Sinclair Broadcast Group, Inc. operates as a diversified television media company in the United States. The company operates in two segments, Broadcast and Local Sports. It owns or provides various programming, operating, sales, and other non-programming operating services to television stations. The company broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming to television viewing audiences in the communities through its local television stations. As of December 31, 2020, it owned, operated, and provided services to 188 stations in 88 markets, which broadcast 628 channels. The company also owns and operates various networks carried on distribution platforms; and Tennis Channel, a cable network that includes coverage of various tennis' top tournaments, and original professional sport and tennis lifestyle shows. In addition, it owns regional sports network, which has the exclusive rights to air games of 45 professional sports teams and other sporting events. Further, the company offers digital agency services; and provides technical services to the broadcast industry, as well as designs and manufactures broadcast systems, including transmitters and antennas. Additionally, it owns various non-media related investments, including private equity, mezzanine financing, and real estate investments. It also offers Tennis Magazine, a sport's print publication; and operates Tennis.com, an online tennis platform. Sinclair Broadcast Group, Inc. was founded in 1986 and is headquartered in Hunt Valley, Maryland.
IPO Year: 1995
Exchange: NASDAQ
Website: sbgi.net
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/7/2024 | $13.00 → $19.00 | Underweight → Equal Weight | Wells Fargo |
| 12/8/2022 | $25.00 → $16.00 | Neutral → Underweight | JP Morgan |
| 11/3/2022 | $30.00 → $16.00 | Overweight → Underweight | Wells Fargo |
| 5/5/2022 | $30.00 → $33.00 | Equal Weight → Overweight | Wells Fargo |
| 4/19/2022 | $21.00 | Neutral | Rosenblatt |
| 2/24/2022 | $38.00 → $34.00 | Buy | Benchmark |
Sinclair today announced that Dave Howitt, Senior Vice President of Programming, will retire on March 31, after a career spanning more than 48 years in television, including over 30 years with Sinclair. Howitt has been a cornerstone of Sinclair's programming operations, focusing on the acquisition of syndicated programming and program scheduling, overseeing syndicated programming efforts for 43 markets and 90 stations. Before joining Sinclair, Howitt held various promotion and programming management roles at WUAB in Cleveland and WTTV in Indianapolis. Throughout his career, he gained valuable experience working with prominent broadcasting companies such as United Artists, Gaylord, Canne
ATLANTA, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Four of the nation's largest independent local broadcasting groups have come together to form EdgeBeam Wireless, LLC, a joint venture created to provide robust wireless data services to a wide range of businesses and industries across the country. The E.W. Scripps Company, Gray Media, Inc., Nexstar Media Group, Inc., and Sinclair, Inc. launched the new company ahead of meetings this week at the Consumer Electronics Show in Las Vegas. Leveraging broadcasters' uniquely efficient network architecture and the ATSC 3.0 transmission standard, EdgeBeam Wireless will provide expansive, reliable, and secure data delivery services. Using the broadcasters
Sinclair is pleased to announce Lucy Rutishauser, the company's EVP and CFO, has been appointed to the Business Advisory Council of ATSC, the broadcast Standards Association. As a member of the ATSC Board Business Advisory Council, Rutishauser will contribute strategic insights to bridge business and technology sectors, expanding the scope of ATSC standards across a range of industries and geographies. ATSC is a multinational body that sets broadcast standards. ATSC 3.0 (also known as NextGen TV in the US and DTV+ in Brazil), is designed to enhance over-the-air TV with improved video quality, interactive features, and internet integration. The system's IP backbone further enables broadcas
