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Stock Market & Financial Investment News

News Breaks
August 10, 2014
18:36 EDTGCI, SBGI, NXSTTake profits in Gannett, Barron's says
After the recent jump in Gannett's (GCI) shares, investors should take profits, Barron's advises in a follow up article. Investors should consider buying Sinclair Broadcast Group (SBGI) or Nexstar Broadcasting Group (NXST), which benefit from the same trends as Gannett, Barron's added. Reference Link
News For GCI;SBGI;NXST From The Last 14 Days
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October 1, 2014
09:50 EDTGCITribune Media closes sale of 27.8% stake in CV to Gannett
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09:47 EDTGCIA.H. Belo enters new five-year affiliate agreement with CV
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09:22 EDTGCIGraham Holdings closes sale of 16.5% Stake In Cars.com to Gannett
Graham Holdings (GHC) announced that the company and the remaining partners in Classified Ventures have completed the sale of their entire stakes in CV to Gannett (GCI) for a price that values CV at $2.5B. The agreement to sell was announced on August 5. CV was a joint venture among Graham Holdings, A. H. Belo (AHC), Gannett, McClatchy (MNI) and Tribune (TRBAA) Media. Graham Holdings owned 16.5% of CV, whose primary asset is Cars.com, the online car shopping website. Gross proceeds to the selling partners are $1.8B. Total proceeds to Graham Holdings, net of transaction costs, are $408.5M, of which $16.5M will be held in escrow until October 1, 2015. The company will report a gain on the sale of its interest in CV Q4.
09:22 EDTGCIMcClatchy closes sale of 25.6% stake in Cars.com to Gannett
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09:17 EDTGCIGannett completes acquisition of remaining 73% interest in Cars.com
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September 29, 2014
13:33 EDTSBGISinclair Broadcast enters into long-term affiliation agreements with ABC
Sinclair Broadcast (SBGI) announced that it has entered into long-term agreements with Disney's (DIS) American Broadcasting Company for the renewal of the ABC affiliations in 13 Sinclair markets that come up for renewal during 2014 and 2015. Three of the new agreements will expire on August 31, 2019 and the other 11 will expire on August 31, 2020. The markets being renewed are listed below and include six of Sinclair's ten biggest ABC markets, including five of the top six ABC markets. The company's remaining ABC affiliation agreements do not expire for several years. The company said, "We are pleased to have reached this agreement with ABC to renew these affiliation agreements for 5-year terms including a number of agreements that were not set to expire until 2015."
11:48 EDTSBGISinclair Broadcast syndication agreements a positive, says Wells Fargo
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10:35 EDTNXSTFollow-up: Nexstar upgraded to Buy from Hold at Noble Financial
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10:01 EDTSBGISinclair Broadcast unit enters syndication agreements for ASN initiative
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10:00 EDTNXSTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Akorn (AKRX) upgraded to Outperform from Sector Perform at RBC Capital... Alexandria Real Estate (ARE) upgraded to Buy from Hold at ISI Group... Baidu (BIDU) upgraded to Buy at UBS... Banner Corp. (BANR) upgraded to Buy from Neutral at DA Davidson... Boston Properties (BXP) upgraded to Buy from Hold at ISI Group... Brocade (BRCD) upgraded to Hold from Sell at Summit Research... Chico's FAS (CHS) upgraded to Outperform from Perform at Oppenheimer... Energy Transfer Partners (ETP) upgraded at Morgan Stanley... Equity One (EQY) upgraded to Buy from Hold at ISI Group... FedEx (FDX) upgraded to Outperform from Market Perform at Cowen... Himax (HIMX) upgraded at Craig-Hallum... Janus Capital (JNS) upgraded at Morgan Stanley... Kilroy Realty (KRC) upgraded to Buy from Hold at ISI Group... LRR Energy (LRE) upgraded to Buy from Hold at Stifel... Nationstar (NSM) upgraded at Sterne Agee... Nexstar (NXST) upgraded to Buy from Hold at Noble Financial... Nike (NKE) upgraded to Outperform from Neutral at Credit Suisse... Pearson (PSO) upgraded to Outperform from Underperform at Macquarie... Philips (PHG) upgraded to Buy from Hold at ING Group... Rent-A-Center (RCII) upgraded at KeyBanc... Rice Energy (RICE) upgraded to Buy from Accumulate at KLR Group... Sonic Automotive (SAH) upgraded to Overweight from Underweight at Morgan Stanley... Tahoe Resources (TAHO) upgraded to Outperform from Market Perform at Raymond James... Tanger Factory (SKT) upgraded to Buy from Hold at ISI Group... Universal Health (UHS) upgraded at BMO Capital... Voya Financial (VOYA) upgraded to Strong Buy from Outperform at Raymond James... Waste Management (WM) upgraded at Wedbush... Yahoo (YHOO) upgraded to Buy from Hold at Needham.
08:27 EDTNXSTNexstar upgraded to Buy from Hold at Noble Financial
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