Sinclair Broadcast (SBGI) Announces DISH Network (DISH) Termination Date
Tweet
Share
E-mailGet Alerts SBGI Hot Sheet
Price: $11.96 +1.36%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 8%
EPS Growth %: -777.2%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 8%
EPS Growth %: -777.2%
Join SI Premium – FREE
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), reports that its retransmission consent agreement with Dish Network (Nasdaq: DISH), pursuant to which Dish carries 70 stations Sinclair owns or provides services to, is scheduled to terminate at midnight on Wednesday, August 15, 2012.
Although Sinclair is continuing to negotiate with Dish over the terms of a new agreement, Sinclair believes significant doubt exists as to whether or not a new agreement will be reached with Dish. In this event, Dish will discontinue carriage of these stations beginning at 12:01 a.m. on Thursday, August 16, 2012.
Although Sinclair is continuing to negotiate with Dish over the terms of a new agreement, Sinclair believes significant doubt exists as to whether or not a new agreement will be reached with Dish. In this event, Dish will discontinue carriage of these stations beginning at 12:01 a.m. on Thursday, August 16, 2012.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Morgan Stanley CEO: investment banking momentum is building - Conference Call
- Lexaria Bioscience (LEXX) Receives Approval to Begin New GLP-1 Study
- Toronto-Dominion Bank (TD) Appoints Matt Boss as Head of U.S. Consumer Banking
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
