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.
Sinclair Inc. (SBGI) is a leading force in broadcast media and sports programming, operating one of America's largest television station groups. This news hub provides investors and industry observers with direct access to official corporate announcements and verified media coverage.
Our curated collection serves as a reliable resource for tracking financial results, strategic partnerships, regulatory updates, and leadership developments. You'll find timely updates on earnings reports, content distribution agreements, technology investments, and market expansion initiatives that shape Sinclair's position in the evolving media landscape.
All content is sourced from verified corporate communications and reputable financial publications. For stakeholders monitoring broadcast industry trends or evaluating SBGI's competitive strategy, this page offers organized access to both recent developments and historical context.
Bookmark this page for streamlined tracking of Sinclair's operational milestones and regulatory filings. Check back regularly for updates on how America's largest television station operator navigates digital transformation and content distribution challenges.
EdgeBeam Wireless, a new joint venture formed by four major broadcasting groups (E.W. Scripps, Gray Media, Nexstar Media Group, and Sinclair), aims to provide nationwide wireless data services using ATSC 3.0 technology. The venture will leverage existing broadcast infrastructure to deliver data services across multiple industries.
The company targets three main markets with significant revenue potential: automotive connectivity ($3.7B/year), content delivery networks ($3.65B/year), and enhanced GPS ($220M/year). EdgeBeam will deliver data to any civilian or military device with an ATSC 3.0 receiver, including vehicles, drones, marine vessels, and mobile devices.
The partnership creates a nationwide spectrum footprint that individual broadcasters couldn't achieve alone, with plans to partner with additional broadcasters for expanded coverage. The service could also provide a backup to existing GPS capabilities, helping secure the U.S. economy.
Sinclair has appointed Jon Kramer as Vice President/General Manager of WMSN FOX 47 in Madison, Wisconsin. Kramer, who previously served as the station's General Sales Manager since 2019, brings extensive experience in advertising strategies and revenue maximization. Rob Weisbord, Sinclair's Chief Operating Officer and President of Local Media, highlighted Kramer's expertise in developing innovative advertising strategies and his background as a research analyst.
Before joining Sinclair, Kramer held executive leadership positions at Capital Newspapers and their digital agency Amplified, including Director of Sales Development, Digital Business Developer, and Market Research Analyst. His experience spans both linear and digital media. Kramer, who holds a Bachelor of Arts degree from the University of Wisconsin–Eau Claire, is also the founder and president of the Wisconsin Billiards Hall of Fame.
Nashville PBS and Sinclair Broadcast Group (NASDAQ: SBGI) have launched WNPT-VC, a new virtual ATSC 3.0 channel broadcasting on virtual channel 8-11. The channel mirrors Nashville PBS' main channel content while utilizing NEXTGEN TV technology, which combines over-the-air broadcasting with internet capabilities.
The new service offers enhanced features including:
- Higher-quality video with HDR capabilities
- Immersive audio
- Improved accessibility through closed captions
- Interactive program guides
This launch represents the first NEXTGEN implementation in Nashville and the second nationwide under Sinclair's agreement with America's Public Television Stations (APTS) to provide free carriage of APTS member stations in markets where Sinclair has deployed ATSC 3.0.
Sinclair has announced a significant network distribution agreement with FOX Television Stations to expand TBD TV's reach. Starting January 15, 2025, TBD TV will be available on FOX affiliates in five major markets: New York, Los Angeles, Chicago, Atlanta, and Phoenix, adding 22 million TV households to its coverage.
TBD TV, known for comedy programming and being the second youngest multicast network, will feature daily broadcasts of 'Saturday Night Live' in NY, LA, and Chicago, where SNL traditionally performs above NBC's national average. The network has shown strong growth, achieving its highest ratings in November with a 114% year-over-year increase in Total Day ratings for P25-54.
NewsON, a leading local news streaming service, has launched an upgraded app on Roku featuring enhanced user interface and new features. The service provides ad-supported access to local news content from over 285 TV stations across 135+ markets, covering more than 90% of the U.S.
Key enhancements include: interactive weather features with radar maps and forecasts; a Trending Stations Map for breaking news navigation; 'What'sON' - a new original series with daily themed content; and mobile-specific features for iOS and Android including short-form content, polls, user commenting, and push alerts. The service remains free to download with no login required across multiple platforms including Roku, Amazon FireTV, Samsung, Android TV, VIZIO, Web, iOS and Android, with an LG app in development.
Airtasker (ASX: ART) has secured $12 million in media capital through partnerships with Sinclair Broadcast Group (NASDAQ:SBGI) and Mercurius Media Capital LP. This brings Airtasker USA's total media capital raised in 2024 to $21.75 million.
The partnerships include $6 million in advertising inventory from Sinclair, accessing 185 TV stations across 86 US markets, and $6 million in premium advertising inventory from Mercurius. These deals follow earlier $9.75 million partnerships with iHeartMedia and TelevisaUnivision.
Since September, Airtasker's Los Angeles market has shown significant growth with +172% in posted tasks, +223% in GMV, +98% in user sign-ups, and +66% in Tasker sign-ups. The company reports 3M Taskers across US, UK, and Australia, with US completed tasks up 306% YoY.
Sinclair has announced that 'The Triple Option' podcast will broadcast live from the Army-Navy Game Media Row presented by USAA on December 13, 2024, from 12-1:30pm ET. The special broadcast, hosted by Urban Meyer, Mark Ingram II, and Rob Stone, will take place at the Military Women's Memorial in Arlington National Cemetery. USAA CEO Wayne Peacock will be a featured guest on the show.
The live broadcast will be available on the podcast's YouTube, X, and Facebook platforms (@3xoptionshow), with an on-demand version available later. USAA will maintain a strong presence across Sinclair's owned/operated station websites throughout December, with the partnership developed in collaboration with Publicis Lion Company.
Sinclair CEO Chris Ripley has congratulated Commissioner Brendan Carr on his appointment as Chairman of the Federal Communications Commission (FCC). Ripley expressed the company's intention to collaborate with Carr to enhance local broadcasting by promoting fair competition and eliminating unnecessary regulatory barriers that impede investment and innovation.
Sinclair Inc (SBGI) and the Indian Institute of Technology Bombay have signed a Memorandum of Understanding to collaborate on wireless broadcast technology development, focusing on ATSC 3.0 standard enhancements for Broadcast-to-Everything (B2X) applications. The partnership aims to advance capabilities in traffic management, 5G network integration, spectrum utilization, and low-latency datacasting. With India's large mobile and TV market, B2X technology promises to address network congestion and improve service quality. The collaboration will contribute to emergency management, remote education, agricultural techniques, and AI-based broadcasting applications.
Sinclair (Nasdaq: SBGI) has declared a quarterly cash dividend of $0.25 per share on both Class A and Class B common stock. The dividend will be paid on December 16, 2024, to shareholders of record as of December 2, 2024. Sinclair operates 185 television stations across 86 markets, owns Tennis Channel, and several multicast networks including Comet, CHARGE!, TBD., and The Nest. The company delivers content through multiple platforms, including over-the-air, multi-channel video program distributors, and NewsON.
FAQ
What is the current stock price of Sinclair (SBGI)?
What is the market cap of Sinclair (SBGI)?
