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 (SBGI) announced the return of "Full Measure with Sharyl Attkisson" for its eighth season starting on September 11. This investigative program, which airs weekly on Sinclair stations, has reached over 1.1 million viewers weekly, showing a nearly 10% year-to-year audience growth. The upcoming season will address current issues like rising food and energy prices and student loan forgiveness. Attkisson, a respected journalist, emphasized the program's commitment to accountability and challenging the status quo.
Diamond Sports Group, a Sinclair Broadcast Group subsidiary, will launch its streaming service, Bally Sports+, on September 26, covering all 19 Bally Sports regional sports networks. This initiative aims to enhance local sports viewership by offering subscribers live NBA and NHL broadcasts, regional programming, and more for $19.99 monthly or $189.99 annually, with a seven-day free trial available. The service will support various streaming devices, providing a crucial option for local fans to engage with their favorite teams.
Sinclair Broadcast Group (NASDAQ: SBGI) has partnered with Project RELO to honor military members lost in combat since 9/11 through the Task Force Tribute. Kicking off on
Sinclair Broadcast Group (NASDAQ: SBGI) announces WGME in Portland, ME, and KOMO in Seattle, WA, have won National Edward R. Murrow Awards from the RTDNA. WGME earned the award for Overall Excellence in Small Market Television, while KOMO's Eric’s Heroes series was recognized for Best Sports Reporting. Additionally, Sinclair's newsrooms collectively received 22 Regional Edward R. Murrow Awards this year, showcasing their commitment to exceptional local journalism.
Sinclair Broadcast Group, Inc. (SBGI) announced a conference call to discuss Diamond Sports Intermediate Holdings LLC's second quarter financial results on August 18, 2022, at 9:00 a.m. ET. Interested parties can access the call via the company's website, where Diamond's Consolidated Financial Statements and management's discussion will be posted. A replay of the call will also be available on the website. The call will accommodate media members in a listen-only mode. This announcement reflects Sinclair’s ongoing commitment to shareholder communication and transparency.
Sinclair Broadcast Group (Nasdaq: SBGI) announced the appointment of Richard Cooke as VP of Audio Programming and Lou Ferrara as VP of Consumer Data and Strategy. Cooke will enhance the company's audio content strategy, leveraging his experience from Cadence13 and FOX Sports. Ferrara will focus on consumer data platforms to improve personalized services. These roles aim to boost Sinclair's digital audience and revenue growth, with a commitment to expanding first-party data capabilities.
Sinclair Broadcast Group (SBGI) declared a $0.25 quarterly cash dividend on its Class A and Class B common stock. This dividend is payable on September 15, 2022, to shareholders on record as of September 1, 2022. Sinclair operates 185 television stations across 86 markets and owns networks like Tennis Channel and Stadium, making it a significant player in the media industry.
Sinclair Broadcast Group (Nasdaq: SBGI) reported its financials for Q2 and the first half of 2022, highlighting significant changes due to the deconsolidation of its local sports segment. For Q2, total revenues dropped 48% to $837 million, while advertising revenue decreased by 25% to $366 million. However, political advertising surged to a record $54 million. The net loss attributable to the Company was $11 million, a notable improvement from a $332 million loss in the previous year. The Company repurchased $118 million in notes and aims to further enhance digital revenue.
Sinclair Broadcast Group (SBGI) has announced agreements with Korean Broadcasting System (KBS) and Munhwa Broadcasting Corporation (MBC) to develop and implement NextGen Broadcast (ATSC 3.0) technologies in Korea and the U.S. This collaboration aims to create innovative business models, including Data Distribution as a Service (DDaaS). Recent demonstrations in Seoul showcased enhanced GPS capabilities using this new technology. Sinclair's executives emphasize the revenue potential from NextGen applications and the importance of cooperation with South Korean partners in this evolving broadcast landscape.
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