Sinclair Inc

Sinclair Broadcast Group, Inc. is a media company engaged in the provision of local sports and news. It operates through the following segments: Broadcast, Local Sports, and Others. The Broadcast segment consists of television stations which offer programming and operating services, and sales and other non-programming operating services. The Local Sports segment consists of regional sports networks, the Marquee Sports Network, Yankee Entertainment, and Sports Network LLC. The company was founded by Julian Sinclair Smith in 1986 and is headquartered in Hunt Valley, MD.

Earnings data Q1 2021

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Sinclair Inc reports record revenues in 2022, eyes technology investments

Sinclair Inc's Q4 2022 earnings call highlighted strong financial performance, strategic investments in technology, and a focus on sustainability. Challenges include declines in net retrans growth and negotiations with CBS stations. Opportunities exist in political ad revenue, distribution renewals, and deleveraging through buybacks.

Sinclair Inc (SBGI) reports strong Q1 performance and eyes growth opportunities

Sinclair Inc (SBGI) showcased strong financial and operational performance in Q1 2023, driven by robust media revenues and strategic advancements in key assets.
While facing challenges from industry uncertainties and leverage changes, Sinclair's reorganization and technology investments position it well for future growth.
Opportunities lie in FCC initiatives, leverage reduction plans, subscriber repricing, and strong local ad performance, offering avenues for revenue enhancement.
Overall, Sinclair's focus on innovation, strategic growth, and revenue diversification underscores its resilience and potential for sustained success in the market.

Sinclair Inc exceeds Q2 expectations, eyes growth in political advertising

Sinclair Inc's Q2 2023 performance showcased resilience in revenue generation and cost management, with the Local Media segment contributing significantly to adjusted EBITDA.
Despite challenges in programming exclusivity and fundraising, the company's strengths in community relevance and strategic partnerships position it well for future growth opportunities.
Opportunities in political advertising, technology investments, and debt reduction strategies present avenues for Sinclair to drive revenue growth and enhance shareholder value.

Sinclair Inc surpasses Q3 expectations, eyes record political ad revenues

Sinclair Inc (SBGI) delivered strong financial results in Q3 2023, exceeding guidance and showcasing resilience in a competitive market.
The company's focus on local media transformation, strategic pillars, and diversified revenue streams underpin its growth trajectory.
While facing challenges in navigating industry dynamics and managing debt reduction, Sinclair is well-positioned to capitalize on opportunities in political ad spending and digital advertising.
Overall, Sinclair's innovative initiatives, commitment to operational excellence, and strategic investments position it for sustainable growth and value creation.

Sinclair Inc reports solid Q4 results and eyes growth in 2024

Sinclair Inc's Q4 earnings call highlighted strong performance, diverse strengths, key challenges, and promising opportunities for growth in 2024.
The company's focus on industry leadership, financial stability, and strategic growth drivers positions it well for the future amidst evolving market dynamics.
By addressing challenges, leveraging strengths, and seizing growth opportunities, Sinclair Inc aims to maintain its competitive edge and drive value for stakeholders.

Sinclair Inc reports strong Q1 results and focuses on debt reduction for future growth

Sinclair Inc (SBGI) showcased strong Q1 performance, with a focus on debt reduction and shareholder returns.
The company faces challenges from subscriber churn and interest rate impacts but is poised for revenue growth opportunities.
Opportunities lie in political revenues, asset monetizations, and diversified sales approaches for future financial strength.
Strategic investments in core advertising, debt reduction, and asset monetizations position Sinclair for sustained growth and profitability.

Sinclair Inc reports robust Q2 results, eyes growth opportunities ahead

Sinclair Inc (SBGI) delivered strong Q2 financial results, with revenue meeting expectations and adjusted EBITDA exceeding guidance. The company's emphasis on Local Media Broadcast assets and broadcast television's value showcases its market positioning and revenue potential.
Despite facing challenges in maintaining advertising growth and adapting to changing media dynamics, Sinclair Inc's strong performance and diversified revenue streams provide a solid foundation for future growth. The company's focus on trust in local news and revenue diversification highlights strategic priorities for sustained success.
With opportunities to leverage its assets for national reach, capitalize on live sports programming, and explore new revenue streams, Sinclair Inc is well-positioned for growth. By embracing digital integration and innovative strategies, the company can navigate challenges and drive long-term success in the evolving media landscape.

