UPDATE: Wells Fargo Double Downgrades Sinclair Broadcasting (SBGI) to Underweight

Sinclair Declares $0.25 Per Share Quarterly Cash Dividend

BALTIMORE--(BUSINESS WIRE)-- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on the Company's Class A and Class B common stock. The dividend is payable on December 15, 2022,... More

Sinclair Reports Third Quarter 2022 Financial Results

BALTIMORE--(BUSINESS WIRE)-- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and nine months ended September 30, 2022. The results reflect the deconsolidation of the local sports segment comprised of the regional sports networks (RSNs), which are owned and operated by Diamond Sports Group ("DSG") and its direct and indirect subsidiaries, from the Company's financial statements and accounted for under equity method of accounting, effective March 1, 2022. As such, the year-to-date 2022 consolidated financial results only include two months results of operations of the local sports segment, while... More

Sinclair Broadcast Group Informs and Educates Viewers Ahead of the 2022 Elections

Sinclair Hosted or Conducted over 300 Political Debates, Town Hall Meetings, and Connect to Congress Interviews in 2022, Providing Key Information to Local Viewers

HUNT VALLEY, Md.--(BUSINESS WIRE)-- Sinclair Broadcast Group (Nasdaq: SBGI) continues to demonstrate its commitment to public service by providing a trusted platform for viewers to receive key information on local issues affecting their communities. The Company today announced its owned or operated television stations have produced 56 local political debates, 169 local Town Halls and conducted 94 Connect to Congress interviews across its stations in 2022, delivering key... More

Sinclair Broadcast Group Names John Manzi Vice President/General Manager in Chico, CA

CHICO, Calif.--(BUSINESS WIRE)-- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced John Manzi has been named Vice President/General Manager of KRCR (ABC), KRVU (MyNet) and KUCO (Univision) in Chico, California. He will also oversee Sinclairs provision of services to KCVU (FOX). Manzi most recently was VP/GM at Sinclairs KSAS and KMTW in Wichita, Kansas.

In making the announcement, Rob Weisbord, COO and President of Broadcast said, When we brought John to Sinclair to lead the stations in Wichita, we knew he would be a great... More

Comet, CHARGE! and TBD Emerge as the Fastest Growing Digital Broadcast Television Networks

Fueled by audience growth across all dayparts and increased affiliate coverage, networks set to continue momentum in 2023

New program lineups announced including the addition of hit series Stargate SG-1, Without a Trace, and Elementary

BALTIMORE--(BUSINESS WIRE)-- Sinclair (NASDAQ: SBGI) today announced its Growth Networks Group, comprised of national broadcast networks... More

Sinclair Broadcast Group, Inc. and Disney Media & Entertainment Distribution Announce Renewals of ABC Affiliation Agreements Into 2026

BALTIMORE & NEW YORK--(BUSINESS WIRE)-- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) and Disney Media & Entertainment Distribution (NYSE: DIS) today announced a multi-year deal that renews ABC affiliations across all Sinclair stations into 2026. Additionally, Disney Media & Entertainment Distribution also agreed to renew affiliations with three ABC affiliated stations to which Sinclair provides sales and other services under joint sales agreements: WHAM in Rochester, NY and WGTU and WGTQ in Traverse City, MI.

We are pleased to reach a long-term renewal of our agreements with Disney for... More