A devastating drop in the stock of a struggling satellite company has put a spotlight on a pair of shareholders who partly escaped the carnage.Intelsat, a Luxembourg-based satellite operator that provides TV and radio communications, has seen its shares plunge more than 85 percent as its plan to bag a windfall by selling its rights to valuable US airwaves has fizzled.Last week, the Federal Communications Commission voted 3-2 to hold a public auction for the airwaves — scuttling Intelsat’s hopes for a more lucrative private sale — as the US looks to use the spectrum for an accelerated,...…A devastating drop in the stock of a struggling satellite company has put a spotlight on a pair of shareholders who partly escaped the carnage.Intelsat, a Luxembourg-based satellite operator that provides TV and radio communications, has seen its shares plunge more than 85 percent as its plan to bag a windfall by selling its rights to valuable US airwaves has fizzled.Last week, the Federal Communications Commission voted 3-2 to hold a public auction for the airwaves — scuttling Intelsat’s hopes for a more lucrative private sale — as the US looks to use the spectrum for an accelerated,...WW…

AMC Entertainment CEO Adam Aron has wowed corporate America with his unusual plan to keep the pandemic-plagued theater chain afloat by selling loads of stock to small investors. Ticker Security Last Change Change % AMC ENTERTAINMENT 10.22 +0.50 +5.14% But getting on the right side of the “Reddit rally” wasn’t always easy and sometimes required Aron to clash with his powerful Wall Street allies, including his friends at private equity giant Apollo Global Management, sources said. AMC, which is the nation’s largest theater chain, said on Jan. 25 that it had raised...…AMC Entertainment CEO Adam Aron has wowed corporate America with his unusual plan to keep the pandemic-plagued theater chain afloat by selling loads of stock to small investors. Ticker Security Last Change Change % AMC ENTERTAINMENT 10.22 +0.50 +5.14% But getting on the right side of the “Reddit rally” wasn’t always easy and sometimes required Aron to clash with his powerful Wall Street allies, including his friends at private equity giant Apollo Global Management, sources said. AMC, which is the nation’s largest theater chain, said on Jan. 25 that it had raised...WW…

Thanks for contacting us. We've received your submission.Sinclair Broadcast Group and casino operator Bally’s Corp. are teaming up to bet big on sports gambling, The Post has learned.The two companies just signed a deal for Sinclair to rename its 21 sports networks Bally Sports, source said.Bally’s, which owns Bally’s Atlantic City Hotel & Casino, will pay Sinclair $85 million over a 10-year period for the naming rights, giving it exclusive access to fans of 42 major teams, including the Arizona Diamondbacks, the Detroit Tigers, the Tampa Bay Rays and the Kansas City Royals, sources...…Thanks for contacting us. We've received your submission.Sinclair Broadcast Group and casino operator Bally’s Corp. are teaming up to bet big on sports gambling, The Post has learned.The two companies just signed a deal for Sinclair to rename its 21 sports networks Bally Sports, source said.Bally’s, which owns Bally’s Atlantic City Hotel & Casino, will pay Sinclair $85 million over a 10-year period for the naming rights, giving it exclusive access to fans of 42 major teams, including the Arizona Diamondbacks, the Detroit Tigers, the Tampa Bay Rays and the Kansas City Royals, sources...WW…

Bill de Blasio has privately told Major League Baseball that he will do everything he can to stop Steve Cohen from buying the Mets.The Post has learned that Hizzoner called MLB commissioner Rob Manfred earlier this month and told him outright that he opposed the idea of a hedge-fund billionaire buying a local team and would be using his oversight power of the city’s control of the Citi Field lease to prevent the sale from being finalized.A source inside City Hall confirmed to The Post that de Blasio did call Manfred, but said the mayor’s message to the MLB commish was “very close to what...…Bill de Blasio has privately told Major League Baseball that he will do everything he can to stop Steve Cohen from buying the Mets.The Post has learned that Hizzoner called MLB commissioner Rob Manfred earlier this month and told him outright that he opposed the idea of a hedge-fund billionaire buying a local team and would be using his oversight power of the city’s control of the Citi Field lease to prevent the sale from being finalized.A source inside City Hall confirmed to The Post that de Blasio did call Manfred, but said the mayor’s message to the MLB commish was “very close to what...WW…