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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

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.

Sinclair is looking to sell a chunk of its 185 broadcast stations, according to people familiar with the matter.

Sinclair explores selling roughly 30% of its broadcast stations, sources say

Sinclair, Inc. (NASDAQ:SBGI ) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Chris King - Vice President-Investor Relations Chris Ripley - President & Chief Executive Officer Rob Weisbord - Chief Operating Officer & President-Local Media Lucy Rutishause - Executive Vice President & Chief Financial Officer Conference Call Participants Dan Kurnos - The Benchmark Group Aaron Watts - Deutsche Bank Steven Cahall - Wells Fargo Barton Crockett - Rosenblatt David Hamburger - Morgan Stanley Benjamin Soff - Deutsche Bank Operator Good afternoon everyone and welcome to Sinclair's First Quarter 2024 earnings conference call. At this time, all participants have been placed on a listen-only mode and the floor will be open for questions after the presentation.

Sinclair, Inc. (SBGI) Q1 2024 Earnings Call Transcript

BALTIMORE--(BUSINESS WIRE)--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.

Sinclair Reports First Quarter 2024 Financial Results

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair is pleased to announce its television stations were honored with a total of four National Headliner Awards, including first place in the Investigative Reporting and Consumer Reporting categories. 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: Broadcast or cable television stations investigative reporting: First.

Sinclair Wins Four National Headliner Awards

OKLAHOMA CITY--(BUSINESS WIRE)--Sinclair is proud to announce that Blaise Labbe will be inducted into the Oklahoma Journalism Hall of Fame. Labbe is currently a Group News Director for Sinclair Broadcast Group and oversees the news operations in 12 Sinclair markets across five states. The Oklahoma Journalism Hall of Fame honors outstanding journalists for their career accomplishments and it is considered the highest journalistic honor in the state. It recognizes Oklahoma natives or journalists.

Blaise Labbe, Sinclair's Group News Director, Named to Oklahoma Journalism Hall of Fame

PORTLAND, Maine--(BUSINESS WIRE)--Five leading television stations serving the Portland Maine television market have begun broadcasting with NextGen TV, a revolutionary new digital broadcast technology. The launch includes WMTW (ABC), WGME-TV (CBS), WPFO (FOX), WMEA-TV (Maine Public) and WCBB (PBS). 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.

WMTW, WGME-TV, WPFO, and WMEA-TV/WCBB Launch NextGen TV in Portland, Maine

HUNT VALLEY, Md.--(BUSINESS WIRE)--In honor of Earth Day, Sinclair, Inc. today published its 2023 Corporate Social Responsibility (CSR) report, detailing the Company's achievements and progress in its social responsibility journey. The Company's 2023 CSR report provides continued transparency to its stakeholders, as well as details on its sustainability practices, social responsibility, and corporate governance framework. Through the information disclosed in the report, the Company underscores.

Sinclair Releases 2023 Corporate Social Responsibility Report

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The Bureau of Labor Statistics reported in early April 2024 that the Consumer Price Index rose 3.5%. This means inflation has now exceeded the Federal Reserve's 2% inflation target for 37 consecutive months.

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FALLS CHURCH, Va.--(BUSINESS WIRE)--The lecture is one of the scheduled events during AIHA Connect, AIHA's annual conference and expo for OEHS professionals.

2024 Upton Sinclair Memorial Lecture Examines Silicosis Epidemic Among Artificial-Stone Fabricators during AIHA Connect

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, 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.

Sinclair Launches “Broadspan” Datacasting Platform

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LAS VEGAS--(BUSINESS WIRE)--At the hotly anticipated NAB Show 2024, Futuri's CEO Daniel Anstandig, alongside co-presenter Ameca, the AI-powered humanoid, shared findings from the most comprehensive study ever conducted on AI's role in media. In collaboration with CMG Custom Research, a team that conducts audience research for high-performing television and radio stations, the study surveyed nearly 5,200 radio and TV news consumers across the United States, revealing powerful insights into audie.

Futuri Shares Groundbreaking AI in Media Study at National Association of Broadcasters (NAB) Show 2024; Reveals A New Era of Human-AI Collaboration in Content Creation

HUNT VALLEY, Md.--(BUSINESS WIRE)--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.

Sinclair Joins Entertainment ID Registry Board

BALTIMORE--(BUSINESS WIRE)--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.

