Sinclair Engages Moelis & Company To Sell Certain Stations Related To Allbritton Regulatory Approval
PR Newswire - Wed Apr 16, 3:27PM CDT
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that it has engaged Moelis & Company as Sinclair's exclusive financial advisor in connection with the Company's potential sale of WHP (CBS) in Harrisburg, PA, together with the right to provide services to WLYH (CW) in Harrisburg, PA, WMMP (MyNetwork) in Charleston, SC, and WABM (MyNetwork) in Birmingham, AL so as not to result in undue further delays to processing the applications for the previously announced acquisition of the Allbritton Communications television stations. The potential sale of the stations had been previously proposed to the Federal Communications Commission in order to meet certain objections to shared services agreements.
Stock Price Movements, Application Launches, Approved Acquisitions, and Leveraging on Digital Platforms - Analyst Notes on Sinclair, Charter, Discovery, Gray, and News Corp.
PR Newswire - Mon Apr 14, 7:00AM CDT
Today, Analysts Review released its analysts' notes regarding Sinclair Broadcast Group Inc. (NASDAQ: SBGI), Charter Communications Inc. (NASDAQ: CHTR), Discovery Communications, Inc. (NASDAQ: DISCA), Gray Television Inc. (NYSE: GTN) News Corp. (NASDAQ: NWSA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1043-100free
Sinclair To Report First Quarter 2014 Results On May 7, 2014 At 7:30am (Eastern Time)
PR Newswire - Fri Apr 11, 8:00AM CDT
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) will report its first quarter 2014 earnings results at 7:30 a.m. ET on Wednesday, May 7, 2014, followed by a conference call to discuss the results at 9:30 a.m. ET.
The FCC Intervenes in Cable, Should You Buy?
Bradley Seth, McNew, The Motley Fool - Motley Fool - Thu Apr 10, 9:05AM CDT
The FCC board, Chairman Tom Wheeler is center. Photo: Bloomberg The Federal Communications Commission, or FCC, voted last week on new regulations to limit "joint sales agreements," or JSAs. These agreements give two stations the ability to team up...
TV Station Owners Have Bigger Concerns Than Comcast-Time Warner Cable
at The Street - Thu Apr 10, 8:31AM CDT
Rather than appear duplicitous, companies owning television stations are conspicuously quiet on the subject of Comcast's proposed $45 billion acquisition of Time Warner Cable.
Watch for Sinclair Broadcast Group to Potentially Pullback After Gaining 6.36% Yesterday
Comtex SmarTrend(R) - Wed Apr 09, 4:13PM CDT
Sinclair Broadcast Group (NASDAQ:SBGI) traded in a range yesterday that spanned from a low of $28.02 to a high of $29.28. Yesterday, the shares gained 6.4%, which took the trading range above the 3-day high of $27.44 on volume of 4.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Why Gray Television (GTN) Stock Is Soaring Today
at The Street - Wed Apr 09, 9:13AM CDT
Gray Television (GTN) stock is higher Wednesday after receiving a ratings upgrade to 'outperform' from 'market perform' at Wells Fargo (WFC).
Why Sinclair Broadcast (SBGI) Stock Is Higher Today
at The Street - Wed Apr 09, 8:52AM CDT
Sinclair Broadcast (SBG) stock is higher on Wednesday after the company was upgraded to "outperform" at Wells Fargo (WFC).
Upgrade Alert for Sinclair Broadcast Group (SBGI)
Comtex SmarTrend(R) - Wed Apr 09, 7:08AM CDT
Sinclair Broadcast Group (NASDAQ:SBGI) was upgraded from Market Perform to Outperform at Wells Fargo today. The stock closed yesterday at $27.37 on volume of 2.6 million shares, above average daily volume of 2.3 million. Over the past year, Sinclair Broadcast Group has traded in a range of $20.38 to $37.50 and closed yesterday at $27.37, 34% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.
FCC's Wheeler Uses Peacemaker Cover to Tell Broadcasters to Stop Whining
at The Street - Tue Apr 08, 6:11PM CDT
FCC Chairman Tom Wheeler came to the television broadcaster's Las Vegas convention as a peacemaker, but delicately told the country's station owners to compete online, or perish.
