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Huber Research Partners analyst Doug Arthur questions $TGNA how much of the cash cost in broadcasting was due to accelerated spending on new marketing initiatives. President, TEGNA Media Dave Lougee says that total expenses when factoring out programming fees, are under 5% for 1H16 and this includes spending on initiatives.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?