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March 17, 2014
06:03 EDTGTN, LIN, NXST, SBGIBroadcast TV sector downgraded to Market Weight at Wells Fargo
Wells Fargo downgraded the Broadcast TV sector to Market Weight from Overweight and cut Gray Television (GTN), LIN Media (LIN), Nexstar (NXST) and Sinclair Broadcast (SBGI) to Market Perform from Outperform. Wells expects future and pending mergers and acquisitions to be on hold due to a more negative regulatory environment, which it expects to limit share upside.
News For GTN;LIN;NXST;SBGI From The Last 14 Days
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July 25, 2014
12:54 EDTSBGIRoystone Capital reports 5.3% passive stake in Sinclair Broadcast
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08:02 EDTSBGISinclair Broadcast to close on Allbritton statoins on August 1
Sinclair Broadcast announced that the FCC and the Department of Justice have approved the Company's acquisition of the Allbritton television stations. The company intends to close the transaction on August 1.
July 24, 2014
08:29 EDTGTNGray Television to acquire ABC affilates in Michigan and Ohio for $128M
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July 17, 2014
08:32 EDTSBGISinclair Broadcast launches American Sports Network
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July 15, 2014
11:42 EDTSBGIDoJ requires Sinclair to make divestiture to proceed with Perpetual deal
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09:04 EDTSBGISinclair Broadcast reaches retransmission consent with Buckeye Cable
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