28.90 0.00 (0.00%)
After hours: 4:59PM EDT
|Bid||28.70 x 200|
|Ask||30.45 x 100|
|Day's Range||28.70 - 29.85|
|52 Week Range||26.70 - 41.15|
|PE Ratio (TTM)||5.05|
|Forward Dividend & Yield||0.72 (2.44%)|
|1y Target Est||N/A|
More than 20 Democratic U.S. senators on Thursday urged Federal Communications Commission Chairman Ajit Pai not to approve any transfers of broadcast TV licenses as part of proposed mergers pending a federal court ruling. In 2016, the FCC under Democratic President Barack Obama said those rules were outdated after the 2009 conversion to digital broadcasting.
The Financial Times originally reported that several stations were to be sold to Fox to help Sinclair win approval of its Tribune deal.
Sinclair Broadcast Group ( SBGI) said it will divest about two dozen television stations as part of its effort to acquire Tribune Media Co. ( TRCO). Sinclair, which wants to secure regulatory approval on the $3.9 billion deal, has landed deals to sell 23 stations in 18 markets to different buyers. “We’ve always known Sinclair was going to have to sell some units to eliminate duplication and to not have monopoly power over more than 39 percent” of U.S. viewership to comply with Federal Communications Commission, Loyola University finance professor Karryl Leggio told The Baltimore Sun .
Sinclair Broadcast Group Inc. has reached deals to sell 23 television stations in 18 markets as it works to get regulators to sign off on its purchase of Tribune Media Co.
NEW YORK (AP) — Sinclair Broadcast Group will sell nine TV stations to Standard Media Group for $441.7 million as part of its plan to meet regulatory approval for its pending $3.9 billion acquisition of Tribune Media.
The stations are in Chicago, Seattle, Salt Lake City, Dallas, Houston, Miami, Denver, Sacramento and other cities. Five different buyers are involved in the proposal.
Sinclair Broadcast Group Inc on Tuesday said it will sell 23 television stations to several companies after completing its $3.9 billion acquisition of Tribune Media Co. Sinclair plans to sell the stations to Standard Media Group, Meredith Corp, Howard Stirk and Cunningham Broadcasting Corp and another party to be announced, the company said.
Sinclair Broadcast Group Inc. agreed to sell more than 20 TV stations to Standard General LP, Meredith Corp. and others, aiming to soothe regulatory concerns surrounding its $3.9 billion takeover attempt of Tribune Media Co. The transactions are aimed at gaining regulatory approval for the Tribune deal and are expected to be completed when that purchase closes, Sinclair said on Tuesday. The company is seeking approval from the Federal Communications Commission as well as antitrust regulators.
Sinclair Broadcast Group Inc. rose after releasing a revised plan to sell TV stations and satisfy regulators vetting its $3.9 billion purchase of Tribune Media Co., saying it would keep New York’s WPIX ...
Sinclair Broadcast Group Inc. dropped after judges questioned a rule change that made way for the broadcaster’s proposed acquisition of Tribune Media Co., raising the possibility of turmoil for the $3.9 billion deal. Judges at the U.S. Court of Appeals for the D.C. Circuit questioned why the Federal Communications Commission had reinstated a rule allowing owners of some TV stations to count just part of their audience when tallying holdings against a national limit of 39 percent. The issue is important to Sinclair’s proposed purchase of Tribune, which would leave it covering 72 percent of U.S. households -- or about 45 percent when counting half the audience as allowed under the embattled rule.
NAB returned to its local broadcasting roots this year, with much chatter about ATSC 3.0 and the growth of automated ad buying for local broadcasters
Twelve U.S. senators on Thursday asked the Federal Communications Commission to investigate Sinclair Broadcasting Group for "deliberately distorting news" and asked the commission to pause its ongoing review of the company's proposed $3.9 billion acquisition of Tribune Media Co. In a letter, the senators, 11 Democrats and independent Bernie Sanders, expressed concern about local news anchors at Sinclair-owned stations around the country being forced to read company-mandated scripts. "We are concerned that Sinclair is engaged in a systematic news distortion operation that seeks to undermine freedom of the press and the robust localism and diversity of viewpoint that is the foundation of our national broadcasting laws,” the senators wrote.
David Smith's recent interview with The Guardian comes as Hunt Valley-based Sinclair Broadcast Group faces an onslaught of criticism for having its TV anchors across the U.S. read company-mandated scripts lashing out about "fake news."
Sinclair Broadcast Group is encountering resistance from the Federal Communications Commission as it seeks approval for its $3.9 billion acquisition of Tribune Media.
ST. LOUIS (AP) — A conservative commentator who sent a tweet saying he would use "a hot poker" to sexually assault an outspoken 17-year-old survivor of the Florida high school shooting has resigned from a St. Louis TV station and been taken off the radio after several advertisers withdrew from his shows.
NEW YORK (AP) — The Sinclair Broadcast Group attacked CNN on Tuesday for what it considers hypocrisy about the chain's recent directive to local news anchors to read a message to viewers denouncing fake news.
According to The Wall Street Journal, Sinclair wants to sell WPIX-TV New York to a company it has close ties with.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on February 20. Index (PMI) data, output in the Consumer Services sector is rising.