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SBGI

Sinclair Broadcast

$29.05

(0.00%)

, TRCO

Tribune Media

$36.90

0.23 (0.63%)

12:32
08/29/18
08/29
12:32
08/29/18
12:32

Sinclair Broadcast calls Tribune lawsuit 'meritless', files counterclaim

Sinclair Broadcast Group (SBGI) announced that it has filed its Answer, Affirmative Defenses, and Verified Counterclaim to the Verified Complaint filed by Tribune Media Company (TRCO) in the Delaware Court of Chancery. "We were extremely disappointed that the Tribune transaction was terminated," said CEO Chris Ripley. "We are likewise disappointed that Tribune, through its meritless lawsuit, is seeking to capitalize on an unfavorable and unexpected reaction from the Federal Communications Commission to capture a windfall for Tribune. Today, we filed our response to Tribune's complaint, along with a counterclaim against Tribune for breaching the merger agreement. As described in our filing, we fully complied with our obligations under the merger agreement and worked tirelessly to close the transaction. The company looks forward to vigorously defending against Tribune's claims and pursuing our own claim."

SBGI

Sinclair Broadcast

$29.05

(0.00%)

TRCO

Tribune Media

$36.90

0.23 (0.63%)

  • 05

    Sep

  • 06

    Sep

SBGI Sinclair Broadcast
$29.05

(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 $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.
TRCO Tribune Media
$36.90

0.23 (0.63%)

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.

TODAY'S FREE FLY STORIES

INTC

Intel

$57.60

-1.12 (-1.91%)

16:03
04/25/19
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16:03
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16:03
Earnings
Intel reports Q1 adjusted EPS 89c, consensus 87c »

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ALK

Alaska Air

$59.22

-1.59 (-2.61%)

16:03
04/25/19
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16:03
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16:03
Hot Stocks
Alaska Air reports Q1 EPS ex-items 17c, consensus 12c »

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OMCL

Omnicell

$78.19

0.67 (0.86%)

16:03
04/25/19
04/25
16:03
04/25/19
16:03
Earnings
Omnicell sees FY19 adjusted EPS $2.62-$2.82, consensus $2.51 »

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WM

Waste Management

$105.56

-0.56 (-0.53%)

16:03
04/25/19
04/25
16:03
04/25/19
16:03
Syndicate
Breaking Syndicate news story on Waste Management »

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POWI

Power Integrations

$78.20

-1.84 (-2.30%)

16:02
04/25/19
04/25
16:02
04/25/19
16:02
Earnings
Power Integrations reports Q1 EPS 41c, consensus 41c »

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ATRC

AtriCure

$28.09

0.11 (0.39%)

16:02
04/25/19
04/25
16:02
04/25/19
16:02
Earnings
AtriCure raises FY19 revenue view to $222M-$228M from $220M-$228M 

Consensus $225.84M.

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OMCL

Omnicell

$78.19

0.67 (0.86%)

16:02
04/25/19
04/25
16:02
04/25/19
16:02
Earnings
Omnicell sees Q2 adjusted EPS 61c-66c, consensus 56c »

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AMZN

Amazon.com

$1,911.92

11.2 (0.59%)

16:02
04/25/19
04/25
16:02
04/25/19
16:02
Earnings
Amazon.com sees Q2 revenue $59.5B-$63.5B, consensus $62.37B »

Net sales are expected to…

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ATRC

AtriCure

$28.09

0.11 (0.39%)

16:01
04/25/19
04/25
16:01
04/25/19
16:01
Earnings
AtriCure reports Q1 adjusted EPS (20c), consensus (24c) »

Reports Q1 revenue $54M,…

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OMCL

Omnicell

$78.19

0.67 (0.86%)

16:01
04/25/19
04/25
16:01
04/25/19
16:01
Earnings
Omnicell reports Q1 adjusted EPS 61c, consensus 41c »

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AMZN

Amazon.com

$1,912.33

11.61 (0.61%)

16:01
04/25/19
04/25
16:01
04/25/19
16:01
Earnings
Amazon.com reports Q1 EPS $7.09, consensus $4.72 »

