Up on marketing deal with Bally's Corp

Bally

19/11/2020 15:19

** Shares of television broadcaster  SBGI.O  up 14.6% at
$28.21 in early trading, their highest level in over 6 months 
    ** Company says it will partner with sports betting company
and casino operator Bally's Corp  BALY.N  to rebrand 21 Fox
regional sports networks  urn:newsml:reuters.com:*:nL4N2I50M2
    ** SBGI to take 14.9% stake in BALY, adding that it can
raise stake by another 10% if BALY meets financial targets
    ** Under deal, BALY gets marketing access to 190 SBGI
television stations             
    ** Up to Wednesday's close, stock had fallen 26% this year

 (Reporting by Eva Mathews in Bengaluru)
 ((eva.mathews@thomsonreuters.com))