Sinclair Stock Price, News & Analysis

Sinclair Broadcast Group (Nasdaq: SBGI) showcased its new live infotainment services for connected vehicles at CES 2023 in Las Vegas. This service, powered by NextGen Broadcast (ATSC 3.0), enhances existing infotainment systems by enabling features like access to over 100 live local radio channels, AM rebroadcasting, and seamless audio/video playback on in-car displays. Consumer trials are set in Baltimore, MD. Mark Aitken emphasized seeking automotive community feedback for future enhancements, indicating potential applications for live emergency information and improved navigation services.

FuboTV Inc. (NYSE: FUBO) has expanded its streaming offerings through a new carriage agreement with Sinclair Broadcast Group, Inc. (NASDAQ-NMS: SBGI). This agreement will add 19 Bally Sports regional sports networks (RSNs) to FuboTV's platform, enhancing its local sports coverage. The deal builds on an existing partnership that includes Sinclair’s local broadcast stations. FuboTV now offers over 35 networks and boasts access to 50,000 live sports events annually, streaming in 4K and featuring popular entertainment options.

Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) appointed Scott Shapiro as Executive Vice President of Corporate Development and Strategy. Shapiro, previously serving as Senior Vice President and Chief Development Officer, will manage strategic investments and acquisitions. President & CEO Chris Ripley emphasized Shapiro's critical role in Sinclair's transformation into a diversified media company, highlighting successful acquisitions like Bally Sports. Shapiro has been with Sinclair since 2011 and has significantly contributed to launching various networks and channels.

WICS, WICD, WCIA, WRSP-TV, WCCU, WAND, WBUI, and WCIX have launched NextGen TV broadcasting technology in the Champaign & Springfield-Decatur market. This cutting-edge digital broadcast system enhances viewer experience with superior video and audio quality, including brighter colors and clearer dialogue. Powered by ATSC 3.0, it allows broadcasters to deliver advanced features and emergency alerts. The transition follows a decade of development and aims to elevate local broadcasting across the region, benefiting viewers with innovative content delivery.

WABM, WDBB, WIAT, WBRC, WVTM-TV, WTTO, and WSES have launched NextGen TV broadcasting in Birmingham, Alabama, marking a significant upgrade in digital technology. This new system enhances viewer experience with advanced emergency alerts, improved audio, and stunning visuals. Utilizing ATSC 3.0, it offers features such as Voice+ dialogue enhancement and internet integration for live events. The rollout follows extensive planning and is part of a nationwide expansion already present in over 50 cities. Viewers are encouraged to rescan their TVs to access this upgraded service.

Diamond Sports Group has appointed David Preschlack as its new Chief Executive Officer. With over 25 years in sports marketing, his experience includes roles at NBC, Disney, and ESPN. Preschlack aims to leverage his industry knowledge to enhance relationships with sports leagues and tackle the company’s financial challenges. Notably, Diamond is focused on creating a unique regional sports offering while improving its balance sheet for sustainable long-term value. This shift follows a significant transition from Disney and Fox and aims to reinforce Diamond's independence under Preschlack's leadership.

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.