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Stock impact report

Broadcast station owners want to consolidate. They're struggling to get deals to the finish line [MSNBC.com]

Sinclair Broadcast Group, Inc. - Class A (SBGI) 
Last sinclair broadcast group, inc. - class a earnings: 2/26 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: sbgi.net/investor-relations
Company Research Source: MSNBC.com
In this articleThe Sinclair Broadcast Group, Inc. headquarters are seen July 17, 2024 in Cockeysville, Maryland.Kevin Dietsch | Getty ImagesThe broadcast television industry knows it needs to consolidate. It's just struggling with how to do it.In August,Nexstar Group,proposed $6.2 billion dealTegnacombinationLast week,ownerE.W. Scrippsnearly 10%Both potential deals remain in limbo, and executives are getting antsy.Companies like Sinclair and Nexstar run the affiliate stations of the major networks across the U.S. known for local news, sports and other broadcast content. They face the same headwinds as their cable and content studio counterparts — theshrinking numberBroadcast station owners remain profitable, largely from the hefty fees they receive from pay-TV distributors.About 65 million U.S. households still subscribe to a bundle of linear TV networks. Anywhere from 33% to 50% of a broadcast station group's annual revenue stems from retransmission fees — payments made to a broadca Show less Read more
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