After a calm start to the day, Sinclair Broadcast Group (NASDAQ:SBGI) settled into a 2.9% decline to follow up on its double-digit loss yesterday, a reaction to a possible merger-killing decision by FCC Chairman Ajit Pai.

Tribune Media has given back some of the morning's rebound, now up 3%.

There's a mix of opinions on Tribune Media today. Stephens upgraded to Overweight and set a $41 price target; that implies 24% upside from current pricing.

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