MARKET COMPOSITE
SBGI - Sinclair Broadcast Group, Inc.4:17:31 PM 5/2/2024
Price
$13.30
+ 0.51 (3.99%)
Sinclair Broadcast Group, Inc. is a publicly traded American telecommunications conglomerate which is controlled by the family of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations , owning or operating a total of 193 stations across the country in over 100 markets , many of which are located in the South and Midwest, and is the largest owner of stations affiliated with Fox, ABC, and The CW. Sinclair also owns four digital multicast networks , sports-oriented cable networks , and a streaming service , and owns or operates four radio stations in the Pacific Northwest. Among other non-broadcast properties, Sinclair also owns the professional wrestling promotion Ring of Honor and its streaming service Honor Club. A 2019 study in the American Political Science Review found that "stations bought by Sinclair reduce coverage of local politics, increase national coverage and move the ideological tone of coverage in a conservative direction relative to other stations operating in the same market."
Financials
Quarterly financials
(USD)Mar 2023Q/Q
Revenue773MM-19%
Operating Income21MM-92%
Operating Expenses752MM+6%
Net Income185MM-
G&A191MM-8%
Amortization41MM-2%
Interest Expense74MM+9%
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Stock news

    HUNT VALLEY, Md., May 01, 2024--Sinclair is pleased to announce its television stations were honored with a total of four National Headliner Awards, including first place in the Investigative Reporting and Consumer Reporting categories. The National Headliner Awards, one of the oldest and largest journalism contests, recognizes the best journalistic merit in the United States.

    OKLAHOMA CITY, April 29, 2024--Sinclair is proud to announce that Blaise Labbe will be inducted into the Oklahoma Journalism Hall of Fame. Labbe is currently a Group News Director for Sinclair Broadcast Group and oversees the news operations in 12 Sinclair markets across five states.

    HUNT VALLEY, Md., April 22, 2024--In honor of Earth Day, Sinclair, Inc. today published its 2023 Corporate Social Responsibility (CSR) report, detailing the Company’s achievements and progress in its social responsibility journey.

    HUNT VALLEY, Md., April 15, 2024--Sinclair, Inc. (Nasdaq: SBGI) announced the launch of its "Broadspan" datacasting platform to enable data distribution capability across all current Sinclair NextGen Broadcast (ATSC 3.0) markets where it serves as the host station. Edgio, Inc., a leading content delivery network, will become the first commercial partner of the Broadspan datacasting platform.

    HUNT VALLEY, Md., April 11, 2024--Sinclair, Inc. today announced the company has joined the Entertainment ID Registry (EIDR) as a member of the Board of Directors. The company will be represented by Mike Palmer, Sinclair’s AVP of Media Management, who will serve on EIDR’s board as Sinclair’s representative for a 1-year term.

    BALTIMORE, April 09, 2024--Sinclair, Inc. (Nasdaq: SBGI) will report its first quarter 2024 earnings results at 4:00 p.m. ET on Wednesday, May 8, 2024, followed by a conference call to discuss the results at 4:30 p.m. ET.

    HUNT VALLEY, Md., April 09, 2024--Sinclair, Inc. today announced the company has taken its first steps into usage of generative artificial intelligence within its original content to reach more audiences globally in their native languages.

    BALTIMORE, April 05, 2024--WBFF FOX45, Baltimore’s #1 ranked news outlet, The Baltimore Sun, the region’s leading source of news and information, Atlas Restaurant Group, the largest restaurant group in the city of Baltimore, and MileOne Autogroup, the region's largest car dealer group, today announced the companies will make financial donations in support of the Maryland Tough Baltimore Strong Key Bridge Fund. WBFF, The Baltimore Sun, and Atlas Restaurant Group will each donate $50,000 to the re

    HUNT VALLEY, Md., April 03, 2024--Sinclair, Inc. (Nasdaq: SBGI) and its subsidiary, ONE Media Technologies, will be participating in the 2024 National Association of Broadcasters (NAB) Show next week in Las Vegas. Members of the company’s leadership team will participate in multiple panel discussions and technical paper presentations during the April 13-16 show, and Sinclair will host a press conference event on April 14. Sinclair and ONE Media also be participating in ATSC’s NAB booth in the We

    WASHINGTON, April 01, 2024--Sinclair Broadcast Group today announced that Matthew Galka will join the company’s Washington DC Bureau as a National Correspondent. Galka will provide reporting for The National Desk, Sinclair’s nationally syndicated news program, and Sinclair’s broadcast stations.