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CLF

Cleveland-Cliffs

$9.76

0.24 (2.52%)

16:01
04/25/19
04/25
16:01
04/25/19
16:01
Recommendations
Cleveland-Cliffs analyst commentary  »

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  • 25

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INTU

Intuit

$264.14

0.22 (0.08%)

16:00
04/25/19
04/25
16:00
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16:00
Hot Stocks
Intuit says TurboTax Online units rose 7% season-to-date through April 20 »

Intuit Inc. released the…

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YUMA

Yuma Energy

$0.53

0.253 (92.00%)

15:58
04/25/19
04/25
15:58
04/25/19
15:58
Hot Stocks
Yuma says unaware of material change to account for increased market activity »

Yuma Energy announces…

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ALXN

Alexion

$135.00

4.88 (3.75%)

15:58
04/25/19
04/25
15:58
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15:58
Recommendations
Alexion analyst commentary at Piper Jaffray »

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CAR

Avis Budget

$35.87

-0.82 (-2.23%)

15:55
04/25/19
04/25
15:55
04/25/19
15:55
Options
Avis Budget put volume heavy and directionally bearish »

Bearish flow noted in…

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AGCO

Agco

$69.70

-1.9 (-2.65%)

15:50
04/25/19
04/25
15:50
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15:50
Hot Stocks
Agco raises quarterly dividend to 16c per share from 15c »

Agco announced that it…

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BHC

Bausch Health

$23.82

0.8 (3.48%)

15:45
04/25/19
04/25
15:45
04/25/19
15:45
Recommendations
Bausch Health analyst commentary at Wells Fargo »

Bausch Health pipeline,…

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NBLX

Noble Midstream

$38.92

1.49 (3.98%)

, NBL

Noble Energy

$27.51

-0.08 (-0.29%)

15:44
04/25/19
04/25
15:44
04/25/19
15:44
Periodicals
Noble Midstream put up for sale by Noble Energy, Reuters says »

Noble Midstream Partners…

NBLX

Noble Midstream

$38.92

1.49 (3.98%)

NBL

Noble Energy

$27.51

-0.08 (-0.29%)

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  • 03

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INTC

Intel

$57.52

-1.2 (-2.04%)

15:40
04/25/19
04/25
15:40
04/25/19
15:40
Options
Intel options volume is 2X daily average ahead of earnings »

Intel options volume is…

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S

Sprint

$5.54

-0.08 (-1.42%)

, TMUS

T-Mobile

$73.06

-0.29 (-0.40%)

15:38
04/25/19
04/25
15:38
04/25/19
15:38
Periodicals
Sprint, T-Mobile officials 'cautiously optimistic' about DOJ approval, FBN says »

The U.S. Department of…

S

Sprint

$5.54

-0.08 (-1.42%)

TMUS

T-Mobile

$73.06

-0.29 (-0.40%)

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SFLY

Shutterfly

$42.23

-0.72 (-1.68%)

15:34
04/25/19
04/25
15:34
04/25/19
15:34
Options
Shutterfly options imply 13.4% move in share price post-earnings, above median historical move »

Pre-earnings options…

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XLU

Utilities SPDR

$58.16

0.38 (0.66%)

15:30
04/25/19
04/25
15:30
04/25/19
15:30
Options
Put spreads in SPDR Utility Fund as a defensive position is adjusted »

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EQT

EQT Corporation

$20.19

-0.565 (-2.72%)

15:29
04/25/19
04/25
15:29
04/25/19
15:29
Hot Stocks
EQT Corporation responds to Toby Rice lawsuit »

EQT Corporation issued…

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NBLX

Noble Midstream

$36.79

-0.64 (-1.71%)

, NBL

Noble Energy

$26.70

-0.89 (-3.23%)

15:22
04/25/19
04/25
15:22
04/25/19
15:22
Periodicals
Breaking Periodicals news story on Noble Midstream, Noble Energy »

Noble Midstream put up…

NBLX

Noble Midstream

$36.79

-0.64 (-1.71%)

NBL

Noble Energy

$26.70

-0.89 (-3.23%)

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