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) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Class B common stock. The dividend is payable on December 15, 2021, to the holders of record at the close of business on December 1, 2021. 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,

Sinclair Declares $0.20 Per Share Quarterly Cash Dividend

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and nine months ended September 30, 2021. Third Quarter Highlights Consolidated total revenue of $1,535 million was flat to the third quarter of 2020. Consolidated operating income of $73 million, including $27 million of non-recurring costs for transaction and transition services, COVID, legal, and regulatory costs ("Adjustments"), increased com

Sinclair Reports Third Quarter 2021 Financial Results

ERLANGER, Ky.--(BUSINESS WIRE)--DAV (Disabled American Veterans) has teamed up with Sinclair Broadcast Group to showcase the organization's 100 years of advocacy on behalf of our nation's ill and injured veterans and highlight its dedication and commitment to serving past, present and future disabled veterans. “The Battle Never Ends,” an hour-long documentary highlighting the origins of DAV and its accomplishments throughout the past century, will air on Sinclair's television stations across th

“The Battle Never Ends”

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Sharon Merrell has been named VP/GM of KBOI (CBS) and KYUU (CW), Sinclair's television stations in Boise, Idaho. Merrell joins Sinclair from WCIA (CBS) in Champaign, IL where she was Vice President and General Manager. Previously, Merrell served as General Manager of KHQA (CBS), Sinclair's Quincy, IL television station. Under her leadership, KHQA received its first Edward R. Murrow award for journalistic e

Sinclair Broadcast Group Names Sharon Merrell VP/GM of KBOI and KYUU in Boise, Idaho

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group's (Nasdaq: SBGI) Cathy Jamison has been named one of Cynopsis 2021 Top Women in Media. The awards recognize the most influential women in entertainment, sports and tech media – those who inspire others and are moving the media industry forward. Jamison is being honored in the Marketing Trailblazer category for her work as Sinclair Broadcast Group's SVP of Marketing. Since joining Sinclair in 2019, Jamison launched a Corporate Sales Marketing

Cathy Jamison, Sinclair Broadcast Group's SVP of Marketing, Honored with Cynopsis 2021 Top Women in Media Award

Sinclair (SBGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Sinclair (SBGI) Q3 Earnings Expected to Decline

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (Nasdaq: SBGI) has awarded scholarships to seven university students as a part of its annual Diversity Scholarship program. Having provided more than $100,000 in tuition assistance during the last six years, the scholarship program aims to invest in the future of the broadcast industry. The primary goal of the scholarships is to help diverse students, who reflect Sinclair's audiences nationwide, complete their education and pursue careers in

Sinclair Broadcast Group Announces 2021 Annual Diversity Scholarship Winners, Shaping the Future of Broadcasting

LOS ANGELES--(BUSINESS WIRE)--Bally Sports, a division of Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) today announced Kendall Burgess has been promoted to Vice President of Technical Operations for the regional sports networks (RSNs). Burgess will report to Mike Connelly, Executive Vice President, Production, Bally Sports, and will oversee technical operations for live events and original programming across the company's 19 RSNs. “Kendall has developed a wealth of knowledge and production exp

Bally Sports Names Kendall Burgess Vice President of Technical Operations

ERLANGER, Ky. & BALTIMORE, Md.--(BUSINESS WIRE)--DAV (Disabled American Veterans) and Sinclair Broadcast Group announced today the launch of the “Sinclair Cares: Supporting All Veterans” partnership. With the goal of increasing support for our nation's veterans, Sinclair will encourage viewers and employees to volunteer to support veterans in their communities or donate to help DAV offer free support services to more than a million veterans across the US each year. The campaign will run through

Disabled American Veterans (DAV) and Sinclair Broadcast Group Launch Partnership Urging the Public to Support America's Veterans

Sinclair Broadcast Group Inc (NASDAQ: SBGI) detected and began investigating and taking steps to contain a potential security incident on October 16. On October 17, Sinclair detected that ransomware encrypted specific servers and workstations in its environment and disrupted particular office and operational networks.

Key Takeaways From Sinclair Broadcast's Ransomware Attack

The local TV chain, known for its conservative viewpoints, says its systems have been infected with ransomware. Sinclair Broadcast Group, which owns and operates local TV stations across the country, said Monday it had discovered over the weekend that some of its systems were “encrypted with ransomware.

Controversial TV station owner Sinclair Broadcast Group struck by ransomware

Sinclair Broadcast Group, one of the largest TV station operators in the US, said Monday that a ransomware incident had disrupted some of its office and operational networks.

Sinclair Broadcast Group hit by ransomware attack

U.S. TV station operator Sinclair Broadcast Group said on Monday it had found some of its servers and workstations had been encrypted with ransomware, disrupting office networks.

