent investment.

I do expect the next dividend payout to be slightly lower though - probably 1.5 cents versus 1.7 for the final half year. (It sounds as though they are still keen to pay of all remaining debt as quickly as possible).

As for a merger, I'm not 100% convinced that it will be with Seven network. The takeover of TEN by CBS for example, may leave CBS looking for a new 'dance partner' if the bridges can't be mended between themselves and the WIN corporation.

Foxtel is also still sitting on the side lines after missing out on TEN and still needs a free to air network if it's to get access to the sporting rights protected by the anti-siponing bill.