Patriot.TV (CBMJ) growth exceeds Disney (DIS), Paramount Global (PARA), Comcast (CMCSA), Newsmax (NMAX), Sinclair (SBGI), Warner Bros. Discovery (WBD), and Fox Corp. (FOX). ...

BALTIMORE--(BUSINESS WIRE)--Sinclair's free, over-the-air multicast networks CHARGE, Comet and ROAR delivered exceptional ratings performance throughout November, driven by a combination of hit programming, franchise expansions, broadened national distribution, upgraded channel positions, and increased household reach across key DMAs. Across the month, each network delivered standout viewership gains. Supported by continuous national footprint expansion, including upgraded broadcast positions,. ...

About Sinclair: Sinclair, Inc. is a diversified media company and a leading provider of local news and sports. The Company owns, operates and/or provides services to 179 television stations in 81 markets affiliated with all major broadcast networks; and owns Tennis Channel, the premium destination for tennis enthusiasts, and multicast networks CHARGE, Comet, ROAR and The Nest. Sinclair's AMP Media produces a growing portfolio of digital content and original podcasts. Additional information about Sinclair ca ...

U.S. broadcaster E.W. Scripps' board on Tuesday unanimously rejected Sinclair's $622 million acquisition proposal, saying it was not in the best interests of the company and its shareholders. ...

Local TV station owner E.W. Scripps said Tuesday that its board of directors has rejected an unsolicited takeover bid by larger rival Sinclair Inc. Scripps, whose assets also include the Ion broadcast network, said the board’s decision was unanimous. It followed Sinclair’s disclosure last month that it had taken an 8.2% stake in the company and offered to acquire the rest of its stock in a $7-a-share deal comprised of cash and stock. “The board is committed to acting in the best interests of all Scripps sh ...

Scripps said its board voted unanimously against the proposal, deciding it wasn't in the best interest of the company and its shareholders. ...

Core Viewpoint - The broadcast television industry is facing pressure to consolidate due to declining pay-TV subscriptions and the rise of streaming services, with companies like Sinclair and Nexstar actively pursuing mergers to enhance profitability and negotiating power [1][5][6]. Group 1: Industry Dynamics - Nexstar Media Group announced a proposed $6.2 billion acquisition of Tegna, which would combine over 260 broadcast stations across the U.S. [1] - Sinclair Broadcast Group made a hostile offer to acquire E.W. Scripps after acquiring nearly 10% of the company [2][11]. - Broadcast station owners are experiencing profitability challenges as the number of traditional pay-TV subscribers decreases, with retransmission fees accounting for 33% to 50% of their annual revenue [4][5]. Group 2: Consolidation Efforts - The need for consolidation among broadcast station owners is driven by the desire to cut duplicate costs and increase scale, especially as major media companies plan their own mergers [6][21]. - Sinclair has been seeking acquisition targets for nearly a year and has engaged in discussions with potential partners, including Gray Media and Scripps [8][9][11]. - Sinclair's acquisition discussions with Scripps faced complications due to governance and cultural issues, particularly regarding the conservative politics of Sinclair's controlling family [14][15]. Group 3: Regulatory Environment - The FCC currently restricts any one company from owning broadcast stations that reach more than 39% of U.S. TV households, which poses a challenge for Nexstar's acquisition of Tegna [21][22]. - Sinclair believes its proposed merger with Scripps would easily gain regulatory approval, while Nexstar's deal may require lifting or waivers of existing FCC rules [22][23]. - The Department of Justice has been slow in approving deals in the industry, adding another layer of complexity to potential mergers [25]. Group 4: Market Reactions - Scripps adopted a shareholder rights plan, or "poison pill," in response to Sinclair's acquisition proposal, aiming to protect shareholder value [16][17]. - Concerns have been raised about potential insider trading related to Sinclair's stock purchases of Scripps, given the nondisclosure agreement signed during early deal discussions [18][20]. - Industry advocates argue that lifting ownership caps would allow local broadcasters to invest in journalism and compete effectively in the evolving media landscape [30].