Board Votes to Hold Annual Advisory Vote on Executive Compensation Sinclair, Inc. (the "Company") (NASDAQ:SBGI) announced that its stockholders elected the nominated nine Directors at the Company's Annual Stockholders' Meeting held yesterday. The elected Directors are Mr. David D. Smith, Executive Chairman, Chairman of the Board of the Company; Mr. Frederick G. Smith, Director and Vice President of the Company; Mr. J. Duncan Smith, Director, Vice President and Secretary of the Company; Mr. Robert E. Smith, Director; Ms. Laurie R. Beyer, Director; Dr. Benjamin S. Carson, Sr., Director; Mr. Howard E. Friedman, Director; Mr. Daniel C. Keith, Director; and Hon. Benson E. Legg, Director. The
Organization Helps to Track Provenance of Media Content Sinclair, Inc. today announced the company has joined the Entertainment ID Registry (EIDR) as a member of the Board of Directors. The company will be represented by Mike Palmer, Sinclair's AVP of Media Management, who will serve on EIDR's board as Sinclair's representative for a 1-year term. EIDR is a public registry that provides a unique identifier for audio-visual content, designed to provide a standard way of identifying and tracking works across the media supply chain. Commenting on the collaboration, Palmer said, "EIDR captures the complex relationships between descriptive metadata and registered media in a public standard
Sinclair Broadcast Group today announced that Matthew Galka will join the company's Washington DC Bureau as a National Correspondent. Galka will provide reporting for The National Desk, Sinclair's nationally syndicated news program, and Sinclair's broadcast stations. Prior to joining Sinclair, Matt was the Capitol Hill Correspondent for CBN News in Washington DC. He brings more than a dozen years of award-winning reporting experience from his time at FOX 10 in Phoenix, AZ, WCTV in Tallahassee, FL and Capitol News Service. He also served as an Adjunct Professor in the Florida A&M journalism program. "Matt has a passion for thought-provoking stories and a history of deep reporting. We are
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 has joined Sinclair to lead our stations in Oklahoma City and we look forward to strengthening our bonds in the community as we continue to grow the stations." Calvert has held several leadership positions across the broadcast
Senior Vice President Global Public Policy and Communications Sinclair, Inc. (NASDAQ:SBGI), a diversified media company and a leading provider of local news and sports, announced today that Patrick McFadden will join the company as its Senior Vice President for Global Public Policy and Communications. In this role, McFadden will be responsible for overseeing the development and implementation of Sinclair's comprehensive legislative and regulatory strategy to support the policy and advocacy goals. In addition, he will oversee Sinclair's strategic communications and messaging. "We're delighted to welcome Patrick as a key contributor to our executive group," said Chris Ripley, Sinclair's
Board Votes to Hold Annual Advisory Vote on Executive Compensation Sinclair Broadcast Group, Inc. (the "Company") (NASDAQ:SBGI) announced that its stockholders elected the nominated nine Directors at the Company's Annual Stockholders' Meeting held yesterday. The elected Directors are Mr. David D. Smith, Executive Chairman, Chairman of the Board of the Company; Mr. Frederick G. Smith, Director and Vice President of the Company; Mr. J. Duncan Smith, Director, Vice President and Secretary of the Company; Mr. Robert E. Smith, Director; Ms. Laurie R. Beyer, Director; Dr. Benjamin S. Carson, Sr., Director; Mr. Howard E. Friedman, Director; Mr. Daniel C. Keith, Director; and Hon. Benson E. Legg,
Diamond Sports Group, LLC ("DSG," "Diamond," or the "Company"), an unconsolidated subsidiary of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) ("Sinclair"), announced today that its Board of Managers has appointed David Preschlack as Diamond's Chief Executive Officer. Mr. Preschlack has been a member of Diamond's Board of Managers since May of 2022 and most recently served as President of NBC Sports Regional Networks & Executive Vice President of Content Strategy for the NBC Sports Group. Mr. Preschlack has more than 25 years of sports marketing experience at NBC, Disney, and ESPN, and possesses deep knowledge of the challenges and opportunities facing the regional sports network landscape.
