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

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Earnings data Q1 2022

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Earnings data Q1 2023

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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.

SAN ANTONIO--(BUSINESS WIRE)--“Crisis in the Classroom,” Sinclair Broadcast Group's national education franchise, today announced it will host a panel discussion, “Crisis in the Classroom: Texas School Choice,” ahead of the upcoming Texas special legislative session. The discussion will focus on families' K-12 education options through school choice policies in Texas, and a proposed voucher system that would allow parents to use public school funds to send their children to private schools. The.

Sinclair's WOAI News 4 San Antonio to Host “Crisis in the Classroom: Texas School Choice” Panel Discussion Thursday, September 28 at 8pm CT

COLUMBUS, Ohio--(BUSINESS WIRE)--The Columbus Metropolitan Housing Authority, The NRP Group, and state and local officials celebrate the grand opening of The Sinclair Apartment Homes.

Leaders with the Columbus Metropolitan Housing Authority and The NRP Group Join with Columbus Mayor Ginther, Local Dignitaries to Cut Ribbon Celebrating Grand Opening of The Sinclair Apartment Homes, New Affordable Apartments in Columbus, Ohio

Sinclair owns hundreds of local news broadcasters. It went up this week because of the news around Disney and its own TV channels.

Why Shares of Local Broadcaster Sinclair Rocketed Higher This Week

BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. is proud to announce Mark Aitken, SVP, Advanced Technology, and President, ONE Media 3.0, has been named a Fellow of the Society of Motion Picture and Television Engineers (SMPTE). Selected by peer review, an SMPTE Fellow is an individual who has, by proficiency and contributions, attained an outstanding rank among engineers or executives in the motion picture, television, or related industries and is working to drive the industry forward. Aitken is re.

Sinclair Executive Mark Aitken Named SMPTE Fellow

WASHINGTON--(BUSINESS WIRE)--Sinclair Broadcast Group, a subsidiary of Sinclair, Inc. (Nasdaq: SBGI), today announced “Full Measure with Sharyl Attkisson” will return for its ninth season, beginning on September 10. Hosted by award-winning journalist Sharyl Attkisson, “Full Measure” focuses on investigative and accountability reporting. The 30-minute, weekly program airs on Sinclair television stations nationwide on Sunday mornings or live online, with topics ranging from immigration to governm.

"Full Measure with Sharyl Attkisson," Sinclair's Weekly Investigative News Program, Returns for Ninth Season on Sunday, September 10

BURBANK, Calif.--(BUSINESS WIRE)--The CW Network (The CW) and Sinclair Broadcast Group, LLC (Sinclair) today announced a multi-year deal that renews affiliations across 35 markets, including 10 markets in which Sinclair provides sales and other services to a CW-affiliated station. In addition, beginning September 1, Sinclair will launch The CW on two new affiliate stations, KOMO-TV, in Seattle, Washington, and WPNT-TV in Pittsburgh, Pennsylvania – both stations currently broadcast LIV Golf and.

The CW Network and Sinclair Expand and Extend Affiliation Partnership

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Television viewers continued to cut the cord in droves during the latest quarter as the value proposition of traditional TV dwindled further.

1.7 million Americans cut the cord last quarter as traditional TV continues to erode

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, a subsidiary of Sinclair, Inc. (Nasdaq: SBGI), is proud to announce that KOMO in Seattle, WA has been honored by the Radio Television Digital News Association (RTDNA) with a National Edward R. Murrow Award. The Murrow Awards recognize outstanding achievements in broadcast and digital journalism. KOMO News Anchor Eric Johnson and the Eric's Heroes team were honored in the Sports Reporting/Large Market Television category for Birth of a Boom,.

KOMO/Seattle Wins RTDNA National Edward R. Murrow Award

Sinclair Inc. won't buy more broadcast stations, given "over-regulation," CEO Chris Ripley says. Instead, the company will focus on tech and other growth investments.

Sinclair CEO Turns From ‘Over-Regulated' Broadcasting, Looks To Ventures And Tech For Future

MILWAUKEE, Minn.--(BUSINESS WIRE)--Sinclair Broadcast Group, a subsidiary of Sinclair, Inc., today announced that Rocky Wagonhurst has been named Vice President and General Manager of WVTV in Milwaukee. Wagonhurst joins Sinclair from WJZ in Baltimore, where he was the Director of Local, Regional and National Sales. In making the announcement, Rob Weisbord, Sinclair's Chief Operating Officer, and President of Local Media said, “Rocky is an accomplished leader with a strong background in developi.

Sinclair Broadcast Group Names Rocky Wagonhurst Vice President and General Manager of WVTV in Milwaukee

Diamond Sports wants mediators step into its conversations with creditors as it tries to solidify a reorganization plan ahead of the NBA and NHL seasons.

Diamond Sports calls for mediators as it pushes toward a reorganization plan

Sinclair Broadcast Group Inc. wrongfully drained at least $1.5 billion from its regional-sports-network subsidiary in the years leading up to its bankruptcy, a new lawsuit alleges.

