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The market is undergoing enormous consolidation, with a few station giants including Gray, Sinclair, Nexstar, Meredith and Byron Allen’s Entertainment Studios as buyers.
The local television business is a hot commodity again. With the 2020 election (and the advertising windfall that accompanied it) in the rearview mirror, owners of local TV stations are once again weighing to get bigger, or sell to the highest bidder.
The first major deal of 2021 comes via Gray Television, led by CEO Hilton Howell Jr., which announced a $925 million deal to acquire Quincy Media, led by president and CEO Ralph M. Oakley, a regional station owner that mostly operates in the Midwest United States.
Shares of Fubotv Inc. (NYSE: FUBO) have seen three strong sessions, and at one point Monday, shares of the new streaming service were up as much as 18%.
The stock was giving back some of the gains at last check Tuesday, trading down 4.33% at $39.09.
The 2020 Super Bowl brought in just under. Read More.
Jim Cramer isn t the biggest fan of AT&T Inc. (NYSE: T) s decision to pursue an acquisition of Time Warner Inc (NYSE: TWX). For starters, Cramer said that if he were a shareholder of AT&T, it would be to capture the 5 percent dividend yield. However, the price tag on its. Read More.
The British people will vote next week in a national election to decide the country s fate within the European Union.
The vote, dubbed Brexit, will ask the people if they want Britain to remain a member of the European Union or not. Recent polls suggest a vote to leave the EU is currently winning. Read More.