New affiliations added in Chicago, Kansas City, Denver and Sacramento Sinclair today announced a broadcast affiliate distribution agreement with Nexstar to renew and expand the clearances for Comet, CHARGE!, TBD and The Nest, Sinclair's free, over-the-air multicast television networks. These renewals and additions represent over 15M total U.S. households, further bolstering the complete national coverage in key markets and prime channel positions for the networks. CHARGE!, home to a line-up that delivers the biggest police procedural franchises in TV history including Law & Order: Criminal Intent, CSI: Miami, and CSI: New York, has renewed agreements on the following Nexstar stations: W
Sinclair, Inc. (NASDAQ:SBGI), the "Company" or "Sinclair," today announced that Sinclair Television Group, Inc. ("STG") and certain affiliated entities have completed a series of previously announced transactions (the "Transactions"), which strengthen the Company's balance sheet and better position it for long-term growth. "The Transactions demonstrate the strong support from our creditors in positioning the Company for long-term success by enhancing our financial liquidity and flexibility" said Chris Ripley, Sinclair's President and Chief Executive Officer. "The refinancings push our closest meaningful maturity to December 2029 and extend all of our maturities to a weighted average of 6.
Sinclair, Inc. ("Sinclair" or the "Company") (NASDAQ:SBGI) today announced the early participation and consent results for Sinclair Television Group, Inc. ("STG" or the "Issuer") in connection with its previously announced (i) private exchange offer (the "Exchange Offer") to Eligible Holders (as defined below) of 4.375% Second-Out First Lien Secured Notes due 2032 (the "Exchange Second-Out Notes") for any and all of the Issuer's outstanding 4.125% Senior Secured Notes due 2030 (the "Existing Notes") and (ii) the solicitation of consents (the "Consent Solicitation") from holders of the Existing Notes with respect to certain amendments, supplements and other modifications (the "Amendments") t
Airing Non-Stop February 14th to 16th TBD TV, Sinclair's free broadcast TV home of big stars and big comedy, today announced the network will celebrate the 50th anniversary of Saturday Night Live with a 50-episode non-stop marathon of iconic, previously aired episodes from the series. The 50-episode weekend marathon will kick off on Friday, February 14 at 6 pm ET and run continuously through Sunday, February 16, wrapping up at 8 pm ET as the much-anticipated SNL50: The Anniversary Special airs on NBC. Viewers can look forward to groundbreaking SNL sketches including More Cowbell, The Californians, What's Up With That?, Wayne's World, Hanz & Franz, The Church Lady, Revolutionary Weight
Sinclair today announced that Dave Howitt, Senior Vice President of Programming, will retire on March 31, after a career spanning more than 48 years in television, including over 30 years with Sinclair. Howitt has been a cornerstone of Sinclair's programming operations, focusing on the acquisition of syndicated programming and program scheduling, overseeing syndicated programming efforts for 43 markets and 90 stations. Before joining Sinclair, Howitt held various promotion and programming management roles at WUAB in Cleveland and WTTV in Indianapolis. Throughout his career, he gained valuable experience working with prominent broadcasting companies such as United Artists, Gaylord, Canne
Sinclair, Inc. (NASDAQ:SBGI), the "Company" or "Sinclair") today announced that Sinclair Television Group, Inc. ("STG" or the "Issuer") has supplemented and amended the Confidential Offering Memorandum, Offer to Exchange and Consent Solicitation Statement, dated as of January 27, 2025 (the "Offering Memorandum") with respect to the previously announced (i) private exchange offer (the "Exchange Offer") to Eligible Holders (as defined below) of 4.375% Second-Out First Lien Secured Notes due 2032 (the "Exchange Second-Out Notes") for any and all of the Issuer's outstanding 4.125% Senior Secured Notes due 2030 (the "Existing Notes") and (ii) the solicitation of consents (the "Consent Solicitati
Sinclair, Inc. ("Sinclair" or the "Company") (NASDAQ:SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (the "Issuer"), has priced its previously announced private offering for an aggregate principal amount of $1,430 million of First-Out First Lien Secured Notes due 2033 (the "2033 Notes"). The 2033 Notes were priced at 100% of their face amount and will bear interest at a rate of 8.125% per annum payable semi-annually on February 15 and August 15, commencing August 15, 2025. The 2033 Notes will mature on February 15, 2033. The private placement of the 2033 Notes is conditioned on customary closing conditions and the consummation of the other financing
