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.

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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.

With Sinclair's Bally Sports filing for Chapter 11, will alter the local sports business model that had been in place for decades.

Missing A Debt Payment Sinclair's Bally Sports Is On The Verge Of Bankruptcy; Upending Local Sports Revenue Model

PALM BEACH, Fla. — About $1 billion of Major League Baseball's revenue is at risk if a cable television company fails to make payments for local broadcasting rights to 14 teams, and the sport is preparing to take over telecasts.

MLB prepared to take over local TV broadcasts from Sinclair

BALTIMORE--( BUSINESS WIRE )--Sinclair Broadcast Group's free over-the-air, multicast television networks COMET, CHARGE!, and TBD continue their 2022 distribution momentum of growth and expansion into 2023 with the addition of new and upgraded local broadcast affiliates and linear carriage. The changes will increase nationwide coverage by 2.4 million TV households by the end of Q2 2023.

COMET, CHARGE! and TBD Add 2.4 Million Over-the-Air and Cable Homes

BALTIMORE--( BUSINESS WIRE )--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) will report its fourth quarter 2022 earnings results at 7:30 a.m. ET on Wednesday, February 22, 2023, followed by a conference call to discuss the results at 9:00 a.m. ET.

Sinclair to Report Fourth Quarter 2022 Results on February 22, 2023 at 7:30 A.M. (Eastern Time)

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BALTIMORE--( BUSINESS WIRE )--Sinclair Broadcast Group (Nasdaq: SBGI) today announced the company's annual Diversity Scholarship program is now accepting applications for the 2023 school year. Having provided more than $250,000 in tuition assistance since 2013, the scholarship program aims to invest in the future of the broadcast industry and help students from diverse backgrounds, who reflect Sinclair's audiences nationwide, complete their education and pursue careers in broadcast journalism, digital storytelling, and marketing.

Sinclair Broadcast Group Announces Annual Diversity Scholarship Submission for 2023, Shaping the Future of Broadcasting

WASHINGTON--( BUSINESS WIRE )--Sinclair Broadcast Group (Nasdaq: SBGI) today announced award-winning journalist Angie Moreschi has joined “Spotlight on America,” Sinclair's award-winning national investigative team.

Angie Moreschi Joins Sinclair Broadcast Group's “Spotlight on America” Investigative Team

Wilmington, Delaware--(Newsfile Corp. - January 19, 2023) - Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) on behalf of stockholders.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-sinclair-broadcast-group-inc.To contact Seth D. Rigrodsky or Gina M. Serra cost free, call or text (302) 295-5310 or email info@rl-legal.com.Rigrodsky Law, P.A.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Sinclair Broadcast Group, Inc.

SBGI has already repurchased 5.3 million shares this year for roughly $120 million, leaving $704 million on the company's authorized share repurchase program. SBGI has retired nearly 40% of its shares outstanding over the last three years.

Sinclair Broadcast: Nice Entry Point For Investors

WASHINGTON--( BUSINESS WIRE )--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Todd Bernstein has been named VP/General Manager of WJLA-ABC7 and WJLA-24/7 in Washington, DC.

Sinclair Broadcast Group Names Todd Bernstein Vice President and General Manager of WJLA in Washington, DC

PENSACOLA, Fla.--( BUSINESS WIRE )--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Cory Culleton has been named Vice President/Associate Group Manager and will be responsible for the oversight of the Raleigh NC, Pensacola FL/Mobile AL, Tallahassee FL and Gainesville FL markets. He will also continue in his role as Vice President and General Manager of WEAR/WFGX in Pensacola, FL and will continue to have oversight of providing services to WPMI/WJTC in Mobile, AL.

Sinclair Broadcast Group Names Cory Culleton VP/Associate Group Manager

HUNT VALLEY, Md.--( BUSINESS WIRE )--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), today announced that the company has completed a live, in-vehicle, demonstration of the practical application of NextGen Broadcast (ATSC 3.0) automotive services.

Sinclair, CAST.ERA, SK Telecom and Hyundai Mobis Show Live, In-Vehicle NextGen Broadcast Automotive Services

LAS VEGAS--( BUSINESS WIRE )--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) will demonstrate live infotainment delivered for connected vehicles at the ATSC booth during the CES® 2023 in Las Vegas. For more than 50 years, CES® has been the global stage for innovation. Delivered by NextGen Broadcast (ATSC 3.0), this innovative new service is a supplement to existing infotainment systems, adding new features and capabilities.

Sinclair Introduces a New Live Infotainment Service for Connected Vehicles Leveraging NextGen Broadcast Technology

BALTIMORE--( BUSINESS WIRE )--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Scott Shapiro has been elevated to Executive Vice President, Corporate Development and Strategy. In the role, Shapiro will be responsible for managing and executing large strategic investments and acquisitions and formulating and facilitating organic opportunities. He will continue to report into Chris Ripley, President & CEO of Sinclair. Previously, Shapiro served as Sinclair's Senior Vice President, Chief Development Officer, and CFO/COO of Diamond Sports Group.

