Sinclair Inc

Sinclair Broadcast Group, Inc. is a media company engaged in the provision of local sports and news. It operates through the following segments: Broadcast, Local Sports, and Others. The Broadcast segment consists of television stations which offer programming and operating services, and sales and other non-programming operating services. The Local Sports segment consists of regional sports networks, the Marquee Sports Network, Yankee Entertainment, and Sports Network LLC. The company was founded by Julian Sinclair Smith in 1986 and is headquartered in Hunt Valley, MD.

Earnings data Q1 2021

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Sinclair Inc reports record revenues in 2022, eyes technology investments

Sinclair Inc's Q4 2022 earnings call highlighted strong financial performance, strategic investments in technology, and a focus on sustainability. Challenges include declines in net retrans growth and negotiations with CBS stations. Opportunities exist in political ad revenue, distribution renewals, and deleveraging through buybacks.

Sinclair Inc (SBGI) reports strong Q1 performance and eyes growth opportunities

Sinclair Inc (SBGI) showcased strong financial and operational performance in Q1 2023, driven by robust media revenues and strategic advancements in key assets.
While facing challenges from industry uncertainties and leverage changes, Sinclair's reorganization and technology investments position it well for future growth.
Opportunities lie in FCC initiatives, leverage reduction plans, subscriber repricing, and strong local ad performance, offering avenues for revenue enhancement.
Overall, Sinclair's focus on innovation, strategic growth, and revenue diversification underscores its resilience and potential for sustained success in the market.

Sinclair Inc exceeds Q2 expectations, eyes growth in political advertising

Sinclair Inc's Q2 2023 performance showcased resilience in revenue generation and cost management, with the Local Media segment contributing significantly to adjusted EBITDA.
Despite challenges in programming exclusivity and fundraising, the company's strengths in community relevance and strategic partnerships position it well for future growth opportunities.
Opportunities in political advertising, technology investments, and debt reduction strategies present avenues for Sinclair to drive revenue growth and enhance shareholder value.

Sinclair Inc surpasses Q3 expectations, eyes record political ad revenues

Sinclair Inc (SBGI) delivered strong financial results in Q3 2023, exceeding guidance and showcasing resilience in a competitive market.
The company's focus on local media transformation, strategic pillars, and diversified revenue streams underpin its growth trajectory.
While facing challenges in navigating industry dynamics and managing debt reduction, Sinclair is well-positioned to capitalize on opportunities in political ad spending and digital advertising.
Overall, Sinclair's innovative initiatives, commitment to operational excellence, and strategic investments position it for sustainable growth and value creation.

Sinclair Inc reports solid Q4 results and eyes growth in 2024

Sinclair Inc's Q4 earnings call highlighted strong performance, diverse strengths, key challenges, and promising opportunities for growth in 2024.
The company's focus on industry leadership, financial stability, and strategic growth drivers positions it well for the future amidst evolving market dynamics.
By addressing challenges, leveraging strengths, and seizing growth opportunities, Sinclair Inc aims to maintain its competitive edge and drive value for stakeholders.

Sinclair Inc reports strong Q1 results and focuses on debt reduction for future growth

Sinclair Inc (SBGI) showcased strong Q1 performance, with a focus on debt reduction and shareholder returns.
The company faces challenges from subscriber churn and interest rate impacts but is poised for revenue growth opportunities.
Opportunities lie in political revenues, asset monetizations, and diversified sales approaches for future financial strength.
Strategic investments in core advertising, debt reduction, and asset monetizations position Sinclair for sustained growth and profitability.

Sinclair Inc reports robust Q2 results, eyes growth opportunities ahead

Sinclair Inc (SBGI) delivered strong Q2 financial results, with revenue meeting expectations and adjusted EBITDA exceeding guidance. The company's emphasis on Local Media Broadcast assets and broadcast television's value showcases its market positioning and revenue potential.
Despite facing challenges in maintaining advertising growth and adapting to changing media dynamics, Sinclair Inc's strong performance and diversified revenue streams provide a solid foundation for future growth. The company's focus on trust in local news and revenue diversification highlights strategic priorities for sustained success.
With opportunities to leverage its assets for national reach, capitalize on live sports programming, and explore new revenue streams, Sinclair Inc is well-positioned for growth. By embracing digital integration and innovative strategies, the company can navigate challenges and drive long-term success in the evolving media landscape.

