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'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.
Sinclair Broadcast Group (SBGI) announced the return of “Full Measure with Sharyl Attkisson” for its seventh season, starting September 12. This season will launch with an investigation into the US-Mexico border crisis, including record illegal immigration numbers and a rise in Covid-19 cases. The show, which reaches over one million households weekly, has experienced a 26% audience increase since 2020. Attkisson emphasizes the importance of ongoing fact-based reporting, showcasing the program's growth and its commitment to impactful storytelling.
Sinclair Broadcast Group (Nasdaq: SBGI) appointed Franco Gentile as Vice President/General Manager of KPTM (FOX) in Omaha, Nebraska, overseeing services for KXVO (CW affiliate). Gentile, with a strong history at Sinclair since 2004, previously served as Director of Sales in Columbus, Ohio, where he successfully led sales teams. Rob Weisbord, Sinclair's President of Broadcast, expressed confidence in Gentile's ability to enhance station performance. Gentile aims to serve the Omaha community effectively while integrating with local stakeholders.
Bally Sports, part of Sinclair Broadcast Group (NASDAQ: SBGI), has appointed Rebecca O’Sullivan-Schulte as Senior Vice President and General Manager for Bally Sports West, SoCal, and San Diego. Announced by Steve Rosenberg, this decision aims to bolster operations in Southern California, a region O’Sullivan-Schulte is familiar with as a native. With 15 years of experience in the RSN sector, she previously led NBC Sports Washington. Bally Sports operates 19 regional networks, broadcasting over 4,500 local professional sports events annually.
Tennis Channel, owned by Sinclair Broadcast Group (Nasdaq: SBGI), has launched its Tennis Channel International streaming service in the U.K., starting August 19. The service provides exclusive 24-hour coverage of tennis, including original series, documentaries, and live events. Upcoming highlights include the UK Pro League and LTA National League Finals. The service is available for £2.49 per month on various platforms. President Ken Solomon emphasized the global demand for tennis coverage, reflecting successful previous launches in Europe.
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