Regulatory 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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Sinclair Broadcast to close on Allbritton statoins on August 1 Sinclair Broadcast announced that the FCC and the Department of Justice have approved the Company's acquisition of the Allbritton television stations. The company intends to close the transaction on August 1.