Sinclair Inc. reports solid Q3 results, eyes industry consolidation opportunities

Sinclair Inc. delivered solid Q3 results with record political ad revenues and growth in core advertising and distribution revenues.
The company faces challenges from late political ad cancellations impacting revenues and an expected decline in core advertising for Q4.
Opportunities lie in industry consolidation, M&A activities, debt management, and diversification through new product launches.
Sinclair remains focused on reducing leverage, exploring growth opportunities, and maximizing efficiencies in debt management for future success.

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Sinclair, Inc. is a media company that engages in providing content on local television stations and digital platforms. It also owns digital media products that are complementary to their extensive portfolio. It operates through the Local Media and Tennis segments. The company was founded by Julian Sinclair Smith in 1971 and is headquartered in Hunt Valley, MD.

LAS VEGAS--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced its intention to offer high dynamic range (HDR) content for its Bally Sports Regional Sports Networks (RSNs) beginning in the third quarter of 2022. Premier demonstrations are being shown at the NAB 2022 Show. Sinclair, working closely with its Bally Sports RSNs and technology vendors, has provided an “end-to-end” approach to transition the sports industry to a more realistic and engaging viewing experience. Lev

Sinclair to Bring Superior Video Quality to the World of Sports

LAS VEGAS--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) will offer to the entire broadcast industry an open-sourced version of its sophisticated Broadcast App as a common baseline for hybrid TV. Merging over-the-air and Internet-delivered programming is a revolutionary capability built in to the NextGen Broadcast standard. Enabling that feature is the Broadcast App. Viewers today are agnostic on how they receive TV programs so long as the quality is equivalent between provider

Sinclair to Offer Sophisticated Open-Source Broadcast App to the Broadcast Industry

LAS VEGAS--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) and its subsidiary, ONE Media 3.0, will demonstrate key enhancements to the NextGen Broadcast standard (ATSC 3.0) at the NAB Show beginning this week. Those elements will serve as the baseline for Sinclair/ONE Media 3.0's vision of a “mobile-first” offering of video and data services, delivery of significant picture quality improvements and a more efficient merger of broadcast and broadband capabilities. An industry leade

Sinclair Broadcast Group Demonstrates Enhanced Elements of NextGen Broadcast at NAB Show

HUNT VALLEY, Md.--(BUSINESS WIRE)--Executives from Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) and its subsidiary, ONE Media 3.0, will be participating in the 2022 National Association of Broadcasters (NAB) Show next week in Las Vegas. Members of the company's leadership team are scheduled to present in panel discussions during the NAB Show, while also hosting ATSC 3.0 demonstrations. Executives include: Chris Ripley, President and CEO Del Parks - President of Technology Mark Aitken - SVP of

Sinclair Broadcast Group and ONE Media 3.0 Executives to Speak at NAB Show, Las Vegas

Charter Communications

BALTIMORE, Md.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), and Charter Communications, Inc. (Nasdaq: CHTR) have reached a comprehensive distribution agreement for continued carriage of Sinclair's owned local broadcast stations, Tennis Channel, 19 Bally Sports RSN brands, Marquee Sports Network and the YES Network, in which Sinclair is a joint venture partner. Terms of the agreement were not disclosed. About Sinclair: Sinclair Broadcast Group, Inc. is a diversified media com

Sinclair Broadcast Group and Charter Communications Reach Broad Distribution Agreement

HUNT VALLEY, Md. & MELBOURNE, Fla.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) and USSI Global announced today that they will partner to offer the nation's first commercial datacasting service using the NextGen Broadcast standard (ATSC 3.0). The pilot program will deliver local content, advertising, and data files to the rapidly growing Electric Vehicle Charging station market. Validating the promise of datacasting as a commercial service for broadcasters, USSI Global will c

Sinclair Broadcast Group and USSI Global Announce Groundbreaking Datacasting Pilot

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today released preliminary Media Revenue results for its Broadcast segment and for Other/Corporate/Eliminations for the three months ended March 31, 2022. The preliminary results, which exclude the Local Sports segment, are being provided as additional information for lenders evaluating a refinancing of Sinclair Television Group, Inc. (STG) debt that launched on April 6, 2022. Media Revenues

Sinclair Reports Certain Preliminary First Quarter 2022 Results for Certain Segments and Announces First Quarter 2022 Earnings Call