Sinclair to Report First Quarter 2024 Results on May 8, 2024 at 4:00 p.m. (Eastern Time)

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. today announced the company has taken its first steps into usage of generative artificial intelligence within its original content to reach more audiences globally in their native languages. Sinclair will begin using AI for language translation beginning with “Petko Unfiltered,” a Tennis Channel series with network analyst Andrea Petkovic, a former WTA world #9 player. “Petko Unfiltered” provides an in-depth and unfiltered first-person perspecti.

Sinclair Begins Generative AI Usage

BALTIMORE--(BUSINESS WIRE)--WBFF FOX45, Baltimore's #1 ranked news outlet, The Baltimore Sun, the region's leading source of news and information, Atlas Restaurant Group, the largest restaurant group in the city of Baltimore, and MileOne Autogroup, the region's largest car dealer group, today announced the companies will make financial donations in support of the Maryland Tough Baltimore Strong Key Bridge Fund. WBFF, The Baltimore Sun, and Atlas Restaurant Group will each donate $50,000 to the.

WBFF FOX 45/Sinclair, The Baltimore Sun, The David D. Smith Family Foundation, Atlas Restaurant Group and MileOne Autogroup to Support Recovery Effort in Baltimore Harbor with Donations to the Maryland Tough Baltimore Strong Key Bridge Fund

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Sinclair SBGI, +4.55% -owned Diamond Sports Group extended its distribution deal with Charter Communications CHTR, -0.84%, giving Spectrum customers access to the company's regional sports networks.

Sinclair's Diamond Sports extends distribution deal with Charter Communications

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) and its subsidiary, ONE Media Technologies, will be participating in the 2024 National Association of Broadcasters (NAB) Show next week in Las Vegas. Members of the company's leadership team will participate in multiple panel discussions and technical paper presentations during the April 13-16 show, and Sinclair will host a press conference event on April 14. Sinclair and ONE Media also be participating in ATSC's NAB booth in the.

Sinclair and ONE Media Technologies to Participate in NAB Show, Las Vegas April 13-16

In the closing of the recent trading day, Sinclair (SBGI) stood at $12.52, denoting a -1.49% change from the preceding trading day.

Sinclair (SBGI) Sees a More Significant Dip Than Broader Market: Some Facts to Know

LONDON--(BUSINESS WIRE)--High growth accounting, tax and corporate finance firm Wilson Partners has acquired the Woking-based firm Barnbrook Sinclair. The move strengthens its presence in the South East of England and enables Wilson Partners to bolster its audit, tax and advisory capabilities. Wilson Partners' latest acquisition will drive revenues to £20m for y/e 2024, with 160 staff across 5 offices. Allan Wilson, Wilson Partners MD said, “This is another exciting opportunity for us to grow o.

Wilson Partners Brings Barnbrook Sinclair Onboard, Strengthening Accounting Group's Presence in South East England

WASHINGTON--(BUSINESS WIRE)--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 Phoen.

Sinclair Names Matthew Galka National Correspondent, Washington DC Bureau

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, a subsidiary of Sinclair Inc., (Nasdaq: SBGI) today announced a new broadcast affiliate distribution agreement with ABC Owned Television Stations that will make CHARGE!, one of Sinclair's free, over-the-air, national broadcast TV networks, available on ABC Owned Television Stations' Diginet 3. Beginning today, CHARGE!, which features a lineup of the biggest police procedural franchises in TV history, including Law & Order: Criminal Inten.

CHARGE! and ABC Owned Television Stations Enter Into New Network Affiliation Agreement

RICHMOND, Va.--(BUSINESS WIRE)--Sinclair today announced that Shuneca Harrington has been named VP/GM of WRLH/FOX in Richmond, VA. Harrington, who began her media career at Sinclair, returns to the company from WRAL/NBC and WRAZ/FOX in Raleigh, NC where she was Director of Sales. In making the announcement, Rob Weisbord, Sinclair's Chief Operating Officer and President of Local Media said, “We are thrilled Shuneca is returning to Sinclair to oversee WRLH in Richmond. She is a data-focused, crea.

Sinclair Broadcast Group Names Shuneca Harrington Vice President and General Manager of WRLH/FOX in Richmond, VA

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sinclair, Inc. today announced David Gibber has been elevated to Executive Vice President and Chief Legal Officer. Gibber was most recently the company's Senior Vice President/General Counsel, a position he has held since 2019. Gibber joined Sinclair in 2011 and has held several leadership roles including Vice President/Deputy General Counsel, Deputy General Counsel/Director of Legal Services, and Legal Counsel. Gibber also serves on the board of directors of.

Sinclair Promotes David Gibber to Executive Vice President and Chief Legal Officer

Sinclair (SBGI) closed the most recent trading day at $12.49, moving +0.97% from the previous trading session.

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