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Sinclair Broadcast Group, Inc. stock price
Sinclair Broadcast Group, Inc. latest news:
Media sector suffers selloff after Disney, Comcast give guidance scaring investors
A handful of media stocks took a dive on Thursday after Walt Disney Co. warned that the media and entertainment company's 2017 earnings would be "roughly in line" with last year, and Comcast Corp. management told investors it is likely to lose 150,000 video subscribers during the third quarter. Comcast led the sector down, falling more than 7%, while Disney shares dropped more than 4%. Shares of Altice USA Inc. were down nearly 6% during intraday trade on Thursday, while shares of Viacom Inc. and 21st Century Fox Inc. were down more than 4%. CBS Corp. , AMC Networks Inc. and Sinclair Broadcasting Group Inc. shares fell more than 3%. Shares of Discovery Communications Inc. , MSG Networks Inc. and Dish Network Corp. were down more than 2%. In the year to date, Disney shares are down more than 6%, while shares of Comcast are up nearly 12% and the S&P 500 index is up more than 10% in the year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Sinclair Broadcast Group and Tribune Media announce filing of FCC response
Sinclair Broadcast Group Inc(SBGI). * Sinclair Broadcast Group(SBGI) and Tribune Media (TRCO) announce filing of fcc response. * Tribune Media Co (TRCO) and Sinclair Broadcast Group (SBGI) filed joint opposition to petitions to deny merger of two companies Source text for Eikon: Further company coverage:
Tribune Media reports Q2 loss and light revenue
Tribune Media Co. said on Monday it had a net loss of $30.4 million, or 35 cents per share, during its second quarter, which was smaller than the $161.6 million loss, or $1.76 per share, during the same quarter a year ago. The company's adjusted earnings were 36 cents per share, below FactSet's consensus of 41 cents. Revenue for the quarter was $469.5 million, down from $479.8 million a year ago, and just below FactSet's consensus of $473.0 million. The media company said it recently received a request from the Department of Justice for additional information and documentary material in relation to its agreed upon merger with Sinclair Broadcast Group , extending the waiting period for the deal. Shares of Tribune were inactive in premarket trade, but have gained nearly 17% in the year to date, while the the S&P 500 index is up almost 11%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Sinclair Deal Draws Unlikely Opponent: Conservative News Media
Newsmax and The Blaze are among the outlets that have joined left-leaning critics of the Sinclair Broadcast Group proposal to acquire Tribune Media.
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