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Stock Market & Financial Investment News

News Breaks
February 14, 2014
13:40 EDTSBGISinclair Broadcast announces up to $100M share repurchase plan
Sinclair Broadcast Group announced that it intends to repurchase, from time to time, up to $100M of its Class A common shares in the open market. The company stated, "We strongly believe in the long term outlook of our Company and our business models and disagree with the market's current discounted view on broadcast. Using a portion of our free cash flow through the share repurchase is an attractive means to capture meaningful returns for our shareholders."
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September 3, 2014
09:54 EDTSBGISinclair Broadcast acquisition in Las Vegas a positive, says Wells Fargo
Wells Fargo says that with today's announcement, Sinclair Broadcast is gaining a Big-4 affiliation in Las Vegas while still keeping programming for its other two networks. The firm views the move as a "great deal at a great price" and keeps an Outperform rating on the stock.
08:33 EDTSBGISinclair Broadcast to acquire KSNV in Las Vegas for $120M
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