Welcome to our dedicated page for Sinclair news (Ticker: SBGI), a resource for investors and traders seeking the latest updates and insights on Sinclair stock.
Sinclair, Inc. (NASDAQ: SBGI) is a prominent media company and the owner-operator of the second largest portfolio of television stations in the United States. With 185 full power stations situated in 86 markets, Sinclair has a sprawling network that significantly influences the broadcasting landscape. The company operates approximately 600 channels, of which 150 are affiliated with major national broadcasters such as Fox, ABC, CBS, and NBC. Additionally, Sinclair aligns over 80 channels with networks like The CW (Nexstar) and MyNetworkTV (Fox).
Beyond traditional television stations, Sinclair boasts ownership of the Tennis Channel and holds stakes in Marquee Sports Network and YES Network, thus providing a diversified range of sports content. This content is distributed to pay-TV providers, further extending Sinclair’s reach and impact in the media sector.
Sinclair's financial strategy has recently been a focal point, especially concerning its approach to managing debt maturities. A noteworthy development is the supportive stance of Chatham Asset Management, LLC, one of Sinclair's largest creditors. Chatham has proposed a public or private exchange of Sinclair's existing debt securities into new junior lien bonds, aiming to streamline the refinancing process and bolster market confidence.
Sinclair remains committed to maintaining a robust operational framework while addressing financial obligations efficiently. The firm's extensive network and strategic partnerships underscore its pivotal role in American broadcasting, making it a significant entity to watch in the media industry.
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Sinclair, Inc. (Nasdaq: SBGI) has reached a multi-year distribution agreement with Verizon (NYSE: VZ) for carriage on FiOS TV, covering local television stations in 10 markets, Tennis Channel, and YES Network. The agreement ensures uninterrupted access to Sinclair's news, sports, and entertainment content. Financial terms were not disclosed.
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ROXi, Inc. (SBGI) to Launch Interactive Music TV Channels in Partnership with Sinclair, Inc. at CES Las Vegas 2024
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Sinclair, Inc. (SNC) has named Ryan Moore as the new SVP and Chief Revenue Officer. Moore will oversee sales and revenue growth strategies, including digital sales, for all of Sinclair’s television stations, networks, and Compulse, Sinclair’s marketing technology company. Moore's previous role was SVP and Chief Revenue Officer of Sports and Digital. Rob Weisbord, COO and President of Local Media, praised Moore's exceptional leadership and innovative thinking, highlighting his critical role in driving business growth. Moore joined Sinclair in 2013 and has held various executive sales leadership positions in the media industry. He is committed to leading teams in driving transformative results and maximizing revenue streams. Moore holds a BA in Communications from Seattle University.
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Sinclair, Inc. (SBGI) announced the appointment of Patrick McFadden as its Senior Vice President for Global Public Policy and Communications. McFadden brings extensive experience from the National Association of Broadcasters and Drinker Biddle & Reath LLP. Sinclair aims to leverage McFadden's expertise to drive its legislative and regulatory strategy, strategic communications, and messaging.
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Sinclair Broadcast Group (SBG), a subsidiary of Sinclair Inc., has announced network distribution agreements with CBS Television Stations to add Sinclair’s free over-the-air (OTA) national broadcast TV networks Comet, CHARGE!, TBD., and The Nest to additional CBS affiliates in major markets. The expanded agreement positions Sinclair’s networks in key channel slots in several of the country’s top-10 markets, adjacent to all five broadcast networks. The announcement comes as Comet, CHARGE!, TBD., and The Nest have experienced significant growth, with a +24% increase in viewership from the prior year. This expansion demonstrates SBG's commitment to delivering compelling content to a broader audience across the US.
