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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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October 30, 2014
17:02 EDTLIN, MEG, SBGIDOJ requires divestitures in Media General acquisition of LIN Media
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15:21 EDTLIN, MEGMedia General agrees to sell stations to settle complaint over LIN Media deal
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15:14 EDTLIN, MEGU.S. files suit to block proposed LIN Media, Media General merger
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