|Day Low/High||43.52 / 44.50|
|52 Wk Low/High||25.14 / 66.57|
Stocks are mostly higher on Monday after congressional leaders reach a deal to fund the federal government through the rest of the budget year.
21st Century Fox is teaming with Blackstone Group to take on Sinclair in a bid for Tribune.
Fox is in talks to buy the TV station owner in a partnership with private equity giant Blackstone, begging the question, Will the Murdochs ever stop buying things?
Stocks turn green again on Monday morning after congressional leaders reach a deal to fund the federal government through the rest of the budget year.
Stock futures rise on Monday after congressional leaders reach funding deal to avoid a government shutdown.
Bids for the company are due Thursday.
Negotiators reach an agreement last night to fund the government through September, avoiding a government shutdown.
U.S. stock futures are posting modest gains Monday after congressional negotiators reach a deal to avert a government shutdown.
The $240 million deal for TV stations in five states could herald a wave of new acquisitions as Federal Communications Commission changes open new doors.
Sinclair has acquired New York-based television broadcaster Bonten Media Group.
The FCC is chipping away at limitations on media ownership, creating new rules likely to spark a new wave of consolidation among TV station owners.
A deal between Sinclair and Tribune and a shift in FCC rules could spur action by CBS, Nexstar and others.
Media stocks outperformed the broad market in the first quarter, but the jump in valuation may have had more to do with peripherals like politics than fundamentals of the business.
The FCC under former Verizon official Ajit Pai took the first step on Thursday to reinstate a rule favored by the country's largest television station owners.
Sinclair Television Group, a wholly owned subsidiary of Sinclair Broadcast Group, Inc.
Fox is weighing possible choices after having been approached by various parties interested in acquiring Tribune Media either directly, or with Fox.
Nexstar Media Group, Inc. (NASDAQ:NXST) ("Nexstar") and Sinclair Broadcast Group, Inc.
Ajit Pai, the new chairman of the Federal Communications Commission, promised to return the U.S. to 'the light-touch approach' of regulating broadband.
Mergers among media companies, much anticipated for at least three years, may be finally unfolding as WGN owner Tribune Media and magazine publisher Time talk to potential acquirers.
The fund recently disclosed a stake in the broadcaster, an investment suggesting a campaign pushing for stock buybacks, asset sales or an auction of the whole company could be next.
Starboard Value recently disclosed a stake in the broadcaster, an investment suggesting a campaign pushing for stock buybacks, asset sales or an auction of the whole company could be next.
Sinclair Broadcast Group missed analysts' top- and bottom-line estimates.
CBS, Comcast, Fox, Sinclair, Nexstar and others could collet a pay out from the first-ever auction of TV broadcast licenses to mobile carriers.
Investors in Sinclair Broadcast Group, Inc. saw new options begin trading this week, for the September 15th expiration.
AT&T, Comcast, Verizon, T-Mobile and Comcast are among the potential pool of qualified buyers that collectively satisfied the FCC's rules for the auction to be completed.
These companies show signs of a change of direction.
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Shares of the network owner have continued to rise, propelled by rising acceptance by management that a merger with its former parent is inevitable and can work.
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