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Sinclair, Inc. - $SBGI STOCK NEWS

Welcome to our dedicated page for Sinclair news (Ticker: $SBGI), a resource for investors and traders seeking the latest updates and insights on Sinclair stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sinclair's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sinclair's position in the market.

Rhea-AI Summary

Sinclair, Inc. (Nasdaq: SBGI) reported Q1 2024 financial results, meeting guidance on Revenue, Media Expenses, and Adjusted EBITDA. The company settled all DSG litigation claims, pre-booked $77 million in political advertising for the second half of 2024, and launched NextGen data solutions platform, Broadspan. CEO expects mid-single digit growth in net retransmission revenues and announced strategic focus on core advertising revenue growth.

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Sinclair, Inc. (Nasdaq: SBGI) declared a $0.25 per share quarterly cash dividend for its Class A and Class B common stock. The dividend will be paid on June 17, 2024, to shareholders on record as of June 3, 2024. Sinclair is a media company with 185 TV stations, Tennis Channel, multicast networks, regional sports brands, and NewsON platform.

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Sinclair Broadcasting Group's television stations have been honored with four National Headliner Awards, including first place in Investigative Reporting and Consumer Reporting. The awards recognize exceptional journalism in the United States, with Sinclair's stations standing out for their in-depth investigative work and impactful reporting. The recognition highlights the company's commitment to journalistic excellence and community service.

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3.98%
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Sinclair's Group News Director, Blaise Labbe, is being inducted into the Oklahoma Journalism Hall of Fame for his outstanding career achievements. Labbe oversees news operations in 12 markets across five states and has received numerous awards, including Emmys and the National Minority Business Development Agency's Cornerstone award. The induction gala will take place on May 2nd at the University of Central Oklahoma.

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3.38%
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Five leading television stations in Portland, Maine have launched NextGen TV, a new digital broadcast technology that offers improved video quality, enhanced sound, and interactive features. The technology, powered by ATSC 3.0, aims to revolutionize the TV viewing experience for local viewers.
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Sinclair, Inc. releases its 2023 Corporate Social Responsibility Report on Earth Day, highlighting achievements in sustainability, social responsibility, and corporate governance. The report emphasizes strategies focusing on Environmental Impact Reduction, Employee Support, Workplace Ethics, Promoting an Informed Society, Transparency, and Accountability.
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Sinclair (SBGI) launches 'Broadspan' datacasting platform in collaboration with Edgio for efficient data distribution using ATSC 3.0 technology. The platform offers broadcasters new business opportunities and enhanced data distribution capabilities across various devices. Edgio will deliver a true 4K experience to viewers by offloading video and audio data from the internet, improving user experience and increasing bitrates. Broadspan aims to revolutionize data delivery and create cost-effective solutions for customers and broadcasters.
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15.7%
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Sinclair, Inc. joins Entertainment ID Registry (EIDR) as a member of the Board of Directors. Sinclair's AVP of Media Management, Mike Palmer, to represent the company. EIDR offers unique identifiers for audio-visual content to track media across the supply chain. Palmer highlights the benefits of EIDR's metadata capabilities for Sinclair's content management and distribution.
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2.75%
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Sinclair, Inc. (SBGI) to report Q1 2024 earnings on May 8, 2024, with a conference call to discuss the results. Webcast available on company website. Replay and press release also accessible online.
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Sinclair, Inc. partners with HeyGen to translate Tennis Channel's 'Petko Unfiltered' series into Spanish using AI technology. The company aims to expand its global audience reach by providing content in native languages. Sinclair prioritizes responsible AI practices and joins authenticity and provenance organizations CAI and C2PA.
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Sinclair, Inc.

Nasdaq:SBGI

SBGI Rankings

SBGI Stock Data

876.56M
33.27M
11.36%
69.39%
5.32%
Entertainment
Communication Services
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United States of America
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