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 (Nasdaq: SBGI) proudly announces that
Bally Sports, a division of Sinclair Broadcast Group (NASDAQ: SBGI), has promoted Kendall Burgess to Vice President of Technical Operations. In this role, she will oversee technical operations for live events and original programming across 19 regional sports networks (RSNs). Burgess brings over 22 years of experience in the RSN industry and has a history of enhancing production quality. Her promotion aims to bolster Bally Sports' commitment to delivering exceptional sports programming.
Sinclair Broadcast Group (SBGI) and Disabled American Veterans (DAV) have launched the "Sinclair Cares: Supporting All Veterans" initiative to enhance support for veterans. Running through November 12, 2023, the campaign encourages community volunteering and donations to DAV. Sinclair will utilize its platforms, including 185 TV stations and various sports networks, to promote this initiative. Content will highlight veterans' stories and the importance of supporting them. DAV provides essential services to veterans, facilitating access to benefits and healthcare.
On October 16, 2021, Sinclair Broadcast Group (SBGI) identified a cybersecurity incident involving ransomware impacting certain servers and workstations. By October 17, 2021, the company acknowledged operational disruptions and potential data theft. Sinclair has engaged legal counsel and cybersecurity experts while cooperating with law enforcement. The company is assessing the incident's impact on business and aims to restore operations efficiently. However, the extent of the incident's material effect on financial results remains undetermined as investigations continue.
Sinclair Broadcast Group's station WLOS partnered with United Way of Haywood County following devastating flooding in Haywood County, NC, caused by Tropical Storm Fred. The initiative, Hope for Haywood, has raised over
Sinclair Broadcast Group (SBGI) will announce its third quarter 2021 earnings on November 3, 2021, at 7:30 a.m. ET. A conference call to discuss the results follows at 9:00 a.m. ET. Interested parties can access the live webcast on Sinclair's website at www.sbgi.net. The dial-in number for the call is 888-506-0062, with entry code 714886. A replay will be available afterward on the company’s site, along with the press release and non-GAAP reconciliations.
Sinclair Broadcast Group (NASDAQ: SBGI) announced its television stations raised nearly
Cincinnati's leading television stations, namely WCPO-TV, WKRC-TV, WLWT, WXIX-TV, and WSTR-TV, have launched NEXTGEN TV, an innovative broadcasting technology. This system enhances viewer experience through superior video quality and features like advanced emergency alerts and Voice+ dialogue enhancement. The upgrade follows a decade of development and enables seamless integration with internet content for real-time viewing. WSTR-TV will handle both its own programming and that of other stations in the NEXTGEN format while maintaining existing DTV broadcasts.
Sinclair Broadcast Group (NASDAQ: SBGI) has appointed John Manzi as Vice President and General Manager of KSAS-TV in Wichita-Hutchinson, Kansas. Manzi brings extensive experience, previously serving as Group VP of Operations at RNN National and President/GM of KDOC, where he boosted revenue by 200%. Sinclair's President of Broadcast cited Manzi's unique skill set as crucial for the role. Manzi expressed enthusiasm for joining Sinclair, acknowledging the company's strong media position.
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