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.
Sinclair Broadcast Group (SBGI) has announced agreements with Korean Broadcasting System (KBS) and Munhwa Broadcasting Corporation (MBC) to develop and implement NextGen Broadcast (ATSC 3.0) technologies in Korea and the U.S. This collaboration aims to create innovative business models, including Data Distribution as a Service (DDaaS). Recent demonstrations in Seoul showcased enhanced GPS capabilities using this new technology. Sinclair's executives emphasize the revenue potential from NextGen applications and the importance of cooperation with South Korean partners in this evolving broadcast landscape.
Sinclair Broadcast Group (Nasdaq: SBGI) has appointed Stephen Clare as Vice President of Finance, overseeing Financial Planning and Business Development. Clare joins from Audacy, bringing extensive media financial expertise. He previously held executive roles at Media General and LIN Media and has a history with Sinclair as Assistant Controller. Lucy Rutishauser, CFO of Sinclair, expressed enthusiasm for Clare's return. Sinclair operates 185 television stations and several national networks, delivering content via various platforms.
Sinclair Broadcast Group (NASDAQ: SBGI) has appointed Diana Wilkin as the new Vice President/General Manager of KOKH/FOX and KOCB/CW in Oklahoma City. Wilkin, previously a Managing Partner at Twelve 24 Media, brings extensive media experience, having held leadership roles at CBS and FOX. Sinclair's COO, Rob Weisbord, expressed confidence in her ability to enhance local news operations. Wilkin is a graduate of the University of Southern California and remains active in various broadcasting associations.
Sinclair Broadcast Group (NASDAQ: SBGI) will announce its second quarter 2022 earnings on August 3, 2022, at 7:30 a.m. ET. A conference call to discuss the results will follow at 9:00 a.m. ET. Interested parties can access the live webcast and find more information on the company's website. A replay of the call will also be available on the website. Members of the media are invited to join in a listen-only mode, and executives will be available for questions afterward.
Sinclair Broadcast Group (NASDAQ: SBGI) has announced several promotions within its finance team. Daniel Gallagher is now VP, Operations Controller; Derek Nance rises to VP, Corporate Controller; Sheila Holland becomes AVP/Digital Controller; Chris Hummel is appointed AVP/Shared Services Controller; Chad Kornke steps up to AVP/Assistant Treasurer; and Billie-Jo McIntire is now AVP, Investor Relations. EVP & CFO Lucy Rutishauser praised the team for their contributions in complex accounting and business improvements as Sinclair continues to evolve.
Sinclair Broadcast Group (NASDAQ: SBGI) has appointed Joni Rippen as Vice President/General Manager of KHGI and KFXL in the Lincoln-Hastings-Kearney region of Nebraska. Rippen brings over 15 years of experience in sales leadership at these stations. Sinclair's COO, Rob Weisbord, expressed confidence in her ability to lead, highlighting her strong local roots. Rippen aims to enhance service to the community while leading the talented station team. Sinclair Broadcast Group operates numerous regional sports networks and television stations across the U.S.
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) has appointed Robert Croteau as Vice President/General Manager of WRGB/CBS6 and WCWN/CW15 in Albany, NY. Croteau, who was previously Director of Sales at the stations, has nearly two decades of executive sales experience in the Albany market. Sinclair's COO, Rob Weisbord, praised Croteau's commitment and successful track record. Croteau expressed enthusiasm about leading the stations into the future, honoring their nearly 100-year history.
Four television stations in San Antonio, Texas, including KABB (FOX), WOAI-TV (NBC), KMYS (DABL), and KCWX (MyNet), have launched broadcasting with NEXTGEN TV technology. This upgrade provides viewers with enhanced video quality, advanced emergency alerts, and improved audio features, creating a more immersive viewing experience. The new service, powered by ATSC 3.0, follows a decade of development and is already available in over 45 cities nationwide. Viewers are encouraged to check for NEXTGEN TV compatibility and rescan their devices for uninterrupted service.
Sinclair Broadcast Group announced significant upgrades and new affiliations for its multicast networks, adding over 13 million new households across top DMAs including New York, Atlanta, Boston, Indianapolis, and Las Vegas. The networks, COMET, CHARGE!, and TBD, have seen notable viewer increases with Buffy the Vampire Slayer premiering to 543,000 viewers, and CSI: NY attracting 348,000 viewers. These upgrades aim to strengthen Sinclair's position in the growing multicast television sector.
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