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Sinclair, Inc. - SBGI STOCK NEWS

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.

News

Comet, CHARGE! and TBD. Deliver Highest Viewership in Networks’ History

Rhea-AI Summary
Sinclair Broadcast Group, LLC, subsidiary of Sinclair Inc., (Nasdaq: SBGI), reports significant growth in viewership for its free, over-the-air national networks Comet, CHARGE! and TBD. The networks experienced unprecedented year-over-year growth in 2023, with Comet +17%, CHARGE +37%, and TBD +10%, and the trend continued in January 2024. Key programming highlights include series launches of Grimm, Law & Order: Criminal Intent, Whose Line is it Anyway?, Key & Peele, and Punk’d. The networks have emerged as leaders in the multicast TV sector, securing distribution upgrades and launching a new network called The Nest. The company is optimistic about the future of multicast TV and continues to invest in the sector.
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Sinclair and Futuri Announce Strategic Partnership to Innovate Television Sales with AI Technology

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Sinclair Broadcast Group, LLC, a subsidiary of Sinclair Inc. (Nasdaq: SBGI), has announced a strategic partnership with Futuri, integrating Futuri's advanced AI-driven sales system, TopLine®, into Sinclair's 186 owned and or operated television stations. The partnership follows a successful pilot program demonstrating the tool's effectiveness in improving sales efficiency and revenue growth. This collaboration signifies both companies' commitment to technological advancement in the broadcasting industry.
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Sinclair Broadcast Group Names Amy Calvert Vice President/General Manager of KOKH and KOCB in Oklahoma City

Rhea-AI Summary
Sinclair appoints Amy Calvert as Vice President/General Manager of KOKH/FOX and KOCB, their television stations in Oklahoma City. Calvert brings extensive experience in the broadcast industry and is well-connected in Oklahoma. She aims to strengthen the stations' community bonds and grow their presence in the region.
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Sinclair Broadcast Group Names Jennifer Hansen Vice President/General Manager of WBMA/WABM and WTTO in Birmingham

Rhea-AI Summary
Sinclair announces Jennifer Hansen as the new Vice President/General Manager of WBMA/WABM and WTTO in Birmingham. Hansen brings a strong leadership record from her previous roles at Sinclair and The Walt Disney Company. She aims to deliver compelling content, engage audiences, and drive success across all platforms. Hansen's expertise will be a valuable addition to the market. She holds an MBA from MIT, a Bachelor of Arts in Psychology, and has served on several boards.
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Sinclair to Report Fourth Quarter 2023 Results on February 28, 2024 at 4:00 P.M. (Eastern Time)

Rhea-AI Summary
Sinclair, Inc. (Nasdaq: SBGI) is set to release its fourth quarter 2023 earnings results on February 28, 2024, followed by a conference call to discuss the results. The call will be webcast live and a replay will be available on the company's website. Members of the news media are welcome to participate in a listen-only mode.
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Sinclair Broadcast Group Names Diana Wilkin Vice President/General Manager of WPEC/WTVX/WTCN in West Palm Beach

Rhea-AI Summary
Sinclair appoints Diana Wilkin as Vice President/General Manager of WPEC/CBS, WTVX/CW, and WTCN/MY in West Palm Beach, Florida. Wilkin previously managed Sinclair’s TV stations in Oklahoma City. She has an extensive background in media leadership, including roles at CBS Network and FOX Broadcasting. Wilkin is excited to return to WPEC and is committed to driving growth, innovation, and community engagement in South Florida.
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Sinclair and National Content & Technology Cooperative (NCTC) Announce Renewal of Long-Term Distribution Agreement

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Sinclair, Inc. (SBGI) has renewed its distribution agreement with the National Content & Technology Cooperative (NCTC), representing almost 700 cable and broadband operators in the US. The agreement includes retransmission consent for Sinclair's local stations and Tennis Channel, ensuring availability to independent cable system operators across the country. This move aims to serve rural and underserved communities, showcasing a commitment to nationwide reach and accessibility.
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Sinclair and FOX Reach Agreement to Renew All FOX Affiliations Nationwide

Rhea-AI Summary
Sinclair, Inc. (Nasdaq: SBGI) and FOX Corporation have renewed their broadcast divisions' agreement for a multi-year renewal of all FOX affiliations in Sinclair markets. The 41 renewed markets serve approximately 19 million TV households. The agreement includes the early renewal of 17 markets and ensures the continuation of premier sports and entertainment programming, such as the NFL, Baseball Night in America, the World Series, and college football and basketball, paired with best-in-class local news and syndicated programming.
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Sinclair Announces Global Settlement of All Diamond Sports Group-Related Litigation Issues, Including Agreement with Diamond on Management Services Agreement Amendment

Rhea-AI Summary
Sinclair, Inc. (SBGI) has reached a global settlement with Diamond Sports Group, LLC (DSG) to resolve litigation, including an amendment to the Management Services Agreement. The settlement involves a cash payment of $495 million from Sinclair to DSG, with an estimated net cost to Sinclair of $250-325 million after tax benefits and other payments. The settlement is subject to final documentation and court approval, and Sinclair will provide transition services to DSG. If the settlement is not approved, Sinclair will continue to defend against the claims.
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Sinclair Announces Company Promotions

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Sinclair (SBGI) announces a series of promotions across the company, including corporate, Sinclair Television Group, and Tennis Channel promotions. The promotions are effective immediately and cover a wide range of positions within the company.
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FAQ

What is the current stock price of Sinclair (SBGI)?

The current stock price of Sinclair (SBGI) is $15.91 as of December 24, 2024.

What is the market cap of Sinclair (SBGI)?

The market cap of Sinclair (SBGI) is approximately 1.1B.

What is Sinclair, Inc.?

Sinclair, Inc. is a major media company and the owner-operator of one of the largest portfolios of television stations in the U.S.

How many television stations does Sinclair operate?

Sinclair operates 185 full power television stations across 86 markets in the United States.

With which national broadcasters are Sinclair's channels affiliated?

Sinclair's channels are affiliated with Fox, ABC, CBS, NBC, The CW (Nexstar), and MyNetworkTV (Fox).

What sports networks does Sinclair own or have stakes in?

Sinclair owns the Tennis Channel and holds stakes in Marquee Sports Network and YES Network.

Who is a major creditor of Sinclair, Inc.?

Chatham Asset Management, LLC is one of the largest creditors of Sinclair, Inc.

What recent financial strategy has Sinclair implemented?

Sinclair is focusing on debt refinancing options, including a proposed exchange of existing debt securities into new junior lien bonds, as suggested by Chatham Asset Management.

What is the significance of Sinclair in the media industry?

Sinclair plays a pivotal role in American broadcasting with a vast network of stations, diverse content offerings, and strategic partnerships.

How does Sinclair distribute its sports content?

Sinclair distributes its sports content through pay-TV providers, leveraging its ownership and stakes in various sports networks.

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Sinclair, Inc.

Nasdaq:SBGI

SBGI Rankings

#2498 Ranked by Market Cap
#438 Ranked by Dividends

SBGI Stock Data

1.06B
60.68M
13.36%
65.84%
3.85%
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Television Broadcasting Stations
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