Sinclair to Raise $1.5 Billion From Station Divestitures

Fox confirms it will buy seven TV stations from Sinclair

The company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.31.

The FCC required Sinclair to divest of stations in markets where it already owns one or more television stations. The company had a trading volume of 239,489 shares, compared to its average volume of 928,441. The ratio is negative due to Sinclair Broadcast Group, Inc. positioning: 31 sold and 73 reduced. (NASDAQ:SBGI). Jane Street Grp Ltd accumulated 15,712 shs. It has underperformed by 32.54% the S&P500.

Another two news for Sinclair Broadcast Group, Inc. The company provides Antenna TV, THIS TV, radio station, music and video content and technologies. The company has a market cap of $3.19 billion, a P/E ratio of 25.86, a P/E/G ratio of 8.70 and a beta of 1.33. About 7,815 shares traded. Enstar Group Limited (NASDAQ:ESGR) has risen 13.09% since May 9, 2017 and is uptrending.

Investors sentiment decreased to 1.13 in Q4 2017. It has change of 0.26, from 2017Q3's 1.23. Prudential owns 16,313 shares. The Germany-based Deutsche Bank Ag has invested 0% in the stock. 121,050 were accumulated by Swiss Bancorp. 50 were reported by First Manhattan Co.

US Senator John McCain 'not expected' to return to work
Among those who spoke out against this move was most senior GOP senator Orrin Hatch , who's leaving office this year. Trump told Washington radio station WMAL that "people have to be careful because at some point I fight back".

Sinclair Broadcast Group, Inc. Denali Advisors Llc holds 0% or 20 shares in its portfolio. Blackrock Inc. owns 15,074 shares or 0% of their USA portfolio. Schwab Charles Investment Management Inc. grew its stake in shares of Tribune Media by 8.3% in the fourth quarter.

While Compton would have obvious value to Sinclair as a lure to Hannity, his presence at Fox News has an equally clear appeal, as someone who would help ensure that conservative media's biggest star stays happy and in the fold.

Sinclair's quarterly results were decidedly mixed. During the same period in the previous year, the firm earned $0.85 EPS. equities research analysts forecast that Tribune Media will post 2.1 earnings per share for the current fiscal year. Therefore 100% are positive. The stock has "Outperform" rating by Wedbush on Thursday, February 23. The rating was maintained by RBC Capital Markets with "Buy" on Tuesday, September 26.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related News:

  • Nationwide alert test messages coming to cellphones on Wednesday

    Nationwide alert test messages coming to cellphones on Wednesday

    On Monday tests were scheduled for Quebec and Ontario, however the Quebec test failed due to a coding error. Television and radio alerts can be broadcast up to five times per year.
    New York Solicitor General Will Succeed Eric Schneiderman

    New York Solicitor General Will Succeed Eric Schneiderman

    The women accusing Schneiderman said seeing him speak out on these issues was part of what prompted them to come forward. Before the night was through, Schneiderman announced he would resign from his office at the close of business on Tuesday.
    QB Joe Burrow leaving Ohio State as graduate transfer

    QB Joe Burrow leaving Ohio State as graduate transfer

    Although coach Urban Meyer didn't declare a front-runner for the job, both he and Burrow admitted decisions would need to be made. Haskins helped guide Ohio State to a win at MI after Barrett was injured in the third quarter of that game.
  • Mets trade former ace Harvey to Reds Mesoraco

    The New York Mets are based in the New York City borough of Queens. "After talking to them (the Mets' staff), I understand". First career start: ✅ First career hit: ✅ First salt and pepper: ✅ @pjconlon29 is #ReadyToGo .
    Phil: Tiger in prime played best golf ever

    Phil: Tiger in prime played best golf ever

    After a long pause, the same reporter followed up, telling Woods he's only one up on Mickelson "head-to-head". Woods, 42, and Mickelson, 47, have combined to win 19 major championships and a total of 122 PGA Tour titles.
    Valeant tries to leave the past behind with name change, shares surge

    Valeant tries to leave the past behind with name change, shares surge

    Mizuho downgraded Valeant Pharmaceuticals International, Inc . (NYSE: VRX ) has risen 42.00% since May 9, 2017 and is uptrending. Want to see what other hedge funds are holding VRX? The company was maintained on Thursday, March 8 by Susquehanna.
  • 'Rebel' judge declined the SCBA invite for farewell function

    'Rebel' judge declined the SCBA invite for farewell function

    As a member of the collegium, Justice Chelameswar was a signatory to its recommendation to appoint Uttarakhand Chief Justice K.M. It also said he was from Kerala, which is already represented, and that that there were no judges from Dalit backgrounds.
    Excellent! Keanu Reeves and Alex Winter will return for 'Bill & Ted 3'

    Excellent! Keanu Reeves and Alex Winter will return for 'Bill & Ted 3'

    This is incredible news for anyone who grew up watching Excellent Adventure and Bogus Journey on repeat via VHS. Bodacious! "Bill & Ted" are returning for a third chapter, 29 years after "Bill & Ted's Excellent Adventure ".
    Who's who in the Cannes film festival jury