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Local Broadcasters Bring High-Tech Television to Local Viewers EL PASO, Texas. The leading television stations in El Paso, including KVIA-TV (ABC), KDBC-TV (CBS), KTSM-TV (NBC), KFOX-TV (FOX), and KTDO (Telemundo), have launched NextGen TV, a revolutionary new digital broadcast technology. NextGen TV features stunning video with brilliant color, sharper images, and deeper contrast, providing a more life-like experience. It also includes advanced emergency alerts and new Voice+ dialogue enhancement. NextGen TV, powered by ATSC 3.0, is the most significant broadcast technology upgrade in history. The launch in El Paso follows a decade of development and months of planning and preparation by the local stations.
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Sinclair Broadcast Group announces the appointment of Jason Wildenstein as Vice President and General Manager of WHP in Harrisburg, and Jason Chavis as Vice President and General Manager of WJAC in Johnstown-Altoona-State College. Wildenstein previously served as VP and GM at WJAC, while Chavis was the General Sales Manager at WJAC. Both individuals are praised for their strong leadership and strategic thinking.
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Sinclair, Inc. (Nasdaq: SBGI) has declared a quarterly cash dividend of $0.25 per share on its Class A and Class B common stock. The dividend will be payable on December 15, 2023, to shareholders of record as of December 1, 2023. Sinclair is a diversified media company that owns and operates 185 television stations in 86 markets. It also owns Tennis Channel and several multicast networks, and provides services to 21 regional sports network brands. Sinclair's content is delivered through various platforms, including over-the-air, multi-channel video program distributors, and NewsON, the largest streaming aggregator of local news content.
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Sinclair, Inc. (Nasdaq: SBGI) reported strong financial results for Q3 2023, exceeding guidance on all key metrics. Revenues reached $767 million, a 9% decrease YoY. Adjusted EBITDA decreased by 29% to $141 million. The company repurchased $64 million of debt at an average discount of 24% to par. Sinclair remains well-positioned for the future with upcoming renewals of Big 4 network subscribers and record levels of political advertising.
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Sinclair Broadcast Group announces a strategic MOU with Korea Radio Promotion Association and CAST.ERA to enhance ATSC 3.0 services and expand the DDaaS platform globally. The DDaaS platform provides a broadcast backbone for wireless IP data delivery, increasing the value of spectrum for broadcasters. Sinclair anticipates playing a leading role in accelerating the adoption of the DDaaS business model.
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FAQ
What is the current stock price of Sinclair (SBGI)?
The current stock price of Sinclair (SBGI) is $14.5 as of February 21, 2025.
What is the market cap of Sinclair (SBGI)?
The market cap of Sinclair (SBGI) is approximately 983.7M.
What is Sinclair, Inc.?
Sinclair, Inc. is a major media company and the owner-operator of one of the largest portfolios of television stations in the U.S.
How many television stations does Sinclair operate?
Sinclair operates 185 full power television stations across 86 markets in the United States.
With which national broadcasters are Sinclair's channels affiliated?
Sinclair's channels are affiliated with Fox, ABC, CBS, NBC, The CW (Nexstar), and MyNetworkTV (Fox).
What sports networks does Sinclair own or have stakes in?
Sinclair owns the Tennis Channel and holds stakes in Marquee Sports Network and YES Network.
Who is a major creditor of Sinclair, Inc.?
Chatham Asset Management, LLC is one of the largest creditors of Sinclair, Inc.
What recent financial strategy has Sinclair implemented?
Sinclair is focusing on debt refinancing options, including a proposed exchange of existing debt securities into new junior lien bonds, as suggested by Chatham Asset Management.
What is the significance of Sinclair in the media industry?
Sinclair plays a pivotal role in American broadcasting with a vast network of stations, diverse content offerings, and strategic partnerships.
How does Sinclair distribute its sports content?
Sinclair distributes its sports content through pay-TV providers, leveraging its ownership and stakes in various sports networks.
Sinclair
Nasdaq:SBGI
SBGI Rankings
SBGI Stock Data
983.69M
60.68M
13.36%
65.83%
3.23%
Broadcasting
Television Broadcasting Stations
United States
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