New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 10, 2014
11:55 EDTSSP, GTN, SBGI, GCISigns 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
Sign up for a free trial to see the rest of the stories you've been missing.
April 23, 2015
09:29 EDTGTNGray Television to acquire WAGM-TV for $10.25M
Gray Television announced that it has reached an agreement with NEPSK to acquire WAGM-TV in Presque Isle, Maine, for $10.25M in cash. WAGM-TV's two digital channels are affiliated with the CBS Network and the FOX Network. The transaction purchase price represents a multiple of less than six times a blended average of 2014-2015 anticipated pro forma broadcast cash flow of the station including expected synergies. As such, Gray's acquisition of WAGM-TV will be immediately free cash flow accretive to Gray. Gray expects to finance the transaction with cash on hand. The transaction is subject to receipt of regulatory and other approvals and is expected to close in the third quarter of 2015.
April 21, 2015
13:15 EDTGCIGannett announces TEGNA as name of new Broadcasting and Digital company
Subscribe for More Information
08:17 EDTGCIGannett reports Q1 Broadcasting segment revenue up 4% to $396.8M
Operating revenues in the Digital Segment increased substantially in the quarter, 85.1%, compared to the first quarter of 2014 and totaled $332.7M. Publishing Segment revenues in the quarter were $768.2M, down 8.8%.
08:16 EDTGCIGannett reports Q1 EPS 49c, consensus 45c
Reports Q1 revenue $1.5B, consensus $1.52B.
April 20, 2015
15:37 EDTGCINotable companies reporting before tomorrow's open
Subscribe for More Information
April 16, 2015
09:04 EDTGCIGannett announces partnership with ViewLift
Gannett Co. announced an agreement with ViewLift, a full-service provider of custom video applications, to explore development of a new digital sports video service. This new entity will focus on streaming unique sports-related content and select, relevant movies across multiple devices smartphones, tablets, televisions, and PCs.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use