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TRCO

Use TRNC

$33.69

(0.00%)

, SBGI

Sinclair Broadcast

$27.15

(0.00%)

09:43
08/09/18
08/09
09:43
08/09/18
09:43

Tribune Media said to seek $1B in damages in lawsuit against Sinclair

Tribune Media (TRCO) reported earlier in a regulatory filing that on August 9, 2018, the company filed a complaint in the Chancery Court of the State of Delaware against Sinclair Broadcast Group (SBGI), alleging breach of contract under their merger agreement. The complaint alleges that Sinclair "willfully and materially breached its obligations" under the agreement to use its reasonable best efforts to promptly obtain regulatory approval of the merger so as to enable the merger to close as soon as reasonably practicable. The lawsuit seeks damages for all losses incurred as a result of Sinclair's breach of contract under the merger agreement, the filing stated. Bloomberg has reported, citing the lawsuit filing, that Tribune is seeking $1B in damages from Sinclair.

TRCO

Use TRNC

$33.69

(0.00%)

SBGI

Sinclair Broadcast

$27.15

(0.00%)

  • 09

    Aug

  • 05

    Sep

  • 06

    Sep

TRCO Use TRNC
$33.69

(0.00%)

07/19/18
SPHN
07/19/18
DOWNGRADE
Target $37
SPHN
Equal Weight
Tribune Media downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Kyle Evans downgraded Tribune Media (TRCO) to Equal Weight from Overweight after the FCC announced last night that it has adopt a Hearing Designation Order for the Sinclair Broadcast (SBGI) deal. He had hoped the revised divestiture plan would eliminate the need for an HDO, but now that it has been adopted he is more worried that there could be character issues standing in the way of the deal being closed. Evans lowered his price target on Tribune shares to $37 from $41.
07/27/18
WELS
07/27/18
NO CHANGE
WELS
DOJ broadcast investigation unlikely to be material, says Wells Fargo
Wells Fargo analyst Marci Ryvicker says her conversions with industry contacts indicate the Department of Justice investigation into various television groups for alleged ad-rate collusion is unlikely to be material. The investigation likely stemmed from the DOJ's review of the Sinclair Broadcast (SBGI), Tribune Media merger, Ryvicker tells investors in a research note. She believes high levels of conversations about business likely drove the investigation and that it will be tough to prove that this lead to price fixing.
07/27/18
SPHN
07/27/18
NO CHANGE
SPHN
Reported DOJ investigation likely to pressure broadcaster stocks, says Stephens
After The Wall Street Journal reported yesterday that the Department of Justice is investigating whether TV station owners violated antitrust law in ways that inflated local ad prices, Stephens analyst Kyle Evans said that the negative news is likely to further pressure a group that he sees being "hard to own in any quarter." Evans added that, in his view, any miss within the group seems to drag them all down. Publicly traded broadcasters include Sinclair (SBGI), Tribune Media (TRCO), Gray Television (GTN), Nexstar (NXST) and Tegna (TGNA).
07/31/18
EVER
07/31/18
INITIATION
Target $40
EVER
Outperform
Tribune Media initiated with an Outperform at Evercore ISI
Evercore ISI analyst David Joyce initiated Tribune Media with an Outperform and $40 price target.
SBGI Sinclair Broadcast
$27.15

(0.00%)

07/31/18
EVER
07/31/18
INITIATION
Target $34
EVER
In Line
Sinclair Broadcast initiated with an In Line at Evercore ISI
Evercore ISI analyst David Joyce initiated Sinclair Broadcast with an In Line and $34 price target.

TODAY'S FREE FLY STORIES

GOOG

Alphabet

$1,026.00

7 (0.69%)

, GOOGL

Alphabet Class A

$1,031.22

4.99 (0.49%)

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Alphabet

$1,026.00

7 (0.69%)

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4.99 (0.49%)

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SE

Sea Limited

$12.18

-0.52 (-4.09%)

18:04
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Earnings
Sea Limited reports Q3 net loss ($237.6M) vs. ($127.1M) last year »

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BILI

Bilibili

$13.61

0.575 (4.41%)

18:03
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Earnings
Bilibili reports Q3 revenue $157.1M, consensus $146.72M »

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LTM

Latam Airlines

$9.24

-0.4 (-4.15%)

18:01
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CE

Celanese

$100.26

-1.53 (-1.50%)

18:01
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Celanese increases Fortron polyphenylene sulphide price by 85c per kg »

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BA

Boeing

$317.77

-3.09 (-0.96%)

, TSLA

Tesla

$347.60

-5.88 (-1.66%)

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NASA to investigate workplace culture at Boeing, SpaceX, Reuters says »

NASA said that it plans…

BA

Boeing

$317.77

-3.09 (-0.96%)

TSLA

Tesla

$347.60

-5.88 (-1.66%)

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PLWTY

Panalpina World Transport

$0.00

(0.00%)

17:52
11/20/18
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17:52
Upgrade
Panalpina World Transport rating change  »

Panalpina World Transport…

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VLKAY

Volkswagen

$0.00

(0.00%)

, DDAIF

Daimler AG

$0.00

(0.00%)

