Mergers among media companies, much anticipated for at least three years, may be finally unfolding as WGN owner Tribune Media and magazine publisher Time talk to potential acquirers. Shares of Tribune Media and Time were surging on Wednesday before the market open amid reports that the companies, two of the country’s oldest media operators, may be close to sales.
Category: Sinclair Broadcast Group
Wednesday Sector Leaders: Television & Radio, General Contractors & Builders
In trading on Wednesday, television & radio shares were relative leaders, up on the day by about 0.6%. Leading the group were shares of Sinclair Broadcast Group , up about 4.3% and shares of Liberty Interactive Corporation up about 4% on the day.
Wednesday Sector Leaders: Television & Radio, General Contractors & Builders
In trading on Wednesday, television & radio shares were relative leaders, up on the day by about 0.6%. Leading the group were shares of Sinclair Broadcast Group , up about 4.3% and shares of Liberty Interactive Corporation up about 4% on the day.