Market Overview - The stock market is experiencing a rebound, with the Dow rising by approximately 0.33% (about 160 points), the S&P 500 up by about 0.33%, and the Nasdaq increasing by about 0.25% ahead of the Thanksgiving holiday [1] - Large-cap tech stocks are showing mixed performance, with Alphabet down by 1% and Nvidia rising, indicating sector volatility [1] - Utilities and energy sectors are performing well, while consumer discretionary and communications services are lagging, with healthcare being the best performer this quarter [1] Federal Reserve and Economic Outlook - Markets are pricing in a potential rate cut in December, with Kevin Hasset emerging as a front-runner to replace current Fed Chair Jerome Powell [1][2] - Economic growth is expected to pick up in 2026, with GDP growth projected to be slightly below trend this year but improving due to tax season benefits for mid to lower-end consumers [1][2] - AI spending is estimated to contribute about 1.5% to GDP, accounting for approximately 25% of current GDP growth, indicating its importance but not suggesting a bubble [1][2] Consumer Spending and Holiday Shopping - A new survey indicates that 41% of consumers plan to do most of their holiday shopping between Thanksgiving and Cyber Monday, with 29% of holiday budgets already spent by November 1st [2][3] - Despite a cautious consumer sentiment, actual spending is anticipated to increase by 3-4% year-over-year during the holiday season, driven by discounts and promotions [2][3] - The spending behavior varies by income cohort, with lower to middle-income consumers trading down and seeking discounts, while higher-income consumers continue to spend significantly [2][3] Retail Sector Insights - Retailers like Abercrombie, Steve Madden, and TJX are expected to perform well during the holiday season due to product innovation and effective management of tariffs [4][5] - The retail market is experiencing a bifurcation, with lower-income consumers being more cautious while higher-income consumers are maintaining spending levels [4][5] - Gen Z and baby boomers are projected to be significant spenders, with Gen Z showing a shift towards in-store shopping despite initial plans to cut back [4][5] Technology Sector Developments - Alphabet's stock is nearing a $4 trillion market cap following the successful launch of its Gemini 3 AI model, outperforming other tech stocks [6] - Meta is reportedly in talks with Google to spend billions on Google's chips and data centers, indicating strong demand for AI-related technologies [6] - Analysts suggest that the market is currently favoring Google, but there may be better investment opportunities in companies like Meta and Oracle, which have been oversold [6]

Core Viewpoint - Sinclair, Inc. (SBGI) has reached a significant support level and is considered a potential investment opportunity due to a recent "golden cross" technical indicator, suggesting a bullish breakout [1][3]. Technical Analysis - SBGI's 50-day simple moving average has recently crossed above its 200-day moving average, indicating a "golden cross" which is a bullish signal [1]. - A successful golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer moving average, and the stock maintains upward momentum [2]. Stock Performance - Over the past four weeks, SBGI shares have increased by 19%, indicating positive momentum [3]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for further breakout [3]. Earnings Expectations - There have been two upward revisions in earnings expectations for the current quarter, with no downward revisions in the past 60 days, which supports the bullish outlook [3]. - The Zacks Consensus Estimate for SBGI has also moved upward, reinforcing investor confidence in the stock's positive trend [3]. Investment Consideration - Given the important technical indicator and the positive movement in earnings estimates, SBGI should be considered for investors' watchlists [5].

Core Viewpoint - U.S. broadcaster Sinclair has proposed a cash-and-stock acquisition of E.W. Scripps, valuing the smaller competitor at $538 million, amid industry challenges from cord-cutting and increased competition from streaming services [1] Company Summary - Sinclair's acquisition offer includes both cash and stock components, indicating a strategic move to consolidate its position in the broadcasting industry [1] - E.W. Scripps is being valued at $538 million, reflecting the financial pressures and competitive landscape faced by traditional broadcasters [1] Industry Summary - The broadcasting industry is experiencing significant disruption due to cord-cutting trends, where consumers are moving away from traditional cable subscriptions [1] - Increased competition from streaming services is further intensifying the challenges for traditional broadcasters, prompting consolidation efforts like Sinclair's acquisition proposal [1]