Stephens Upgrades Sinclair Broadcasting (SBGI) to Overweight
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Sinclair Broadcast Group (SBGI) Misses Q3 EPS by 18c: Issues Light Revenue Outlook
November 2, 2016 7:38 AM EDTSinclair Broadcast Group (NASDAQ: SBGI) reported Q3 EPS of $0.54, $0.18 worse than the analyst estimate of $0.72. Revenue for the quarter came in at $693.8 million versus the consensus estimate of $691.67 million.
Executive Changes:
Sinclair Broadcast also announced the following executive promotions and changes which will become effective January 1, 2017:
David Smith from Chairman, President & Chief Executive Officer to Executive Chairman. Mr. Smith will have direct oversight of the development, implementation and globalization of the Next Generation Broadcast Platform (ATSC 3.0) and expansion of our news franchise. Mr. Smith will... More
