Hints and tips:
...The other nugget of good news for those underwriting risky corporate loans: an $8.2bn deal banks were likely to lose money on — financing the takeover of TV station operator Tegna — has been aborted now...
...Tegna is selling itself at an all-time high, buoyed by sales of ads and content to pay-TV providers. Americans still rely heavily on local TV for news....
...And banks still hold vastly more debt from financial packages backing buyouts of television ratings group Nielsen, TV broadcaster Tegna, car parts maker Tenneco and — if completed — Elon Musk’s $44bn takeover...
...They are also working to finance buyouts of the media ratings company Nielsen, TV broadcaster Tegna and car parts maker Tenneco....
...Financing for the takeovers of Nielsen, TV broadcaster Tegna and car parts maker Tenneco also remains unsold. Twitter is a massive potential landmine....
...a shopaholic (FT) ‘Blank cheque’ group Far Point agrees Global Blue acquisition (FT) Morgan Stanley raises shareholder return targets after record earnings (FT) + (Lex) Hedge fund nominates four to Tegna...
...Italian publisher GEDI drives shares up 10 per cent (Reuters) Blackstone talked with Ken Griffin’s Citadel about buying stake (WSJ) Metro to sell majority stake in Chinese business to Wumart (Reuters) Tegna...
...Talk of a deal comes less than two years after Cars.com was spun off from Tegna, the US broadcast television owner that was itself separated from publishing company Gannett....
...Local broadcast owners’ have suffered: Sinclair’s stock has lost 12 per cent this year, while EW Scripps and Tegna shares have fallen 14 per cent....
...Companies such as Sinclair, Nexstar, Tegna and EW Scripps that each own dozens of local stations see wild swings in revenue driven by the election cycle; Sinclair’s first-quarter forecast is running 60-80...
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