MACON, Ga.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Greg Conner, currently Vice President/General Manager of WACH (FOX) in Columbia, SC and WFXL (FOX) in Albany, GA, will add oversight of WGXA (FOX) in Macon, GA to his responsibilities. Conner, who has worked for Sinclair for over 20 years, has held several leadership roles across the company, including General Manager of Sinclair's Greensboro/Winston-Salem, NC operations, Director of Sales in Las Vegas, a

Sinclair Broadcast Group Names Greg Conner Vice President/General Manager WGXA in Macon, GA

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (NASDAQ: SBGI) is pleased to announce Project Baltimore, the special investigative reporting unit of WBFF/Fox 45 News, was honored by Investigative Reporters and Editors (IRE) for its reporting on Baltimore's public school system, exposing ghost students and an alarming number of students with a failing GPA advancing through course levels. This is the third time Project Baltimore has been honored with an IRE Award, and the fourth consecutive

Sinclair Broadcast Group's “Project Baltimore” Wins Prestigious IRE Award

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (Nasdaq: SBGI) today announced the company has launched Sinclair Green: Battery Recycling, a promotional campaign which will run throughout April, in conjunction with Earth Month, encouraging its employees and viewers to recycle household batteries at a Batteries Plus location or through their local municipality. As part of Sinclair Green, a company-wide sustainability initiative, Sinclair is identifying and implementing ways to reduce the or

Sinclair Broadcast Group to Launch Battery Recycling Program

RAYMOND, Maine--(BUSINESS WIRE)--Sinclair Broadcast Group (Nasdaq: SBGI) today announced the promotion of Keith Pelletier to President of its Dielectric subsidiary. Pelletier has been employed by Dielectric for 25 years and has operated as Vice-President, General Manager of the RF antenna and system manufacturer since Sinclair acquired the assets in 2013. Previous President, Andy Whiteside, who is retiring this summer, said, “Keith has in-depth engineering and manufacturing experience coupled w

Sinclair Promotes Keith Pelletier to President, Dielectric

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), has notified the trustee (“Trustee”) for its 5.875% Senior Notes due 2026 (CUSIP No. 829259AU4 / U8275QAG5 / 829259AV) (the “Notes”) that it intends to redeem, in full, STG's outstanding $347.5million aggregate principal amount of Notes on April 21, 2022 (the “Redemption Date”). The redemption of the Notes is

Sinclair Announces Conditional Redemption of 5.875% Notes

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), intends to enter into an amendment (the “Amendment”) to its credit agreement to provide for, among other things, the incurrence of new term loans in order to refinance the outstanding term loan B-1 tranche under its credit agreement (which currently has a maturity date of January 3, 2024) with new term

Sinclair to Seek Partial Amendment and Extension of STG Credit Facilities

GAINESVILLE, Fla.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Hilary Walker has been named Vice President/General Manager of WTGS (FOX) in Savannah, GA, with oversight of providing services to WGFL (CBS) and WNBW (NBC) in Gainesville, FL. Walker was most recently Local Sales Manager at WGFL and WNBW. In making the announcement, Rob Weisbord, Sinclair's Chief Operating Officer and President of Broadcast said, “Hilary has a history of success in the Gainesville

Sinclair Broadcast Group Names Hilary Walker Vice President/General Manager of WGFL and WNBW in Gainesville, FL and WTGS in Savannah, GA

PENSACOLA, Fla.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Cory Culleton has been named Vice President/General Manager of WEAR and WFGX in Pensacola, FL and oversight of providing services to WPMI and WJTC in Mobile, AL. Culleton has held several executive leadership positions at Sinclair, most recently serving as VP and General Manager with oversight of providing services to WGFL/WNBW in Gainesville, FL. Previous roles included VP and General Manager at WTG

Sinclair Broadcast Group Names Cory Culleton Vice President/General Manager of WEAR/WFGX in Pensacola, FL and WPMI/WJTC in Mobile, AL

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group today announced the company raised over $215,000 through Sinclair Cares: Ukraine Relief, a fundraising partnership with Global Red Cross to help with their humanitarian relief efforts in Ukraine and neighboring countries. In one week, over $165,000 was contributed by individual donors through www.SinclairCares.com, with a $50,000 match from Sinclair Broadcast Group, bringing the total donation to $215,000. These donations will be used by the

Sinclair Broadcast Group Raises Over $215,000 for Global Red Cross Fund for Ukraine