17:52
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Hot Stocks
British Columbia sets path for 100% zero-emission vehicle sales by 2040 »

In a move aimed at…

VLKAY

Volkswagen

$0.00

(0.00%)

DDAIF

Daimler AG

$0.00

(0.00%)

NSANY

Nissan

$0.00

(0.00%)

TM

Toyota

$117.29

0.2 (0.17%)

F

Ford

$9.06

-0.19 (-2.05%)

HMC

Honda

$27.60

-0.46 (-1.64%)

GM

General Motors

$35.09

-0.58 (-1.63%)

FCAU

Fiat Chrysler

$15.83

-0.585 (-3.56%)

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SPY

SPDR S&P 500 ETF Trust

$264.12

-5.16 (-1.92%)

, SPX

S&P 500

$0.00

(0.00%)

17:45
11/20/18
11/20
17:45
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17:45
General news
U.S says China has not changed its 'unfair' trade practices »

The Office of the United…

SPY

SPDR S&P 500 ETF Trust

$264.12

-5.16 (-1.92%)

SPX

S&P 500

$0.00

(0.00%)

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RBA

Ritchie Bros.

$34.27

-0.24 (-0.70%)

17:42
11/20/18
11/20
17:42
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17:42
Recommendations
Ritchie Bros. analyst commentary  »

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FL

Foot Locker

$46.10

-2.69 (-5.51%)

17:39
11/20/18
11/20
17:39
11/20/18
17:39
Earnings
Breaking Earnings news story on Foot Locker »

Foot Locker sees Q4 EPS…

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FE

FirstEnergy

$37.96

-0.58 (-1.50%)

17:39
11/20/18
11/20
17:39
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17:39
Periodicals
FirstEnergy in pact to sell West Lorain facility to Starwood Energy, WSJ says »

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FIZZ

National Beverage

$90.53

-3.14 (-3.35%)

17:39
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Hot Stocks
National Beverage announces special cash dividend of $2.90 per share »

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OSK

Oshkosh

$65.31

-0.81 (-1.23%)

17:30
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Syndicate
Breaking Syndicate news story on Oshkosh »

Oshkosh files automatic…

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MDU

MDU Resources

$26.10

-0.49 (-1.84%)

17:27
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Hot Stocks
MDU Resources sees 2019-2023 CapEx $2.6B »

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MDU

MDU Resources

$26.10

-0.49 (-1.84%)

17:26
11/20/18
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17:26
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17:26
Earnings
MDU Resources narrows FY18 EPS view to $1.30-$1.45 from $1.25-$1.45 

FY18 consensus $1.39.

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FL

Foot Locker

$46.10

-2.69 (-5.51%)

17:22
11/20/18
11/20
17:22
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17:22
Earnings
Foot Locker backs FY18 EPS growth view in double digits, consensus $4.48 »

Backs FY18 SSS growth…

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FL

Foot Locker

$46.10

-2.69 (-5.51%)

17:19
11/20/18
11/20
17:19
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17:19
Hot Stocks
Breaking Hot Stocks news story on Foot Locker »

Foot Locker sees Q4 SSS…

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FL

Foot Locker

$46.10

-2.69 (-5.51%)

17:17
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17:17
Hot Stocks
Foot Locker says women's business was the strongest in footwear »

Says pleased by Foot…

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  • 20

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CPRT

Copart

$47.30

-1.255 (-2.58%)

17:16
11/20/18
11/20
17:16
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17:16
Earnings
Copart reports Q1 fully diluted EPS 47c, consensus 47c »

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DXCM

DexCom

$119.89

-1.34 (-1.11%)

, GOOGL

Alphabet Class A

$1,031.22

4.99 (0.49%)

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Hot Stocks
DexCom and Verily amend license agreementAlphabet Class A »

DexCom (DXCM) and Verily,…

DXCM

DexCom

$119.89

-1.34 (-1.11%)

GOOGL

Alphabet Class A

$1,031.22

4.99 (0.49%)

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VNET

21Vianet

$11.20

-0.1 (-0.88%)

17:12
11/20/18
11/20
17:12
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17:12
Earnings
21Vianet reports Q3 adjusted EBITDA up 81.6% to RMB 45.2M »

Reports Q3 revenue RMB…

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DXCM

DexCom

$119.89

-1.34 (-1.11%)

17:05
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11/20
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17:05
Syndicate
Breaking Syndicate news story on DexCom »

DexCom files automatic…

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RDC

Rowan Companies

$14.32

-0.74 (-4.91%)

, ESV

Ensco

$6.19

-0.36 (-5.50%)

17:02
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11/20
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17:02
Hot Stocks
Rowan Companies and Ensco granted early termination of waiting period »

Rowan Companies (RDC) and…

RDC

Rowan Companies

$14.32

-0.74 (-4.91%)

ESV

Ensco

$6.19

-0.36 (-5.50%)

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SMBK

SmartFinancial

$20.14

-0.56 (-2.71%)

17:00
11/20/18
11/20
17:00
11/20/18
17:00
Hot Stocks
SmartFinancial authorizes $10M stock repurchase plan »

SmartFinancial announced…

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