Sinclair Announces Scott Shapiro As Chief Strategy Officer Of Sports

Rhea-AI Summary

On July 21, 2020, Sinclair Broadcast Group (Nasdaq: SBGI) announced Scott Shapiro's appointment as Chief Strategy Officer/Sports alongside his role as Chief Development Officer. This newly created position focuses on managing strategic initiatives, exploring organic opportunities, and enhancing value across Sinclair's sports platform. Shapiro will collaborate with leadership across various channels and manage rights acquisitions. He has been with Sinclair since 2011 and has played a key role in developing the company into a diversified media entity.

Positive

• Scott Shapiro's appointment as Chief Strategy Officer/Sports indicates a focus on strategic growth in Sinclair's sports division.
• Shapiro brings extensive experience and a proven track record in corporate development and media initiatives.
• The company is well-positioned to enhance its value across various sports franchises.

Negative

• None.

BALTIMORE, July 21, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that Scott Shapiro has assumed the newly-created role of Chief Strategy Officer/Sports in addition to his current role of Chief Development Officer.  In his new role, Mr. Shapiro will be responsible for managing and executing large strategic initiatives, formulating and vetting organic opportunities, and working closely with RSN, Stadium, Broadcast and Tennis Channel leadership to create value across the entirety of Sinclair's sports platform.  Mr. Shapiro will serve as a key interface for the Company's professional team and league partners, and will work closely with internal and external counterparts on rights acquisitions and renewals.  He will continue to report into Chris Ripley, President & CEO of Sinclair Broadcast Group.

In making the announcement, Mr. Ripley said, "Scott has been a key contributor to transforming Sinclair into a diversified media company and helping to acquire the largest portfolio of local sports in the country.  In addition to his corporate development role, he has spent the last several years on innovative initiatives such as the launch of our 24/7 channels Comet, CHARGE!, TBD and Stadium, as well as the creation and launch of Marquee Sports Network."

Mr. Shapiro commented, "We have a tremendous opportunity to unlock additional value across our professional, college and high school franchises, and we are fortunate to be creating and distributing some of the most engaging content across the country. I can't think of a better platform to build upon, and it's a privilege to work with the leadership team we have here at Sinclair."

Mr. Shapiro has served as Senior Vice President/Chief Development Officer since the beginning of 2020. He joined Sinclair in 2011 and after fulfilling various roles in finance, launched the Corporate Development team in 2015 where he was promoted to Vice President in 2016 and to Senior Vice President in 2019. Previously he worked in Institutional Equity Research at Morgan Stanley and Prudential Equity Group. Mr. Shapiro additionally has an audit and tax background, working for both KPMG LLP and PricewaterhouseCoopers LLP.  Mr. Shapiro holds a Bachelor of Arts degree in History from the University of Rochester and a Master of Business Administration from the University of Virginia's Darden School of Business.

Mr. Shapiro represents Sinclair as a board member for Marquee Sports Network, YES Network, ZypMedia, Stadium and ScoreStream and is Sinclair's LPAC Member for Progress Ventures Fund 4.

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 23 regional sports network brands; owns, operates and/or provides services to 191 television stations in 89 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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SOURCE Sinclair Broadcast Group, Inc.

FAQ

What is the significance of Scott Shapiro's new role at Sinclair Broadcast Group?

Scott Shapiro's appointment as Chief Strategy Officer/Sports is significant as it highlights Sinclair's commitment to strategic growth and value creation in its sports platform.

How has Scott Shapiro contributed to Sinclair Broadcast Group before his new position?

Before his role as Chief Strategy Officer/Sports, Scott Shapiro was instrumental in launching various innovative initiatives and developing Sinclair into a diversified media company.

What responsibilities does Scott Shapiro have as Chief Strategy Officer/Sports?

As Chief Strategy Officer/Sports, Scott Shapiro is responsible for managing strategic initiatives, exploring organic opportunities, and overseeing rights acquisitions within Sinclair's sports divisions.

When was Scott Shapiro appointed to his new role at Sinclair Broadcast Group?

Scott Shapiro was appointed as Chief Strategy Officer/Sports on July 21, 2020.

What does Sinclair Broadcast Group's sports platform include?

Sinclair Broadcast Group's sports platform includes regional sports networks, partnerships with professional teams and leagues, and various media channels.