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. 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 Broadcast Group (NASDAQ: SBGI) and its subsidiary ONE Media 3.0 will showcase advancements in NextGen Broadcast (ATSC 3.0) at CES. These enhancements aim to deliver a mobile-first offering, improved picture quality, and efficient integration of broadcast and broadband services. Highlights include Sinclair's Broadcast App, which merges content delivery methods for users and a mobile audio infotainment service in Baltimore. Additionally, Sinclair partners with USSI Global for EV charging datacasting, anticipating scalability as the U.S. aims for 500,000 EV charging stations by 2030.
Sinclair Broadcast Group (NASDAQ: SBGI) has announced several key promotions within its management team, effective immediately. Harvey Arnold is now SVP of Engineering, Jamie Dembeck SVP of Human Resources, and Jim Joly SVP of Digital Sales, among others. The company emphasizes the importance of recognizing employees' contributions as a means to evolve and transform. Sinclair operates 185 television stations across 86 markets and is known for its local news and sports programming, as well as its ownership of national networks like Tennis Channel.
Sinclair Broadcast Group (SBGI) completed a live demonstration of NextGen Broadcast (ATSC 3.0) automotive services in Arlington, VA, on December 22. The event showcased in-vehicle video entertainment and geo-targeting capabilities in collaboration with Hyundai Mobis and CAST.ERA. This initiative aims to enhance mobile services in both Korea and the U.S. The integration of ATSC 3.0 with 5G technology allows for targeted ad insertions and improved mobile data delivery. The demonstration marks a significant step in Sinclair's commitment to revolutionizing automotive broadcasting.
Sinclair Broadcast Group (Nasdaq: SBGI) showcased its new live infotainment services for connected vehicles at CES 2023 in Las Vegas. This service, powered by NextGen Broadcast (ATSC 3.0), enhances existing infotainment systems by enabling features like access to over 100 live local radio channels, AM rebroadcasting, and seamless audio/video playback on in-car displays. Consumer trials are set in Baltimore, MD. Mark Aitken emphasized seeking automotive community feedback for future enhancements, indicating potential applications for live emergency information and improved navigation services.
FuboTV Inc. (NYSE: FUBO) has expanded its streaming offerings through a new carriage agreement with Sinclair Broadcast Group, Inc. (NASDAQ-NMS: SBGI). This agreement will add 19 Bally Sports regional sports networks (RSNs) to FuboTV's platform, enhancing its local sports coverage. The deal builds on an existing partnership that includes Sinclair’s local broadcast stations. FuboTV now offers over 35 networks and boasts access to 50,000 live sports events annually, streaming in 4K and featuring popular entertainment options.
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) appointed Scott Shapiro as Executive Vice President of Corporate Development and Strategy. Shapiro, previously serving as Senior Vice President and Chief Development Officer, will manage strategic investments and acquisitions. President & CEO Chris Ripley emphasized Shapiro's critical role in Sinclair's transformation into a diversified media company, highlighting successful acquisitions like Bally Sports. Shapiro has been with Sinclair since 2011 and has significantly contributed to launching various networks and channels.
WICS, WICD, WCIA, WRSP-TV, WCCU, WAND, WBUI, and WCIX have launched NextGen TV broadcasting technology in the Champaign & Springfield-Decatur market. This cutting-edge digital broadcast system enhances viewer experience with superior video and audio quality, including brighter colors and clearer dialogue. Powered by ATSC 3.0, it allows broadcasters to deliver advanced features and emergency alerts. The transition follows a decade of development and aims to elevate local broadcasting across the region, benefiting viewers with innovative content delivery.
WABM, WDBB, WIAT, WBRC, WVTM-TV, WTTO, and WSES have launched NextGen TV broadcasting in Birmingham, Alabama, marking a significant upgrade in digital technology. This new system enhances viewer experience with advanced emergency alerts, improved audio, and stunning visuals. Utilizing ATSC 3.0, it offers features such as Voice+ dialogue enhancement and internet integration for live events. The rollout follows extensive planning and is part of a nationwide expansion already present in over 50 cities. Viewers are encouraged to rescan their TVs to access this upgraded service.
Diamond Sports Group has appointed David Preschlack as its new Chief Executive Officer. With over 25 years in sports marketing, his experience includes roles at NBC, Disney, and ESPN. Preschlack aims to leverage his industry knowledge to enhance relationships with sports leagues and tackle the company’s financial challenges. Notably, Diamond is focused on creating a unique regional sports offering while improving its balance sheet for sustainable long-term value. This shift follows a significant transition from Disney and Fox and aims to reinforce Diamond's independence under Preschlack's leadership.
Sinclair Broadcast Group (SBGI) will host a conference call on November 28, 2022, at 9:00 a.m. ET to discuss third-quarter financial results of its subsidiary Diamond Sports Intermediate Holdings LLC. Participants can access the live webcast via the Company’s website.
Financial statements and management discussions will be available prior to the call. The call is expected to provide key insights into Diamond's performance.