Sinclair Inc

Sinclair Broadcast Group, Inc. is a media company engaged in the provision of local sports and news. It operates through the following segments: Broadcast, Local Sports, and Others. The Broadcast segment consists of television stations which offer programming and operating services, and sales and other non-programming operating services. The Local Sports segment consists of regional sports networks, the Marquee Sports Network, Yankee Entertainment, and Sports Network LLC. The company was founded by Julian Sinclair Smith in 1986 and is headquartered in Hunt Valley, MD.

Earnings data Q1 2021

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Sinclair Inc reports record revenues in 2022, eyes technology investments

Sinclair Inc's Q4 2022 earnings call highlighted strong financial performance, strategic investments in technology, and a focus on sustainability. Challenges include declines in net retrans growth and negotiations with CBS stations. Opportunities exist in political ad revenue, distribution renewals, and deleveraging through buybacks.

Sinclair Inc (SBGI) reports strong Q1 performance and eyes growth opportunities

Sinclair Inc (SBGI) showcased strong financial and operational performance in Q1 2023, driven by robust media revenues and strategic advancements in key assets.
While facing challenges from industry uncertainties and leverage changes, Sinclair's reorganization and technology investments position it well for future growth.
Opportunities lie in FCC initiatives, leverage reduction plans, subscriber repricing, and strong local ad performance, offering avenues for revenue enhancement.
Overall, Sinclair's focus on innovation, strategic growth, and revenue diversification underscores its resilience and potential for sustained success in the market.

Sinclair Inc exceeds Q2 expectations, eyes growth in political advertising

Sinclair Inc's Q2 2023 performance showcased resilience in revenue generation and cost management, with the Local Media segment contributing significantly to adjusted EBITDA.
Despite challenges in programming exclusivity and fundraising, the company's strengths in community relevance and strategic partnerships position it well for future growth opportunities.
Opportunities in political advertising, technology investments, and debt reduction strategies present avenues for Sinclair to drive revenue growth and enhance shareholder value.

Sinclair Inc surpasses Q3 expectations, eyes record political ad revenues

Sinclair Inc (SBGI) delivered strong financial results in Q3 2023, exceeding guidance and showcasing resilience in a competitive market.
The company's focus on local media transformation, strategic pillars, and diversified revenue streams underpin its growth trajectory.
While facing challenges in navigating industry dynamics and managing debt reduction, Sinclair is well-positioned to capitalize on opportunities in political ad spending and digital advertising.
Overall, Sinclair's innovative initiatives, commitment to operational excellence, and strategic investments position it for sustainable growth and value creation.

Sinclair Inc reports solid Q4 results and eyes growth in 2024

Sinclair Inc's Q4 earnings call highlighted strong performance, diverse strengths, key challenges, and promising opportunities for growth in 2024.
The company's focus on industry leadership, financial stability, and strategic growth drivers positions it well for the future amidst evolving market dynamics.
By addressing challenges, leveraging strengths, and seizing growth opportunities, Sinclair Inc aims to maintain its competitive edge and drive value for stakeholders.

Sinclair Inc reports strong Q1 results and focuses on debt reduction for future growth

Sinclair Inc (SBGI) showcased strong Q1 performance, with a focus on debt reduction and shareholder returns.
The company faces challenges from subscriber churn and interest rate impacts but is poised for revenue growth opportunities.
Opportunities lie in political revenues, asset monetizations, and diversified sales approaches for future financial strength.
Strategic investments in core advertising, debt reduction, and asset monetizations position Sinclair for sustained growth and profitability.

Sinclair Inc reports robust Q2 results, eyes growth opportunities ahead

Sinclair Inc (SBGI) delivered strong Q2 financial results, with revenue meeting expectations and adjusted EBITDA exceeding guidance. The company's emphasis on Local Media Broadcast assets and broadcast television's value showcases its market positioning and revenue potential.
Despite facing challenges in maintaining advertising growth and adapting to changing media dynamics, Sinclair Inc's strong performance and diversified revenue streams provide a solid foundation for future growth. The company's focus on trust in local news and revenue diversification highlights strategic priorities for sustained success.
With opportunities to leverage its assets for national reach, capitalize on live sports programming, and explore new revenue streams, Sinclair Inc is well-positioned for growth. By embracing digital integration and innovative strategies, the company can navigate challenges and drive long-term success in the evolving media landscape.