Sinclair, Inc. ("Sinclair" or the "Company") (NASDAQ:SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (the "Issuer"), intends to offer in a private placement, subject to market conditions and other factors, $1,430 million aggregate principal amount of First-Out First Lien Secured Notes due 2033 (the "2033 Notes"). The Issuer expects to use the net proceeds from the private placement of the 2033 Notes, together with funds raised from other financing transactions (the "Transactions") contemplated by the previously disclosed transaction support agreement (the "Transaction Support Agreement"), to repay the Issuer's outstanding $1,175 million of aggregate
Sinclair, Inc. (NASDAQ:SBGI), the "Company" or "Sinclair") today announced that Sinclair Television Group, Inc. ("STG" or the "Issuer") has commenced a private exchange offer (the "Exchange Offer") to Eligible Holders (as defined below) of 4.375% Second-Out First Lien Secured Notes due 2032 (144A CUSIP / ISIN: 829259BF6 / US829259BF69; REG S CUSIP / ISIN: U8275QAN0 / USU8275QAN08) (the "Exchange Second-Out Notes") for any and all of the Issuer's outstanding 4.125% Senior Secured Notes due 2030 (144A CUSIP / ISIN: 829259BA7 / US829259BA72; REG S CUSIP / ISIN: U8275QAK6 / USU8275QAK68) (the "Existing Notes"), on the terms and subject to the conditions set forth in a Confidential Offering Memo
Sinclair will report Fourth Quarter 2024 Results on February 26, 2025 at 4:00 pm ET Sinclair, Inc. (NASDAQ:SBGI), the "Company," today released preliminary unaudited Local Media segment fourth quarter 2024 media revenues and certain media operating expenses. The Company expects Local Media segment media revenues to be $931 million to $933 million for the three months ended December 31, 2024, down modestly from the Company's previously disclosed guidance of $936 million to $945 million. This includes political advertising revenue of approximately $203 million (versus previously disclosed guidance of $204 million), core (non-political) advertising revenue of $300 million to $301 million (
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Wells Fargo upgraded Sinclair Broadcast from Underweight to Equal Weight and set a new price target of $19.00 from $13.00 previously
JP Morgan downgraded Sinclair Broadcast from Neutral to Underweight and set a new price target of $16.00 from $25.00 previously
Wells Fargo downgraded Sinclair Broadcast from Overweight to Underweight and set a new price target of $16.00 from $30.00 previously
Wells Fargo upgraded Sinclair Broadcast from Equal Weight to Overweight and set a new price target of $33.00 from $30.00 previously
Rosenblatt initiated coverage of Sinclair Broadcast with a rating of Neutral and set a new price target of $21.00
Benchmark reiterated coverage of Sinclair Broadcast Group with a rating of Buy and set a new price target of $34.00 from $38.00 previously
Sinclair will report Fourth Quarter 2024 Results on February 26, 2025 at 4:00 pm ET Sinclair, Inc. (NASDAQ:SBGI), the "Company," today released preliminary unaudited Local Media segment fourth quarter 2024 media revenues and certain media operating expenses. The Company expects Local Media segment media revenues to be $931 million to $933 million for the three months ended December 31, 2024, down modestly from the Company's previously disclosed guidance of $936 million to $945 million. This includes political advertising revenue of approximately $203 million (versus previously disclosed guidance of $204 million), core (non-political) advertising revenue of $300 million to $301 million (
Sinclair, Inc. (NASDAQ:SBGI) will report its fourth quarter 2024 earnings results at 4:00 p.m. ET on Wednesday, February 26, 2025, 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 787591. If you plan to participate on the conference call, please call at least two minutes prior to the start time and provide the entry code to the conference operator; or tell the operator that you are joining the Sinclair Earnings Conference Call. If you are unable to listen to the
Sinclair, Inc. (NASDAQ:SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on the Company's Class A and Class B common stock. The dividend is payable on December 16, 2024, to the holders of record at the close of business on December 2, 2024. Sinclair, Inc., (NASDAQ:SBGI) is a diversified media company and leading provider of local news and sports. The Company owns, operates and/or provides services to 185 television stations in 86 markets affiliated with all the major broadcast networks and owns Tennis Channel and multicast networks Comet, CHARGE!, TBD., and The Nest. Sinclair's content is delivered via multiple platforms, including over-t
