SBGI - Sinclair Broadcast Group, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
33.46
-0.29 (-0.86%)
At close: 4:00PM EST
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Previous Close33.75
Open33.85
Bid33.43 x 900
Ask33.47 x 800
Day's Range33.30 - 33.88
52 Week Range29.38 - 66.57
Volume542,143
Avg. Volume996,901
Market Cap3.082B
Beta (5Y Monthly)1.04
PE Ratio (TTM)15.01
EPS (TTM)2.23
Earnings DateFeb 25, 2020
Forward Dividend & Yield0.80 (2.37%)
Ex-Dividend DateNov 25, 2019
1y Target Est44.40
  • PR Newswire

    Sinclair/One Media's Fred Baumgartner Wins Prestigous Broadcasting & Cable "Technology Leadership Award"

    Sinclair Broadcast Group (Nasdaq: SBGI) congratulates Fred Baumgartner, Director of Next Gen TV Implementation for ONE Media 3.0, its wholly-owned subsidiary, for winning Broadcasting & Cable's 2020 Technology Leadership Award. Presented since 1999, it is given to people who've made significant contributions to the television industry by helping develop and deploy technologies that have improved the TV experience for the public and strengthened the future of the industry.

  • PR Newswire

    Joint Venture between SK Telecom and Sinclair Broadcast Group Launches ATSC 3.0 Next Gen Broadcast Solutions Business in U.S.

    SK Telecom (NYSE: SKM) and Sinclair Broadcast Group (NASDAQ: SBGI) announced Cast.era, a joint venture located in Arlington, Virginia focused on cloud infrastructure for broadcasting, ultra-low latency over-the-top (OTT) broadcasting, and targeted advertising.

  • How Did Sinclair Broadcast Group, Inc. (SBGI) Compare Against Top Hedge Fund Stocks in 2019?
    Insider Monkey

    How Did Sinclair Broadcast Group, Inc. (SBGI) Compare Against Top Hedge Fund Stocks in 2019?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds' top 3 stock picks returned 45.7% last year and beat the S&P 500 […]

  • Should You Be Concerned About Sinclair Broadcast Group, Inc.'s (NASDAQ:SBGI) ROE?
    Simply Wall St.

    Should You Be Concerned About Sinclair Broadcast Group, Inc.'s (NASDAQ:SBGI) ROE?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • PR Newswire

    Sinclair Names Matthew Morse General Manager in Fresno, California

    Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), ("the Company," "Sinclair") is pleased to announce that Matthew Morse has been named General Manager of KMPH (Fox) and KFRE (CW) in Fresno, CA. The announcement was made by Rob Weisbord, President of Sinclair's Local News & Marketing Services division.

  • PR Newswire

    Sinclair Broadcast Group Congratulates ITU on Approving ATSC 3.0 as an International Recommended Digital Terrestrial TV Standard

    Sinclair Broadcast Group, Inc. (Sinclair) (Nasdaq: SBGI) and ONE Media 3.0, LLC (ONE Media) applaud the International Telecommunication Union's (ITU) adoption of the ATSC 3.0 digital broadcast standard for use by all countries in the world.

  • Year in Review 2019: Sinclair makes its big move into sports
    American City Business Journals

    Year in Review 2019: Sinclair makes its big move into sports

    During 2019, Sinclair bought 21 Fox sports regional sports networks from Disney and took a stake in the YES Network.

  • PR Newswire

    Sinclair Announces Local News & Marketing Services Division Promotions

    Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), a diversified media company and a leader in local news and sports, announced the following promotions in its Local News & Marketing Services division effective January 1, 2020. The announcement was made by Rob Weisbord, President of the Local News & Marketing Services division.

  • Sinclair Broadcast to raise minimum wage to $15 an hour
    American City Business Journals

    Sinclair Broadcast to raise minimum wage to $15 an hour

    Sinclair joins a growing list of companies that have raised wages recently, including Amazon.com, Bank of America and Wells Fargo.

  • PR Newswire

    Sinclair Broadcast Group Raises Minimum Hourly Wage to $15

    Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (Nasdaq: SBGI) announced that its minimum hourly wage will increase to $15 for all applicable employees, effective December 29, 2019. The increase will impact the wages of employees whose minimum wage was previously tied to state and federal mandates.

  • PR Newswire

    Sinclair Hires Susan Connor As Vice President/General Manager of KTVL In Medford, OR

    Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that Susan Connor has been hired as Vice President/General Manager for KTVL (CBS) in Medford, OR. The announcement was made by Rob Weisbord, President of Sinclair's Local News & Marketing Services division.

  • Cox Enterprises completes sale of stations & assets; new owner names C-suite
    American City Business Journals

    Cox Enterprises completes sale of stations & assets; new owner names C-suite

    Kim Guthrie will lead the new Cox Media Group as president and CEO; Steven Pruitt joins as executive chairman.

  • Cox Enterprises Announces Close of Cox Media Group Sale to Affiliates of Apollo Global Management
    PR Newswire

    Cox Enterprises Announces Close of Cox Media Group Sale to Affiliates of Apollo Global Management

    Cox Enterprises, Inc. today announced it has completed the sale of its portfolio of television and radio stations, Ohio assets and its affiliated CoxReps and Gamut national advertising businesses to a new media company that is majority owned by private equity funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO). Cox Enterprises maintains a minority stake in the new company, which will include Northwest Broadcasting and will continue to operate under the name "Cox Media Group," ("CMG" or the "Company") with headquarters in Atlanta, Georgia.

