January 10, 2018 / 5:19 PM / a year ago

BUZZ-Sinclair: Jumps on deal to sell TV stations for Tribune deal nod

** TV broadcaster’s shares jump as much as 11.2 pct to a more-than-8-month high of $39.60

** Sinclair Broadcast in deal to sell Twenty-First Century Fox about 10 TV stations, sources tell Reuters

** Deal to help Sinclair win regulatory approval for its deal to buy Tribune Media Co, sources tell Reuters

** TRCO up nearly 2 pct, set for its best one-day pct gain since mid June; SBGI last up 5.6 pct, set for best day in two months

** Channels being sold will include some in key NFL markets, which will help Fox earn more ads for its NFL broadcast rights

** Source says Fox-Sinclair talks started even before Fox engaged in talks with Disney; Fox down 1.1 pct (Reporting by Arjun Panchadar in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below