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) congratulates Executive Vice President and Chief Financial Officer Lucy Rutishauser for being named one of “Maryland's Top 100 Women in 2022” by The Daily Record. Maryland's Top 100 Women recognizes outstanding achievements by women demonstrated through professional accomplishments, community leadership and mentoring. “Lucy is an integral part of our corporate team, and we are proud she has been recognized by The Daily Re

Sinclair Broadcast Group's Lucy Motsay Rutishauser Named One of Maryland's Top 100 Women by The Daily Record

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. today announced the launch of its new business development unit, Free State Strategic Services. Free State's mission is to provide the federal government, along with state and local agencies, a full suite of targeted digital marketing and advertising solutions to help government agencies communicate with the American public effectively and efficiently. Free State Strategic Services' goal is to provide targeted solutions that generate im

Sinclair Broadcast Group Launches Free State Strategic Services

PHILADELPHIA--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Alan B. Frank, Senior Vice President and Group Manager, will be honored by the Pennsylvania Association of Broadcasters (PAB) and inducted into the Pennsylvania Broadcast Hall of Fame. The Pennsylvania Association of Broadcasters promotes collaboration between radio and television broadcast station owners, managers, and staff across the state. The PAB Hall of Fame designation is awarded to broadcast sta

Sinclair Broadcast Group's Alan Frank to be Inducted into the Pennsylvania Broadcast Hall of Fame

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) today announced that on March 15, 2022, the Company's indirect subsidiaries, Diamond Sports Group, LLC (“Diamond Sports Group”) and Diamond Sports Finance Company (the “Co-Issuer,” and together with Diamond Sports Group, the “Issuers”), completed the final settlement of their previously announced private offer to exchange (the “Exchange Offer”) any and all of the Issuers' outstanding 5.375% S

Sinclair Announces Final Settlement of Private Debt Exchange Offer of Diamond Sports Group

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group today announced the company has launched Sinclair Cares: Ukraine Relief, a fundraising partnership with Global Red Cross to help with their humanitarian relief efforts on the ground in Ukraine and neighboring countries. According to the UN Human Rights Council, more than three million people have fled Ukraine and an estimated 18 million — a third of the country's population —need humanitarian assistance. Beginning today, www.SinclairCares.com

Sinclair Broadcast Group Partners with Global Red Cross to Raise Funds for Ukraine

FLINT, Mich.--(BUSINESS WIRE)--Flint's leading television stations today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes WJRT-TV (ABC), WNEM-TV (CBS), WSMH (FOX), WEYI-TV (NBC) and WBSF (CW). Based on the same fundamental technology as the Internet and digital apps, NextGen TV can support a wide range of features that are currently in development. In addition to providing a new, improved way for broadcasters to reach viewers with adv

Major Broadcasters Launch NextGen TV on Five Local Television Stations in Flint, MI

FLINT, Mich.--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Rebecka Butcher has been named Vice President/General Manager of WSMH (FOX) in Flint, MI. Butcher will also be responsible for oversight of providing services to WEYI (NBC) and WBSF (CW). Butcher, who served as VP and General Manager of WEYI/WBSF from 2008-2015, returns to the stations from Adams Outdoor Advertising, where she most recently served as the General Sales Manager. Butcher spent 17 years at

Sinclair Broadcast Group Names Rebecka Butcher Vice President/General Manager in Flint, MI

Nexstar Media Group

CHARLESTON, S.C.--(BUSINESS WIRE)--Charleston's leading television stations today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes WCIV (ABC), WCSC-TV (CBS), WTAT-TV (FOX), WCBD-TV (NBC) and WGWG (H&I). Based on the same fundamental technology as the Internet and digital apps, NextGen TV can support a wide range of features that are currently in development. In addition to providing a new, improved way for broadcasters to reach vi

Major Broadcasters Launch NextGen TV on Five Local Television Stations in Charleston, SC

HUNT VALLEY, Md.--(BUSINESS WIRE)--ONE Media 3.0, Sinclair Broadcast Group's subsidiary dedicated to the deployment of advanced broadcast capabilities, announced today a three-part webinar series tackling the intricacies of Advanced Emergency Information powered by the NextGen Broadcast standard – ATSC 3.0. To be held virtually on consecutive Tuesdays in March (March 15, 22, 29 at 1:00 PM EST), the webinar series will take a deep dive into the new capabilities to warn and inform consumers of ur

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