  • PR Newswire

    Sinclair Announces Partial Redemption of Diamond Sports Holdings Preferred Units

    On December 13, 2019, Diamond Sports Holdings LLC ("DSH"), an indirect subsidiary of Sinclair Broadcast Group, Inc. ("Sinclair") (NASDAQ: SBGI), elected to redeem 300,000 of its Preferred Units (such units, the "Redeemed Preferred Units") using cash dividends from DSH's indirect subsidiary, Diamond Sports Group, LLC, and as previously discussed on Sinclair's November 2019 third quarter earnings conference call. In accordance with the terms of the Amended and Restated Limited Liability Company Agreement of Diamond Sports Holdings, the Redeemed Preferred Units were redeemed for an aggregate redemption price equal to $301,872,333, representing 100% of the unreturned capital contribution with respect to such Redeemed Preferred Units, plus accrued and unpaid dividends with respect to such Redeemed Preferred Units up to, but not including, the redemption date, and after giving effect to any applicable rebates. After giving effect to the partial redemption, 725,000 Preferred Units of Diamond Sports Holdings remain outstanding. The window for redemption of the Preferred Units at a redemption price equal to 100% of the unreturned capital contribution plus accrued and unpaid dividends with respect to such Preferred Units began on November 22, 2019 and will continue through February 19, 2020, and DSH may redeem additional Preferred Units on or prior to February 19, 2020. Subsequent to February 19, 2020, DSH will be permitted to redeem Preferred Units at the then applicable call premium specified in its Limited Liability Company Agreement plus accrued and unpaid dividends.

  • FOX Sports networks announce contract extension with Atlanta United
    American City Business Journals

    FOX Sports networks announce contract extension with Atlanta United

    The FOX Sports broadcast team — Kevin Egan, Dan Gargan and Jillian Sakovits — will return for the 2020 season.

  • Why Sinclair Broadcast Group, Inc.’s (NASDAQ:SBGI) Use Of Investor Capital Doesn’t Look Great
    Simply Wall St.

    Why Sinclair Broadcast Group, Inc.’s (NASDAQ:SBGI) Use Of Investor Capital Doesn’t Look Great

    Today we'll evaluate Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) to determine whether it could have potential as an...

  • Sports betting in Georgia could be coming ‘sooner rather later’
    American City Business Journals

    Sports betting in Georgia could be coming ‘sooner rather later’

    Sports betting is exploding across the nation, putting pressure on Georgia lawmakers to legalize wagering during the 2020 legislative session that starts next month.

  • ‘Don’t mess with me’ — Pelosi gets into heated exchange over ‘hate’ for Trump
    MarketWatch

    ‘Don’t mess with me’ — Pelosi gets into heated exchange over ‘hate’ for Trump

    House Speaker Nancy Pelosi exploded at a reporter Thursday when asked if she “hates” President Donald Trump, in a heated exchange that came after she called for impeachment articles to be drawn up.

  • Is Sinclair Broadcast Group, Inc. (SBGI) Going To Burn These Hedge Funds ?
    Insider Monkey

    Is Sinclair Broadcast Group, Inc. (SBGI) Going To Burn These Hedge Funds ?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • PR Newswire

    Sesh Simha Promoted to Vice President, Advanced Technology-ONE Media 3.0

    ONE Media 3.0, LLC, a wholly-owned subsidiary of Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), announced today that Sesh Simha has has been promoted to Vice President for Advanced Technology.

  • PR Newswire

    Sinclair Closes Private Offering of Senior Notes

    Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (the "Issuer"), has closed its previously announced private offering of $500 million aggregate principal amount of Senior Notes due 2030 (the "2030 Notes").

  • Cubs' Marquee Sports Network bringing aboard a special advisor for content
    American City Business Journals

    Cubs' Marquee Sports Network bringing aboard a special advisor for content

    The new cable sports network is taking special care to ensure content properly reflects the Cubs' rich history.

  • PR Newswire

    Sinclair Prices Private Offering of Senior Notes

    BALTIMORE, Nov. 19, 2019 /PRNewswire/ -- Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (the "Issuer"), has priced its previously announced private offering of $500 million aggregate principal amount of Senior Notes due 2030 (the "2030 Notes"). The 2030 Notes were priced at 100% of their face amount and will bear interest at a rate of 5.500% per annum payable semi-annually on June 1 and December 1, commencing June 1, 2020. The 2030 Notes will mature on March 1, 2030.

  • Moody's

    Sinclair Television Group, Inc -- Moody's assigns B1 rating to Sinclair Television Group's $500 million senior unsecured notes due 2030

    Moody's Investors Service ("Moody's") has assigned a B1 rating to Sinclair Television Group, Inc's (Sinclair or STGI) $500 million senior unsecured notes due 2030. The proceeds of the senior unsecured notes will be used to fully redeem Sinclair's $500 million, 6.125% senior unsecured notes due 2022. Sinclair's Ba3 corporate family rating (CFR) and Ba3-PD probability of default rating (PDR), along with the company's Ba2 and B1 ratings on the existing senior secured credit facilities and senior unsecured notes, respectively, are unaffected by the transaction.

  • PR Newswire

    Sinclair Announces Private Offering of Senior Notes of Sinclair Television Group

    BALTIMORE, Nov. 19, 2019 /PRNewswire/ -- Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. ("Issuer") intends to offer in a private placement, subject to market conditions and other factors, $500 million aggregate principal amount of Senior Notes due 2030 (the "2030 Notes"). The net proceeds from the private placement of the 2030 Notes are intended to be used to fund the Issuer's redemption of its 6.125% Senior Notes due 2022 (the "2022 Notes").