TV Gets No Respect in a Broadband World
at The Street - Mon Apr 07, 4:57PM CDT
Gordon Smith, chairman of the National Association of Broadcasters (NAB), said the Federal Communications Commission (FCC) has continued to favor broadband providers, putting local television stations at risk.
What the FCC Decision on Joint Sales Agreements Means for Broadcasters
Daniel Kline, The Motley Fool - Motley Fool - Thu Apr 03, 11:02AM CDT
Many people think of the Federal Communications Commission as the government group that decides how much of which body parts can be shown on prime-time network broadcasts or as the organization that fines radio hosts over raunchy content. The FCC is...
Media General, LIN Combine in $2.6B Deal
at The Street - Fri Mar 21, 10:54AM CDT
The cash, stock and debt transaction would create nation's second-largest TV broadcasting group.
Sinclair Tweaks Divestiture Plan in Allbritton deal
at The Street - Fri Mar 21, 10:46AM CDT
TV partnerships would be dropped in duopoly markets to appease regulators.
Why Sinclair Broadcast Group's (SBGI) Shares are Higher Today
at The Street - Fri Mar 21, 9:42AM CDT
Shares of Sinclair Broadcast Group (SBGI) are higher by 5.44% to $28.50 in early trade this morning following the company's announcement that it has submitted a letter to the Federal Communications Commission in order to meet certain objections the...
Sinclair Proposes Restructuring Of Allbritton Transaction In Order To Meet Objections Of The Federal Communications Commission
PR Newswire - Thu Mar 20, 3:42PM CDT
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that it has submitted the attached letter to the Federal Communications Commission in order to meet certain objections the FCC has to shared services agreements in particular and to shared agreements generally which are coupled with a contingent financial interest, such as a guarantee or an option.
Sinclair's Board Approves New $150.0 Million Share Repurchase Authorization
PR Newswire - Thu Mar 20, 8:40AM CDT
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that its Board of Directors has approved a new $150.0 million share repurchase authorization to be accessed once its existing authorization is exhausted. Pursuant to the authorization, the Company may repurchase Class A common shares, from time to time, in the open market or through private transactions. Since its February 14, 2014 announcement, the Company has repurchased approximately 2.5 million shares and has approximately $47 million of remaining capacity under its existing authorization.
Sinclair Expresses Condolences For The Victims Of The Seattle News Helicopter Crash And Their Families
PR Newswire - Tue Mar 18, 1:25PM CDT
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) and its Seattle television station, KOMO (ABC), expressed its deepest condolences for the victims and family members of the news helicopter that crashed in Seattle, WA this morning. The helicopter, owned by Helicopter, Inc., is leased jointly by Sinclair's television station, KOMO, and Gannett's television station, KING.
Pre-market Insights - Most Active Equities: Hovnanian Enterprises, DCT Industrial Trust, International Paper, and Sinclair Broadcast Group
PR Newswire - Tue Mar 18, 8:27AM CDT
The trading session on Monday, March 17, 2014 ended higher as the Dow Jones Industrial Average finished at 16,247.22, up 1.13% and the NASDAQ Composite closed at 4,279.95, up 0.81%. The S&P 500 finished the session 0.96% higher at 1,858.83. The gains were broad based as all the ten sectors finished higher. During the session healthy gains in the Information Technology, Industrials, and Financial sectors positively impacted the broader market. Investor-Edge.com looks at some of the equities which were most active during the session. These include Hovnanian Enterprises Inc. (NYSE: HOV), DCT Industrial Trust Inc. (NYSE: DCT), International Paper Company (NYSE: IP), and Sinclair Broadcast Group Inc. (NASDAQ: SBGI). Free research on these four companies can be accessed at:
Sinclair Broadcast Group Set to Possibly Rebound After Yesterday's Selloff of 8.06%
Comtex SmarTrend(R) - Mon Mar 17, 5:22PM CDT
Sinclair Broadcast Group (NASDAQ:SBGI) traded in a range yesterday that spanned from a low of $24.05 to a high of $26.02. Yesterday, the shares fell 8.1%, which took the trading range below the 3-day low of $25.41 on volume of 5.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.