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 |
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
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.
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
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A Strategic Evolution of Sales and Content Divisions Sinclair Broadcast Group today announced the launch of two major initiatives: AMP Sales & Marketing Solutions, a reimagined advertising sales and integrated marketing division, and AMP Media, a dynamic new brand focused on non-news content and original programming. These developments represent key milestones in the company's ongoing transformation to expand its offerings and redefine how it engages clients, audiences, and partners. Beginning next month, Sinclair's sales division will become AMP Sales & Marketing Solutions, a unified advertising sales and integrated marketing team, delivering innovative, creative, and tech-forward camp
Multi-Year Deals Span 21 NBC Affiliates, Serving Nearly 7 Million US Television Households Sinclair and NBC today announced a comprehensive, multi-year agreement that renews station affiliation agreements for all 21 of Sinclair's owned and/or operated NBC affiliates, with the stations reaching nearly 7 million U.S. TV households. The agreement consists of renewals for the following NBC affiliates: WOAI/San Antonio, TX; KSNV/Las Vegas, NV; WJAR/Providence, RI; WNWO/Toledo, OH; WSTM/Syracuse, NY; WCYB/Tri-Cities, TN-VA; WTWC/Tallahassee, FL; WJAC/Johnstown- Altoona, PA; WPBN and WTOM/Traverse City-Cadillac, MI; KCFW and KECI/Missoula, MT; WTOV/Wheeling-Steubenville, OH; and KTVM and KDBZ-
Sinclair, Inc. (NASDAQ:SBGI), the "Company" or "Sinclair," today announced that Sinclair Television Group, Inc. ("STG") and certain affiliated entities have entered into a Transaction Support Agreement (including the attached term sheet and other attachments thereto, the "TSA") with certain of STG's secured creditors (the "Consenting Creditors"), including lenders holding term loans (the "Existing Term Loan Facility") under STG's existing credit facilities (the "Existing Credit Facilities") governed by STG's existing bank credit agreement (the "Existing Credit Agreement") and various holders of STG's outstanding 4.125% Senior Secured Notes due 2030 (the "Existing Secured Notes"), on the pri
Fundraising Initiative to Support Disaster Relief Across Southern California Sinclair and Tennis Channel today announced Sinclair Cares: California Wildfires Relief, a fundraising initiative in partnership with the Salvation Army to provide disaster relief support across Southern California. Donations made via Sinclair Cares: California Wildfires Relief will help provide critical aid, shelter, food, fresh water, and support for wildfire survivors and first responders in Los Angeles. All funds raised will directly support the Salvation Army's wildfire disaster relief efforts. "Our hearts go out to everyone impacted by these devastating wildfires. Sinclair is committed to supporting the
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 today announced that Jon Kramer has been named Vice President/General Manager of WMSN FOX 47 in Madison. Kramer previously served as the station's General Sales Manager, a position he has held since 2019. In making the announcement, Rob Weisbord, Sinclair's Chief Operating Officer and President of Local Media, said, "Jon's extensive expertise in developing innovative advertising strategies and his proven track record in maximizing revenue make him the perfect choice to lead WMSN FOX 47. Jon also has a strong background as a research analyst, further enhancing his ability to deliver outstanding results for our clients and audiences in Madison." Prior to joining Sinclair, Kramer
Nashville PBS and Sinclair Broadcast Group, LLC, a subsidiary of Sinclair, Inc. (NASDAQ:SBGI), proudly announce the launch of WNPT-VC, a new virtual ATSC 3.0 channel, broadcasting on virtual channel 8-11. This innovative launch brings Nashville PBS' high-quality programming into the NEXTGEN television space, offering viewers a state-of-the-art experience. The programming on WNPT-VC mirrors that of Nashville PBS' main channel, 8-1, while providing enhanced accessibility for those with NEXTGEN-enabled televisions. Virtual ATSC 3.0 channels are transmissions that provide programming directly over-the-air to smart TVs using the NEXTGEN broadcast data channel capacity of a host broadcaster.
TBD TV Will Be Available on FOX Affiliates in New York, Los Angeles, Chicago, Atlanta, and Phoenix Beginning January 15 Representing 22 Million TV Households Sinclair today announced a network distribution agreement with FOX Television Stations to add Sinclair's free over-the-air national broadcast TV network TBD TV to FOX's owned and operated affiliates beginning January 15, 2025. The expanded agreement positions TBD TV in FOX's key channel slots in several of the top markets, including the three largest DMAs, adding 22 million total TV households. TBD TV is the home of big stars and big comedy, with a lineup of ground-breaking, funny franchises. Beginning January 15, TBD TV will be
NewsON, the nation's premier streaming service for local news content, today announced the launch of its upgraded app on Roku. This latest version brings a host of new features and a refreshed user interface, providing viewers with unparalleled access to live and on-demand news coverage across the United States. With the newly redesigned app, users can enjoy ad-supported access to a comprehensive range of local news content, including live newscasts and on-demand clips from over 285 trusted TV stations spanning 135+ markets, covering over 90% of the U.S. Additionally, numerous local stations have FAST channels which are available for streaming on NewsON. The enhanced NewsON experience i
These partnerships bring Airtasker USA's total 2024 media-for-equity to $21.75 million to strategically unlock brand visibility opportunities amid US market expansion Airtasker (ASX: ART), the global marketplace for local services, today announced it has secured a total of $12 million in media capital through partnerships with Sinclair Broadcast Group, a division of Sinclair, Inc. (NASDAQ:SBGI) and Mercurius Media Capital LP. These partnerships bring Airtasker USA's total media capital raised in 2024 to $21.75 million, expanding the company's reach and enabling more Americans to connect with local Taskers for help with everyday tasks. Sinclair Media Partnership: Sinclair is providing Ai
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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 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
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'