Sinclair Stock Price, News & Analysis

Sinclair Broadcast Group and Nebraska Public Media have launched the first free Broadcast-Enabled Streaming TV (BEST) Channel in Omaha, Nebraska. This innovative service allows Nebraska Public Media's PBS and local programming to be hosted on Sinclair's KPTM FOX 42 station as a free, virtual channel using NEXTGEN broadcast technology (ATSC 3.0).

BEST channels transmit programming directly over-the-air to smart TVs using the host broadcaster's NEXTGEN broadcast data channel capacity. Viewers with NEXTGEN TVs can easily access these channels through their programming guide. This launch is part of a broader agreement between Sinclair and America's Public Television Stations (APTS) to provide free carriage of APTS member stations in markets where Sinclair has deployed ATSC 3.0 and a public television station has not.

Sinclair, Inc. (Nasdaq: SBGI) has announced it will report its third quarter 2024 earnings results on Wednesday, November 6, 2024, at 4:00 p.m. ET. This will be followed by a conference call at 4:30 p.m. ET to discuss the results. The call will be webcast live and can be accessed at www.sbgi.net under 'Investor Relations/Events and Presentations'. For those participating via phone, the dial-in number is 888-506-0062 with entry code 791357.

A replay of the call will be available on Sinclair's website, which will be the only venue for replay access. The company's press release and any non-GAAP reconciliations will also be available on the website. News media are welcome to join the call in listen-only mode, with key executives available for questions afterwards, time permitting.

Sinclair has announced the return of its News Academy, offering free virtual workshops for college students interested in journalism careers. The 90-minute sessions will cover reporting, producing, and weather and will run from November 19-21, 2023. The Reporter Academy, now in its fourth year, will focus on reporting basics and investigative storytelling across multiple platforms. The Producer Academy, in its seventh year, caters to students interested in digital or broadcast news producing. The Weather Academy, introduced last year, returns for its second annual session.

These interactive workshops provide students with insights into Sinclair's modern content centers and the opportunity to engage with industry-leading teams. Sessions will cover topics such as what to expect in the first year of work, how to excel in various roles, and how to prepare resumes and reels. The academies are open to both undergraduate and graduate students, who must register by November 18 using a .edu email address.

Sinclair has launched Sinclair Cares: Hurricane Helene Relief, a fundraising partnership with the Salvation Army to assist with humanitarian relief efforts in Western North Carolina, South Carolina, Georgia, Florida, Virginia and Tennessee. The initiative aims to provide emergency aid, including food, water, shelter, and cleanup kits to those affected by Hurricane Helene.

Fundraising begins immediately through www.SinclairCares.com, with a concentrated effort on Friday, October 4. Sinclair has pledged to match donations up to $50,000 for the first $50,000 raised through the website. Rob Weisbord, Chief Operating Officer and President of Local Media, expressed Sinclair's commitment to supporting recovery efforts and standing together during times of crisis.

Chris Ripley, Sinclair's President and CEO, has been named one of Maryland's 2024 Most Admired CEOs by The Daily Record. This prestigious recognition honors talented business leaders across Maryland whose leadership and vision are admired by their peers. Ripley, who has led Sinclair since 2017, will be honored in the category of 'public company with more than $500 million in annual revenue' at a ceremony on November 7.

Additionally, Ripley will be inducted into the Circle of Leadership, an honor reserved for three-time winners who have demonstrated sustained achievement over at least six years. The Daily Record's managing director, Suzanne Fischer-Huettner, praised the honorees as trendsetters who positively impact their companies and communities. Winners will be profiled in a special magazine insert in the November 8 issue of The Daily Record and available online.

Sinclair's NewsON and Mindgrub have collaborated to launch an Apple Vision Pro app for local news, marking Sinclair's first venture into spatial computing for news delivery. The app features a unique 'Newsroom immersion' experience, utilizing Vision Pro's spatial aspects to display interactive news maps and create an immersive environment. NewsON's app provides access to content from over 280 local TV stations, covering more than 90% of U.S. households.

Powered by RealityKit and SwiftUI, the app offers photorealistic 3D renderings and intuitive user experiences. The collaboration aims to transform how audiences interact with local news, leveraging cutting-edge technology to blend digital content with physical surroundings. This innovative approach sets a new standard for immersive and engaging news consumption in the era of spatial computing.

WBFF's Project Baltimore has won a National News Emmy® Award for their investigative series 'Disabled & Denied'. The series exposed how Baltimore City Schools violated federal education rights by denying proper education to students with disabilities. This led to multiple state-level investigations and mandated improvements in the district's special education programs.

The award, presented by The National Academy of Television Arts & Sciences (NATAS), recognizes outstanding regional investigative reporting. The winning team includes Carolyn Peirce, Chris Papst, Ray Rogowski, Jed Gamber, and Anthony Durso.

Since its inception in 2017, Project Baltimore has received numerous accolades, including 4 National Investigative Reporters and Editors awards, 41 regional Emmy Awards, and 9 Edward R. Murrow Awards. This latest recognition underscores the team's commitment to impactful journalism and exposing issues in the education system.

Sinclair has rebranded its daily syndicated news program as The National News Desk. Launched in January 2021, the program provides national, regional, and local news coverage across more than 80 stations nationwide. The National News Desk offers morning, evening, late-evening, and weekend newscasts, aiming to deliver a comprehensive, unbiased look at significant news stories.

The program is available on Sinclair news websites, TheNationalDesk.com, and YouTube, all free of charge without subscription requirements. It's complemented by The National Weather Desk, launched in 2022, which focuses on weather-related news and forecasts. Scott Livingston, SVP of News, reported a continuing upward trend in viewership, with over 3.5 million weekly viewers across newscasts, indicating strong demand for comprehensive, commentary-free news coverage.

The Portland Trail Blazers have announced a new era of broadcasting, partnering with Sinclair Broadcast Group to launch the Rip City Television Network and BlazerVision, a direct-to-consumer streaming service, starting with the 2024-25 season. This marks the first time in franchise history that a majority of games will be available over-the-air on local TV, quadrupling broadcast reach throughout Oregon and Washington.

The Rip City Television Network will air games on Sinclair's local stations, including KATU and KUNP in Portland, with expanded coverage in Seattle, Medford, Eugene, and Yakima/Pasco. BlazerVision, priced at $120 annually or $19.99 monthly, will offer all non-exclusive nationally televised games, on-demand replays, and exclusive content. Rip City United members will receive a complimentary BlazerVision subscription with their ticket package.