Hints and tips:
...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...
...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....
...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...
...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...
International Edition