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 |
|---|---|---|---|
| 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 |
10-Q - 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)
ARS - Sinclair, Inc. (0001971213) (Filer)
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8-K - Sinclair, Inc. (0001971213) (Filer)
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4 - Sinclair, Inc. (0001971213) (Issuer)
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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
Sinclair, Inc. (NASDAQ:SBGI) will report its first quarter 2024 earnings results at 4:00 p.m. ET on Wednesday, May 8, 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 195393. 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 w
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 March 25, 2024, to the holders of record at the close of business on March 11, 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'
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 to 2023 with our local media segment meeting guidance and Tennis Channel exceeding expectations," said Chris Ripley, Sinclair's President and Chief Executive Officer. "During the year and through early January,
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, 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
VIZIO Users Now Have Access to NewsON's Comprehensive Local News Content NewsON, the nation's premier streaming service for local news content, today announced their free streaming app is now available on VIZIO TVs. VIZIO users can enjoy NewsON's ad-supported access to a comprehensive range of local news content at no cost, including live newscasts or catch up on other recent newscasts at their convenience, on-demand. The app experience offers over 285 trusted TV stations spanning 135+ markets, covering over 90% of the U.S. Additionally, 190+ local stations also offer FAST channels which are available for streaming on the NewsON app. With helpful features like access to weather forecasts
Sinclair continues to expand its podcast division, launching "Unfiltered Soccer with Landon Donovan and Tim Howard" on November 12, with U.S. soccer legends Landon Donovan and Tim Howard giving fans an unfiltered look inside the pitch. From the MLS to the English Premier League to the Champions League to International Competition and more, Landon and Tim will share their hot takes, analysis, unique insights, and classic stories to bring fans closer to the game. As a multi-platform program, "Unfiltered Soccer with Landon Donovan and Tim Howard" will air on all Apple Podcasts, Spotify and all podcast platforms, with long-form video content on YouTube, and short-form content cutdowns livin
ONE Media Technologies, LLC, a subsidiary of Sinclair, Inc., is pleased to announce Matthew Goldman has been named Vice President, Strategic and Technical Initiatives. In this newly created position, Goldman will lead the implementation, expansion, and support of advanced operational technologies, including High Dynamic Range Video (HDR). Goldman will also manage conformance testing and develop operational handoff processes for ATSC 3.0 NextGen Broadcasting. Goldman joined Sinclair in 2021 and was most recently Senior Director, Media Engineering and Architecture. In his new role, he will report to Mark Aitken, SVP, Advanced Technology, Sinclair and President, ONE Media Technologies. "I'm
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
WBFF/FOX 45 today announced the creation of "Spotlight on Maryland," an investigative journalism unit designed to shed light on inefficiencies in state, county and local governments with the purpose of holding public officials in Maryland accountable. This new initiative will expand WBFF's existing investigative and accountability reporting to other critical topics including the allocation of taxpayer funds to non-profits, campaign finance practices, corruption, and government inefficiency across Maryland. In addition to using existing station resources, FOX 45 is expanding staffing to add investigative reporters and researchers to the unit. "News consumers want an honest presentation of t
Primes the Pump for NEXTGEN Broadcasting Sinclair Broadcast Group, LLC, a subsidiary of Sinclair, Inc. (NASDAQ:SBGI), and Nebraska Public Media announced the launch of the first free Broadcast-Enabled Streaming TV ("BEST") Channel in Omaha, Nebraska. Nebraska Public Media's PBS and local programming is now hosted on KPTM FOX 42, Sinclair's station in Omaha, as a free, virtual channel in addition to its other programming offerings. BEST channels are transmissions that provide programming directly over-the-air to smart TVs using the NEXTGEN broadcast data channel capacity of a host broadcaster. Viewers with NEXTGEN TVs can view and select the channel in their programming guide and access th
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 today announced the return of Sinclair's Reporting, Producer and Weather Academies, a series of free, interactive, virtual workshops for college students interested in pursuing a career in journalism. The 90-minute sessions will run throughout the third week of November and assist students seeking to build a career in reporting, producing or weather. SESSION DATES: Reporter Academy – Tuesday, November 19 Producer Academy – Wednesday, November 20 Weather Academy – Thursday, November 21 Each session will take place virtually, from Noon – 1:30pm ET Sinclair's Reporter Academy, now in its fourth year, is hosted by Sinclair's award-winning news operation, giving students an op
Ripley to be Inducted into 2024 Circle of Leadership The Daily Record, Maryland's daily news media company focused on law, government and business, has named Chris Ripley, Sinclair's President and Chief Executive Officer, one of Maryland's 2024 Most Admired CEOs. The Daily Record's annual Most Admired CEO list honors talented business CEOs, higher education leaders and nonprofit executive directors throughout Maryland whose leadership and vision are admired by those around them. "This award underscores the strength of Chris' leadership navigating the dynamic media landscape and transforming Sinclair to meet the changing needs of our audiences and clients. We are honored Chris and Sinclai
Sinclair is pleased to announce Project Baltimore, the special investigative reporting unit of WBFF, Sinclair's Baltimore MD FOX affiliate, has been awarded a News Emmy® Award from The National Academy of Television Arts & Sciences (NATAS). This national Emmy Award honors the best in news coverage across the country. Outstanding Regional News Story: Investigative – Disabled & Denied Carolyn Peirce, Executive Producer; Chris Papst, Investigative Reporter; Ray Rogowski, Investigative Producer; Jed Gamber, Photographer; Anthony Durso, Photographer Project Baltimore's winning series of reports exposed how Baltimore City Schools denied students with disabilities a proper education, and in doi
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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.
