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.

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair Broadcast Group, LLC, a subsidiary of Sinclair, Inc. (NASDAQ: SBGI) today announced that it will carry Tennis Channel's T2 as a free, streaming, virtual channel in all of its markets nationwide that have deployed the new NextGen Broadcast standard (ATSC 3.0). T2 is Tennis Channel's second television network. The channel is broadly accessible, especially to younger-adult viewers, and includes matches from the men's and women's professional tours and te.

Sinclair Announces Virtual Carriage – Tennis Channel's T2

D2L continues to advance commitment to 'Secure by Design' pledge made at White House summit TORONTO , March 20, 2024 /PRNewswire/ - D2L, a global learning technology company, has launched a free K-12 Cybersecurity course, in partnership with Sinclair Community College, to help meet commitments outlined during the White House's Cybersecurity Summit for K-12 Schools. The course builds on the progress that D2L has already made toward these commitments as well as its long-standing industry-leading practices and educational mission.

D2L and Sinclair Community College Launch Free K-12 Cybersecurity Course

In the closing of the recent trading day, Sinclair (SBGI) stood at $11.63, denoting a +0.52% change from the preceding trading day.

Sinclair (SBGI) Ascends But Remains Behind Market: Some Facts to Note

HUNT VALLEY, Md. & ARLINGTON, Va.--(BUSINESS WIRE)--Sinclair Broadcast Group, LLC, a subsidiary of Sinclair, Inc. (NASDAQ: SBGI) and America's Public Television Stations (APTS) today announced that, in markets where Sinclair has deployed NEXTGEN Broadcast Service (ATSC 3.0) and a public television station has not, Sinclair will provide free carriage of a virtual channel from that public television station. Carriage of a broadcast-enabled virtual channel involves transmitting programming data wi.

Sinclair and APTS Announce Free Virtual Channel Hosting for Public Television Stations Not Yet Transmitting in ATSC 3.0

The latest trading day saw Sinclair (SBGI) settling at $13.31, representing a -1.04% change from its previous close.

Sinclair (SBGI) Stock Sinks As Market Gains: Here's Why

BALTIMORE & WASHINGTON--(BUSINESS WIRE)--Sinclair Inc. (Nasdaq: SBGI) today announced a partnership with Reading Is Fundamental (RIF), the nation's leading children's literacy nonprofit, to launch Sinclair Cares: Supporting Children's Literacy. The nationwide campaign seeks to create awareness around children's literacy challenges and help get books into the hands of children across the U.S. through a virtual book drive. The Sinclair Cares: Supporting Children's Literacy campaign will run throu.

Sinclair and Reading Is Fundamental Launch Sinclair Cares: Supporting Children's Literacy

Sinclair Broadcast Group, Inc. (SBGI) Q4 2023 Earnings Call Transcript

BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and twelve months ended December 31, 2023. Highlights: Met guidance on all key financial metrics Tennis Channel exceeded guidance ranges on all key financial metrics Tennis Channel International acquired WTA rights in India and Spain Repurchased approximately $27 million of principal value of debt to date in 2024 CEO Comment: “Sinclair delivered a solid finish t.

Sinclair Reports Fourth Quarter 2023 Financial Results

TRI-CITIES, Tenn.--(BUSINESS WIRE)--Sinclair today announced that Jim Doty has been named VP/GM of WCYB (NBC/CW) and WEMT (FOX) in the Tri-Cities region of Tennessee and Virginia. Doty was most recently VP/GM at 23ABC in Bakersfield, CA. Prior to 23ABC, he was the General Manager at WJAC-TV, Sinclair's station in Johnstown, PA. In making the announcement, Rob Weisbord, Sinclair's Chief Operating Officer and President of Local Media said, “We are thrilled Jim is returning to Sinclair to oversee.

Sinclair Names Jim Doty Vice President and General Manager of WCYB and WEMT, Tri-Cities

The latest trading day saw Sinclair (SBGI) settling at $14.59, representing a -1.29% change from its previous close.

Sinclair (SBGI) Stock Dips While Market Gains: Key Facts

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, a subsidiary of Sinclair Inc., (Nasdaq: SBGI) today announced a new broadcast affiliate distribution agreement with TEGNA to expand the clearances for The Nest, Sinclair's fourth multicast network. The Nest, the free, over-the-air, national network, will now be available on 35 additional channels, reaching 79% of all US OTA television households. The new affiliations include major market “big 4 network” VHF channel positions in Atlanta, Wash.

The Nest Secures Nationwide Distribution Gains; Adds 35 TEGNA Stations

In the latest trading session, Sinclair (SBGI) closed at $16.03, marking a +1.2% move from the previous day.

Sinclair (SBGI) Rises As Market Takes a Dip: Key Facts

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, LLC., a subsidiary of Sinclair Inc., (Nasdaq: SBGI) is pleased to announce Comet, CHARGE! and TBD., the company's free, over-the-air, national networks have continued to see rapid growth, delivering the highest viewership in the networks' history, with double-digit ratings increases. For the full year of 2023, among total viewers, the networks experienced unprecedented year over year growth, with Comet +17%, CHARGE +37% and TBD +10%*. The tr.

Comet, CHARGE! and TBD. Deliver Highest Viewership in Networks' History

BALTIMORE & CLEVELAND--(BUSINESS WIRE)--Sinclair Broadcast Group, LLC, a subsidiary of Sinclair Inc. (Nasdaq: SBGI), together with Futuri, a leader in AI-driven audience engagement and sales intelligence solutions, today announced a strategic partnership that will integrate Futuri's advanced AI-driven sales system, TopLine®, into Sinclair's 186 owned and or operated television stations, spanning 85 markets. The decision to adopt TopLine® AI follows a successful pilot program initiated during th.

