SBGI - Sinclair Broadcast Group, Inc.
| Previous Close | 29.83 |
| Open | 29.99 |
| Bid | 24.80 x 800 |
| Ask | 34.85 x 1400 |
| Day's Range | 29.52 - 30.14 |
| 52 Week Range | 28.45 - 66.57 |
| Volume | 585,772 |
| Avg. Volume | 1,265,234 |
| Market Cap | 2.726B |
| Beta (5Y Monthly) | 0.98 |
| PE Ratio (TTM) | 13.36 |
| EPS (TTM) | 2.23 |
| Earnings Date | Feb 25, 2020 |
| Forward Dividend & Yield | 0.80 (2.57%) |
| Ex-Dividend Date | Nov 26, 2019 |
| 1y Target Est | 45.22 |
- Bloomberg
Sinclair Nears Sports Streaming Deal With Deltatre
(Bloomberg) -- Video streaming service Deltatre is nearing a deal with Sinclair Broadcast Group Inc. to be the digital video provider for the 21 regional sports networks that the broadcaster bought last year from Walt Disney Co., according to two people familiar with the talks.Deltatre would provide the underlying technology for live sports broadcasts across the various networks, according to the people, who asked not to be identified because the negotiations are private. Financial details weren’t disclosed.Sinclair and Bruin Sports Capital, which owns Deltatre, didn’t immediately respond to requests for comment.If completed, the deal could boost the value of Deltatre at a time when its owners are considering a sale. Bloomberg News reported in December that Bruin was exploring strategic options for the company, including the possibility of a sale valuing the company at $1 billion or more.Deltatre’s current clients include the National Football League, Major League Baseball, European soccer governing body UEFA, and Discovery Inc. The company is based in Turin, Italy.Last year, Sinclair agreed to pay $9.6 billion for the 21 regional sports networks, or RSNs, that were once part of the Fox sports empire. Disney had agreed to sell the networks as part of its already-completed acquisition of 21st Century Fox Inc.’s entertainment assets.The networks, which cover cities like New Orleans, Detroit and Indianapolis, have local rights to more than 40 pro teams in the NHL, NBA and MLB, plus rights to smaller leagues and clubs. They had about 74 million subscribers and generated $3.8 billion in revenue in 2018.The talks come as MLB teams prepare to take back the local streaming rights to their games, long controlled by the league as a whole. That change could eventually give team RSNs -- or other partners -- the right to build digital offerings that don’t require local fans to have a cable subscription.Sinclair also recently purchased a 20% stake in the YES Network, the New York Yankees’ RSN, and will soon launch Marquee Sports Network, an RSN it co-owns with the Chicago Cubs. As of right now, those two networks aren’t involved in the Deltatre deal.\--With assistance from Gerry Smith.To contact the reporters on this story: Eben Novy-Williams in New York at enovywilliam@bloomberg.net;Scott Soshnick in New York at ssoshnick@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- American City Business Journals
Marquee Sports Network hire former Cubs star, BTN host
Marquee Sports Network adds two on-air talents just days before the Cubs sports channel is set to launch.
- PR Newswire
Sinclair Hires Allyson Meyers As Vice President/General Manager Of KTUL In Tulsa, Oklahoma
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that Allyson Meyers has been hired as Vice President/General Manager for KTUL (ABC) in Tulsa, OK. The announcement was made by Rob Weisbord, President of Sinclair's Local News & Marketing Services division.
- American City Business Journals
Marquee Sports Network to air most Cubs spring training games ever
Marquee Sports Network is planning to televise nearly 30 spring training games when the cable channel launches on Feb. 22.
- Simply Wall St.
Is Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) An Attractive Dividend Stock?
Today we'll take a closer look at Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) from a dividend investor's perspective...
- PR Newswire
Sinclair Announces Steven Zenker as Vice President, Investor Relations
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), a diversified media company and a leader in local news and sports, announced today that Steven Zenker has joined the Company as Vice President, Investor Relations. The announcement was made by Lucy Rutishauser, SVP and Chief Financial Officer of Sinclair.
- MarketWatch
Roku stock falls after report says it's losing Fox apps ahead of the Super Bowl
Shares of Roku Inc. are off 4% in Friday morning trading after a Verge report discussed a carriage dispute between Fox Sports and the streaming company, which could mean Roku would pull Fox apps off its platform just before the Super Bowl. The Verge report quotes a statement from Roku saying that the company "offered Fox an extension" but would be "forced to remove the channels" if the companies don't strike an agreement. The stories also quotes a statement from Fox saying that Roku's response is a "poorly timed negotiating ploy, fabricating a crisis with no thought for the alarm it generated among its own customers." Roku didn't immediately respond to MarketWatch's request for comment. Shares of Sinclair Broadcast Group Inc. , which purchased Fox Sports from Walt Disney Co. last year, are down 2%.
- Benzinga
Political Ad Spending To Boost Broadcast Companies In 2020 Race
It's a political year, which is good news for the ad sellers at the broadcasting companies. With a highly partisan environment, the return of Super PACS, a couple of billionaires in the mix and a lot on the line for both parties, it's likely to be a record political cycle in terms of ad spend, Wells Fargo media industry analyst Steven Cahall said in recent a note. Cahall said TV and radio broadcasters will both benefit, and broadcasting companies should trade well at least through the third quarter on the ad bump.
- PR Newswire
Sinclair To Report Fourth Quarter 2019 Results On February 26, 2020 At 7:30 a.m. (Eastern Time)
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) will report its fourth quarter 2019 earnings results at 7:30 a.m. ET on Wednesday, February 26, 2020, followed by a conference call to discuss the results at 9:00 a.m. ET.
- American City Business Journals
Sinclair's streaming app was downloaded 1.6M times last year. Now it's getting an election channel.
Sinclair Broadcast Group Inc.'s streaming app STIRR has been downloaded more than 1.6 million times since debuting a year ago, and more content is on the way. The Hunt Valley-based broadcaster plans to launch a new channel during the week of Jan. 20 dedicated to live 2020 election events. STIRR will also soon offer on-demand viewing of popular shows like Wheel of Fortune, Jeopardy, Judge Judy and The Ellen DeGeneres Show after they have aired.
- PR Newswire
Sinclair Announces Partial Redemption of Diamond Sports Holdings Preferred Units
On January 21, 2020, Diamond Sports Holdings LLC ("DSH"), an indirect subsidiary of Sinclair Broadcast Group, Inc. ("Sinclair"), elected to redeem 200,000 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 $200,000,000, plus accrued and unpaid dividends with respect to such Redeemed Preferred Units up to, but not including, the redemption date, and net of any applicable rebates. After giving effect to the partial redemption, 525,000 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.
- PR Newswire
STIRR Expands on 1-Year Anniversary with New Program Offerings
STIRR, a free, ad-supported OTT-TV streaming service owned by Sinclair Broadcast Group (Nasdaq: SBGI), marked its one-year anniversary today by announcing its intention to launch a new channel dedicated to live 2020 election events. With more than 1.6 million app downloads, STIRR offers access to some of the most popular local news, entertainment and digital first channels. This month, it will add original channel 2020 LIVE to further expand the platform's unmatched news offerings.
- 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.
- 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 […]
- 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.
- 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.
- 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.
- 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.
- 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.
