|Bid||24.80 x 800|
|Ask||33.00 x 1000|
|Day's Range||30.36 - 30.76|
|52 Week Range||25.13 - 40.15|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||5.75|
|Earnings Date||Feb 20, 2018 - Feb 26, 2018|
|Forward Dividend & Yield||0.80 (2.55%)|
|1y Target Est||36.30|
Birmingham Legion FC has secured a multi-year partnership with Sinclair Broadcasting Group to air the USL soccer team's matches on My 68 WABM. “The team at MyTV68 is extremely proud to have been chosen as the television home of Legion FC,” said Sinclair Broadcast Group Birmingham General Manager Eric Land. “Sinclair Broadcasting has a history of committing our television stations and their resources to produce the best in live, local sports. We believe live television coverage, added to the excitement we expect on the pitch, will help Legion FC grow their brand of soccer in central Alabama.” Legion FC’s broadcast deal includes games, both home and away, being broadcasted in Birmingham and throughout central Alabama.
Tribune Media Co. of Chicago and five other media companies have settled with the Justice Department, which alleged they colluded to inflate TV ad prices. “The unlawful exchange of competitively sensitive information allowed these television broadcast companies to disrupt the normal competitive process of spot advertising in markets across the United States.
A group of six television station owners on Tuesday agreed to settle Justice Department charges that they used third-party firms to illegally coordinate on sales of local advertising spots. Sinclair Broadcast Group Inc., Tribune Media Co., Raycom Media Inc., Meredith Corp., Griffin Communications LLC and Dreamcatcher Broadcasting LLC all agreed to consent decrees that bar them from sharing certain competitively sensitive information for seven years, according to documents filed Tuesday with the U.S. District Court for the District of Columbia. Court documents filed Tuesday didn’t indicate any financial penalties for the station owners.
The U.S. Justice Department has settled antitrust charges with Sinclair Broadcast Group , Tribune Media Co and four other broadcast companies accused of sharing competitively sensitive information with rivals, the department said on Tuesday. The companies also include Raycom Media Inc, Meredith Corp , Griffin Communications and Dreamcatcher Broadcasting LLC.
Sinclair (SBGI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Sinclair Broadcast Group Inc. has agreed to a settlement with the Justice Department over the sharing of information between television-station owners that raised antitrust concerns. In June, The Wall Street Journal reported the Justice Department was investigating whether Sinclair and certain other local station owners violated antitrust law by sharing advertising sales data, potentially leading to higher ad prices. Sinclair said the settlement, which it revealed in its quarterly earnings report Wednesday, doesn’t represent an admission of wrongdoing and doesn’t subject the company to monetary damages or penalties.
Sinclair (SBGI) delivered earnings and revenue surprises of 10.71% and 2.27%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Sinclair Broadcast Group Inc. earnings doubled in the third quarter, boosted by the largest midterm political advertising year in the company's history. The Hunt Valley owner and operator of television stations posted a profit of $63.9 million, or 62 cents per share, up from $30.6 million, or 30 cents, in the year ago period. Revenue increased 19 percent to $766.3 million, up from $644.5 million in the third quarter of last year.
On a per-share basis, the Hunt Valley, Maryland-based company said it had net income of 62 cents. The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks ...
Inc. (SBGI) said Wednesday it had a third-quarter profit of $63.9 million, or 62 cents a share, up from $30.6 million, or 30 cents a share, a year earlier. Total revenue rose 19% to $766.3 million, ahead of the consensus forecast of $752.2 million. For 2018, the company guided media revenue of $2.91 billion to $2.92 billion, and non-media revenue of about $127 million.
Shares of Sinclair Broadcast Group were up 1.4% in Wednesday premarket trade after the company reported third-quarter earnings that beat expectations and increased its quarterly cash dividend to 20 cents from 18 cents. Profit for the latest quarter rose to $63.9 million, or 62 cents a share, up from $30.6 million, or 30 cents a share, in the year-ago quarter. The FactSet consensus was 55 cents a share. Factoring into Sinclair's profit were $18 million in ticking fee costs related to the financing commitments for the terminated acquisition of Tribune Media Co. , the company said. Revenue was $766.3 million, beating the FactSet consensus of $752.6 million and up from $644.5 million a year ago. Media revenue was $730.4 million, up from $629.6 million one year ago, while non-media revenue was $35.9 million, up from $14.9 million one year ago. The company expects full-year media revenue between $2.905 billion and $2.917 billion. Shares of Sinclair have fallen 19.2% in the year to date, while the S&P 500 has gained 3%.
BALTIMORE, Nov. 7, 2018 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) announced that its Board of Directors has increased the quarterly cash dividend per share on the Company's Class A and Class B common stock from $0.18 to $0.20. The dividend is payable on December 17, 2018, to the holders of record at the close of business on November 30, 2018. 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 operates the greatest number of award-winning news rooms in the industry and is dedicated to impactful journalism with a local focus.
- INCREASES TOTAL REVENUE BY 19% COMPARED TO PRIOR YEAR - INCREASES QUARTERLY DIVIDEND PER SHARE TO $0.20 BALTIMORE , Nov. 7, 2018 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" ...
Fox, the expected successor to 21st Century Fox (FOX) (FOXA), wants to buy a portfolio of regional sports networks from Walt Disney (DIS), people familiar with the matter told CNBC. Disney agreed to buy a bundle of assets from 21st Century Fox for $71.3 billion. US regulators approved the deal in June on the condition that Disney divests 22 regional sports networks from the list of assets it is purchasing from 21st Century Fox.
Sinclair Broadcast Group Inc (NASDAQ:SBGI) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case Read More...
NEW YORK, Oct. 30, 2018 -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Tribune Media.
NEW YORK, Oct. 26, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
BALTIMORE, Oct. 25, 2018 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) today announced that it has raised more than $85,000 in partnership with the Salvation Army to aid disaster relief efforts for the survivors of Hurricane Michael. On October 17, Sinclair held a national Day of Giving to promote its efforts, encouraging viewers to get involved in helping those affected by the storm. As part of the relief effort, Sinclair contributed an additional $25,000 to the funds initially raised.
Sorenson filed for chapter 11 last week in the U.S. Bankruptcy Court in Salt Lake City, listing assets between $10 million and $50 million, and liabilities between $100 million and $500 million. Founded in 1995, Sorenson made its name in video compression and coding technology but is now focused on so-called addressable advertising, which can provide targeted advertising on smart TVs based on the household’s demographics, according to court papers. It is seeking to reject the contract with Sinclair, which owns and operates about 190 television stations across the U.S., because it has become a “significant drain” on Sorenson’s business, court papers said.
Moody's Investors Service (Moody's) confirmed Gray Television, Inc.'s (Gray or the Company) B1 Corporate Family Rating, and B1-PD Probability of Default which were under review for downgrades. The Company's 5.125% senior unsecured notes (due 2024) and 5.875% senior unsecured notes (due 2026) were downgraded to B3, from the previous rating of B2 -- under review for downgrade. Moody's assigned a Ba2 to the new 7-year, $2.150 billion Senior Secured Term Loan B (due 2025), and a Ba2 to the Company's amended and extended 5-year, $200 million senior secured revolving credit facility.
Rather than trying to be a major player in all types of programming, Hunt Valley-based Sinclair is “focused on winning in the areas where we’re strong in,” said CEO Chris Ripley.