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) has appointed Greg Conner, a veteran with over 20 years at the company, as the General Manager of WGXA in Macon, GA. Conner, who previously managed stations in Columbia, SC, and Albany, GA, will oversee WGXA in addition to his current roles. Rob Weisbord, COO of Sinclair, praised Conner's leadership skills and community relations. Conner expressed excitement about expanding his responsibilities and contributing to WGXA's success.
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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 location value="LC/ua"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.
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