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. reports news across its diversified media business, including local television stations affiliated with major broadcast networks, Tennis Channel, multicast networks CHARGE, Comet, ROAR and The Nest, and AMP Media digital content and podcasts. Company updates commonly address advertising revenue, distribution revenue, political advertising cycles, live sports programming, station operations and portfolio actions involving media or broadcast-technology assets.
Recurring Sinclair announcements also include quarterly financial results, cash dividends on its Class A and Class B common stock, debt and liquidity actions, investor conference participation, and community initiatives under the Sinclair Cares brand.
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.
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.