Sinclair (SBGI) Stock News

Sinclair (NASDAQ: SBGI) held its Annual Stockholders' Meeting where shareholders elected nine Directors to the company's board, including Executive Chairman David D. Smith and other key members. The stockholders also approved several important proposals including the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2025, a non-binding advisory vote on executive compensation, and an amendment to expand the definition of "Permitted Transferees" of Class B Common Stock. Sinclair operates as a diversified media company with 185 television stations across 85 markets, owns Tennis Channel, and manages multiple multicast networks including CHARGE, Comet, ROAR, and The Nest.

Sinclair and ONE Media Technologies are hosting a major NextGen TV interoperability event from June 3-6, 2025, at their Hunt Valley, Maryland headquarters. The event brings together over 30 manufacturers and vendors across the broadcast industry to test compatibility and resolve interoperability issues for ATSC 3.0 technology. This collaborative effort aims to ensure a smooth transition to NextGen TV, with deadlines set for February 2028 in top-55 markets and February 2030 in remaining markets. The testing event includes participants from various segments of the broadcast chain, including encoder, transmitter, and receiver manufacturers, focusing on resolving potential issues before consumer deployment.

Sinclair has appointed Daniel Maas as Vice President of Business Development for AMP Media, the company's original content brand. Maas, a seasoned media executive with over 15 years of experience, will spearhead strategic growth initiatives across AMP Media's portfolio, including podcasts, social-first video series, and digital franchises. Previously, he served as Head of Media at Betr and Executive VP at Wave Sports + Entertainment, where he developed successful programming with athletes and celebrities. His career includes senior roles at DAZN, NBA, and CBS Interactive. Maas holds an MBA from NYU Stern and graduated magna cum laude from UPenn.

Sinclair (SBGI) has been awarded 25 RTDNA Regional Edward R. Murrow Awards for Outstanding Journalism, with 17 of its content centers receiving recognition. The awards span multiple categories including Breaking News, Hard News, Continuing Coverage, Investigative Reporting, Sports Reporting, Innovation, Digital, and Podcast. Notable achievements include Overall Excellence awards for WJLA/Washington DC, CNY/Syracuse, and WJAR/Providence, while WPEC/West Palm Beach and CNY/Syracuse were honored for Best Newscasts. The awards, sponsored by the Radio Television Digital News Association, highlight Sinclair's commitment to delivering high-quality, impactful news coverage across its network of stations. Coverage topics ranged from investigative pieces on migrant rescues and traffic stops to sports features and innovative news programming.

Sinclair's (SBGI) investigative news program Full Measure with Sharyl Attkisson has been awarded 10 Telly Awards in 2025, marking a significant achievement in its tenth season. The program received one Gold award for "Why America is Sick," five Silver awards for various news segments including coverage of the Panama Canal and border issues, and four Bronze awards for reporting on topics like global immigration and nuclear concerns.

Full Measure, which airs weekly on Sinclair's television stations and online platforms, focuses on investigative and accountability reporting, covering topics from immigration to government waste and national security. The show is part of Sinclair's network of 185 television stations across 86 markets.

Sinclair (NASDAQ: SBGI) has announced CHARGECON '25, a two-day television event celebrating the iconic police procedurals CSI: NY and CSI: Miami. The event, scheduled for May 16-17, 2025, will feature exclusive interviews with CSI franchise creator Anthony E. Zuiker. The programming will showcase Zuiker's personally selected top 10 episodes from each series, airing on the CHARGE multicast broadcast TV network from 12p-10p ET each day.

The event will provide viewers with exclusive interview segments featuring Zuiker's insights into the creative decisions, standout moments, and legacy of the CSI franchise. The celebration will air exclusively on CHARGE, Sinclair's destination network for action-packed crime procedurals.

Sinclair (SBGI) has appointed John M. Hannon as Vice President and General Manager of four Nebraska television stations: KPTM and KXVO in Omaha, and KHGI and KFXL in Lincoln-Hastings-Kearney. Hannon brings over 30 years of media experience, most recently serving as Senior Vice President of Local Media Sales at TelevisaUnivision, where he oversaw revenue strategy for 59 television and 57 radio stations. His extensive background includes executive roles at ACME Communications, various TV stations, and a successful career in radio. Hannon holds advanced degrees from Marshall University and Ohio University, is a 12-year military veteran, and has served on multiple industry boards.

Sinclair (NASDAQ: SBGI) has announced a quarterly cash dividend of $0.25 per share on both its Class A and Class B common stock. The dividend will be paid on June 13, 2025, to shareholders of record as of May 30, 2025.

Sinclair is a diversified media company operating 185 television stations across 86 markets. The company owns Tennis Channel and several multicast networks including Comet, CHARGE!, TBD/ROAR, and The Nest. Their content is distributed through multiple platforms, including over-the-air broadcast, multi-channel video program distributors, and NewsON, the largest streaming aggregator of local news content.

Sinclair (NASDAQ: SBGI) reported Q1 2025 financial results with total revenues decreasing 3% to $776 million. Key highlights include Adjusted EBITDA of $112 million, exceeding guidance despite a 19% YoY decline, and the repurchase of $66 million in notes for $62 million cash. Core advertising revenue declined 2% to $292 million, while distribution revenue increased to $451 million. The company reported a net loss of $156 million ($2.30 per share) compared to net income of $23 million in Q1 2024. Notably, Sinclair completed a comprehensive refinancing, extending its nearest maturity to December 2029. The company expanded its distribution through YouTube TV, adding new channels like The Nest and PickleBall TV. Sinclair also became the first broadcast company authorized by the FAA for drone operations over people without waivers.