Sinclair Stock Price, News & Analysis

Sinclair Broadcast Group (Nasdaq: SBGI) proudly announces that Cathy Jamison has been named a top marketing executive by Cynopsis in the 2021 Top Women in Media awards. Recognized in the Marketing Trailblazer category, Jamison has been pivotal since joining in 2019, launching initiatives like the Corporate Sales Marketing team and the House of Brands sports portfolio. Her innovative marketing campaigns across Bally Sports, Tennis Channel, and Stadium have generated significant results, showcasing Sinclair's commitment to excellence in marketing.

Bally Sports, a division of Sinclair Broadcast Group (NASDAQ: SBGI), has promoted Kendall Burgess to Vice President of Technical Operations. In this role, she will oversee technical operations for live events and original programming across 19 regional sports networks (RSNs). Burgess brings over 22 years of experience in the RSN industry and has a history of enhancing production quality. Her promotion aims to bolster Bally Sports' commitment to delivering exceptional sports programming.

Sinclair Broadcast Group (SBGI) and Disabled American Veterans (DAV) have launched the "Sinclair Cares: Supporting All Veterans" initiative to enhance support for veterans. Running through November 12, 2023, the campaign encourages community volunteering and donations to DAV. Sinclair will utilize its platforms, including 185 TV stations and various sports networks, to promote this initiative. Content will highlight veterans' stories and the importance of supporting them. DAV provides essential services to veterans, facilitating access to benefits and healthcare.

On October 16, 2021, Sinclair Broadcast Group (SBGI) identified a cybersecurity incident involving ransomware impacting certain servers and workstations. By October 17, 2021, the company acknowledged operational disruptions and potential data theft. Sinclair has engaged legal counsel and cybersecurity experts while cooperating with law enforcement. The company is assessing the incident's impact on business and aims to restore operations efficiently. However, the extent of the incident's material effect on financial results remains undetermined as investigations continue.

Sinclair Broadcast Group's station WLOS partnered with United Way of Haywood County following devastating flooding in Haywood County, NC, caused by Tropical Storm Fred. The initiative, Hope for Haywood, has raised over $1,100,000 for affected residents in just five weeks. Contributions will directly aid flood victims with supplies and financial assistance. Community support, including local businesses and organizations, has been pivotal in this fundraising effort, demonstrating solidarity under the hashtag #TogetherWNC.

Sinclair Broadcast Group (SBGI) will announce its third quarter 2021 earnings on November 3, 2021, at 7:30 a.m. ET. A conference call to discuss the results follows at 9:00 a.m. ET. Interested parties can access the live webcast on Sinclair's website at www.sbgi.net. The dial-in number for the call is 888-506-0062, with entry code 714886. A replay will be available afterward on the company’s site, along with the press release and non-GAAP reconciliations.

Sinclair Broadcast Group (NASDAQ: SBGI) announced its television stations raised nearly $700,000 for local charities through back-to-school drives. Over 30 stations participated, with initiatives including fundraising and supply donation drives, benefiting organizations like Crayons to Classrooms and the Salvation Army. Additionally, Sinclair contributed over $600,000 in promotional airtime to support these efforts. Bally Sports North equipped 500 backpacks with essential supplies for students in the Twin Cities, showcasing the company's community commitment as stated by President Rob Weisbord.

Cincinnati's leading television stations, namely WCPO-TV, WKRC-TV, WLWT, WXIX-TV, and WSTR-TV, have launched NEXTGEN TV, an innovative broadcasting technology. This system enhances viewer experience through superior video quality and features like advanced emergency alerts and Voice+ dialogue enhancement. The upgrade follows a decade of development and enables seamless integration with internet content for real-time viewing. WSTR-TV will handle both its own programming and that of other stations in the NEXTGEN format while maintaining existing DTV broadcasts.