Sinclair Inc. reports solid Q3 results, eyes industry consolidation opportunities

Sinclair Inc. delivered solid Q3 results with record political ad revenues and growth in core advertising and distribution revenues.
The company faces challenges from late political ad cancellations impacting revenues and an expected decline in core advertising for Q4.
Opportunities lie in industry consolidation, M&A activities, debt management, and diversification through new product launches.
Sinclair remains focused on reducing leverage, exploring growth opportunities, and maximizing efficiencies in debt management for future success.

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Sinclair, Inc. is a media company that engages in providing content on local television stations and digital platforms. It also owns digital media products that are complementary to their extensive portfolio. It operates through the Local Media and Tennis segments. The company was founded by Julian Sinclair Smith in 1971 and is headquartered in Hunt Valley, MD.

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group today announced the company has launched Sinclair Cares: Ukraine Relief, a fundraising partnership with Global Red Cross to help with their humanitarian relief efforts on the ground in Ukraine and neighboring countries. According to the UN Human Rights Council, more than three million people have fled Ukraine and an estimated 18 million — a third of the country's population —need humanitarian assistance. Beginning today, www.SinclairCares.com

Sinclair Broadcast Group Partners with Global Red Cross to Raise Funds for Ukraine

FLINT, Mich.--(BUSINESS WIRE)--Flint's leading television stations today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes WJRT-TV (ABC), WNEM-TV (CBS), WSMH (FOX), WEYI-TV (NBC) and WBSF (CW). Based on the same fundamental technology as the Internet and digital apps, NextGen TV can support a wide range of features that are currently in development. In addition to providing a new, improved way for broadcasters to reach viewers with adv

Major Broadcasters Launch NextGen TV on Five Local Television Stations in Flint, MI

FLINT, Mich.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Rebecka Butcher has been named Vice President/General Manager of WSMH (FOX) in Flint, MI. Butcher will also be responsible for oversight of providing services to WEYI (NBC) and WBSF (CW). Butcher, who served as VP and General Manager of WEYI/WBSF from 2008-2015, returns to the stations from Adams Outdoor Advertising, where she most recently served as the General Sales Manager. Butcher spent 17 years at

Sinclair Broadcast Group Names Rebecka Butcher Vice President/General Manager in Flint, MI

Nexstar Media Group

CHARLESTON, S.C.--(BUSINESS WIRE)--Charleston's leading television stations today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes WCIV (ABC), WCSC-TV (CBS), WTAT-TV (FOX), WCBD-TV (NBC) and WGWG (H&I). Based on the same fundamental technology as the Internet and digital apps, NextGen TV can support a wide range of features that are currently in development. In addition to providing a new, improved way for broadcasters to reach vi

Major Broadcasters Launch NextGen TV on Five Local Television Stations in Charleston, SC

HUNT VALLEY, Md.--(BUSINESS WIRE)--ONE Media 3.0, Sinclair Broadcast Group's subsidiary dedicated to the deployment of advanced broadcast capabilities, announced today a three-part webinar series tackling the intricacies of Advanced Emergency Information powered by the NextGen Broadcast standard – ATSC 3.0. To be held virtually on consecutive Tuesdays in March (March 15, 22, 29 at 1:00 PM EST), the webinar series will take a deep dive into the new capabilities to warn and inform consumers of ur

Webinar Series: NextGen Broadcast – Advanced Emergency Information

BALTIMORE--(BUSINESS WIRE)--The National Desk (“TND”), Sinclair Broadcast Group's national news program providing real-time national and regional news from across Sinclair's television stations, today announced The National Desk will be adding a weekend edition. Beginning Saturday, March 5, the 60-minute newscast will air weekends with content from TND's morning and evening newscasts, with a comprehensive, commentary-free look at the most impactful national and regional stories of the week. TND

Sinclair Broadcast Group's The National Desk Announces Weekend Edition Launching Across US on March 5