Sinclair Inc. reports solid Q3 results, eyes industry consolidation opportunities

Sinclair Inc. delivered solid Q3 results with record political ad revenues and growth in core advertising and distribution revenues.
The company faces challenges from late political ad cancellations impacting revenues and an expected decline in core advertising for Q4.
Opportunities lie in industry consolidation, M&A activities, debt management, and diversification through new product launches.
Sinclair remains focused on reducing leverage, exploring growth opportunities, and maximizing efficiencies in debt management for future success.

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Sinclair, Inc. is a media company that engages in providing content on local television stations and digital platforms. It also owns digital media products that are complementary to their extensive portfolio. It operates through the Local Media and Tennis segments. The company was founded by Julian Sinclair Smith in 1971 and is headquartered in Hunt Valley, MD.

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) will report its second quarter 2022 earnings results at 7:30 a.m. ET on Wednesday, August 3, 2022, followed by a conference call to discuss the results at 9:00 a.m. ET. The Company plans to host a conference call later in August to discuss second quarter 2022 financial results of Diamond Sports Group. The call will be webcast live and can be accessed at www.sbgi.net under "Investors." The dial-in number for the earnings c

Sinclair to Report Second Quarter 2022 Results on August 3, 2022 at 7:30 a.m. (Eastern Time)

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (Nasdaq: SBGI) today announced that the company has awarded scholarships to 17 university students as a part of its annual Diversity Scholarship program. Having provided more than $250,000 in tuition assistance since 2013, the scholarship program aims to invest in the future of the broadcast industry and help students from diverse backgrounds, who reflect Sinclair's audiences nationwide, complete their education and pursue careers in broadcas

Sinclair Broadcast Group Announces 2022 Annual Diversity Scholarship Winners, Shaping the Future of Broadcasting

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), a diversified media company and a leader in local news and sports, announced the following promotions within the company's finance organization: Daniel Gallagher to VP, Operations Controller from Operations Controller Derek Nance to VP, Corporate Controller from Corporate Controller Sheila Holland to AVP/Digital Controller from Digital Controller Chris Hummel to AVP/Shared Services Controller from Senior Regional Control

Sinclair Announces Finance Organization Promotions

LINCOLN, Neb.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Joni Rippen has been named Vice President/General Manager of KHGI/ABC and KFXL/FOX in Nebraska's Lincoln-Hastings-Kearney region. Rippen was most recently General Sales Manager at KHGI and KFXL. In making the announcement, Rob Weisbord, Sinclair's Chief Operating Officer and President of Broadcast, said, “Joni has deep roots and a long history of success in the Central and Western regions of Nebraska,

Sinclair Broadcast Group Names Joni Rippen Vice President/General Manager of KHGI and KFXL in Lincoln, Nebraska

Sinclair (SBGI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Sinclair (SBGI) Upgraded to Buy: What Does It Mean for the Stock?

Sinclair (SBGI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Sinclair (SBGI) Soars 5.5%: Is Further Upside Left in the Stock?

ALBANY, N.Y.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Robert Croteau has been named Vice President/General Manager of WRGB/CBS6 and WCWN/CW15 in Albany, NY. Croteau was most recently Director of Sales at WRGB and WCWN. In making the announcement, Rob Weisbord, Sinclair's Chief Operating Officer and President of Broadcast, said, “With nearly two decades of executive sales leadership at WRGB and WCWN, Rob has a long history of success in the Albany market. W

Sinclair Broadcast Group Names Robert Croteau Vice President/General Manager of WRGB and WCWN in Albany, NY

Sinclair Broadcast Group's long-anticipated direct-to-consumer regional sports streaming app will have a soft launch this Thursday, June 23, 2022. While this isn't a full rollout, Bally Sports+ will initially be available in five markets to stream Kansas City Royals, Milwaukee Brewers, Miami Marlins, Detroit Tigers, and Tampa Bay Rays.