Sinclair accused of driving regional-sports subsidiary into bankruptcy

Bankrupt Diamond Sports Group has sued its parent company Sinclair Broadcast Group for fraudulently withdrawing as much as $1.5 billion from the regional sports business, according to a lawsuit made public on Wednesday.

Sports broadcaster sues parent Sinclair, alleging $1.5 billion fraud

Sinclair's (SBGI) second-quarter 2023 results reflect a year-over-year decline in the top and bottom lines.

Sinclair (SBGI) Q2 Earnings Miss Estimates, Revenues Fall Y/Y

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI ) Q2 2023 Earnings Conference Call August 2, 2023 4:30 PM ET Company Participants Chris King - Vice President, Investor Relations Chris Ripley - President and Chief Executive Officer Lucy Rutishauser - Executive Vice President and Chief Financial Officer Rob Weisbord - Chief Operating Officer and President of Local Media Conference Call Participants Dan Kurnos - the Benchmark Company Aaron Watts - Deutsche Bank Steven Cahall - Wells Fargo Barton Crocket - Rosenblatt David Karnovsky - JPMorgan Benjamin Soff - Deutsche Bank Courtney Bahlman - Barclays Operator Greetings, and welcome to the Sinclair Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Sinclair Broadcast Group, Inc. (SBGI) Q2 2023 Earnings Call Transcript

Sinclair (SBGI) came out with a quarterly loss of $1.09 per share versus the Zacks Consensus Estimate of a loss of $0.58. This compares to loss of $0.03 per share a year ago.

Sinclair (SBGI) Reports Q2 Loss, Tops Revenue Estimates

Sinclair Inc. reported an 8% year-over-year drop in total revenue to $768 million in the second quarter as losses widened and the company declared a newly intensified focus on unlocking “hidden value.” Formerly known as Sinclair Broadcast Group, the company also highlighted its recent rebrand and reorganization into two operating units.

Sinclair Inc. Q2 Results Slip As Company Touts Reorganization As A Way Of “Unlocking Hidden Value”

BALTIMORE--(BUSINESS WIRE)--First paragraph, second sentence of release should read: The dividend is payable on September 15, 2023, to the holders of record at the close of business on September 1, 2023 (instead of The dividend is payable on September 15, 2023, to the holders of record at the close of business on September 30, 2023). The updated release reads: SINCLAIR DECLARES $0.25 PER SHARE QUARTERLY CASH DIVIDEND Sinclair, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declar.

CORRECTING and REPLACING Sinclair Declares $0.25 Per Share Quarterly Cash Dividend

BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and six months ended June 30, 2023. Second Quarter Highlights: Met or exceeded key financial metrics Repurchased approximately $30 million of debt Completed holding company reorganization CEO Comment: "Sinclair is continuing to see a solid start to 2023, meeting or beating guidance on all key financial metrics," said Chris Ripley, Sinclair's President & Chie.

Sinclair Reports Second Quarter 2023 Financial Results

BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, a subsidiary of Sinclair, Inc. (Nasdaq: SBGI), today announced that the company has awarded scholarships to 15 university students as a part of its annual Diversity Scholarship program. Having provided more than $315,000 in tuition assistance since 2013, the annual Sinclair Broadcast Group Diversity Scholarship aims to invest in the future of the broadcast industry and help students from diverse backgrounds, who reflect Sinclair's audiences.

Sinclair Broadcast Group Announces 2023 Annual Diversity Scholarship Winners, Shaping the Future of Broadcasting

Sinclair, Inc.'s (SBGI) second-quarter 2023 results are expected to reflect a steady decline in its political ad spending and timing of distributor renewals amid macroeconomic challenges.

Sinclair, Inc. (SBGI) to Report Q2 Earnings: What's in Store?

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BALTIMORE, Md.--(BUSINESS WIRE)--Sinclair, Inc. today announced a distribution agreement with Hulu to add carriage of Tennis Channel, T2, Comet and CHARGE! to Hulu + Live TV, beginning January 2024. Tennis Channel, the only television-based multiplatform destination dedicated to both the professional sport and tennis lifestyle and T2, Tennis Channel's first free ad-supported TV (FAST) channel, are scheduled to debut on Hulu + Live TV in January 2024. These additions will give Hulu + Live TV sub.

Sinclair Announces Distribution Agreement with Hulu to Add Carriage of Tennis Channel, T2, Comet and CHARGE!

BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) will report its second quarter 2023 earnings results at 4:00 p.m. ET on Wednesday, August 2, 2023, 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.

Sinclair to Report Second Quarter 2023 Results on August 2, 2023 at 4:00 p.m. (Eastern Time)

BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc., today named Nickolas James to the newly created position of Vice President, Social Media. In this role James will report to Kevin Cotlove, Chief Digital Officer, and will be instrumental in shaping and executing Sinclair's growth and engagement strategy for social media and digital content initiatives. An Emmy, Webby, Clio and Muse award-winning digital creator, James joins Sinclair from HBO Max, where he served as Director of Social, leading the crea.

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