New York, New York--(Newsfile Corp. - March 2, 2022) - Pomerantz LLP is investigating claims on behalf of investors of Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (NASDAQ: SBGI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Sinclair and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sinclair Broadcast Group, Inc. - SBGI

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), a diversified media company and a leader in local news and sports, announced the following promotions. Sinclair Broadcast Group Del Parks to President of Technology from EVP/Chief Technology Officer Mike Kralec to SVP, Chief Technology Officer from VP, Technical Operations and Deputy Chief Technology Officer Jason Smith to Head of New Media Enterprises from VP, Chief of Staff to President of Broadcast Skip Flenniken to V

Sinclair Announces Promotions

BALTIMORE--(BUSINESS WIRE)--Diamond Sports Group, LLC (“DSG” or the “Company”), a wholly-owned subsidiary of Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) (“Sinclair”), today announced that it has completed a series of transactions (the “Transaction”), which are expected to provide the Company with approximately $1.0 billion of liquidity enhancement over the next five years and enable the Company to strengthen its balance sheet and better position itself for long-term growth. “The Transaction d

Diamond Sports Group Completes Liquidity Enhancing Transaction

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) today announced the early participation and consent results for its indirect subsidiaries, Diamond Sports Group, LLC (“Diamond Sports Group”) and Diamond Sports Finance Company (the “Co-Issuer,” and together with Diamond Sports Group, the “Issuers”), previously announced private offer to exchange (the “Exchange Offer”) any and all of the Issuers' outstanding 5.375% Senior Secured Second Lien

Sinclair Announces 99.5% Early Participation and Receipt of Requisite Notes Consents in Private Debt Exchange Offer and Consent Solicitation of Diamond Sports Group

Sprouts Farmers Markets

Sprouts Farmers Market, Inc. (SFM) CEO Jack Sinclair on Q4 2021 Results - Earnings Call Transcript

Sinclair Broadcast Group, Inc. (SBGI) CEO Chris Ripley on Q4 2021 Results - Earnings Call Transcript

Undaunted by headwinds, Sinclair Broadcast Group CEO Chris Ripley reaffirmed plans to launch direct-to-consumer streaming versions of the regional sports networks controlled by the company. “We think it's going to do great things in the future,” he said of Diamond Sports Group, the consortium-backed entity that operates the 21 Bally's Regional Sports Networks. “We're very...

Sinclair CEO Chris Ripley “Very Bullish” On Regional Sports Streaming, Vows “Soft Launch” In Spring; Battered Stock Drops On Soft Q4 Numbers

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on the Company's Class A and Class B common stock, an increase of 25%. The dividend is payable on March 21, 2022, to the holders of record at the close of business on March 7, 2022. Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) is a diversified media company and a leading provider of local sports and news. The Company owns and/

Sinclair Increases Quarterly Cash Dividend by 25%, Declares $0.25 Per Share

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and twelve months ended December 31, 2021. Recent Highlights: Raised quarterly dividend 25% Renewed key network and league deals Investment portfolio value reached an estimated $1.4 billion at year-end Launched recapitalization transaction to increase Diamond liquidity by approximately $1 billion over 5 years Exceeded certain key financial metric

Sinclair Reports Fourth Quarter 2021 Financial Results and Increases Quarterly Dividend 25%

BALTIMORE, Md.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Rob Weisbord has been elevated to Chief Operating Officer of the corporation and President of Broadcast. As COO, Weisbord will lead operations for the company and its owned/operated television stations, 21 regional sports network brands, national networks including Tennis Channel and Stadium, multicast networks and all digital and streaming platforms. Weisbord, who has served as the company's Presiden

Sinclair Broadcast Group Names Rob Weisbord Chief Operating Officer and President of Broadcast

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Todd Bernstein has been named Station Manager of WJLA-ABC7 and WJLA-24/7 in Washington, DC. Bernstein, who is currently the station's Director of Sales, will continue reporting to Senior Vice President and General Manager, William Fanshawe. “As Director of Sales, Todd has done an outstanding job leading the department. With over twenty-five years of broadcast, digital sales and sales management experience,