Sinclair and Futuri Announce Strategic Partnership to Innovate Television Sales with AI Technology

OKLAHOMA CITY--(BUSINESS WIRE)--Sinclair today announced Amy Calvert has been named Vice President/General Manager of KOKH/FOX and KOCB, Sinclair's television stations in Oklahoma City. Calvert joins Sinclair from KJRH, the Scripps Media television station in Tulsa, where she most recently served as VP/GM. In making the announcement, Rob Weisbord, Sinclair's Chief Operating Officer and President of Local Media, said, “Amy is a seasoned executive with deep roots in Oklahoma. We are excited she h.

Sinclair Broadcast Group Names Amy Calvert Vice President/General Manager of KOKH and KOCB in Oklahoma City

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Sinclair today announced Jennifer Hansen has been named Vice President/General Manager of WBMA/WABM and WTTO in Birmingham. Hansen was most recently the VP/GM of WRLH, Sinclair's television station in Richmond, VA. In making the announcement, Rob Weisbord, Sinclair's Chief Operating Officer and President of Local Media, said, “With her proven record of strong leadership, we're thrilled Jennifer is now overseeing the stations' linear and digital assets in Birmi.

Sinclair Broadcast Group Names Jennifer Hansen Vice President/General Manager of WBMA/WABM and WTTO in Birmingham

BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) will report its fourth quarter 2023 earnings results at 4:00 p.m. ET on Wednesday, February 28, 2024, followed by a conference call to discuss the results at 4:30 p.m. ET. The call will be webcast live and can be accessed at www.sbgi.net under the subtitle "Investor Relations/Events and Presentations." The dial-in number for the earnings call is 888-506-0062, with entry code 433619. If you plan to participate on the conference call, plea.

Sinclair to Report Fourth Quarter 2023 Results on February 28, 2024 at 4:00 P.M. (Eastern Time)

In the most recent trading session, Sinclair (SBGI) closed at $16.25, indicating a -1.22% shift from the previous trading day.

Sinclair (SBGI) Falls More Steeply Than Broader Market: What Investors Need to Know

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Sinclair today announced Diana Wilkin has been named Vice President/General Manager of WPEC/CBS, WTVX/CW and WTCN/MY in West Palm Beach, Florida. Wilkin was previously the VP/GM of KOKH/FOX and KOCB, Sinclair's television stations in Oklahoma City. In making the announcement, Rob Weisbord, Sinclair's Chief Operating Officer and President of Local Media, said, “Diana is a highly experienced media executive and has been a tremendous asset for the company le.

Sinclair Broadcast Group Names Diana Wilkin Vice President/General Manager of WPEC/WTVX/WTCN in West Palm Beach

HUNT VALLEY, Md. & OVERLAND PARK, Kan.--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) today announced that it has renewed its distribution agreement with the National Content & Technology Cooperative (“NCTC”), a not-for-profit corporation whose members serve one-third of all broadband and video connected households in the U.S. and its territories The agreement allows NCTC's member companies to opt into a multi-year retransmission consent agreement for Sinclair's owned/operated local statio.

Sinclair and National Content & Technology Cooperative (NCTC) Announce Renewal of Long-Term Distribution Agreement

Twenty-First Century Fox

BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) (“Sinclair”) and FOX Corporation (Nasdaq: FOXA, FOX) today announced that their broadcast divisions have reached an agreement for a multi-year renewal of all FOX affiliations in Sinclair markets. Sinclair partners also renewed FOX affiliations in markets where Sinclair provides sales and other services under a joint sales agreement or master service agreement. The 41 renewed markets serve approximately 19 million TV households. Will Bell.

Sinclair and FOX Reach Agreement to Renew All FOX Affiliations Nationwide

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) today announced that it has agreed, subject to definitive documentation and final court approval, to a global settlement and release of all claims associated with the litigation filed by Diamond Sports Group, LLC (DSG) and DSG's wholly-owned subsidiary, Diamond Sports Net, LLC, in July 2023, which settlement includes an amendment to the Management Services Agreement between Sinclair Television Group, LLC (STG) and DSG. The settlem.

Sinclair Announces Global Settlement of All Diamond Sports Group-Related Litigation Issues, Including Agreement with Diamond on Management Services Agreement Amendment

Sinclair (SBGI) reachead $14.30 at the closing of the latest trading day, reflecting a +0.63% change compared to its last close.

Sinclair (SBGI) Beats Stock Market Upswing: What Investors Need to Know

BALTIMORE--(BUSINESS WIRE)--Sinclair (NASDAQ: SBGI), today announced that the Sinclair Broadcast Group Diversity Scholarship program is now accepting applications for the 2024 school year. Having provided over $300,000 in tuition assistance since 2013, the annual 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 broadcast journalism, di.

Sinclair Announces Annual Diversity Scholarship Submission for 2024, Shaping the Future of Broadcasting

BALTIMORE, Md.--(BUSINESS WIRE)--Sinclair (NASDAQ: SBGI), a diversified media company and a leader in local news and sports, today announced several promotions across the company. The following promotions are effective immediately: Corporate promotions: Barry Dubin, SVP/Enterprise Solutions and Platforms from VP/Enterprise Solutions and Platforms John McClure, SVP/Chief Information Security Officer from VP/Chief Information Security Officer Bill Medley, VP/IT Business and Governance from AVP/IT.

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