Sinclair, Inc. (NASDAQ:SBGI), the "Company" or "Sinclair," today reported financial results for the three and nine months ended September 30, 2024. Highlights: Solid third quarter results, with core advertising revenues growing by 1% year-over-year during a quarter with record political revenues Political revenues of $138 million, a 31% increase over 2020 levels, which was impacted by $5 million of lost revenue due to late ad cancellations during the quarter Approximately $406 in 2024 political revenues, which reflects $26 million of lost revenue due to a late geographic shift of existing commitments to non-Sinclair markets Distribution revenues in the third quarter up 5% year-over
Sinclair, Inc. (NASDAQ:SBGI) will report its third quarter 2024 earnings results at 4:00 p.m. ET on Wednesday, November 6, 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 791357. If you plan to participate on the conference call, please call at least two minutes prior to the start time and provide the entry code to the conference operator; or tell the operator that you are joining the Sinclair Earnings Conference Call. If you are unable to listen to the live
Sinclair, Inc. (NASDAQ:SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on the Company's Class A and Class B common stock. The dividend is payable on September 13, 2024, to the holders of record at the close of business on August 30, 2024. Sinclair, Inc. (NASDAQ:SBGI) is a diversified media company and a leading provider of local news and sports. The Company owns, operates and/or provides services to 185 television stations in 86 markets affiliated with all the major broadcast networks; owns Tennis Channel and multicast networks Comet, CHARGE!, TBD., and The Nest; and owns and provides services to 21 regional sports network brands. Sinc
Sinclair, Inc. (NASDAQ:SBGI), the "Company" or "Sinclair," today reported financial results for the three and six months ended June 30, 2024. Highlights: Met second quarter Revenue guidance on Distribution and Advertising Exceeded second quarter Adjusted EBITDA guidance As of August 1, the Company has booked $146 million in political advertising for the second half of the year through Election Day; this compares to $78 million as of August 1, 2020 Company increases full-year political advertising guidance to a range of $385 million to $410 million, representing growth of 10% to 17% compared to 2020 excluding the Georgia runoff. CEO Comment: "Sinclair delivered solid secon
Sinclair, Inc. (NASDAQ:SBGI) will report its second quarter 2024 earnings results at 4:00 p.m. ET on Wednesday, August 7, 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 355312. If you plan to participate on the conference call, please call at least two minutes prior to the start time and provide the entry code to the conference operator; or tell the operator that you are joining the Sinclair Earnings Conference Call. If you are unable to listen to the li
Sinclair, Inc. (NASDAQ:SBGI), the "Company" or "Sinclair," today reported financial results for the three months ended March 31, 2024. Highlights: Met or exceeded first quarter guidance on Revenue, Media Expenses and Adjusted EBITDA Launched NextGen data solutions platform, Broadspan Settled all Diamond Sports Group, LLC (DSG) related outstanding litigation claims As of May 1, the Company has pre-booked $77 million in political advertising for the second half of the year through Election Day; this compares to $21 million as of May 1, 2020 and $28 million as of May 1, 2022 CEO Comment: "Sinclair delivered solid first quarter results, meeting guidance expectations in our lo
Sinclair, Inc. (NASDAQ:SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on the Company's Class A and Class B common stock. The dividend is payable on June 17, 2024, to the holders of record at the close of business on June 3, 2024. Sinclair, Inc. (NASDAQ:SBGI) is a diversified media company and a leading provider of local news and sports. The Company owns, operates and/or provides services to 185 television stations in 86 markets affiliated with all the major broadcast networks; owns Tennis Channel and multicast networks Comet, CHARGE!, TBD., and The Nest; and owns and provides services to 21 regional sports network brands. Sinclair's c
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8-K - Sinclair, Inc. (0001971213) (Filer)
8-K - Sinclair, Inc. (0001971213) (Filer)
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8-K - Sinclair, Inc. (0001971213) (Filer)
10-Q - Sinclair, Inc. (0001971213) (Filer)
8-K - Sinclair, Inc. (0001971213) (Filer)
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8-K - Sinclair, Inc. (0001971213) (Filer)
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