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Stock Market & Financial Investment News

News Breaks
July 10, 2014
11:55 EDTGCI, SSP, GTN, SBGISigns 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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February 9, 2016
11:50 EDTGCIGannett examining parcel-delivery business, WSJ reports
Gannett (GCI) is examining the parcel-delivery business and has reached out to consultants in the parcel industry as early as December, The Wall Street Journal reports, citing sources. According to one source, Gannett also held preliminary talks with Amazon (AMZN) as it considers delivery possibilities. The report notes that Tribute Publishing (TPUB) abandoned a similar idea after briefly testing package delivery with Amazon in the fall. Reference Link
08:08 EDTGCIJournal Media Group says ISS recommends investors vote for merger with Gannett
Journal Media Group (JMG) announced that Institutional Shareholder Services has recommended that Journal Media Group shareholders vote "FOR" the proposed merger between Journal Media Group and Gannett (GCI). ISS stated in its February 8, 2016 report: "A vote FOR this transaction is warranted given the substantial premium, the strength of the sales process, the fact that no superior offers have emerged despite the reasonable breakup fee, and the apparently material downside risks..." The transaction and other matters will be considered at a special meeting for Journal Media Group shareholders on March 1, 2016, at 10 a.m. at Journal Media Group's headquarters at 333 W. State St., Milwaukee, Wisconsin. Journal Media Group shareholders of record as of the close of business on January 21, 2016, are entitled to vote at the special meeting either in person or by proxy. The parties currently expect to complete the proposed transaction promptly following approval by Journal Media Group shareholders and the expiration or termination of the Hart-Scott-Rodino waiting period.
February 1, 2016
09:01 EDTGTNGray Television announces Chairman William Mayher III passed away
Gray Television announced that William E. Mayher, III, the Chairman of Board since August 1993, passed away yesterday in Athens, Georgia. Throughout his tenure, Mayher had been an active member of Board of Directors, serving on and chairing virtually every Board committee at various times.
January 28, 2016
07:45 EDTSBGISinclair Broadcast to hold a conference call
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January 27, 2016
16:50 EDTGTNGray Television promotes five senior Vice Presidents to new positions
Gray Television promoted its five Senior Vice Presidents to new positions effective on February 1. Jim Ryan is now Executive VP and CFO. Previously, he served as Senior VP and CFO. Kevin Latek is now Executive VP Chief Legal and Development Officer, while 'previously, he served as Senior VP of Business Affairs. Bob Smith is now Executive VP and Co-COO, when he previously served as Senior VP of Midwest and West regions. Nick Waller is now Executive VP and Co-COO. Previously he served as Senior VP of Mid-Atlantic and South. Jason Effinger is now Executive VP and Chief Digital and Technology Officer. Previously he served as Senior VP for Media and Technology.
16:41 EDTSBGISinclair Broadcast to acquire Tennis Channel for $350M
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