|Bid||53.50 x 1000|
|Ask||55.30 x 1300|
|Day's Range||54.35 - 55.30|
|52 Week Range||25.13 - 66.57|
|Beta (3Y Monthly)||1.73|
|PE Ratio (TTM)||17.21|
|Earnings Date||Aug 7, 2019|
|Forward Dividend & Yield||0.80 (1.75%)|
|1y Target Est||70.75|
CHICAGO, May 21, 2019 /PRNewswire/ -- Marquee Sports Network today announced Michael McCarthy as general manager. McCarthy served as president of MSG Network where he was responsible for revenue and content across all platforms, winning over 75 Emmy Awards and helping launch the careers of nationally known broadcasters, such as Mike Breen, Gus Johnson and Doris Burke. McCarthy also served as vice chairman and CEO of the St. Louis Blues and was the COO of the Milwaukee Bucks. Since August of 2018, McCarthy served as a consultant for the Chicago Cubs in the evaluation and formation of the Marquee Sports Network launch strategy.
The Chicago Cubs on Tuesday said Michael McCarthy has been tapped as general manager of the new Marquee Sports Network the Cubs are expected to launch in February of 2020 in conjunction with Sinclair Broadcast Group (NASDAQ: SBGI). Since August of 2018, McCarthy has served as a consultant for the Cubs on the formation and launch of the Marquee Sports Network, which will be the exclusive home of the Chicago Cubs and an array of content tied to the team when the new channel goes live next year. Chicago Cubs president of business operations Crane Kenney, said of McCarthy’s appointment: “With his combined sports and media background, Mike is the right person to bring our network online and deliver unprecedented Cubs coverage for our fans.” Added McCarthy: “The recent transformation of this iconic (Cubs) brand is incredibly impressive and the next big effort to better serve Cubs fans is the launch of Marquee." There has been considerable debate within local and national sports circles about the viability of the kind of cable network the Cubs plans to launch with McCarthy’s help.
A policy proposed by the Philadelphia retirement system would require Sinclair to include women and minorities on an initial list of candidates for future board seat nominations.
Sinclair Broadcast Group Inc NASDAQ/NGS:SBGIView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for SBGI with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $1.96 billion over the last one-month into ETFs that hold SBGI are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Sinclair has acquired the largest portfolio of local sports broadcasting rights in the U.S. Here's what that means for the company.
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WEST HOLLYWOOD, Calif., May 10, 2019 /PRNewswire/ -- LiveXLive Media, Inc. (LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, and STIRR, a free, ad-supported streaming service owned by Sinclair Broadcast Group (SBGI), today announced a partnership to bring electronic dance music (EDM) fans, live, ad-free streaming access to Electric Daisy Carnival (EDC) Las Vegas, one of the largest music festivals in the world. Four distinct channels across STIRR will deliver live continuous performances and exclusive behind-the-scenes content to audiences nationwide.
US investors in leveraged loans are increasingly worried that companies’ use of projected earnings figures in leveraged buyouts (LBOs) could blow up if the market turns south, derailing companies from meeting their revenue expectations and leaving them hung with billions in debt. Borrowers, many of which binged on leveraged loans to finance hefty buyouts, have in recent years ramped up their usage of add-backs, or projected cost savings such as staff cuts, to lower debt-to-earnings before interest tax, depreciation and amortization (debt-to-Ebitda) numbers in a bid to make leverage calculations more palatable to both investors and regulators. Ebitda adjustments reflect assumptions about companies’ future earnings potential.
Local-TV giant Sinclair Broadcast earnings missed after shares leapt on its Disney deal. Gray Television earnings beat views while Nexstar Media missed.
"This is a very exciting time for Sinclair led by our recent announcement to acquire 21 Regional Sports Networks, industry collaboration on the implementation of the ATSC 3.0 broadcast standard, and continued success of our local news organization," commented Chris Ripley, President and Chief Executive Officer. Walt Disney is a holding in Jim Cramer's Action Alerts PLUS charitable trust.
Sinclair (SBGI) delivered earnings and revenue surprises of -34.21% and 1.94%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Hunt Valley, Maryland-based company said it had net income of 23 cents. Earnings, adjusted for non-recurring costs, were 25 cents per share. The television broadcasting company ...
BALTIMORE, May 8, 2019 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Class B common stock. The dividend is payable on June 17, 2019, to the holders of record at the close of business on May 31, 2019. The Company owns, operates and/or provides services to 191 television stations in 89 markets. Sinclair is a leading local news provider in the country and is dedicated to impactful journalism with a local focus.
- INCREASES TOTAL REVENUE BY 9% COMPARED TO PRIOR YEAR - ANNOUNCES QUARTERLY DIVIDEND PER SHARE OF $0.20 BALTIMORE , May 8, 2019 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" ...
Must-Know Updates from Disney(Continued from Prior Part)Disney to sell its regional sports network to SinclairWalt Disney (DIS) has agreed to sell its 21 regional sports networks, which were acquired from Fox, to Sinclair Broadcast Group (SBGI) for
Inside Big Media’s Struggle to Cope with the Changing Times(Continued from Prior Part)Sinclair hopes to win business from AmazonSinclair Broadcast Group (SBGI) will pay $9.6 billion to purchase a collection of 21 regional sports networks from the
Moody's Investors Service ("Moody's") today put the Ba3 corporate family rating (CFR) of Sinclair Broadcast Group, Inc. ("SBGI" or "Sinclair") as well as the Ba1 rating on the senior secured bank credit facilities and the B1 rating on the senior unsecured notes (both issued by Sinclair Television Group, Inc ("STGI")) under review for downgrade. The ratings were placed on review following the announcement that Sinclair had entered into a definitive agreement with Walt Disney Company (The) ("Disney", A2 stable) to acquire 21 Regional Sports Networks (RSNs) and Fox College Sports, which are being sold as part of Disney's acquisition of Twenty-First Century Fox, Inc.'s entertainment assets.
Stocks staged a comeback from morning lows, with Sinclair Broadcasting soaring on a deal with Disney, and Berkshire Hathaway sinking after reporting results.
Shares of the broadcast company moved sharply higher in Monday's session after a deal with Disney to acquire regional sports networks.
"We will become the leading local sports and news company in the country," CEO Chris Ripley said.