01.03.2017 18:51:48
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Tribune Media Posting Strong Gain On Possible Combination With Sinclair
(RTTNews) - After rising sharply in early trading, shares of Tribune Media (TRCO) continue to see significant strength in afternoon trading on Wednesday. Tribune is currently up by 7.5 percent after reaching a nearly eight-month intraday high.
While Tribune reported weaker than expected fourth quarter results, the broadcasting company has benefited from a report from Reuters indicating Sinclair Broadcasting (SBGI) is interested in a possible combination.
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