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) will announce its fourth quarter 2020 earnings results on February 24, 2021, at 7:30 a.m. ET. A conference call to discuss these results will follow at 9:00 a.m. ET. Interested participants can access the call via webcast at www.sbgi.net or by dialing 877-407-8033. Media members may attend in a listen-only mode. A replay of the call will be available exclusively on the company's website after the event.
Sinclair Broadcast Group (NASDAQ: SBGI) is set to launch its original news program, The National Desk, on January 18, 2021. Airing weekday mornings, it will be available on 68 Sinclair stations, including MY and CW channels, as well as on STIRR and Sinclair's news websites. Hosted by Jan Jeffcoat, the program aims to provide commentary-free news coverage, focusing on local stories that resonate nationally. Sinclair's goal is to connect local narratives with broader national conversations, enhancing public access to timely and accurate news.
Sinclair-owned WXLV-TV, the ABC affiliate for Winston-Salem, Greensboro, and High Point, will launch local newscasts on January 18. The new programming aims to provide educational and timely news, airing weekdays at 6:00 p.m. and 11:00 p.m. in partnership with ABC News. News Director Jake Peterson emphasizes the need for informative content that engages the Triad community, while General Manager Allison Aldridge highlights their commitment to advocacy and audience interaction. Chief Meteorologist Jonathan Weant will lead the weather department, bringing local expertise to the forecasts.
Sinclair Broadcast Group (Nasdaq: SBGI) has appointed Billy Robbins as Vice President & General Manager of WBFF in Baltimore, Maryland. With 17 years of experience at Sinclair, Robbins aims to strengthen the station's leadership in local news and programming, including popular shows like Jeopardy! and Wheel of Fortune. His previous roles include General Sales Manager and Station Manager. Sinclair operates numerous television stations and regional sports networks, enhancing its position as a leading provider of local news and sports content.
COLUMBUS, Ohio, Jan. 7, 2021 /PRNewswire/ -- Four leading local TV stations in Columbus, WSYX, WCMH-TV, WWHO, and WTTE, launched NEXTGEN TV, an advanced digital broadcast technology. This upgrade facilitates features like 4K video, immersive audio, personalized tools, and advanced emergency alerts. Powered by ATSC 3.0, it aims to integrate with 5G and broadband services. The launch, coordinated by BitPath, ensures ongoing accessibility for all viewers. Rescan instructions for antenna users can be found at fcc.gov/rescan.
Sinclair Broadcast Group (Nasdaq: SBGI) announced several promotions within its leadership on December 29, 2020. Key promotions include Paul Nesterovsky to SVP of Tax and Ethan Haire to VP of Associate General Counsel, among others. This restructuring aims to enhance operational efficiency and leadership capability across various departments such as Corporate Development and Marketing. Sinclair remains a major player in local news and sports, operating numerous television stations and regional sports networks nationwide.
ONE Media 3.0, a subsidiary of Sinclair Broadcast Group (SBGI), has launched a revolutionary service in Seattle, combining television and radio through the NEXTGEN TV standard. This service will allow viewers to access both television and radio programming using NEXTGEN-enabled TVs connected to the Internet. Consumers can enjoy free radio channels like Stingray Hits List and Stingray Hot Country via the STIRR service, marking a significant upgrade in broadcast technology with mobile delivery and high-quality video capabilities.
On December 16, 2020, seven local television stations in Seattle, including KOMO-TV, KIRO-TV, and KCPQ, launched NEXTGEN TV, utilizing ATSC 3.0 technology. This digital upgrade enables features like 4K video, immersive audio, and enhanced emergency alerts. The collaboration represents a significant technological advancement for Seattle-Tacoma, following a decade of development. BitPath coordinated the efforts of the stations to ensure programming continuity. The launch aims to elevate viewer experience through innovation and integration with 5G networks.
Sinclair Broadcast Group announced the closure of its $750 million private offering of Senior Secured Notes due 2030, priced at 100% face value with an interest rate of 4.125% payable semi-annually starting June 1, 2021. The proceeds will be used to redeem $550 million of higher-interest 2024 Notes and repay outstanding term loan amounts due in January 2024. The offering is intended for qualified institutional buyers and has not been registered under the Securities Act.
ONE Media 3.0 has appointed So Vang as Vice President for Emerging Technologies, effective immediately. Vang will lead the deployment of Next Generation broadcasting technologies, enhancing the company's strategic decisions in this domain. Previously, he held a significant role at the National Association of Broadcasters, spearheading ATSC 3.0 platform deployment. His experience includes developing innovations for targeted advertising and interoperability testing. This appointment aims to bolster ONE Media 3.0's mission in advancing broadcasting capabilities within the competitive landscape.
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