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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

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

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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

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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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Sinclair And Verizon Reach Multi-Year Distribution Agreement

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Sinclair, Inc. (Nasdaq: SBGI) has reached a multi-year distribution agreement with Verizon (NYSE: VZ) for carriage on FiOS TV, covering local television stations in 10 markets, Tennis Channel, and YES Network. The agreement ensures uninterrupted access to Sinclair's news, sports, and entertainment content. Financial terms were not disclosed.
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ROXi and Sinclair Partner to Create First Interactive NextGen TV Music Channels; ROXi to Preview Live at CES in Las Vegas

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ROXi, Inc. (SBGI) to Launch Interactive Music TV Channels in Partnership with Sinclair, Inc. at CES Las Vegas 2024
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Sinclair, Inc. Names Ryan Moore SVP and Chief Revenue Officer

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Sinclair, Inc. (SNC) has named Ryan Moore as the new SVP and Chief Revenue Officer. Moore will oversee sales and revenue growth strategies, including digital sales, for all of Sinclair’s television stations, networks, and Compulse, Sinclair’s marketing technology company. Moore's previous role was SVP and Chief Revenue Officer of Sports and Digital. Rob Weisbord, COO and President of Local Media, praised Moore's exceptional leadership and innovative thinking, highlighting his critical role in driving business growth. Moore joined Sinclair in 2013 and has held various executive sales leadership positions in the media industry. He is committed to leading teams in driving transformative results and maximizing revenue streams. Moore holds a BA in Communications from Seattle University.
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Patrick McFadden to Join Sinclair

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Sinclair, Inc. (SBGI) announced the appointment of Patrick McFadden as its Senior Vice President for Global Public Policy and Communications. McFadden brings extensive experience from the National Association of Broadcasters and Drinker Biddle & Reath LLP. Sinclair aims to leverage McFadden's expertise to drive its legislative and regulatory strategy, strategic communications, and messaging.
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Sinclair Expands Multicast Network Footprint in Top-Ten U.S. DMAs

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Sinclair Broadcast Group (SBG), a subsidiary of Sinclair Inc., has announced network distribution agreements with CBS Television Stations to add Sinclair’s free over-the-air (OTA) national broadcast TV networks Comet, CHARGE!, TBD., and The Nest to additional CBS affiliates in major markets. The expanded agreement positions Sinclair’s networks in key channel slots in several of the country’s top-10 markets, adjacent to all five broadcast networks. The announcement comes as Comet, CHARGE!, TBD., and The Nest have experienced significant growth, with a +24% increase in viewership from the prior year. This expansion demonstrates SBG's commitment to delivering compelling content to a broader audience across the US.
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KVIA-TV, KDBC-TV, KTSM-TV, KFOX-TV, and KTDO Launch NextGen TV in El Paso, Texas

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Local Broadcasters Bring High-Tech Television to Local Viewers EL PASO, Texas. The leading television stations in El Paso, including KVIA-TV (ABC), KDBC-TV (CBS), KTSM-TV (NBC), KFOX-TV (FOX), and KTDO (Telemundo), have launched NextGen TV, a revolutionary new digital broadcast technology. NextGen TV features stunning video with brilliant color, sharper images, and deeper contrast, providing a more life-like experience. It also includes advanced emergency alerts and new Voice+ dialogue enhancement. NextGen TV, powered by ATSC 3.0, is the most significant broadcast technology upgrade in history. The launch in El Paso follows a decade of development and months of planning and preparation by the local stations.
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FAQ

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

The current stock price of Sinclair (SBGI) is $16.185 as of November 15, 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

#2475 Ranked by Market Cap
#428 Ranked by Dividends

SBGI Stock Data

1.08B
42.65M
13.36%
63.2%
5.21%
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Television Broadcasting Stations
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