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Sinclair Inc - SBGI STOCK NEWS

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

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 appoints Shuneca Harrington as VP/GM of WRLH/FOX in Richmond, VA, bringing her back to the company from WRAL/NBC and WRAZ/FOX in Raleigh, NC. Harrington's expertise in revenue driving and performance management is expected to boost Sinclair's market presence in Richmond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.64%
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none
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Rhea-AI Summary
Sinclair, Inc. elevates David Gibber to Executive Vice President and Chief Legal Officer. Gibber, with a decade of experience at Sinclair, will oversee legal, regulatory, distribution, and network affiliate functions. His promotion highlights internal talent and strategic importance in driving organizational success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.6%
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none
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Rhea-AI Summary
WBFF FOX 45, a Sinclair Broadcast Group station, and Investigative Reporter Chris Papst will be honored by the Randallstown, MD NAACP for their work in education coverage. The Excellence in Advocacy Award recognizes their contributions to benefit minority students in Baltimore.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
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none
Rhea-AI Summary
Sinclair Broadcast Group, , a subsidiary of Sinclair, Inc. (NASDAQ: SBGI), announces the launch of Tennis Channel's T2 as a free, streaming virtual channel in all markets with NextGen Broadcast standard. T2 offers professional tennis matches, original series, and documentaries, enhanced with Advanced HDR technology. Sinclair aims to provide a more immersive viewing experience through NextGen Broadcasting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.39%
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none
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Rhea-AI Summary
Sinclair Broadcast Group partners with America’s Public Television Stations to offer free carriage of virtual channels on NEXTGEN Broadcasting Service, enhancing video quality for viewers with HDR technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.91%
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none
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Rhea-AI Summary
Sinclair Inc. partners with Reading Is Fundamental to promote children's literacy in the U.S. through a virtual book drive supported by a $25,000 donation. The campaign aims to raise awareness about literacy challenges and provide books to children in need. Sinclair will air special content on children's literacy and conduct public service campaigns across its television stations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.23%
Tags
none
Rhea-AI Summary
Sinclair, Inc. (SBGI) declares a quarterly cash dividend of $0.25 per share on its Class A and Class B common stock, payable on March 25, 2024. The company operates 185 television stations in 86 markets and owns Tennis Channel, Comet, CHARGE!, TBD., and The Nest, along with 21 regional sports network brands.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
dividends
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Rhea-AI Summary
Sinclair, Inc. (SBGI) reported financial results for Q4 and FY 2023, meeting guidance on key metrics. Tennis Channel exceeded expectations and acquired WTA rights in India and Spain. The company repurchased $27 million of debt in 2024. The CEO highlighted progress in deleveraging, a settlement with Diamond Sports Group, and the rollout of NextGen Broadcast technology. Financially, total revenues decreased 14% in Q4 and 20% in FY 2023, with an operating loss of $386 million in Q4 and $331 million in FY 2023. Adjusted EBITDA decreased by 41% in Q4 and 42% in FY 2023, primarily due to lower political advertising revenues.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
-
Rhea-AI Summary
Sinclair appoints Jim Doty as VP/GM of WCYB and WEMT in Tri-Cities; Doty brings extensive experience in station management and sales, aims to enhance leadership teams and market presence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.71%
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none
Rhea-AI Summary
Sinclair Broadcast Group expands The Nest network's reach to 79% of US households through a new distribution agreement with TEGNA, adding 35 additional channels in major markets. The agreement also includes a station upgrade for Comet network. The Nest offers 'comfort food' programming and shows significant growth in 2023, with plans for further expansion in 2024 and beyond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
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none
Sinclair Inc

Nasdaq:SBGI

SBGI Rankings

SBGI Stock Data

757.50M
33.27M
11.36%
69.39%
5.32%
Entertainment
Communication Services
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United States
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