U.S. TV station operator Sinclair hit by ransomware attack

Sinclair Broadcast Group Inc. shares SBGI, -2.51% slid 1.5% in premarket trade Monday, after the operator of TV stations said it is investigating a potential cybersecurity incident. The Baltimore, Md.

Sinclair Broadcast says it is investigating ransomware attack that took data from its networks, shares down 1.5% premarket

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group Provides Information On Cybersecurity Incident

Sinclair Broadcast Group Provides Information On Cybersecurity Incident

Sinclair spent $10 billion to acquire seemingly valuable regional sports networks from Disney, only to watch the market quickly shun the once-profitable business.

A Bet on Sports Programming Gone Wrong

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group is pleased to announce two of its television stations, one station Sinclair operates and Marquee Sports Network have been awarded a total of five PromaxBDA Local Station Promotion and Marketing Awards. These awards honor outstanding promotion, marketing, and design content in the entertainment industry throughout North America. “We are extremely proud of the quality of work being produced by our creative teams at the local level, and we are t

Sinclair Broadcast Group Wins 5 PromaxBDA Local Station Promotion and Marketing Awards

ASHEVILLE, N.C.--(BUSINESS WIRE)--In mid-August, catastrophic rain brought by Tropical Storm Fred moved across Western North Carolina, having a devastating impact on Haywood County. The storm resulted in extensive flooding to the region, destroying homes, washing out bridges and roads, and taking several lives. As the water receded and the enormous scope of the damage became clear, WLOS, Sinclair Broadcast Group's television station in Asheville, immediately took action to help residents. In pa

“Hope for Haywood” WLOS-TV in Asheville, NC Raises Over $1 Million to Help Local Victims of Tropical Storm Fred

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) will report its third quarter 2021 earnings results at 7:30 a.m. ET on Wednesday, November 3, 2021, followed by a conference call to discuss the results at 9:00 a.m. ET. The call will be webcast live and can be accessed at www.sbgi.net under "Investors/ Webcasts." The dial-in number for the earnings call is 888-506-0062, with entry code 714886. If you plan to participate on the conference call, please call at least two mi

Sinclair to Report Third Quarter 2021 Results on November 3, 2021 at 7:30 a.m. (Eastern Time)

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced the company's television stations collectively raised nearly $700,000 for local charities through regional back-to-school drives. Across the group, over 30 of Sinclair's television stations created local back-to-school fundraising and supply donation initiatives in their markets. From phone bank and online fundraising, to in-person “stuff the bus” and “operation backpack” drives, the stations raised nearly

Sinclair Broadcast Group Raises Nearly $700,000 for Local Charities in Stations' Back-to-School Drives

E. W. Scripps

CINCINNATI--(BUSINESS WIRE)--Cincinnati's leading television stations today began broadcasting with NEXTGEN TV, a revolutionary new digital broadcast technology. Today's launch includes WCPO-TV (ABC), WKRC-TV (CBS), WLWT (NBC), WXIX-TV (FOX) and WSTR-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 new, improved way for broadcasters to reach viewers

Major Broadcasters Launch NEXTGEN TV on Five Local Television Stations in Cincinnati, OH

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced John Manzi has been named Vice President and General Manager of KSAS-TV (FOX), and the simulcast stations, in the Wichita-Hutchinson, Kansas market. Manzi will also be responsible for the oversight of KMTW-TV (MNT). Manzi joins KSAS from RNN National, where he was the Group Vice President of Operations, overseeing the systems and operations for the company's nine television stations. Prior to his role at R

Sinclair Broadcast Group Names John Manzi Vice President And General Manager of KSAS-TV in Wichita, Kansas

WASHINGTON--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced “Full Measure with Sharyl Attkisson” will return for its seventh season, beginning on September 12, with an original investigation into the US-Mexico border crisis. Hosted by award-winning journalist Sharyl Attkisson, “Full Measure” focuses on investigative and accountability reporting. The 30-minute, weekly program airs on Sinclair television stations nationwide on Sunday mornings, and features topics ra

“Full Measure with Sharyl Attkisson” Sinclair Broadcast Group's Weekly Investigative News Program Returns for Seventh Season on Sunday, September 12

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BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced the company's Unmanned Aerial Systems (UAS) drone program recently completed its 25,000th logged flight. Sinclair's program, which launched in 2016, operates across 45 of its newsrooms nationwide, with 119 FAA Part 107 certified pilots and 195 trained visual observers across its stations. The 25,000th flight took place on August 23rd in Dayton Ohio, as WRGT pilot Lee Furry and visual observer Ryan Segda re

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