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Stock Market & Financial Investment News

News Breaks
July 10, 2014
11:55 EDTSBGI, SSP, GCI, GTNSigns show Sinclair Broadcast near closing Albritton deal, says Wells Fargo
Wells Fargo believes that Sinclair's (SBGI) recent debt raise and intention to raise incremental term B loans indicate that the company's acquisition of TV stations from Albritton will close later this month. The firm says its checks indicate that the FCC has said that Sinclair has met all new requirements related to the deal. Wells views the closing of the deal as a positive catalyst for Sinclair and its peers, and it keeps an Outperform rating on the shares. Other TV station owners include E.W. Scripps (SSP), Gannett (GCI), and Gray Television (GTN).
News For SBGI;SSP;GCI;GTN From The Last 14 Days
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September 10, 2014
06:43 EDTGCITypo causes confusion Icahn's stake in Gannett, NY Times says
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06:16 EDTGCICorrection: Icahn maintains 6.63% stake in Gannett
Carl Icahn maintains a 6.63% stake in Gannett (GCI) and says last night's filing of an increased stake of 8.48% was done in error.
September 4, 2014
06:09 EDTGCIUSA Today cuts 70 employees, WSJ reports
Gannett's USA Today yesterday laid off around 70 people, a source tells the Wall Street Journal. About 35 of the affected employees came from the newsroom, equating to about 10% of its newsroom staff, and the rest of the cuts came across all of the newspaper's departments. Reference Link
September 3, 2014
16:10 EDTGCIGannett gets regulatory clearance to acquire full ownership of Cars.com
Gannett announced that it has received federal regulatory clearance under the Hart-Scott-Rodino Act to acquire full ownership of Cars.com, one of the leading digital companies in the automotive space. Under the agreement, Gannett will acquire the 73% interest it does not already own in Classified Ventures, which owns Cars.com. Closing is expected to occur on October 1.
09:54 EDTSBGISinclair Broadcast acquisition in Las Vegas a positive, says Wells Fargo
Wells Fargo says that with today's announcement, Sinclair Broadcast is gaining a Big-4 affiliation in Las Vegas while still keeping programming for its other two networks. The firm views the move as a "great deal at a great price" and keeps an Outperform rating on the stock.
08:33 EDTSBGISinclair Broadcast to acquire KSNV in Las Vegas for $120M
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