Sinclair, Inc. - SBGI STOCK NEWS

Sinclair Inc., a leading local news and sports media company, has announced multiple executive promotions across its corporate divisions. The promotions span various departments including Corporate Finance, Human Resources, Distribution, Agency Solutions, Advanced Advertising, and Technical Operations.

Key appointments include Billie-Jo McIntire as VP of Corporate Finance, Melissa Medina Yim as VP of Human Resources, and Patrick Baldwin as AVP of Distribution. Within Sinclair Television Group, notable promotions include Antonia DeFeo to SVP of Agency Solutions, JW Linkenauger to SVP of Advanced Advertising Support Operations, and Deidre O'Grady to SVP of Pricing, Planning & Business Operations.

Additional promotions were made in Tennis Channel and Dielectric divisions, with David Monks becoming VP of Research and Strategy, and Kim Savage advancing to VP of Sales and Marketing, respectively.

PBS Reno and Sinclair Broadcast Group (NASDAQ: SBGI) have launched KNPB-VC, a new virtual ATSC 3.0 channel broadcasting on virtual channel 5-11. The channel offers enhanced viewing features including Advanced HDR by Technicolor and mirrors PBS Reno's main channel 5-1 programming.

The NEXTGEN TV technology combines over-the-air broadcasting with internet capabilities, delivering higher-quality video, immersive audio, improved accessibility through closed captions, and interactive program guides. Viewers with NEXTGEN-enabled televisions can access the channel through their programming guide, though they may need to rescan their TVs to access KNPB-VC.

This launch represents the third implementation of Sinclair's agreement with America's Public Television Stations (APTS) to provide free carriage of APTS member stations in markets where Sinclair has deployed NEXTGEN Broadcast Service.

Sinclair Broadcast Group has announced two major strategic initiatives: AMP Sales & Marketing Solutions and AMP Media. The first initiative transforms Sinclair's sales division into a unified advertising sales and integrated marketing team, focusing on delivering innovative campaigns across the U.S. The second initiative, AMP Media, will serve as Sinclair's overarching content brand for non-news original content, including podcasts like 'The Triple Option,' 'Throwbacks' and 'Unfiltered Soccer.'

This transformation represents Sinclair's evolution from a traditional broadcast company to a multi-platform media organization. The company plans to unveil a new client-facing landing page and comprehensive media campaign across linear, digital, OTT/CTV, social, and audio platforms to introduce AMP to the market.

Sinclair and NBC have announced a comprehensive multi-year renewal of affiliation agreements covering 21 NBC affiliates, reaching nearly 7 million U.S. television households. The agreement encompasses 14 stations directly owned and operated by Sinclair across various markets, including San Antonio, Las Vegas, and Providence.

Additionally, the renewal includes five markets where Sinclair provides services under joint sales or master service agreements through partnerships with Cunningham Broadcasting Group, Deerfield Media, Howard Stirk Holdings, MPS Media, and Roberts Media.

The deal ensures continued broadcast of NBC's programming, including Sunday Night Football, TODAY, and The Irrational, as well as upcoming content like the NBA's return, Saturday Night Live's 50th Anniversary, and the 2026 Winter Olympics.

Sinclair Television Group (SBGI) has entered into a Transaction Support Agreement (TSA) with secured creditors to enhance its financial position through debt recapitalization. The agreement includes lenders holding approximately 80% of STG's outstanding loans and noteholders representing about 75% of Existing Secured Notes.

The transactions include establishing a $650 million first-out first lien revolving credit facility and refinancing options for various term loans. Key elements include exchanging existing term loans into second-out first lien term loans and offering exchanges for secured notes. The refinancing is expected to extend the company's closest meaningful maturity to December 2029, with a weighted average maturity of 6.6 years.

The deal aims to reduce first lien net leverage and improve financial flexibility, allowing Sinclair to pursue deleveraging opportunities while enhancing returns for stakeholders.

Sinclair and Tennis Channel have launched Sinclair Cares: California Wildfires Relief, a fundraising initiative in partnership with the Salvation Army to support disaster relief efforts in Southern California. The campaign aims to provide critical aid, shelter, food, fresh water, and support for wildfire survivors and first responders in Los Angeles.

All donations collected through the initiative will be directly channeled to the Salvation Army's wildfire disaster relief efforts. The partnership demonstrates Sinclair's commitment to supporting communities during times of crisis.

EdgeBeam Wireless, a new joint venture formed by four major broadcasting groups (E.W. Scripps, Gray Media, Nexstar Media Group, and Sinclair), aims to provide nationwide wireless data services using ATSC 3.0 technology. The venture will leverage existing broadcast infrastructure to deliver data services across multiple industries.

The company targets three main markets with significant revenue potential: automotive connectivity ($3.7B/year), content delivery networks ($3.65B/year), and enhanced GPS ($220M/year). EdgeBeam will deliver data to any civilian or military device with an ATSC 3.0 receiver, including vehicles, drones, marine vessels, and mobile devices.

The partnership creates a nationwide spectrum footprint that individual broadcasters couldn't achieve alone, with plans to partner with additional broadcasters for expanded coverage. The service could also provide a backup to existing GPS capabilities, helping secure the U.S. economy.

Sinclair has appointed Jon Kramer as Vice President/General Manager of WMSN FOX 47 in Madison, Wisconsin. Kramer, who previously served as the station's General Sales Manager since 2019, brings extensive experience in advertising strategies and revenue maximization. Rob Weisbord, Sinclair's Chief Operating Officer and President of Local Media, highlighted Kramer's expertise in developing innovative advertising strategies and his background as a research analyst.

Before joining Sinclair, Kramer held executive leadership positions at Capital Newspapers and their digital agency Amplified, including Director of Sales Development, Digital Business Developer, and Market Research Analyst. His experience spans both linear and digital media. Kramer, who holds a Bachelor of Arts degree from the University of Wisconsin–Eau Claire, is also the founder and president of the Wisconsin Billiards Hall of Fame.

Nashville PBS and Sinclair Broadcast Group (NASDAQ: SBGI) have launched WNPT-VC, a new virtual ATSC 3.0 channel broadcasting on virtual channel 8-11. The channel mirrors Nashville PBS' main channel content while utilizing NEXTGEN TV technology, which combines over-the-air broadcasting with internet capabilities.

The new service offers enhanced features including:

• Higher-quality video with HDR capabilities
• Immersive audio
• Improved accessibility through closed captions
• Interactive program guides

This launch represents the first NEXTGEN implementation in Nashville and the second nationwide under Sinclair's agreement with America's Public Television Stations (APTS) to provide free carriage of APTS member stations in markets where Sinclair has deployed ATSC 3.0.