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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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August 26, 2015
18:47 EDTSBGIDISH, Sinclair Broadcast reach agreement, form basis for long-term deal
DISH Network (DISH) announced that it and Sinclair Broadcast Group (SBGI) have reached an agreement in principle "that will form the basis of a long-term retransmission consent agreement" for carriage of Sinclair's local channels in 79 markets nationwide. Restoration of Sinclair signals to DISH's system is underway. "We are grateful for the FCC's work on behalf of consumers to actively broker a productive path forward," said DISH, adding that it is asking the Federal Communications Commission to stay action on DISH's verified amended and restated retransmission complaint and request for preliminary injunctive relief as the long-term agreement is being finalized. Terms of the agreement were not disclosed.
18:24 EDTSBGISinclair Broadcast, DISH reach retransmission consent pact in principal
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12:47 EDTSBGIOn The Fly: Top stock stories at midday
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12:44 EDTSBGIFCC Chairman Wheeler says to convene emergency meeting with DISH, Sinclair
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05:30 EDTSBGIDISH renews formal complaint with FCC against Sinclair Broadcast
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05:17 EDTSBGIDISH says Sinclair Broadcast chooses to initiate channel blackout
Despite reaching an agreement on rates and all other terms for the carriage of the Sinclair local stations, DISH (DISH) said that this afternoon Sinclair Broadcast Group (SBGI) chose to begin the largest local channel blackout in the history of television, blocking DISH customers' access to 129 local channels in 79 markets across 36 states and the District of Columbia, and intentionally harming and exploiting millions of innocent consumers to gain negotiating leverage for carriage of an unrelated cable channel that it hopes to acquire but does not own today. Warren Schlichting, DISH senior vice president of programming, said, "Sinclair rejected our extension offer and has chosen to use innocent consumers as pawns to gain leverage for the economic benefit of Sinclair, while causing substantial harm and disruption to the lives of consumers." DISH and Sinclair had been making steady progress in their recent negotiations, and DISH was hopeful that they would come to a mutual agreement to renew carriage of the Sinclair local stations. In that spirit, DISH offered another short-term contract extension to Sinclair that would include a retroactive "true-up" when new rates were agreed upon, and would preserve the ability of DISH customers to access the Sinclair local stations while our negotiations continued. The "true-up" would ensure that Sinclair was made whole at the new rates for the period of any contract extension. Rather than accept DISH's good faith offer, Sinclair Broadcast Group chose to begin the largest local channel blackout in the history of television, blocking DISH customers' access to 129 local channels in 79 markets, and intentionally harming and exploiting millions of innocent consumers to gain negotiating leverage for carriage of an unrelated cable channel that it hopes to acquire but does not own today.
August 25, 2015
09:20 EDTSSPE.W. Scripps management to meet with Gabelli
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August 24, 2015
14:15 EDTSSPE.W. Scripps offers pension benefit payouts
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09:04 EDTGCIAncestry.com collaborates with Gannet to digitally archive newspapers
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August 17, 2015
16:15 EDTSBGIGlenhill Advisors reports 5.6% passive stake in Sinclair Broadcast
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