Sinclair to launch $20/mo direct-to-consumer streaming service Bally Sports+ on June 23

SAN ANTONIO, Texas--(BUSINESS WIRE)--Four television stations serving the San Antonio market yesterday began broadcasting with NEXTGEN TV, a revolutionary new digital broadcast technology. Yesterday's launch includes KABB (FOX), WOAI-TV (NBC), KMYS (DABL) and KCWX (MyNet). Based on the same fundamental technology as the Internet and digital apps, NEXTGEN TV can support a wide range of features that are currently in development. In addition to providing a new, improved way for broadcasters to re

Major Broadcasters Launch NEXTGEN TV on Four Local Television Stations in San Antonio

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group's free over-the-air, national, multicast television networks, COMET, CHARGE! and TBD today announced a wide range of network affiliate upgrades and new TV series additions, strengthening the networks heading into the 2022/23 television season. By September, the networks will add over 13 million new TV households to their existing footprints. Upgrades include moving to stronger broadcast affiliates, several of which include DMA-wide MVPD carri

COMET, CHARGE! and TBD Multicast Networks Secure Nationwide Affiliate Growth and Add New Series to Primetime and Late Night Schedules, Driving Strong Increases in Viewership

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (NASDAQ: SBGI) announced Adam Ware has been elevated to SVP, Growth Networks Group, and will continue to oversee the company's national multicast networks, COMET, CHARGE! and TBD, as well as digital and OTT streaming platform STIRR. Ware was previously Vice President and General Manager of the group. The announcement was made by Scott Ehrlich, Sinclair's Chief Innovation Officer. Sinclair's free over-the-air, national, multicast television ne

Sinclair Names Adam Ware Senior Vice President, Growth Networks Group

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FRESNO, Calif.--(BUSINESS WIRE)--The leading television stations serving the Fresno-Visalia market today began broadcasting with NEXTGEN TV, a revolutionary new digital broadcast technology. Today's launch includes KGPE (CBS), KMPH-TV (FOX), KSEE (NBC), KNSO (Telemundo) and KFRE-TV (CW). Based on the same fundamental technology as the Internet and digital apps, NEXTGEN TV can support a wide range of features that are currently in development. In addition to providing a new, improved way for bro

Major Broadcasters Launch NEXTGEN TV on Five Local Television Stations in Fresno-Visalia

GREENVILLE, S.C.--(BUSINESS WIRE)--The leading television stations serving the Greenville-Spartanburg-Asheville-Anderson market today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes WLOS (ABC), WSPA-TV (CBS), WHNS (FOX), WYFF (NBC) and WMYA-TV (MyNet). Based on the same fundamental technology as the Internet and digital apps, NextGen TV can support a wide range of features that are currently in development. In addition to providing a

Major Broadcasters Launch NextGen TV On Five Local Television Stations in Greenville, SC

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (Nasdaq: SBGI) is proud to announce that 12 of its newsrooms have been honored with the prestigious RTDNA Regional Edward R. Murrow Award for Outstanding Journalism. In total, these stations brought home a collective 21 awards, a testament to the company's commitment to providing the best in local journalism. The Murrow Awards are sponsored by the Radio Television Digital News Association (RTDNA) and honor outstanding achievements in broadcas

Sinclair Broadcast Group Wins 21 RTDNA Regional Edward R. Murrow Awards

BALTIMORE--(BUSINESS WIRE)--Diamond Sports Group (“Diamond”), a subsidiary of Sinclair Broadcast Group (NASDAQ: SBGI), today announced Michael Schneider has been named Chief Operating Officer and General Manager of Bally Sports+, its new direct-to-consumer (DTC) sports division. In this newly created role, Schneider will have operational oversight over the Bally Sports+ participatory DTC sports platform, anchored by Bally Sports' live event programming, while providing fans a year-round opportu

Diamond Sports Group Names Michael Schneider Chief Operating Officer and General Manager of Bally Sports Direct-to-Consumer Business

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (NASDAQ: SBGI) announced today that Scott Ehrlich has been named to the newly created position of Chief Innovation Officer. The announcement was made by Chris Ripley, President and Chief Executive Officer of Sinclair. In the newly created role, Ehrlich will build on the company's rich history of innovation and create the company's first dedicated cross functional research and development group to coordinate and accelerate efforts across conte

