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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

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0.22 (0.74%)

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LOXO

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PTLA

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TNC

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VNO

Vornado

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-1.58 (-2.10%)

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GOOG

Alphabet

$1,173.38

7.17 (0.61%)

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Alphabet Class A

$1,179.78

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Alphabet

$1,173.38

7.17 (0.61%)

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7.56 (0.64%)

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ASNA

Ascena Retail

$4.02

-0.21 (-4.96%)

, BAS

Basic Energy

$9.44

0.18 (1.94%)

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ASNA

Ascena Retail

$4.02

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BAS

Basic Energy

$9.44

0.18 (1.94%)

KEG

Key Energy

$13.46

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PSTI

Pluristem

$1.31

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ARNA

Arena Pharmaceuticals

$42.80

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NOVN

Novan

$2.72

0.015 (0.56%)

SNDX

Syndax

$7.23

0.46 (6.79%)

DCPH

Deciphera

$39.80

0.78 (2.00%)

BJ

BJ's Wholesale

$28.47

-0.68 (-2.33%)

PETQ

PetIQ

$41.07

-0.55 (-1.32%)

CNP

CenterPoint Energy

$27.81

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CTL

CenturyLink

$22.90

-0.04 (-0.17%)

PBR

Petrobras

$11.40

-0.105 (-0.91%)

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PBR

Petrobras

$11.40

-0.105 (-0.91%)

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VRSN

VeriSign

$158.97

-0.79 (-0.49%)

18:39
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TI

Telecom Italia

$6.54

-0.1 (-1.51%)

18:35
09/24/18
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Telecom Italia discussed Nextel bid at board meeting, Bloomberg says »

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INSG

Inseego

$4.01

-0.08 (-1.96%)

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PCG

PG&E

$46.30

-0.48 (-1.03%)

18:31
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PG&E says will invest $360M in electric car infrastructure, Bloomberg says »

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KKR

KKR

$28.25

-0.01 (-0.04%)

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UNH

UnitedHealth

$267.35

0.6 (0.22%)

, EVHC

Envision Healthcare

$45.72

0.07 (0.15%)

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UNH

UnitedHealth

$267.35

0.6 (0.22%)

EVHC

Envision Healthcare

$45.72

0.07 (0.15%)

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  • 25

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AMZN

Amazon.com

$1,934.50

16.75 (0.87%)

, UBER

Uber

$0.00

(0.00%)

18:14
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AMZN

Amazon.com

$1,934.50

16.75 (0.87%)

UBER

Uber

$0.00

(0.00%)

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  • 26

    Sep

BK

BNY Mellon

$52.36

-0.9 (-1.69%)

17:48
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  • 18

    Oct

EPZM

Epizyme

$10.23

-0.075 (-0.73%)

17:44
09/24/18
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17:44
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17:44
Initiation
Epizyme initiated at Leerink »

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  • 24

    Sep

  • 02

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NAVB

Navidea

$0.25

-0.0135 (-5.14%)

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LYL

Dragon Victory

$1.46

(0.00%)

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RDS.A

Royal Dutch Shell

$68.18

0.89 (1.32%)

, RDS.B

Royal Dutch Shell

$70.25

0.67 (0.96%)

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RDS.A

Royal Dutch Shell

$68.18

0.89 (1.32%)

RDS.B

Royal Dutch Shell

$70.25

0.67 (0.96%)

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SEND

SendGrid

$35.40

-0.085 (-0.24%)

17:27
09/24/18
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Initiation
SendGrid initiated at First Analysis »

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PGNX

Progenics

$6.44

0.03 (0.47%)

17:25
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Breaking Hot Stocks news story on Progenics »

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  • 01

    Oct

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VLY

Valley National

$11.76

-0.26 (-2.16%)

17:20
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Valley National announces transfer of listing to Nasdaq »

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  • 29

    Oct

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    Nov

CPT

Camden Property

$93.35

-1.6 (-1.69%)

17:18
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Camden Property completes acquisition of Florida apartment community »

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  • 25

    Sep

ST

Sensata

$50.74

-1.14 (-2.20%)

17:13
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Sensata acquires privately-held GIGAVAC FOR approximately $233M »

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  • 13

    Nov

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