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2. -- Comcast (CMCSA - Get Report) and Charter Communications (CHTR - Get Report) are expected to announce a wireless partnership on Monday, aimed at cutting the costs of entering the wireless market, as well as speeding up entry, a source told Reuters.
The deal will bar either company from entering into a material transaction for a year without the other company's consent, the source said. That would prevent either company from tying up with a wireless carrier immediately on its own, Reuters noted.
Reuters reported earlier this year that Verizon Communications was interested in exploring a combination with Charter. Analysts and investors also have speculated that Comcast could buy a U.S. carrier, such as T-Mobile US or Sprint.
The agreement between Comcast and Charter would allow the companies to cut costs and share technology expertise, as well as offer customers benefits such as seamless connection between their Wi-Fi hotspots, the source told Reuters.
3. -- Sinclair Broadcast Group (SBGI - Get Report) is poised to control more than a third of the country's local television stations as it nears a deal to buy Tribune Media (TRCO) , The New York Times reported.
A deal between the companies, expected to be announced as soon as Monday morning, would cement Sinclair's status as a growing power in the broadcast industry, the Times noted. The company, whose 173 properties already make it the largest owner of local stations in the United States, emerged from a field of potential bidders for Tribune Media that included 21st Century Fox (FOXA) and Nexstar Media Group (NXST - Get Report) .
Sinclair was expected to pay just under $44 a share, the Times reported, citing some of those briefed on the matter, valuing Tribune at about $3.8 billion.
Tribune Media shares closed Friday at $40.29 a share.
4. -- Wells Fargo (WFC - Get Report) was rising slightly in premarket trading on Monday after Warren Buffett criticized the bank and its former CEO for reacting too slowly to last year's bogus-accounts scandal.
Director James Gunn's second Guardians film opened 54% higher than the 2014 runaway hit, according to studio estimates Sunday.
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