Sinclair Broadcast Group Names Todd Bernstein Station Manager of WJLA in Washington, DC

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group's News Reporter Academy, an interactive workshop for college students interested in pursuing a career in news reporting, will hold its next virtual session on March 30 from Noon-3p ET / 9-12p PT. Now in its second year, the News Reporter Academy, hosted by Sinclair's award-winning corporate news operation, gives students an opportunity to learn about working in a newsroom and interact with Sinclair's industry-leading teams. In the three-hour

Sinclair Broadcast Group's News Reporter Academy Returns March 30, 2022

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) today announced its consolidated subsidiaries, Diamond Sports Group, LLC (“Diamond Sports Group”) and Diamond Sports Finance Company (together with Diamond Sports Group, the “Issuers”), have notified the trustee (“Trustee”) for the Issuers' 12.750% Senior Secured Notes due 2026 (CUSIP No. 25277LAE6 / U2527JAC9) (the “Notes”) that they intend to redeem, in full, the Issuers' outstanding $31,02

Sinclair Announces Conditional Redemption of 12.750% Notes

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) today announced its indirect subsidiaries, Diamond Sports Group, LLC (“Diamond Sports Group”) and Diamond Sports Finance Company (the “Co-Issuer,” and together with Diamond Sports Group, the “Issuers”) have commenced a private exchange offer (the “Exchange Offer”) to Eligible Holders (as defined below) of 5.375% Senior Secured Second Lien Notes due 2026 (CUSIP / ISIN 25277LAF3 / US25277LAF31;

Sinclair Announces Any and All Private Debt Exchange Offer and Consent Solicitation of 5.375% Secured Notes of Diamond Sports Group

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) will report its fourth quarter 2021 earnings results at 7:30 a.m. ET on Wednesday, February 23, 2022, followed by a conference call to discuss the results at 9:00 a.m. ET. The call will be webcast live and can be accessed at www.sbgi.net under "Investors/ Webcasts." The dial-in number for the earnings call is 888-506-0062, with entry code 451084. If you plan to participate on the conference call, please call at least two

Sinclair to Report Fourth Quarter 2021 Results on February 23, 2022 at 7:30 a.m. (Eastern Time)

Taking the lead from Sinclair Broadcast Group's subsidiary Diamond Sports Group, NBCUniversal appears to be preparing a direct-to-consumer (DTC) offering featuring its vast array of regional sports networks (RSNs).

NBCUniversal May Follow's Sinclair's Lead And Launch A DTC RSN Service

WASHINGTON--(BUSINESS WIRE)--Sinclair Broadcast Group (Nasdaq: SBGI) today announced the return of Connect to Congress, a multimedia initiative that enables Members of Congress in Sinclair's news markets to speak directly to their constituents on a regular basis, through their local TV news stations. Combining broadcast, digital, and social media technologies, Connect to Congress offers Sinclair's local market viewers new ways to get answers to questions about what matters most to them at home.

Sinclair Broadcast Group's Connect to Congress Returns, Bringing Local TV Newscasts to Capitol Hill

Digital Ally Inc

BALTIMORE--(BUSINESS WIRE)--TicketSmarter and Sinclair Sports Group, a sales division of Sinclair Broadcast Group, Inc., today announced a new, multi-year agreement for TicketSmarter to become the official ticket provider of the non-linear digital platforms for Bally Sports and Tennis Channel, and the Sinclair Broadcast Group station websites. The partnership will include TicketSmarter's live event ticket offerings being featured across Sinclair-owned websites, enabling fans to seamlessly purch

TicketSmarter and Sinclair Sports Group Enter Into Multi-Year Agreement

BALTIMORE--(BUSINESS WIRE)--Bally Sports, a division of Sinclair Broadcast Group (“Sinclair”), today announced a partnership with BetMGM, a leading sports betting and iGaming operator, to launch its networks' first sports betting program, Live on the Line, Powered by BetMGM. Airing weekdays at 12:00 PM ET across Bally Sports' 19 regional sports network brands (RSNs), the Bally Sports app and Stadium, Live on the Line, Powered by BetMGM delivers up-to-date information for the hardcore betting au

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