Sinclair Announces Planned Retirement of Barry Faber, President of Distribution and Network Relations
Sinclair Broadcast Group (Nasdaq: SBGI) announced the upcoming retirement of Barry Faber, President of Distribution and Network Relations, effective June 25, 2021. Faber, who has been with the Company for 25 years, played a crucial role in its growth and transformation within the broadcasting industry, overseeing significant acquisitions and advocating for compensation from pay-TV providers. Post-retirement, he will serve as a consultant for Sinclair. The Company will announce a successor later this year.
- Barry Faber contributed to Sinclair's growth into a leading broadcaster over his 25-year tenure.
- Faber successfully led initiatives for pay-TV providers to compensate Sinclair for its content.
- The transition plan includes Faber continuing as a consultant, ensuring continuity in leadership.
- None.
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (“Sinclair” or the "Company"), today announced the planned retirement of Barry Faber, President of Distribution and Network Relations, effective June 25, 2021. During his 25 years at the Company, Mr. Faber helped Sinclair grow into one of the largest and most diversified broadcasters in the country. During his years as General Counsel, Mr. Faber guided the Company through a multitude of acquisitions, including more than 150 broadcast stations and Tennis Channel. He is well known for leading Sinclair’s and the broadcast industry’s ground-breaking and ultimately successful efforts to be paid by pay-TV providers for their content. Mr. Faber has served as Sinclair’s President of Distribution and Network Relations since April 2019.
“Barry has been a key factor in propelling Sinclair to the forefront of the broadcasting industry and shaping its direction,” said David Smith, Sinclair Executive Chairman. “With Barry’s oversight, our Company took the lead and transformative step to be compensated for the cost of the high-quality programming that others were re-selling. Barry has been an integral part of our executive team for decades, positioning us as a leading broadcaster and diversified media company.”
“I am grateful for the opportunity to have worked with such a forward-looking and entrepreneurial company that always strives to better itself and the industry in which it operates,” said Faber. “David Smith and Chris Ripley, and all the others I have worked with over the years, have always been very supportive of my endeavors, for which I am very appreciative, and I extend my best wishes to them as they embark on the next chapter of Sinclair’s incredible journey.”
Mr. Faber will transition to a consultant for Sinclair after his retirement, continuing to provide services relating to distribution and network relations. Sinclair will announce his replacement later this year.
About Sinclair Broadcast Group, Inc.
Sinclair is a diversified media company and leading provider of local sports and news. The Company owns and/or operates 21 regional sports network brands; owns, operates and/or provides services to 186 television stations in 87 markets; is a leading local news provider in the country; owns multiple national networks; and has TV stations affiliated with all the major broadcast networks. Sinclair’s content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.
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