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. (SBGI) is a leading force in broadcast media and sports programming, operating one of America's largest television station groups. This news hub provides investors and industry observers with direct access to official corporate announcements and verified media coverage.
Our curated collection serves as a reliable resource for tracking financial results, strategic partnerships, regulatory updates, and leadership developments. You'll find timely updates on earnings reports, content distribution agreements, technology investments, and market expansion initiatives that shape Sinclair's position in the evolving media landscape.
All content is sourced from verified corporate communications and reputable financial publications. For stakeholders monitoring broadcast industry trends or evaluating SBGI's competitive strategy, this page offers organized access to both recent developments and historical context.
Bookmark this page for streamlined tracking of Sinclair's operational milestones and regulatory filings. Check back regularly for updates on how America's largest television station operator navigates digital transformation and content distribution challenges.
Sinclair Broadcast Group (SBGI) will host a conference call on November 28, 2022, at 9:00 a.m. ET to discuss third-quarter financial results of its subsidiary Diamond Sports Intermediate Holdings LLC. Participants can access the live webcast via the Company’s website.
Financial statements and management discussions will be available prior to the call. The call is expected to provide key insights into Diamond's performance.
Sinclair Broadcast Group (NASDAQ: SBGI) has launched a redesigned corporate website that enhances user experience through innovative design and technology. Developed in-house, the site showcases Sinclair's diverse offerings, emphasizing its growth in marketing services, content, and interactivity. Executive Vice President and CFO, Lucy Rutishauser, highlighted the site's dynamic features, including 3-D graphics and spatial audio. The redesign aims to reflect the company's creative spirit and encourage user engagement, making Sinclair's assets more accessible to its audience.
Sinclair Broadcast Group (NASDAQ: SBGI) has signed a Memorandum of Understanding (MOU) with Hyundai Mobis to develop ATSC 3.0-enabled automotive business models in the U.S. and Korea. This collaboration aims to enhance geo-targeting, GPS, software updates, and in-vehicle entertainment for the 20 million Hyundai, Kia, and Genesis vehicles in the U.S. Sinclair plans to showcase an integrated automotive entertainment platform at a local Hyundai dealership in Baltimore, MD, leveraging ATSC 3.0-enabled spectrum.
Sinclair Broadcast Group (SBGI) has appointed Camie Nicholas as Vice President/General Manager of KSAS (FOX and MyTV) and associated simulcast stations in the Wichita-Hutchinson market. Previously the General Sales Manager since 2017, Nicholas brings a strong revenue growth track record. Sinclair's COO, Rob Weisbord, highlighted her deep local relationships and success in enhancing station revenue. Nicholas expressed gratitude for the internal promotion and eagerness to lead her team.
Sinclair Broadcast Group (NASDAQ: SBGI) has announced that its investigative unit, Project Baltimore, is a finalist for the 2023 Alfred I. duPont-Columbia University Award. This recognition is based on their extensive reporting exposing corruption in the Baltimore Public School System, particularly concerning 'ghost students' and inflated enrollment. The investigation revealed taxpayers paid nearly $93 million for students whose whereabouts were unknown. As a consequence, the Maryland State Department of Education may require the City Schools to repay $1.6 million.
Sinclair Broadcast Group (SBGI) has announced a quarterly cash dividend of $0.25 per share for its Class A and Class B common stock. This dividend is set to be paid on December 15, 2022, to shareholders recorded by December 1, 2022. As a diversified media company, Sinclair operates and provides services to 185 television stations across 86 markets, along with owning several national networks such as the Tennis Channel. Sinclair's content reaches audiences through multiple platforms, including digital and streaming options.
Sinclair Broadcast Group (SBGI) reported its Q3 and YTD financial results for 2022, reflecting significant changes. Total revenues dropped 45% to $843 million, with advertising revenue also decreasing by 16%. However, core advertising revenue rose 14% when excluding local sports. Net income attributable to the company was $21 million, compared to $19 million the previous year. The company has initiated a broad plan to diversify revenue sources, underscoring their growth strategies. Sinclair's cash flow remains strong, with a $1.2 billion investment portfolio and a significant share repurchase program ongoing.
Sinclair Broadcast Group (NASDAQ: SBGI) reported hosting over 300 political events in 2022, including 56 local debates and 169 town hall meetings, enhancing local engagement ahead of midterm elections. A highlight was the debate between Governor Ron DeSantis and Charlie Crist, viewed by nearly 860,000 adults. Sinclair's 'Connect to Congress' initiative enabled 94 interviews with Congress members, fostering direct communication with constituents. This commitment to local news and public service is emphasized by Sinclair’s Senior VP of News, Scott Livingston, underscoring the importance of informing communities.
Sinclair Broadcast Group (NASDAQ: SBGI) has appointed John Manzi as Vice President/General Manager for its stations in Chico, California, including KRCR (ABC), KRVU (MyNet), and KUCO (Univision). Manzi, previously the VP/GM at KSAS and KMTW in Wichita, Kansas, is expected to leverage his leadership skills to enhance revenue and growth. COO Rob Weisbord expressed confidence in Manzi’s ability to replicate his past successes. Sinclair operates 185 television stations across 86 markets and continues to expand its media services.
Sinclair Broadcast Group (NASDAQ: SBGI) has announced growth for its Growth Networks Group, with a focus on the networks Comet, CHARGE!, and TBD. The addition of popular series like Stargate SG-1 and Without a Trace is expected to further drive audience engagement. The networks experienced double-digit ratings increases, with Comet's access up by 31% and CHARGE! also at 31%. With nearly 15 million new TV households added, the networks are set for a robust 2023 programming lineup starting in January.
