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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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May 19, 2015
09:04 EDTSBGISinclair Broadcast division to televise MiLB's games
The American Sports Network, a division of Sinclair Networks Group, announced that ASN has reached an agreement with Minor League Baseball, or MiLB, to televise a weekly game this summer. The new series, called "Minor League Baseball Sunday Showcase" will debut with a Pacific Coast League matchup between the Iowa Cubs and the El Paso Chihuahuas on Sunday, May 31, at Southwest University Park in El Paso, Texas.
May 17, 2015
12:56 EDTMEGMedia General shares may rise 50% to the low $20s in two years, Barron's says
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May 12, 2015
15:35 EDTSBGISinclair Broadcast announces distribution deal with Chideo
Chideo announced a first-of-its-kind partnership with Sinclair Broadcast Group to expand Chideo's reach by 42 million households. Through this unique distribution deal, Sinclair will connect its broadcast and digital audience with Chideo's inspirational and entertaining content all to benefit the world's leading charities. Sinclair's 161 local television stations will provide much-needed public awareness for these causes, as well as direct financial support from the sale of advertising and sponsorships around Chideo's rich collection of exclusive content from more than 100 celebrity ambassadors.

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