Sinclair Names Scott Shapiro Executive Vice President, Corporate Development and Strategy

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CHAMPAIGN, Ill. & SPRINGFIELD-DECATUR, Ill.--( BUSINESS WIRE )--The leading television stations serving the Champaign & Springfield-Decatur television market today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes WICS and WICD, WCIA (CBS), WRSP-TV and WCCU (Fox), WAND (NBC), WBUI (CW) and WCIX (MyNet).

Major Broadcasters Launch NextGen TV on Eight Local Television Stations in Champaign and Springfield-Decatur

BIRMINGHAM, Ala.--( BUSINESS WIRE )--The leading television stations serving the Birmingham television market today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes WABM (ABC) and WDBB (ABC and CW), WIAT (CBS), WBRC (Fox), WVTM-TV (NBC), WTTO (CW), and WSES (Heroes and Icons).

Major Broadcasters Launch NextGen TV on Seven Local Television Stations in Birmingham, AL

BALTIMORE--( BUSINESS WIRE )--Diamond Sports Group, LLC ("DSG," "Diamond," or the "Company"), an unconsolidated subsidiary of Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) ("Sinclair"), announced today that its Board of Managers has appointed David Preschlack as Diamond's Chief Executive Officer. Mr. Preschlack has been a member of Diamond's Board of Managers since May of 2022 and most recently served as President of NBC Sports Regional Networks & Executive Vice President of Content Strategy for the NBC Sports Group.

Diamond Sports Group Appoints David Preschlack as Chief Executive Officer

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI ) Q3 2022 Earnings Conference Call November 28, 2022 9:00 AM ET Company Participants Billie Jo McIntire - Associate Vice President of Investor Relations, Sinclair Chris Ripley - President and Chief Executive Officer, Sinclair Rob Weisbord - President of Broadcast and Chief Operating Officer, Sinclair Scott Shapiro - Chief Financial Officer and Chief Operating Officer, Diamond Sports Conference Call Participants Avi Steiner - JPMorgan David Hamburger - Morgan Stanley Lance Vitanza - Cowen Operator Good morning, ladies and gentlemen, and welcome to the Diamond Quarterly Update Third Quarter 2022 Conference Call. At this time all participants have been placed on a listen-only mode.

Sinclair Broadcast Group, Inc. and Diamond Sports Group (SBGI) Combined Q3 2022 Earnings Call Transcript

BALTIMORE--( BUSINESS WIRE )--Sinclair Broadcast Group, Inc. (the “Company”) (Nasdaq: SBGI), and the management team of Diamond Sports Intermediate Holdings LLC (“Diamond”), its unconsolidated subsidiary, will host a conference call to discuss Diamond's third quarter financial results at 9:00 a.m. ET on Monday, November 28, 2022. Diamond's Consolidated Financial Statements and management's discussion and analysis and other supplemental information will be posted to the Company's website, www.sbgi.net, under the subtitle "Investors/Diamond Sports Group" prior to the call. There will not be a press release in connection with the release of Diamond's third quarter 2022 financial results.

Sinclair and Diamond Sports Group to Host Third Quarter 2022 Financial Results Conference Call on November 28, 2022 at 9:00 a.m. (Eastern Time)

HUNT VALLEY, Md.--( BUSINESS WIRE )--Sinclair Broadcast Group (Nasdaq: SBGI) today announced the launch of the company's redesigned, future-forward corporate website www.sbgi.net.

Sinclair Launches Redesigned Company Website

HUNT VALLEY, Md.--( BUSINESS WIRE )--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), today announced that the company has entered into an MOU with Hyundai Mobis, one of the world's largest automotive parts and services companies, to collaborate on the development and implementation of ATSC 3.0-enabled automotive business models in both Korea and the United States.

Sinclair Announces Agreement with Hyundai Mobis for Development of ATSC 3.0 Automotive Services

Sinclair Broadcast Group Names Camie Nicholas Vice President/General Manager in Wichita, Kansas

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BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (NASDAQ: SBGI) is pleased to announce Project Baltimore, the special investigative reporting unit of WBFF/Fox 45 News, has been named a finalist for the 2023 Alfred I.

Sinclair Broadcast Group's “Project Baltimore” Named a Finalist for 2023 Alfred I. duPont-Columbia University Award

Shares of Sinclair Broadcast Group Inc. SBGI, -2.87% were down 3% in after-hours trading Wednesday after Wells Fargo analyst Steven Cahall double-downgraded the broadcast company's stock, lowering his rating to underweight from overweight and nearly halving his price target to $16 from a prior $30. The company "faces multiple pressures that we think are greater than TV broadcast peers," he wrote in a late Wednesday note to clients.

News for Sinclair Inc Stock (SBGI)