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Stock Market & Financial Investment News

News Breaks
January 31, 2014
07:55 EDTSBGIRegulatory fears surrounding Sinclair unwarranted, says Wells Fargo
After speaking with Sinclair Broadcast's management and sources at regulators, Wells Fargo believes that recent concerns regarding changes in regulations involving JSAs and side-cars are unwarranted. The firm reports that JSAs are contracts between broadcasters which authorize a brokering station to sell some or all of the brokered station's ad time, shouldering all market risk in exchange for a fee. It does not expect the FCC to target Sinclair's JSAss, and keeps an Outperform rating on the shares.
News For SBGI From The Last 14 Days
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August 10, 2014
18:36 EDTSBGITake profits in Gannett, Barron's says
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August 6, 2014
07:37 EDTSBGISinclair Broadcast sees 2014 CapEx $73.0M
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07:36 EDTSBGISinclair Broadcast sees Q3 cont-op net broadcast revenues up 34.3%-35.2%
Q2 net broadcast revenues were $404.2M. Sees Q3 CapEx $26.5M. Sees Q3 effective tax rate 36.2%.
07:34 EDTSBGISinclair Broadcast reports Q2 EPS 42c, consensus 36c
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07:32 EDTSBGISinclair Broadcast increases quarterly dividend 10% to 16.5c per share
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