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.
Sinclair Broadcast Group's multicast networks, including Comet, CHARGE!, and TBD, are seeing significant ratings growth in 2023. Averaging over 2.6 million viewers daily with just 7% audience duplication, the networks reported a 30% increase in prime time viewership year-over-year, while average cable networks declined by 23%. Notable increases include 54% for CHARGE!, 5% for Comet, and 50% for TBD. The launch of new series like Without a Trace and Stargate SG-1 contributed to these gains. Sinclair aims to expand its local broadcast affiliates and continues to thrive in the OTA sector.
Sinclair Broadcast Group (Nasdaq: SBGI) has declared a quarterly cash dividend of $0.25 per share for its Class A and Class B common stock. This dividend will be payable on March 17, 2023, to shareholders on record as of the close of business on March 3, 2023. Sinclair is a leading diversified media company, operating 185 television stations across 86 markets and owning multiple sports networks. The company's content is available through various platforms, including a significant streaming aggregator of local news, NewsON.
Sinclair Broadcast Group (Nasdaq: SBGI) reported financial results for Q4 and FY 2022, highlighting significant changes due to the deconsolidation of its local sports segment as of March 1, 2022. Q4 total revenues fell 35% to $960 million, while media revenues decreased 35% to $952 million. However, excluding the local sports segment, revenues increased 18% and media revenues rose 19% year-over-year. Significant achievements included record advertising revenue growth of 58% in Q4 and a net income of $55 million compared to a loss of $89 million a year ago. For FY 2023, Sinclair expects total revenues between $768 million and $787 million for Q1.
Sinclair Broadcast Group (NASDAQ: SBGI) recently appointed Susan Connor as VP/General Manager of KMPH (FOX) and KFRE (CW) in Fresno/Visalia, CA. Connor, previously VP/GM at KTVL (CBS) in Medford, OR, is recognized for her successful track record in growing media stations. Her leadership at KTVL since 2019 has been noted as particularly impactful. Rob Weisbord, COO and President of Broadcast, expressed enthusiasm for her transition to the new role, emphasizing Connor's skills and community engagement. Sinclair operates 185 TV stations across 86 markets, providing local news and sports.
Sinclair Broadcast Group continues to expand its multicast television networks, adding new broadcast affiliates that will increase nationwide coverage by 2.4 million TV households by Q2 2023. This brings the total new coverage since 2022 to nearly 17 million households. Key partnerships with Nexstar, Gray, and Entravision include major DMAs such as San Francisco, Phoenix, and San Diego. The networks COMET, CHARGE!, and TBD are gaining traction, capitalizing on the decreasing popularity of cable TV. With this growth, Sinclair aims to strengthen its position in the broadcast market.
Sinclair Broadcast Group (Nasdaq: SBGI) will release its fourth quarter 2022 earnings on February 22, 2023, at 7:30 a.m. ET. A conference call to discuss the results will follow at 9:00 a.m. ET. The call will be accessible via webcast at www.sbgi.net. Participants should dial in at least two minutes early, using entry code 793656. A replay of the call will also be available on the company's website. Members of the media can listen in but will have limited interaction with executives after the call.
Sinclair Broadcast Group (Nasdaq: SBGI) has welcomed award-winning journalist Angie Moreschi to its investigative team, Spotlight on America. Moreschi, previously from WPXI-TV in Pittsburgh, is recognized for her impactful reporting, including on the nursing home crisis during COVID, earning multiple awards such as the Edward R. Murrow award. Her reporting has led to significant legislative changes, including the E-ZPass Transparency Law in Pennsylvania. The Spotlight on America team delivers accountability reports nationwide across major networks and platforms, enhancing Sinclair's commitment to investigative journalism.
Sinclair Broadcast Group (NASDAQ: SBGI) appointed Todd Bernstein as VP/General Manager of WJLA-ABC7 and WJLA-24 in Washington, DC. Bernstein, who has nearly 20 years of experience at WJLA, previously served as Station Manager. Sinclair's COO, Rob Weisbord, expressed confidence in Bernstein's leadership to grow the station and its revenue. Bernstein holds a Juris Doctor and a Master's in Broadcast Journalism from Syracuse University. Sinclair operates 185 television stations across 86 markets and provides diverse media services, including local news and sports.
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