    Who's who in the Cannes film festival jury

    After years of spotless red carpets, Cannes Film Festival 2018 opens with a rather political affair on Tuesday. But Blanchett said the increased awareness of women's issues would have "no direct impact" on who wins.
  • Barcelona Tells Atletico Madrid It Will Meet Griezmann's €100M Buyout Clause

    Barcelona Tells Atletico Madrid It Will Meet Griezmann's €100M Buyout Clause

    "With ( Atletico Madrid President Enrique) Cerezo I have spoken about a lot of things, but not about this". But no federation has called me to tell me not to play a player and I have not asked for anything.
    Blue Jays pitcher Roberto Osuna has been arrested

    Blue Jays pitcher Roberto Osuna has been arrested

    Even if criminal charges against Osuna are ultimately dropped, Major League Baseball can still levy punishment against him. Osuna, 23, is in his fourth season with the Blue Jays, and has collected nine saves while posting a 2.93 ERA this season.
    Boom! Lords land serious blow to government on single market

    Boom! Lords land serious blow to government on single market

    The government opposed the change even though what it calls for is quite similar to what May has herself proposed. Pressure from the upper house will increase the chance parliament will get a vote on the final deal.


Most liked

Saudis will seek nuclear weapon if Iran does: minister
Saudi Arabia now pumps around 10 million bpd, but has capacity of around 12 million bpd - a surplus of two million bpd. Members of Iranian parliament struck a similar tone, burning a US flag and chanting "death to America".

Dennis Kucinich Concedes To Richard Cordray In Democratic Race For Ohio Governor
On health care , he said Kucinich "has a supposed plan but has never said how he would pay for it or how it would work". Veteran Republican Ohio congressman Steve Chabot (SHAH'-but) has won his party's nomination as he seeks a 12th term.

AAA Michigan: Statewide average gas prices unchanged
If in the end crude oil remains at $68-$70/bbl, prices will not be that much more expensive this summer than they are now. DeHaan said if this did cause prices to go up, "it could be" long term depending on the long term response to Iran.

Legendary Manchester United manager Sir Alex Ferguson out of intensive care
Speaking on Wednesday at a press conference, Mourinho said: "His family asked for privacy and that's what I am going to respect. ARSENE WENGER is overjoyed at the news that Sir Alex Ferguson is out of intensive care after his brain haemorrhage operation.

New Orleans area high schools land top 4 spots in Louisiana rankings
The school offers a variety of honors and Advanced Placement courses, including computer science, physics and foreign language. All other Jackson County high school were listed among the remainder of the unranked state high schools in alphabetical order.

Ramos Misses Penalty As Sevilla Edge Out Ronaldo-less Madrid
Sevilla defeated Real Madrid 3-2 in their La Liga match on Wednesday as Zinedine Zidane's men stumbled in Sanchez Pizjuan. The visitors were without the injured Cristiano Ronaldo and went behind to Wissam Ben Yedder's opener after 26 minutes.

Iranian Lawmakers Set US Flag Ablaze At Parliament
He noted that in general, he opposes Prime Minister Benjamin Netanyahu and "doesn't believe a word that comes out of his mouth". To pressure allies, the USA intends to apply "secondary sanctions" on non-American firms that do business with Iran .

Israel hits dozens of 'Iranian' targets in Syria after rocket fire
The rocket fire came after Israel's military said Iranian forces in Syria had shelled an Israeli outpost near the border. Israeli war planes were targeting Syrian territories with rockets early on Thursday for the second time in the week.

Mariners' Paxton has no-hitter through 8
Left-fielder Ben Gamel helped out by catching a deep fly ball at the warning track for the first out of the eighth. Paxton struck out seven, walked three and benefited from an outstanding play by third baseman Kyle Seager .

Elon Musk appeared at the Met Gala with a new girl
Musk also tweeted a link to Grimes's music video for " Venus Fly " and declared it the best he has seen in a while. Singer Grimes has reportedly been quietly dating her Met Gala date Elon Musk after meeting him online a month ago.

Chelsea close on top four with win over Liverpool
We have to do our part and win the two games we have left and wait for one of the other teams to lose one game and get there. Conte also praised match-winner Giroud for the impact he has had since arriving from Arsenal in January.

China vice premier to visit U.S. for trade talks
US officials traveled to Beijing last week for talks on resolving the dispute between the world's two biggest economies. Consequently, the trade surplus totalled USD28.8 billion in April, above the expected level of USD27.75 billion.

Kristen Stewart Attends a Cannes Jury Dinner
When asked what it means to be a woman filmmaker during these times of change, she is quick to answer with grace. And he has brought Star Warsback to Cannes for the megawatt premiere of Solo: A Star Wars Story .

Johnny Manziel hospitalized in Houston area after reaction to bipolar medication
Manziel revealed earlier this year he suffers from bipolar disorder and said he was taking medication for the condition. For now, Manziel is doing fine and it appears as if the hospitalization was simply more of a precautionary measure.

Stanley Cup's Official Twitter Cleverly Jabs Penguins After Loss To Capitals
So has his team, one that knows as giddy as they felt in the middle of a quiet PPG Paints Arena, much work remains to be done. After splitting the first two games of the series, Washington took a 2-1 series lead with a 4-3 road win in Game Three.