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Stock Market & Financial Investment News

News Breaks
August 5, 2014
07:33 EDTLIN, MEG, SBGIMedia General reports Q2 EPS 8c, consensus 16c
Reports Q2 revenue $154.1M, consensus $153.33M. On March 21, Media General (MEG) announced plans to merge with LIN Media (LIN) in a transaction that will more than double the size of Media General and create the second-largest pure-play local television company in the United States. The merger with LIN Media is expected to be immediately accretive on a free cash flow per share basis and should be completed in early 2015, subject to regulatory approvals, the approval of Media General and LIN Media shareholders and other customary closing conditions. Additionally, on June 23,Media General announced a definitive agreement with Sinclair Broadcast Group (SBGI) to purchase WHTM, an ABC affiliate in Harrisonburg, PA, a transaction that is subject to regulatory approval and other customary closing conditions.
News For MEG;LIN;SBGI From The Last 14 Days
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March 26, 2015
10:29 EDTSBGISinclair Broadcast launches Sinclair Digital Ventures
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March 23, 2015
16:32 EDTMEGMedia General authorizes $120M share repurchase program
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March 15, 2015
18:14 EDTSBGISinclair Broadcast could return to around $37, Barron's says
Sinclair Broadcast is trading at around a 25% discount to peers and shares could return to a previous high of around $37.00, Barron's argues in its 'The Trader' column. Reference Link

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