I am saying the market value is determined based on the future cash flow. Given that MASN has already apparently locked up cable providers to long term deals, those cash flows may well be readily determinable.
That's like saying the high bidder for a contract should still get it because it's not their fault they're locked into terrible deals with their subs
If you have another method for determining the market value let's hear it.
recent deals by teams in comparable media markets (the rangers seem very relevant here)
if CSN really is prepared to offer $100 million, give MASN right of first refusal and let the nats shop around
