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. (SBGI) is a leading force in broadcast media and sports programming, operating one of America's largest television station groups. This news hub provides investors and industry observers with direct access to official corporate announcements and verified media coverage.
Our curated collection serves as a reliable resource for tracking financial results, strategic partnerships, regulatory updates, and leadership developments. You'll find timely updates on earnings reports, content distribution agreements, technology investments, and market expansion initiatives that shape Sinclair's position in the evolving media landscape.
All content is sourced from verified corporate communications and reputable financial publications. For stakeholders monitoring broadcast industry trends or evaluating SBGI's competitive strategy, this page offers organized access to both recent developments and historical context.
Bookmark this page for streamlined tracking of Sinclair's operational milestones and regulatory filings. Check back regularly for updates on how America's largest television station operator navigates digital transformation and content distribution challenges.
Sinclair Broadcast Group (SBGI) and Charter Communications (CHTR) have finalized a distribution agreement to continue broadcasting Sinclair's local stations, Tennis Channel, Bally Sports RSN brands, Marquee Sports Network, and YES Network. The terms of the deal remain undisclosed. This agreement reinforces Sinclair's position in local sports and news broadcasting, highlighting its ownership of 185 TV stations and 21 regional sports networks across the U.S. Sinclair's content is accessible through various platforms, including streaming services.
Sinclair Broadcast Group (NASDAQ: SBGI) and USSI Global have partnered to launch the first commercial datacasting service using NextGen Broadcast standard (ATSC 3.0). This pilot program will target the growing Electric Vehicle Charging station market, delivering local content, advertising, and data files. The initiative aims to enhance audience engagement and validate financial assumptions while demonstrating significant scalability potential. Sinclair's President, Chris Ripley, emphasized the strategic importance of this partnership in expanding service offerings.
All seven local television stations in Richmond-Petersburg, including WRIC-TV, WTVR-TV, and WWBT, have launched NextGen TV, a new digital broadcast technology. This upgrade, based on ATSC 3.0, offers enhanced video quality, improved emergency alerts, and a better auditory experience through Voice+ dialogue enhancement. Broadcasters can incorporate Internet content for live events. The rollout follows years of planning and is already operational in over 40 cities nationwide. For viewers, rescanning their TVs is required for uninterrupted service. More details are available at www.WatchNextGenTV.com.
Sinclair Broadcast Group (SBGI) announced preliminary Media Revenue results for Q1 2022, excluding its Local Sports segment. Broadcast segment revenues are projected between
Sinclair Broadcast Group (NASDAQ: SBGI) has appointed Greg Conner, a veteran with over 20 years at the company, as the General Manager of WGXA in Macon, GA. Conner, who previously managed stations in Columbia, SC, and Albany, GA, will oversee WGXA in addition to his current roles. Rob Weisbord, COO of Sinclair, praised Conner's leadership skills and community relations. Conner expressed excitement about expanding his responsibilities and contributing to WGXA's success.
Sinclair Broadcast Group (NASDAQ: SBGI) has launched the Sinclair Green initiative, partnering with Batteries Plus to promote free battery recycling for residential consumers throughout April, coinciding with Earth Month. This campaign encourages recycling at various locations, addressing the environmental impact of over 3 billion batteries discarded annually in the U.S. The initiative aims to reduce battery waste both at Sinclair and in the community, promoting sustainability and eco-friendly practices.
Sinclair Broadcast Group (NASDAQ: SBGI) has announced the promotion of Keith Pelletier to President of its Dielectric subsidiary. Pelletier has over 25 years of experience with Dielectric and previously served as Vice-President and General Manager. He played a crucial role in developing innovative solutions during the US Spectrum Repack, helping Dielectric achieve over 85% market share in TV antennas for this program. Pelletier aims to lead Dielectric in embracing technological advancements to meet broadcasters' future RF needs.
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced plans to redeem its $347.5 million 5.875% Senior Notes due 2026 on April 21, 2022. The redemption is contingent upon Sinclair Television Group, Inc. securing new term loan financing generating at least $750 million. The redemption price will be 101.958% of the principal plus accrued interest. Funding will come from financing proceeds and cash on hand. This announcement does not serve as a redemption notice and is not an offer for securities.
Sinclair Broadcast Group, Inc. (SBGI) announced that its subsidiary, Sinclair Television Group, Inc., plans to amend its credit agreement. This amendment includes new term loans to refinance an existing loan maturing on January 3, 2024, extending the loan's maturity to seven years post-amendment. It also intends to redeem 5.875% senior notes due in 2026 and extend its revolving credit facility's maturity by five years. The amendment is subject to customary market conditions.
FAQ
What is the current stock price of Sinclair (SBGI)?
What is the market cap of Sinclair (SBGI)?
