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August 5, 2014
07:33 EDTMEG, LIN, 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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September 15, 2014
10:39 EDTLIN, MEGMedia General renewal with CBS a positive, says Wells Fargo
Wells Fargo views Media General's (MEG) announcement that it has renewed its affiliation agreements with all 12 of its CBS (CBS) stations as a positive that, along with LIN Media's (LIN) prior renewal with CBS, should end investor concerns about additional ''lost affiliations'' for the two. The firm maintains its Outperform rating on Media General.
09:03 EDTMEGCBS and Media General sign deal to renew all affiliation agreements
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September 10, 2014
09:36 EDTMEGMedia General renews ABC affiliation agreement for WJBF-TV
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