Sinclair Names Scott Ehrlich as Company's First Chief Innovation Officer

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (NASDAQ: SBGI) today announced Ryan Moore has been named Chief Revenue Officer/SVP of Digital Sales and Sports. Moore was previously the company's Senior Vice President of Digital Sales, a position he has held since 2019. In addition to continuing oversight for all broadcast digital sales and Compulse, Sinclair's marketing technology and managed services company, Moore will add oversight of revenue and sales strategy for Tennis, Stadium, and

Sinclair Names Ryan Moore Chief Revenue Officer and SVP of Digital Sales and Sports

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RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds will host its 14th Annual Entertainment & Broadcasting Symposium at the Harvard Club in New York City on Thursday, June 2, 2022. The symposium will feature discussions with leading companies and organizations across the media ecosystem, with an emphasis on industry dynamics, current trends, and business fundamentals. It will also include a Sports Investing Panel. For those who cannot attend in person, the symposium will also be available via webcast

Gabelli Funds to Host 14th Annual Entertainment & Broadcasting Symposium Thursday, June 2, 2022

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI ) Q1 2022 Earnings Conference Call May 4, 2022 9:00 AM ET Company Participants Lucy Rutishauser - Executive Vice President & Chief Financial Officer Billie-Jo McIntire - Director, Investor Relations Chris Ripley - President & Chief Executive Officer Rob Weisbord - President, Broadcast & Chief Operating Officer Steve Zenker - Vice President, Investor Relations Conference Call Participants Aaron Watts - Deutsche Bank Dan Kurnos - The Benchmark Company Steven Cahall - Wells Fargo David Karnovsky - JPMorgan Barton Crockett - Rosenblatt Securities Lance Vitanza - Cowen David Hamburger - Morgan Stanley Avi Steiner - JPMorgan Operator Ladies and gentlemen welcome to the Sinclair Broadcast Group First Quarter 2022 Earnings Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for questions and comments after the presentation.

Sinclair Broadcast Group, Inc. (SBGI) CEO Chris Ripley on Q1 2022 Results - Earnings Call Transcript

Sinclair (SBGI) delivered earnings and revenue surprises of 122.29% and 15.73%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Sinclair (SBGI) Tops Q1 Earnings Estimates

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three months ended March 31, 2022. First Quarter Highlights: Broadcast & Other advertising revenue increased 7% from the same period a year ago. Effective March 1, 2022, recapitalized debt obligations of Diamond Sports Group ("DSG"), a subsidiary of the Company, including raising additional capital, solidifying its capital position. In connection w

Sinclair Reports First Quarter 2022 Financial Results

BALTIMORE--(BUSINESS WIRE)--Diamond Sports Group, LLC (“DSG,” “Diamond,” or the “Company”), a subsidiary of Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (“Sinclair”), announced the appointment of a new slate of directors to oversee DSG in conjunction with the recent closing of a new $635 million facility to enable DSG to expand and strengthen its operational platform including emerging opportunities in the direct-to-consumer (“DTC”) sports streaming space. The new Board will consist of seasone

Diamond Sports Announces New Board of Managers

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (NASDAQ: SBGI) is pleased to announce its television stations were honored with a total of six National Headliner Awards, including top honors in the Public Service and Health/Science categories. The National Headliner Awards, one of the oldest and largest journalism contests, recognizes the best journalistic merit in the United States. The following are the awards won by Sinclair Broadcast Group: Spotlight on America, Sinclair Broadcast Grou

Sinclair Broadcast Group Wins Six National Headliner Awards

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), has entered into the Fourth Amendment (“Fourth Amendment”) to its Seventh Amended and Restated Credit Agreement, dated as of August 23, 2019, as amended with JPMorgan Chase Bank, N.A., as administrative agent, the guarantors party thereto and the lenders and other parties thereto, to, among other things

Sinclair Closes Refinancing and Extension of STG Credit Facilities

LAS VEGAS--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced its intention to offer high dynamic range (HDR) content for its Bally Sports Regional Sports Networks (RSNs) beginning in the third quarter of 2022. Premier demonstrations are being shown at the NAB 2022 Show. Sinclair, working closely with its Bally Sports RSNs and technology vendors, has provided an “end-to-end” approach to transition the sports industry to a more realistic and engaging viewing experience. Lev

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