Kamala Harris accused Disney, Nexstar and Sinclair of caving to the Trump administration's pressure in suspending Jimmy Kimmel, warning of possible quid pro quo deals tied to pending mergers.
ChatGPT said: Sen. Elizabeth Warren accused Nexstar and Sinclair of potential corruption for blocking Jimmy Kimmel's show while seeking FCC approval from the Trump administration, escalating a political and free speech fight.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings.
However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
Stability is great, but low-volatility stocks may struggle to deliver market-beating returns over time as they sometimes underperform during bull markets.
A number of stocks jumped in the afternoon session after the Consumer Price Index (CPI) report bolstered expectations for a Federal Reserve interest rate cut despite showing persistent inflation.
Even if a company is profitable, it doesn’t always mean it’s a great investment.
Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential.
Generating cash is essential for any business, but not all cash-rich companies are great investments.
Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks.
But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.
In a landmark move set to reshape the American broadcast television landscape, Nexstar Media Group (NASDAQ: NXST) has announced its definitive agreement to acquire Tegna Inc. (NYSE: TGNA), a prominent owner of television stations, for $22.00 per share in an all-cash transaction. This colossal deal, valued at approximately $6.
Shares of media broadcasting company Sinclair (NASDAQ:SBGI) fell 3.4% in the afternoon session after the stock continued to slide amid negative sentiment following its recent disappointing second-quarter earnings report. The decline appears to be continued investor disappointment following the company's weak second-quarter financial results reported earlier in August. In the quarter, Sinclair missed analyst expectations across the board. Revenue fell 5.4% year-over-year to $784 million, and the company posted a GAAP loss of $0.91 per share, a sharp reversal from the profit reported in the same period last year.
Business services providers play a critical role for enterprises, assisting them with everything from new hardware integrations to consulting and marketing. But cutbacks in corporate spending and the threat of new AI products have kept sentiment in check,
and over the past six months, the industry has tumbled by 1.5%. This drop was discouraging since the S&P 500 returned 5.8%.
Shares of media broadcasting company Sinclair (NASDAQ:SBGI) jumped 15.8% in the morning session after it launched a comprehensive strategic review for its broadcast business, exploring a range of options that could lead to industry consolidation or a significant restructuring of its assets. The company’s board has authorized a review to evaluate acquisitions, strategic partnerships, and other business combinations. Sinclair is also considering separating its Ventures portfolio, which includes assets like the Tennis Channel, through a spin-off or other transaction. This move comes as media companies explore new strategies while audiences shift from traditional linear TV to streaming platforms. Sinclair's President & CEO, Chris Ripley, stated, “Scale wins in today's broadcast industry, and we intend to lead that consolidation,” signaling the company's aggressive stance on future growth and its intent to be a catalyst in the industry's evolution.
Let's have a look at what is happening on the US markets before the opening bell on Tuesday. Below you can find the top gainers and losers in today's pre-market session.
Media broadcasting company Sinclair (NASDAQ:SBGI) fell short of the market’s revenue expectations in Q2 CY2025, with sales falling 5.4% year on year to $784 million. Next quarter’s revenue guidance of $764 million underwhelmed, coming in 3.6% below analysts’ estimates. Its non-GAAP loss of $0.94 per share was 12.7% above analysts’ consensus estimates.
