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 CHARGE, the top destination for action-packed crime procedurals, will launch CHARGECON '25, a two-day televised celebration of the iconic police procedurals CSI: NY and CSI: Miami with exclusive interviews with Anthony E. Zuiker, the creator of the CSI franchise. CHARGECON will offer fans a rare look into the making of the series as Zuiker, acclaimed television writer, producer and author, reflects on his favorite episodes and shares inside stories about the groundbreaking franchises that redefined crime television and captivated global audiences. CHARGECON '25 will feature Zuiker's personally selected top 10 episodes of CSI: NY on Friday, May 16 from 12p-10p ET a
GREENWICH, Conn., May 12, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 17th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 5, 2025. 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, as well as Sports Investing, Media & Telecom Regulatory, and Advertising Panels. Attendees will also have the opportunity to meet with management in a one-on-one setting. For those who cannot attend in person, the symposium will also be available via webcast. Investors should contact their relationship person for more i
Sinclair today announced that seasoned media executive John M. Hannon has been named Vice President and General Manager of KPTM and KXVO, in Omaha, NE and KHGI and KFXL in Lincoln-Hastings-Kearney, NE. Hannon joins Sinclair from TelevisaUnivision where he most recently served as Senior Vice President of Local Media Sales overseeing revenue strategy for 59 television and 57 radio stations across the US and Puerto Rico. During his tenure at TelevisaUnivision, he also held key leadership roles including Regional President of the Central Region and President & General Manager of the Houston Local Media division. Prior to that, Hannon was President of Jim Doyle & Associates, Inc., a media consu
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 13, 2025, to the holders of record at the close of business on May 30, 2025. 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; and owns Tennis Channel and multicast networks Comet, CHARGE!, TBD/ROAR and The Nest. Sinclair's content is delivered via multiple platforms, including over-the-
Sinclair, Inc. (NASDAQ:SBGI), the "Company" or "Sinclair," today reported financial results for the three months ended March 31, 2025. Highlights: Adjusted EBITDA exceeded high-end of guidance range $66 million par value of the Sinclair Television Group notes due in 2027 repurchased in April for $62 million cash Significantly lower estimated full-year 2025 cash tax payments CEO Comment: "Sinclair delivered solid financial results in a challenging first quarter environment. Adjusted EBITDA exceeded the high-end of our guidance range and core advertising trends continue to be among the strongest in the industry, despite the macro-economic uncertainties and lack of visibility. We are
Verizon Signs Multi-Year Agreement as First Integrated Sponsor Sinclair, one of the nation's leading media companies, and its subsidiary Tennis Channel, the U.S. media home of tennis, announced a first-of-its-kind partnership with the ATP, WTA, and participating U.S. based tennis tournaments. The agreement creates a seamless solution for brands to engage with tennis fans wherever audiences consume the sport, including onsite, on-air and online, allowing for a continued brand narrative across the season. For the first time, sponsors will have access to both the ATP Tour and Hologic WTA Tour calendar of events in the United States, and all of Sinclair's Tennis Channel properties—including T
The National Weather Desk Named Best Digital Information Podcast WBFF's Project Baltimore, Spotlight on America and WKRC Honored Sinclair is pleased to announce its television stations were honored with 4 National Headliner Awards, including first place in the Digital Information Podcast category. 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: Best Digital Information Podcast First Place "Off The Radar" The National Weather Desk Emily Gracey and Brian Pietrus Judges' comments: Emily Gracey has brightly transformed the science of weather from lar
Former Amazon Executive to Lead Network's Continued Growth and Innovation Sinclair Inc. today announced that veteran media and technology executive Jeff Blackburn has been appointed Chairman and Chief Executive Officer of Tennis Channel. In this role, Blackburn will lead the network's strategic growth as well as its expansion across digital, streaming and global platforms. Blackburn joins Sinclair following a storied 24-year career at Amazon, where he was the prime architect of the company's expansion into streaming and sports, and instrumental in building some of the company's most successful businesses, including Prime Video, Amazon Studios, Amazon Music, and Amazon's advertising and ma
JIO WORLD CENTRE -- On the occasion of World Audio Visual & Entertainment Summit (WAVES) 2025, FreeStream Technologies (incubated at Indian Institute of Technology (IIT), Kanpur), Lava International and HMD announce launch plans under way to meet mass consumer demand for Direct-to-Mobile (D2M) phones ahead of large-scale field trials in India. In line with Prime Minister Narendra Modi's clarion call for Viksit Bharat, (economic transformation of India) Direct-to-Mobile is a broadcasting technology that uses terrestrial TV broadcast airwaves to deliver live TV, video, audio & text messages (multimedia content) of public and national importance (such as entertainment, sports, educational pro
Sinclair today announced the appointment of Vincent J. Sollecito as Vice President and General Manager of WPEC, serving the West Palm Beach, Florida market. Sollecito most recently served as Senior Vice President of Ad Sales at Marquee Sports Network, where he played a key role in launching the regional sports network in 2019. Prior to that, he was President of ABC National Television Sales, overseeing sales operations for eight ABC owned-and-operated stations. His extensive broadcast career also includes leadership roles as Vice President at ABC 7 Chicago and WABC in New York. "With more than 20 years of experience leading high-performing teams in top markets across the country, Vincent
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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
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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 13, 2025, to the holders of record at the close of business on May 30, 2025. 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; and owns Tennis Channel and multicast networks Comet, CHARGE!, TBD/ROAR and The Nest. Sinclair's content is delivered via multiple platforms, including over-the-
