WASHINGTON, Oct 30- Media General Inc has won U.S. antitrust approval to buy LIN Media LLC after agreeing to divest television stations in five markets, the Justice Department said on Thursday. To win government approval for the deal, the companies agreed to sell one station in Birmingham, Alabama, two in Savannah, Georgia, one near Alabama's border with Florida, one...
Media General said it would buy LIN Media for $1.6 billion to create a broadcaster reaching nearly a quarter of U.S. households with a television.
Some of the names on the move ahead of the open.
Warren Buffett's Berkshire Hathaway has eliminated almost all of its stakes in Johnson & Johnson and General Electric.
Among the earnings stories for Wednesday, Oct. 17, from The Associated Press:. _ Medical device maker St. Jude Medical Inc. reported third-quarter earnings that beat expectations, though company shares slumped as the executives warned that the company could receive a regulatory warning over a California manufacturing plant.
RICHMOND, Va.-- Television and digital media company Media General Inc. said Wednesday that its third-quarter net loss widened because of higher expenses, but revenue grew sharply thanks to an increase in political advertising and the Olympics. Media General owns 18 broadcast TV stations, including NBC and CBS network affiliates.
*Canaccord Genuity cuts Meg Energy Corp price target to C $55 from. *Canaccord Genuity cuts Baytex Energy Corp price target to C $56 from. Reuters Station users, click. 1568.
Oct 9- Meg Energy Corp:. *Bmo raises Meg Energy Corp price target to C $52 from C $48. Reuters Station users, click. 1568.
TV broadcaster Media General has signed an agreement to sell the Tampa Tribune, which will complete the company's planned sale of its newspaper assets. --We are raising our corporate credit rating on Media General to' B-' from' CCC+'. Rating Action On Oct. 8, 2012, Standard& Poor's Ratings Services raised its rating on Richmond, Va.- based Media General Inc..
Oct 8- Media General Inc exited its nearly two-centuries-old newspaper business by selling the Tampa Tribune, and raised its revenue forecast for political advertising on its TV stations due to stronger-than-anticipated demand in key election battlegrounds.
Oct 8- Media General Inc said it has sold its last newspaper, the Tampa Tribune, and raised its full-year revenue forecast for political advertising on its TV stations due to stronger-than-anticipated demand in key election battlegrounds.
TAMPA, Fla.-- A private equity investment group has bought The Tampa Tribune newspaper from Media General Inc. for $9.5 million, the newspaper reported Monday.
*Barclays raises Anadarko Petroleum Corp price target to $85 from $84;. rating overweight* Barclays cuts Apache Corp price target to $116 from $117; rating overweight. *Barclays raises Devon Energy Corp price target to $67 from $66;.