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's national news program, The National Desk, has launched TheNationalDesk.com, offering 24/7 breaking news coverage. Viewers can access live broadcasts, on-demand episodes, and exclusive content for free, without needing subscriptions. Anchored by award-winning journalists, TND aims to deliver impactful news from a local perspective across Sinclair's extensive network of 64 stations in 60 markets. The platform will enhance Sinclair’s existing offerings via digital and streaming services like STIRR.
Sinclair Broadcast Group (NASDAQ: SBGI) has renewed a multi-year agreement with the National Hockey League (NHL) through its subsidiary, Diamond Sports Group. The deal enhances digital and outer market distribution rights, enabling Bally Sports Regional Networks to stream live NHL games directly to consumers in the local territories of 12 NHL teams. Additional rights include post-game highlights and the use of NHL tracking data, maximizing viewer engagement and flexibility.
DISH Network Corporation and Sinclair Broadcast Group announced a multi-year carriage agreement, ensuring Sinclair's 144 local stations across 86 markets will remain available on DISH TV. The Tennis Channel will also continue to be accessible on both DISH TV and SLING TV. Brian Neylon of DISH emphasized the importance of customer focus during negotiations, while Sinclair's William Bell noted the value broadcasters place on local content delivery. This agreement aims to enhance viewing experiences for DISH subscribers.
Sinclair Broadcast Group announced a partnership with Oracle Moat to enhance media performance measurement across its 300+ digital properties. This collaboration aims to provide advertisers with improved transparency and validation of advertising campaigns. Sinclair will deploy Oracle Moat Analytics for metrics related to invalid traffic, viewability, diagnostics, and brand safety. This initiative is expected to optimize advertising performance across Sinclair's diverse digital inventory, which includes news, sports, and connected TV platforms.
Sinclair Broadcast Group (NASDAQ: SBGI) has acquired rights under its accounts receivable securitization facility for approximately $184.4 million, reflecting 101% of the loans' outstanding principal. This acquisition provides greater flexibility for Diamond Sports Group (DSG), raising the facility limit from $250 million to $400 million, eliminating certain amortization events, and extending the maturity date to September 23, 2024. CEO Chris Ripley emphasized this move as a strategic long-term investment.
Sinclair Broadcast Group has declared a quarterly cash dividend of $0.20 per share on its Class A and Class B common stock. This dividend will be payable on December 15, 2021, to shareholders on record as of December 1, 2021. As a diversified media company, Sinclair operates numerous television stations and regional sports networks and is a significant provider of local news. This announcement reflects the company's commitment to returning value to its shareholders.
Sinclair Broadcast Group (Nasdaq: SBGI) reported its Q3 2021 financial results, revealing consolidated revenue of $1,535 million, flat compared to the previous year. The operating income stood at $73 million, recovering from a loss of $4,216 million in Q3 2020, while net income reached $19 million compared to a net loss of $3,256 million last year. Adjusted EBITDA decreased 39% to $451 million. The company faced challenges from auto advertising revenue declines, but core advertising excluding autos grew 11% compared to 2020. Projections for 2022 anticipate further recovery, aided by upcoming political advertising.
Sinclair Broadcast Group has partnered with DAV to celebrate 100 years of advocacy for disabled veterans through a new documentary titled “The Battle Never Ends.” Set to air nationwide starting October 18, the hour-long film chronicles DAV’s contributions to veterans from World War I to today. Narrated by veteran Dale Dye, the documentary aims to raise awareness and support for veterans, aligning with Sinclair's “Sinclair Cares” campaign, running until November 12. The initiative encourages donations to DAV, which serves over a million veterans annually.
Sinclair Broadcast Group (NASDAQ: SBGI) has appointed Sharon Merrell as VP/GM for its TV stations KBOI (CBS) and KYUU (CW) in Boise, Idaho. Merrell brings experience from her previous roles at WCIA (CBS) and KHQA (CBS), where she led KHQA to win an Edward R. Murrow award for excellence. Sinclair's President, Rob Weisbord, expressed confidence in her ability to contribute to local communities. Merrell, who has a military background and community involvement, stated her commitment to serving viewers and local businesses in Treasure Valley.
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.