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TRCO

Tribune Media

$42.15

-0.08 (-0.19%)

, APO

Apollo Global

$28.10

0.36 (1.30%)

17:03
07/31/17
07/31
17:03
07/31/17
17:03

Tribune Media sells majority stake in CareerBuilder for about $158M in cash

Tribune Media (TRCO) announced that it has sold the majority of its ownership stake in CareerBuilder, as TEGNA completed the sale of CareerBuilder to an investor group led by investment funds managed by affiliates of Apollo Global Management (APO), a leading global alternative investment manager, and the Ontario Teachers' Pension Plan Board. As a participant in the sale, Tribune Media will receive approximately $158M in cash and will retain an approximate 7% ownership stake in CareerBuilder on a fully-diluted basis.

TRCO

Tribune Media

$42.15

-0.08 (-0.19%)

APO

Apollo Global

$28.10

0.36 (1.30%)

  • 02

    Aug

TRCO Tribune Media
$42.15

-0.08 (-0.19%)

06/02/17
SPHN
06/02/17
NO CHANGE
SPHN
Overweight
Regulatory uncertainty may cause volatility for Sinclair, Tribune, says Stephens
Stephens analyst Kyle Evans noted that a federal court has temporarily delayed effectiveness of the FCC's decision to reinstate the UHF discount, which he said is critical for Sinclair Broadcast's (SBGI) deal to acquire Tribune Media (TRCO). The deal could be jeopardized if the court permanently blocked the UHF discount and regulatory uncertainty may cause volatility in the stocks, said Evans. The analyst reiterates his Overweight rating and $46 price target on Sinclair shares.
05/12/17
WELS
05/12/17
NO CHANGE
WELS
Sinclair Broadcast 'weakness completely unwarranted,' says Wells Fargo
After Sinclair (SBGI) announced that it had agreed to buy Tribune Media (TRCO) on May 8 and Tribune's stock fell over 5% since then, Wells Fargo calls Tribune's weakness "completely unwarranted." The firm says that the deal is significantly accretive to Sinclair's free cash flow. It adds that Sinclair is outperforming its peers in advertising ,while its leverage could drop to four times by 2018. Wells keeps an Outperform rating on Sinclair.
05/08/17
WELS
05/08/17
NO CHANGE
WELS
Outperform
Wells Fargo likes Sinclair's acquisition of Tribune Media
Wells Fargo analyst Marci Ryvicker likes Sinclair Broadcast's acquisition of Tribune Media (TRCO). The deal was done at a "very attractive" multiple and is "clearly accretive" to free cash flow, Ryvicker tells investors in a research note. Applying 40% of free cash flow accretion per share, the analyst arrives at a "fair market value" price for Sinclair of $55 per share. The stock in early trading is up $1.12 to $38.08.
04/20/17
WELS
04/20/17
DOWNGRADE
WELS
Market Perform
Tribune Media downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Marci Ryvicker downgraded Tribune Media to Market Perform saying she no longer believes the company is going to be sold at a share price materially higher than current levels. Ryvicker lowered her estimates to reflect a tougher Q1 and cut her price target range for the shares to $38-$40 from $40-$44.
APO Apollo Global
$28.10

0.36 (1.30%)

06/08/17
BOFA
06/08/17
UPGRADE
BOFA
Buy
Carlyle Group upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Michael Carrier upgraded Carlyle Group (CG) to Buy saying the outlook for alternative asset managers is improving following a challenging 2015 and 2016. The analyst highlights "healthy" fundraising, improving returns, and rising distributions for the space. Carrier raised his price target for Carlyle to $21 from $20 while noting that Apollo Global (APO) remains his top pick in the space.
02/09/17
WELS
02/09/17
NO CHANGE
WELS
Apollo Global stock could rise 15% on Athene Holding deal, says Wells Fargo
Wells Fargo estimates that Apollo Global's (APO) EPS could be boosted by 40c and its stock could rise 10%-15% if Athene Holding (ATH) buys Fidelity & Guarantee Life. The firm notes that Apollo Global "recognizes revenue and earnings (positive or negative) tied to Athene Holding stock price movements." Wells keeps an Outperform rating on Apollo Global.
02/06/17
BOFA
02/06/17
UPGRADE
Target $27
BOFA
Buy
Apollo Global upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded Apollo Global to Buy and rasied its price target to $27 from $23 given expectations for improving fee related earnings, fund returns, and a rising distribution.
02/06/17
WELS
02/06/17
UPGRADE
WELS
Outperform
Apollo Global upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Christopher Harris upgraded Apollo Global to Outperform saying the market is underappreciating the "rapid growth" of the company's carry generating assets under management. The analyst raised his price target range for the shares to $25-$27 from $20-$22.

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CSCO

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IBM

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GE

General Electric

$18.21

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GE

General Electric

$18.21

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TWX

Time Warner

$88.72

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, T

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NYT

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$17.65

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TEX

Terex

$44.82

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TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

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SYNA

Synaptics

$38.21

0.57 (1.51%)

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MKSI

MKS Instruments

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MKSI

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WGL Holdings

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MKSI

MKS Instruments

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Brocade

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$1.18

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LGND

Ligand

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