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) reported a 7% decline in Q4 revenue year-over-year, totaling $1,512 million, despite a significant rise in political advertising due to the election cycle. Operating income rose to $641 million from $322 million, while net income surged to $467 million compared to $44 million previously. Adjusted EBITDA increased by 37% to $617 million. Looking ahead, Sinclair is optimistic about 2021 with new agreements in sports betting and content distribution, alongside a revamped streaming app for regional sports networks.
Sinclair Broadcast Group and Bally's Corporation announced the launch of the new Bally Sports logo, replacing the existing FOX Sports branding for Sinclair's regional sports networks (RSNs). The rebranding aims to create a cohesive partnership and enhance the viewer experience. The transition includes new geographic names for specific RSNs and the discontinuation of some part-time channels to streamline offerings. The partnership, announced in November 2020, plans to revolutionize U.S. sports betting and gamification content, integrating Bally's unique offerings with Sinclair's live coverage.
Sinclair Broadcast Group (NASDAQ: SBGI) announced the appointment of Jeffrey Lewis as Chief Compliance Officer, a new role aimed at strengthening corporate compliance functions. Lewis will oversee areas such as regulatory adherence, code of conduct, and privacy, reporting directly to President and CEO Chris Ripley. His extensive experience includes senior compliance roles at AT&T and legal expertise from the SEC. Lewis aims to enhance existing compliance practices amid increased regulatory scrutiny. Sinclair's diverse media operations include 188 television stations and multiple regional sports networks.
Sinclair Broadcast Group (Nasdaq: SBGI) will announce its fourth quarter 2020 earnings results on February 24, 2021, at 7:30 a.m. ET. A conference call to discuss these results will follow at 9:00 a.m. ET. Interested participants can access the call via webcast at www.sbgi.net or by dialing 877-407-8033. Media members may attend in a listen-only mode. A replay of the call will be available exclusively on the company's website after the event.
Sinclair Broadcast Group (NASDAQ: SBGI) is set to launch its original news program, The National Desk, on January 18, 2021. Airing weekday mornings, it will be available on 68 Sinclair stations, including MY and CW channels, as well as on STIRR and Sinclair's news websites. Hosted by Jan Jeffcoat, the program aims to provide commentary-free news coverage, focusing on local stories that resonate nationally. Sinclair's goal is to connect local narratives with broader national conversations, enhancing public access to timely and accurate news.
Sinclair-owned WXLV-TV, the ABC affiliate for Winston-Salem, Greensboro, and High Point, will launch local newscasts on January 18. The new programming aims to provide educational and timely news, airing weekdays at 6:00 p.m. and 11:00 p.m. in partnership with ABC News. News Director Jake Peterson emphasizes the need for informative content that engages the Triad community, while General Manager Allison Aldridge highlights their commitment to advocacy and audience interaction. Chief Meteorologist Jonathan Weant will lead the weather department, bringing local expertise to the forecasts.
Sinclair Broadcast Group (Nasdaq: SBGI) has appointed Billy Robbins as Vice President & General Manager of WBFF in Baltimore, Maryland. With 17 years of experience at Sinclair, Robbins aims to strengthen the station's leadership in local news and programming, including popular shows like Jeopardy! and Wheel of Fortune. His previous roles include General Sales Manager and Station Manager. Sinclair operates numerous television stations and regional sports networks, enhancing its position as a leading provider of local news and sports content.
COLUMBUS, Ohio, Jan. 7, 2021 /PRNewswire/ -- Four leading local TV stations in Columbus, WSYX, WCMH-TV, WWHO, and WTTE, launched NEXTGEN TV, an advanced digital broadcast technology. This upgrade facilitates features like 4K video, immersive audio, personalized tools, and advanced emergency alerts. Powered by ATSC 3.0, it aims to integrate with 5G and broadband services. The launch, coordinated by BitPath, ensures ongoing accessibility for all viewers. Rescan instructions for antenna users can be found at fcc.gov/rescan.
Sinclair Broadcast Group (Nasdaq: SBGI) announced several promotions within its leadership on December 29, 2020. Key promotions include Paul Nesterovsky to SVP of Tax and Ethan Haire to VP of Associate General Counsel, among others. This restructuring aims to enhance operational efficiency and leadership capability across various departments such as Corporate Development and Marketing. Sinclair remains a major player in local news and sports, operating numerous television stations and regional sports networks nationwide.
ONE Media 3.0, a subsidiary of Sinclair Broadcast Group (SBGI), has launched a revolutionary service in Seattle, combining television and radio through the NEXTGEN TV standard. This service will allow viewers to access both television and radio programming using NEXTGEN-enabled TVs connected to the Internet. Consumers can enjoy free radio channels like Stingray Hits List and Stingray Hot Country via the STIRR service, marking a significant upgrade in broadcast technology with mobile delivery and high-quality video capabilities.