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Stock Market & Financial Investment News

News Breaks
August 5, 2014
07:33 EDTMEG, SBGI, LINMedia 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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January 29, 2015
16:42 EDTMEGOppenheimerFunds reports 8.34% passive stake in Media General
January 28, 2015
10:54 EDTMEGMedia General leases 62nd floor of Empire State Building
Media General (MEG) has leased the entire 62nd floor, comprising 26,782 square feet, at the Empire State Building, to centralize its six digital media companies and national sales headquarters into one location, announced landlord Empire State Realty Trust (ESRT), and Douglas Elliman Real Estate, which represented Media General in the transaction.
January 16, 2015
13:35 EDTSBGIManning & Napier Advisors reports 8.67% passive stake in Sinclair Broadcast
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