Sinclair, Inc. (NASDAQ:SBGI), the "Company" or "Sinclair," today reported financial results for the three months ended March 31, 2025. Highlights: Adjusted EBITDA exceeded high-end of guidance range $66 million par value of the Sinclair Television Group notes due in 2027 repurchased in April for $62 million cash Significantly lower estimated full-year 2025 cash tax payments CEO Comment: "Sinclair delivered solid financial results in a challenging first quarter environment. Adjusted EBITDA exceeded the high-end of our guidance range and core advertising trends continue to be among the strongest in the industry, despite the macro-economic uncertainties and lack of visibility. We are
Sinclair, Inc. (NASDAQ:SBGI) will report its first quarter 2025 earnings results at 4:00 p.m. ET on Wednesday, May 7, 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 937095. 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 webc
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 24, 2025, to the holders of record at the close of business on March 10, 2025. 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-the-a
Sinclair, Inc. (NASDAQ:SBGI), the "Company" or "Sinclair," today reported financial results for the three and twelve months ended December 31, 2024. Highlights: Comprehensive refinancing substantially completed in early 2025 Fourth quarter Operating Income and other key financial metrics exceeded guidance range Record full-year 2024 political advertising revenues of $405 million, a 16% increase over 2020 levels excluding the Georgia runoff of 2020 Formed EdgeBeam Wireless, a joint venture with other major broadcasters, to unlock the potential of ATSC 3.0 NextGen Broadcast to offer nationwide coverage for data delivery Tennis Channel introduced a direct-to-consumer, streamin
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 today announced that seasoned media executive John M. Hannon has been named Vice President and General Manager of KPTM and KXVO, in Omaha, NE and KHGI and KFXL in Lincoln-Hastings-Kearney, NE. Hannon joins Sinclair from TelevisaUnivision where he most recently served as Senior Vice President of Local Media Sales overseeing revenue strategy for 59 television and 57 radio stations across the US and Puerto Rico. During his tenure at TelevisaUnivision, he also held key leadership roles including Regional President of the Central Region and President & General Manager of the Houston Local Media division. Prior to that, Hannon was President of Jim Doyle & Associates, Inc., a media consu
Sinclair today announced the appointment of Vincent J. Sollecito as Vice President and General Manager of WPEC, serving the West Palm Beach, Florida market. Sollecito most recently served as Senior Vice President of Ad Sales at Marquee Sports Network, where he played a key role in launching the regional sports network in 2019. Prior to that, he was President of ABC National Television Sales, overseeing sales operations for eight ABC owned-and-operated stations. His extensive broadcast career also includes leadership roles as Vice President at ABC 7 Chicago and WABC in New York. "With more than 20 years of experience leading high-performing teams in top markets across the country, Vincent
Sinclair, Inc. today announced the retirement of Dave Schwartz, Corporate Senior Vice President/Station Operations, effective June 30. Schwartz has held the role since 2007 and has been a key leader in Sinclair's broadcast operations for more than two decades. Schwartz joined Sinclair in 2004 as General Manager of WSMH-TV in Flint, Michigan, and quickly established himself as a strategic and respected voice within the company. Over his career at Sinclair, he played a pivotal role in shaping the company's operational strategy and guiding local stations through periods of growth, innovation, and transformation. "For over 20 years, Dave has been an exceptional leader, a trusted colleague, an
Sinclair announced today that Valeria Riccioli has been appointed Director of Content for The National News Desk, where she will oversee content strategy and audience engagement. Utilizing the extensive resources of Sinclair's local stations nationwide, The National News Desk delivers comprehensive, fact-driven reporting on the most significant national, regional, and local stories of the day. Riccioli brings nearly two decades of experience in national news. She previously served as Vice President of Talent at Newsmax, where she oversaw the management and development of the network's on-air personalities. Before that, she worked as a media consultant and earlier in her career, spent 15 ye
Sinclair to Partner with The Salvation Army to Address Homelessness Crisis Campaign to Air March 17-23 Sinclair today announced a partnership with The Salvation Army to launch Sinclair Cares: From Homeless to Hope, a nationwide initiative dedicated to raising awareness about homelessness. With financial instability on the rise and many Americans just one paycheck away from crisis, Sinclair Cares: From Homeless to Hope aims to shed light on the many faces of homelessness and highlight solutions that offer hope and stability. As part of the effort, Sinclair will produce content to air within its newscasts throughout the campaign, which runs from March 17- March 23. Sinclair stations will a
Sinclair today announced David Todd Bailey has been named Vice President and General Manager of KTXS in Abilene, TX. Bailey has held several sales leadership positions across Texas, including Station Manager at KTEN in Sherman and Sales Manager at KETK and KFXK in Tyler. Bailey also launched an advertising agency providing full-service media solutions. He began his media career at KTXS 25 years ago as an Account Executive for the station. "We're thrilled to have David return to KTXS to lead the station," said Rob Weisbord, COO and President of Local Media. "His deep understanding of the Texas markets, strong leadership skills, and proven track record in sales make him the perfect choice t
Sinclair today announced the appointment of Tanya Winscott as Vice President and General Manager of KMPH/FOX and KFRE/CW in Fresno, CA. In making the announcement, Rob Weisbord, Sinclair's Chief Operating Officer and President of Local Media, said, "Tanya's deep experience in sales and leadership, along with her strong understanding of the evolving media landscape, make her the perfect fit to lead KMPH and KFRE. We are confident that under her leadership, these stations will continue to deliver outstanding content and service to the Fresno community." Prior to joining Sinclair, Winscott served as Director of Sales at KGTV in San Diego. Previously, she was the Local Sales Manager at KNXV
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