|Bid||24.00 x 3200|
|Ask||40.00 x 1200|
|Day's Range||28.26 - 29.02|
|52 Week Range||25.13 - 40.15|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||5.04|
|Earnings Date||Feb 26, 2019 - Mar 4, 2019|
|Forward Dividend & Yield||0.80 (2.78%)|
|1y Target Est||36.30|
Recent stories on WarnerMedia, Apple, Netflix, Amazon, Quibi and other streaming services reported by The Business Journals and elsewhere.
The networks, which include the New York-based YES Network that broadcasts Yankees games, are part of Disney’s $71 billion acquisition of Fox’s entertainment assets.
MADISON, Wis., Dec. 10, 2018 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) announced that Eric J. Krieghoff has been named General Manager for WMSN (FOX) in Madison, WI. The announcement was made by Steve Marks, EVP & Chief Operating Officer of Sinclair's television group.
Sinclair will launch its new app in early 2019 providing viewers with access to content from local TV stations across the U.S.
BALTIMORE, Dec. 6, 2018 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) congratulates Mark Aitken, the company's Vice President of Advanced Technology and President of ONE Media, for winning TV Technology's 2018 Future Industry Innovator Award. Aitken is one of the broadcast industry's leading voices and advocates for technological expansion. At the forefront of the creation of the transformative "Next Generation" broadcast transmission platform, Mark is a driving champion behind the industry's commitment to provide unlimited access to broadcast content through all devices, including mobile.
NEW YORK, Dec. 06, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
BALTIMORE, Dec. 5, 2018 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) announced today the addition of three key members to STIRR's management team, including Adam Ware as General Manager, Stacie Anthony as Editor in Chief and Ben Lister as Director of Content Acquisitions and Business Development. Based in Santa Monica, California, Ware, Anthony, Lister and their respective teams are finalizing plans for the new OTT streaming service to launch in early 2019.
Hunt Valley-based Sinclair has been developing its own streaming service called STIRR that it plans to launch in early 2019.
Nexstar Media Group Inc. confirmed it plans to acquire Tribune Media Co. in a deal that would make the company the largest operator of local television stations in the country. Nexstar, based in Irving, Texas, said Monday it will pay $46.50 a share in cash for Tribune Media’s outstanding stock for a total outlay of about $4.1 billion. Nexstar valued the deal at about $6.4 billion including debt.
Sinclair previously tried to acquire Chicago-based Tribune for $3.9 billion but the deal fell apart.
Nexstar is acquiring Tribune with an all-cash offer that values the Chicago-based company at $46.50 a share, the two said in a statement Monday. The deal stands to create a new king of local TV, unseating Sinclair Broadcast Group Inc. Four months ago, Sinclair was forced to abandon its own takeover attempt for Tribune after the $3.9 billion transaction drew the ire of regulators. Nexstar had been interested in Tribune last year before Sinclair had agreed to buy it.
Nexstar Media agreed to buy Chicago-based peer Tribune Media for about $4.1 billion in cash, making it the largest regional U.S. TV station operator. Nexstar will acquire all outstanding shares of Tribune Media for $46.50 per share in a cash transaction that is valued at $6.4 billion including the assumption of Tribune Media’s outstanding debt. Nexstar's acquisition would come just three months after Tribune's $3.9 billion deal to sell itself to Sinclair Broadcast Group.
Nexstar's acquisition would come just three months after Tribune's $3.9 billion deal to sell itself to Sinclair Broadcast Group Inc, currently the largest U.S. local TV station operator, collapsed over regulatory hurdles. Nexstar outbid private equity firm Apollo Global Management LLC with an all-cash offer that values Tribune at around $46.50 per share, three sources said. Nexstar, which has a market capitalization of $3.8 billion, has lined up banks to provide debt financing for the deal, the sources added.
In this article I am going to calculate the intrinsic value of Sinclair Broadcast Group Inc (NASDAQ:SBGI) by estimating the company’s future cash flows and discounting them to their present Read More...
The deal values Tribune, which owns television stations in key markets such as New York, Chicago and Los Angeles, at $46.50 a share, according to two people with knowledge of the talks. Nexstar could not be reached for comment.
Insider Monkey finished processing more than 700 13F filings made by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September 30. What do these smart investors think about Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)? Hedge funds remained bearish on Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for a third-straight quarter in Q3, as […]
CEO Chris Ripley said at an investor conference in October Fox's 22 regional sports networks would be an "interesting fit" for Sinclair Broadcast Group.
Amazon's bid includes the New York-based YES Network, which is partly owned by Yankee Global Enterprises. Apollo Global Management, KKR, Blackstone, Sinclair Broadcast and Tegna are also making first-round bids for the regional networks, sources tell CNBC. Fox, which was seen as a front-runner to acquire back the channels it recently sold to Disney, did not enter a first-round bid.
BALTIMORE, Nov. 19, 2018 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) today announced its partnership with Scott Rasmussen, publisher of leading pollster and analyst site ScottRasmussen.com. Sinclair and Rasmussen kicked off their partnership on November 6 for the 2018 Midterm Elections, when Rasmussen joined the broadcaster to help provide unmatched election night coverage to viewers across the country. "The Sinclair family is thrilled to launch this partnership with Scott Rasmussen, as he will undoubtedly be an important addition to the team, providing valuable analytical information to our viewers," said Scott Livingston, Sinclair's Senior Vice President for News.
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.