Sinclair Broadcast Group, Inc. (the "Company") (NASDAQ:SBGI) announced that its shareholders elected the nominated nine Directors at the Company's Annual Shareholders' Meeting held today. 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 shareholders also ratified the appointment of Pricewaterh
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 seasoned executives from the worlds of sports, media, streaming and related industries. Chris Ripley, the Chief Executive Officer of Sinclair, will serve on the board and lead Sinclair's efforts in enhancing the prospects for DSG. The
Media company Warner Bros. Discovery (NASDAQ:WBD) isn't ready to give up its highly coveted national NBA TV rights yet. The media company matched a deal signed by Amazon.com Inc (NASDAQ:AMZN), setting up a potential battle. What Happened: The National Basketball Association announced The Walt Disney Company (NYSE:DIS), Comcast Corporation (NASDAQ:CMCSA) and Amazon signed deals worth a combined $76 billion over 11 years recently. As part of an existing contract with the NBA, Warner Bros. Discovery was able to match any of the new deals that begin in the 2025-2026 season. "We have reviewed the offers and matched one of them," Warner Bros. Discovery unit TNT said in a statement. "Th
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector. Sinclair, Inc. (NASDAQ:SBGI) Dividend Yield: 7.51% Wells Fargo analyst Stev
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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector. Sinclair, Inc. (NASDAQ:SBGI) Dividend Yield: 6.87% Rosenblatt analyst Barton Crockett maintained a Neutral rating an
Shares of Duolingo, Inc. (NASDAQ:DUOL) fell sharply during Thursday's session after the company reported first quarter financial results. Duolingo reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. Quarterly sales came in at $167.6 million which beat the analyst consensus estimate of $165.677 million and is a 44.91% increase from the same period last year, according to data from Benzinga Pro. Duolingo sees second-quarter revenues of between $175 million and $177.5 million, versus the $176.9 million estimate and full-year 2024 revenues of between $726.5 million and $735.5 million, versus the $728.23 million estimate. Du
https://www.cnbc.com/2024/05/09/sinclair-explores-selling-30percent-of-broadcast-stations.html Sinclair is looking to sell more than 30% of its 185 owned or operated broadcast stations, according to people familiar with the matter.The media company has hired Moelis as an investment bank to assess possible asset sales, including the stations and the Tennis Channel, the people said.Sinclair recently settled litigation with subsidiary Diamond Sports Group, which owns the largest portfolio of regional sports networks and is under bankruptcy protection.Last year, Sinclair rebranded and restructured, separating the company into two operating units, the broadcast business and Sinclair Ventures, whi
U.S. stocks were mixed, with the Dow Jones gaining around 100 points on Thursday. Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) rose sharply during Thursday's session following upbeat earnings. Spectrum Brands posted adjusted earnings of $1.62 per share, beating expectations of 62 cents per share. The company's quarterly sales came in at $718.50 million versus estimates of $707.52 million, according to data from Benzinga Pro. Spectrum Brands shares surged 12.4% to $95.00 on Thursday. Here are some other big stocks recording gains in today's session. Sezzle Inc. (NASDAQ:SEZL) shares climbed 69.9% to $75.99 after the company reported a year-over-year increase in first-qu
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector. Sinclair, Inc. (NASDAQ:SBGI) Dividend Yield: 7.52% Wells Fargo analyst Steven Cahall maintained an Underweight rating
Edgio Collaborates for Data Offloading CapabilitiesSinclair, Inc. (NASDAQ:SBGI) announced the launch of its "Broadspan" datacasting platform to enable data distribution capability across all current Sinclair NextGen Broadcast (ATSC 3.0) markets where it serves as the host station. Edgio, Inc., a leading content delivery network, will become the first commercial partner of the Broadspan datacasting platform.This marks an exciting step forward for broadcasters and consumers and begins to fulfill the promise of digital convergence offered by ATSC 3.0. It opens the door to multiple new business opportunities for broadcasters and greatly enhanced efficiency for data distribution.Using a broadcast
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy . Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector. CuriosityStream Inc. (NASDAQ:CURI) Dividend Yield: 10.04% Needham analyst Laura Martin maintained a Buy rating and cut the
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