Year: 2018

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Roku's plan to take on Amazon and Netflix seems to be working — and the stock just hit a record high (NFLX, AMZN, ROKU)

August 9, 2018 admin Comments Off on Roku's plan to take on Amazon and Netflix seems to be working — and the stock just hit a record high (NFLX, AMZN, ROKU)

Shares of Roku opened up more than 14% Thursday morning, hitting an all-time high of $54.37, after the company reported second-quarter earnings on Wednesday that blew Wall Street’s expectations out of the water. Wall Street was looking for a loss of 14.6 cents a share. Wall Street’s prior estimate was an adjusted net loss of 11.6 million for the period. …read more […]

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Tribune Media files suit, terminates Sinclair tie-up deal

August 9, 2018 admin Comments Off on Tribune Media files suit, terminates Sinclair tie-up deal

Tribune filed a lawsuit against Sinclair, the largest U.S. broadcast station owner, alleging material breach of contract 15 months after the merger was first announced. “To maintain control over stations it was obligated to sell, Sinclair engaged in unnecessarily aggressive and protracted negotiations with the Department of Justice and the FCC over regulatory requirements,” Tribune said. “Sinclair’s entire course of conduct has been in blatant violation of the merger agreement and, but for Sinclair’s actions, the transaction could have closed long ago,” the company said. …read more […]