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Sinclair, Inc. - SBGI STOCK NEWS

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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NewsON, a leading local news streaming service, has launched its free app on VIZIO TVs. The ad-supported platform provides access to over 285 trusted TV stations across 135+ markets, covering 90% of the U.S. The service includes live newscasts, on-demand content, and 190+ local stations offering FAST channels. Features include weather forecasts, breaking news, and trending stories through What'sON. The expansion aims to enhance local news accessibility, particularly during critical events like elections and severe weather.

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Sinclair is expanding its podcast division with the launch of 'Unfiltered Soccer with Landon Donovan and Tim Howard' on November 12. The show features U.S. soccer legends sharing insights, analysis, and stories about MLS, English Premier League, Champions League, and international competitions. The multi-platform program will be available on Apple Podcasts, Spotify, YouTube, and other platforms, with content distributed across various social media channels. This launch follows the success of Sinclair's existing podcasts 'The Triple Option' and 'Throwbacks', with new episodes releasing every Tuesday.

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Sinclair subsidiary ONE Media Technologies has appointed Matthew Goldman as Vice President of Strategic and Technical Initiatives. In this new role, Goldman will lead advanced operational technologies implementation, including High Dynamic Range Video (HDR) and ATSC 3.0 NextGen Broadcasting initiatives. Goldman, who joined Sinclair in 2021, brings over 30 years of digital television systems experience, including significant contributions to MPEG-2 Systems standards and ATSC protocols. He holds multiple Technology & Engineering Emmy® Awards and will report to Mark Aitken, SVP of Advanced Technology at Sinclair and President of ONE Media Technologies.

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Sinclair has announced that Lucy Rutishauser, the company's EVP and CFO, has been appointed to the Business Advisory Council of ATSC, the broadcast Standards Association. As a council member, Rutishauser will provide strategic insights to connect business and technology sectors, expanding ATSC standards across industries and regions.

ATSC 3.0, also known as NextGen TV in the US and DTV+ in Brazil, is designed to enhance over-the-air TV with improved video quality, interactive features, and internet integration. It offers benefits such as:

  • Enhanced public safety through advanced emergency alert systems
  • Broadcast Positioning System as a complement to GPS
  • Improved viewer experience with 4K, HDR, and immersive audio
  • New revenue opportunities for broadcasters, including targeted advertising

Rutishauser expressed excitement about joining the council during this transformative period for the broadcast industry, highlighting ATSC 3.0's potential across various sectors.

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WBFF/FOX 45 Baltimore has announced the launch of 'Spotlight on Maryland', a new investigative journalism unit aimed at exposing inefficiencies in state, county, and local governments. This initiative expands on the station's existing investigative reporting, covering topics such as allocation of taxpayer funds to non-profits, campaign finance practices, corruption, and government inefficiency across Maryland.

The station is expanding its staff to include additional investigative reporters and researchers for this unit. This new project builds upon the success of WBFF's Project Baltimore, which has received numerous awards for its investigative reporting on Baltimore area public school systems since 2017.

Scott Livingston, Senior Vice President of News for Sinclair, emphasized the importance of providing viewers with information to check government power and hold elected leaders accountable. The station aims to continue its legacy of community advocacy through unique reporting on under-examined issues and promoting public engagement on governmental abuses.

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Sinclair Broadcast Group and Nebraska Public Media have launched the first free Broadcast-Enabled Streaming TV (BEST) Channel in Omaha, Nebraska. This innovative service allows Nebraska Public Media's PBS and local programming to be hosted on Sinclair's KPTM FOX 42 station as a free, virtual channel using NEXTGEN broadcast technology (ATSC 3.0).

BEST channels transmit programming directly over-the-air to smart TVs using the host broadcaster's NEXTGEN broadcast data channel capacity. Viewers with NEXTGEN TVs can easily access these channels through their programming guide. This launch is part of a broader agreement between Sinclair and America's Public Television Stations (APTS) to provide free carriage of APTS member stations in markets where Sinclair has deployed ATSC 3.0 and a public television station has not.

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Sinclair, Inc. (Nasdaq: SBGI) has announced it will report its third quarter 2024 earnings results on Wednesday, November 6, 2024, at 4:00 p.m. ET. This will be followed by a conference call at 4:30 p.m. ET to discuss the results. The call will be webcast live and can be accessed at www.sbgi.net under 'Investor Relations/Events and Presentations'. For those participating via phone, the dial-in number is 888-506-0062 with entry code 791357.

A replay of the call will be available on Sinclair's website, which will be the only venue for replay access. The company's press release and any non-GAAP reconciliations will also be available on the website. News media are welcome to join the call in listen-only mode, with key executives available for questions afterwards, time permitting.

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Sinclair has announced the return of its News Academy, offering free virtual workshops for college students interested in journalism careers. The 90-minute sessions will cover reporting, producing, and weather and will run from November 19-21, 2023. The Reporter Academy, now in its fourth year, will focus on reporting basics and investigative storytelling across multiple platforms. The Producer Academy, in its seventh year, caters to students interested in digital or broadcast news producing. The Weather Academy, introduced last year, returns for its second annual session.

These interactive workshops provide students with insights into Sinclair's modern content centers and the opportunity to engage with industry-leading teams. Sessions will cover topics such as what to expect in the first year of work, how to excel in various roles, and how to prepare resumes and reels. The academies are open to both undergraduate and graduate students, who must register by November 18 using a .edu email address.

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Sinclair has launched Sinclair Cares: Hurricane Helene Relief, a fundraising partnership with the Salvation Army to assist with humanitarian relief efforts in Western North Carolina, South Carolina, Georgia, Florida, Virginia and Tennessee. The initiative aims to provide emergency aid, including food, water, shelter, and cleanup kits to those affected by Hurricane Helene.

Fundraising begins immediately through www.SinclairCares.com, with a concentrated effort on Friday, October 4. Sinclair has pledged to match donations up to $50,000 for the first $50,000 raised through the website. Rob Weisbord, Chief Operating Officer and President of Local Media, expressed Sinclair's commitment to supporting recovery efforts and standing together during times of crisis.

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Chris Ripley, Sinclair's President and CEO, has been named one of Maryland's 2024 Most Admired CEOs by The Daily Record. This prestigious recognition honors talented business leaders across Maryland whose leadership and vision are admired by their peers. Ripley, who has led Sinclair since 2017, will be honored in the category of 'public company with more than $500 million in annual revenue' at a ceremony on November 7.

Additionally, Ripley will be inducted into the Circle of Leadership, an honor reserved for three-time winners who have demonstrated sustained achievement over at least six years. The Daily Record's managing director, Suzanne Fischer-Huettner, praised the honorees as trendsetters who positively impact their companies and communities. Winners will be profiled in a special magazine insert in the November 8 issue of The Daily Record and available online.

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FAQ

What is the current stock price of Sinclair (SBGI)?

The current stock price of Sinclair (SBGI) is $16.08 as of December 20, 2024.

What is the market cap of Sinclair (SBGI)?

The market cap of Sinclair (SBGI) is approximately 1.1B.

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, Inc.

Nasdaq:SBGI

SBGI Rankings

SBGI Stock Data

1.10B
60.68M
13.36%
65.84%
3.85%
Broadcasting
Television Broadcasting Stations
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United States of America
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