Sinclair Stock Price, News & Analysis

Sinclair Broadcast Group (NASDAQ: SBGI) has launched the Sinclair Green initiative, partnering with Batteries Plus to promote free battery recycling for residential consumers throughout April, coinciding with Earth Month. This campaign encourages recycling at various locations, addressing the environmental impact of over 3 billion batteries discarded annually in the U.S. The initiative aims to reduce battery waste both at Sinclair and in the community, promoting sustainability and eco-friendly practices.

Sinclair Broadcast Group (NASDAQ: SBGI) has announced the promotion of Keith Pelletier to President of its Dielectric subsidiary. Pelletier has over 25 years of experience with Dielectric and previously served as Vice-President and General Manager. He played a crucial role in developing innovative solutions during the US Spectrum Repack, helping Dielectric achieve over 85% market share in TV antennas for this program. Pelletier aims to lead Dielectric in embracing technological advancements to meet broadcasters' future RF needs.

Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced plans to redeem its $347.5 million 5.875% Senior Notes due 2026 on April 21, 2022. The redemption is contingent upon Sinclair Television Group, Inc. securing new term loan financing generating at least $750 million. The redemption price will be 101.958% of the principal plus accrued interest. Funding will come from financing proceeds and cash on hand. This announcement does not serve as a redemption notice and is not an offer for securities.

Sinclair Broadcast Group, Inc. (SBGI) announced that its subsidiary, Sinclair Television Group, Inc., plans to amend its credit agreement. This amendment includes new term loans to refinance an existing loan maturing on January 3, 2024, extending the loan's maturity to seven years post-amendment. It also intends to redeem 5.875% senior notes due in 2026 and extend its revolving credit facility's maturity by five years. The amendment is subject to customary market conditions.

Sinclair Broadcast Group (NASDAQ: SBGI) has appointed Hilary Walker as Vice President/General Manager of WTGS (FOX) in Savannah, GA, overseeing services for WGFL (CBS) and WNBW (NBC) in Gainesville, FL. Walker, who previously served as Local Sales Manager at WGFL and WNBW, expressed her excitement to lead the teams and build on their successes. This appointment reflects Sinclair's strategy to strengthen local management and enhance viewer experiences in key markets.

Sinclair Broadcast Group (NASDAQ: SBGI) announced the appointment of Cory Culleton as Vice President/General Manager of WEAR and WFGX in Pensacola, FL. Culleton brings over 20 years of experience in television and digital strategies, previously serving as VP and General Manager in Gainesville, FL. Sinclair's COO, Rob Weisbord, expressed enthusiasm for Culleton's leadership capabilities. Culleton holds a Bachelor of Science in Communications from Liberty University and is focused on enhancing local community relationships.

Sinclair Broadcast Group has successfully raised over $215,000 through its fundraising initiative Sinclair Cares: Ukraine Relief. This effort, in partnership with the Global Red Cross, aims to support humanitarian relief in Ukraine and neighboring countries. Individual donations exceeded $165,000, coupled with a $50,000 match from SBGI. The funds will provide essential aid, including food, fuel, and medical supplies, at a critical time for those in need.

Sinclair Broadcast Group (SBGI) has launched a new business unit named Free State Strategic Services aimed at providing digital marketing and advertising solutions to federal, state, and local government agencies. The initiative involves targeted communication strategies to enhance public engagement.

Led by Brandon Nickerson, the new unit will focus on sectors including defense, healthcare, and education. Corporate VP, Antonia DeFeo, indicated this move aims to expand Sinclair's footprint in the digital marketing space at governmental levels.