Sinclair, Inc. reports news across its diversified media business, including local television stations affiliated with major broadcast networks, Tennis Channel, multicast networks CHARGE, Comet, ROAR and The Nest, and AMP Media digital content and podcasts. Company updates commonly address advertising revenue, distribution revenue, political advertising cycles, live sports programming, station operations and portfolio actions involving media or broadcast-technology assets.
Recurring Sinclair announcements also include quarterly financial results, cash dividends on its Class A and Class B common stock, debt and liquidity actions, investor conference participation, and community initiatives under the Sinclair Cares brand.
Sinclair (Nasdaq: SBGI) will release its second quarter 2024 earnings results on August 7, 2024, at 4:00 p.m. ET. This will be followed by a conference call at 4:30 p.m. ET, which will be webcast live on their website under 'Investor Relations/Events and Presentations'.
Investors can join the call by dialing 888-506-0062 and using entry code 355312. A replay of the call will be available on Sinclair's website, which also hosts the press release and non-GAAP reconciliations.
News media members can join the call in a listen-only mode, with key executives available for questions if time allows.
Sinclair has announced that its broadcasting subsidiaries, WBFF in Baltimore and WJLA in Washington DC, have been honored with 29 Capital Emmy awards by The National Capital Chesapeake Bay Chapter of The National Academy of Television Arts & Sciences. WBFF secured 17 awards, including Best Evening Newscast, while WJLA won 12 awards, with highlights such as Best Investigative News. The awards recognize exceptional journalism in Maryland, Virginia, and Washington, DC. The achievements underline the dedication of Sinclair's journalists to impactful investigative and accountability reporting.
Jerald “Jerry” Fritz, Executive Vice President for Strategic and Legal Affairs at ONE Media Technologies, a subsidiary of Sinclair, announced his retirement effective July 1. Fritz has had a prolific 55-year career in the broadcast and communications industries. Over the past decade, he contributed significantly to ONE Media's strategic planning and the adoption of the ATSC 3.0 digital broadcast standard. Fritz's achievements were recently recognized by the North American Broadcasters Association with the International Achievement Award. Previously, Fritz held key roles at Allbritton Communications, POLITICO, and served as Chief of Staff to FCC Chairman Mark Fowler, where he played a important part in deregulating the broadcasting and telecommunications sectors. His contributions have left a lasting impact on the industry.
Major broadcasters in the Myrtle Beach-Florence market, including WPDE-TV, WBTW, WHMC, and WWMB, launched NextGen TV, a new digital broadcast technology powered by ATSC 3.0. This upgrade delivers improved video quality, enhanced sound, and advanced emergency alerts. The launch follows a decade of research and significant planning, with BitPath coordinating efforts across the stations. Viewers can access the new service by rescanning their TV sets, while cable and satellite subscribers require no adjustments. NextGen TV is already available in over 70 cities nationwide, covering 75% of viewers.
Sinclair (Nasdaq: SBGI) announced the election of nine Directors at its Annual Stockholders' Meeting, including David D. Smith as Executive Chairman. Stockholders ratified PricewaterhouseCoopers LLP as the independent auditor for the 2024 fiscal year and approved an advisory vote on executive compensation. Sinclair, a diversified media company, operates 185 television stations in 86 markets and owns the Tennis Channel and several multicast networks. The vote results will be reported on Form 8-K filed with the SEC.
Chatham Asset Management, a significant creditor of Sinclair (NASDAQ: SBGI), addressed a letter to Sinclair's CEO, Christopher Ripley, and the Board of Directors concerning the company's debt maturities. Chatham, holding over $500 million in Sinclair’s debt, supports a traditional refinancing approach, such as a public or private exchange of existing debt into new junior lien bonds, instead of complex methods that could divide the company's collateral. Chatham believes this approach would lower leverage and preserve collateral, benefiting stakeholders and bolstering market confidence. They caution that complex refinancing could stress the company’s debt and equity further. Chatham remains committed to aiding Sinclair in managing its upcoming debt maturities efficiently.
Sinclair has been awarded 22 Regional Edward R. Murrow Awards for Outstanding Journalism, recognizing 15 of its content centers. These awards, given by the Radio Television Digital News Association (RTDNA), honor excellence in categories such as Overall Excellence, Best Newscast, Breaking News, Hard News, News Series, News Documentary, Investigative Reporting, Feature Reporting, and Podcast. Scott Livingston, Sinclair's Senior Vice President of News, expressed pride in the achievements and the dedication of their staff. The awards highlight Sinclair's commitment to delivering high-quality, impactful local journalism.
Sinclair has proudly announced that it has been awarded 16 Telly Awards, which honor excellence in video and television content globally. Sinclair's COO and President of Local Media, Rob Weisbord, emphasized the company's dedication to producing impactful and innovative content. The awards include multiple categories, with some notable winners being WKEF for media promotion, KFOX for low-budget and sports content, and Full Measure with Sharyl Attkisson for various news and feature stories. The accolades highlight Sinclair's diverse achievements in media and video journalism.
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.
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.