SBGI - Sinclair Broadcast Group, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
23.44
+0.08 (+0.34%)
At close: 3:59PM EST

23.44 0.00 (0.00%)
After hours: 4:00PM EST

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Previous Close23.36
Open22.86
Bid23.54 x 1100
Ask23.55 x 1100
Day's Range22.00 - 24.48
52 Week Range22.00 - 66.57
Volume2,583,251
Avg. Volume1,339,736
Market Cap2.146B
Beta (5Y Monthly)0.98
PE Ratio (TTM)10.52
EPS (TTM)2.23
Earnings DateMay 05, 2020
Forward Dividend & Yield0.80 (2.57%)
Ex-Dividend DateNov 26, 2019
1y Target Est44.44
  • Thomson Reuters StreetEvents

    Edited Transcript of SBGI earnings conference call or presentation 26-Feb-20 2:00pm GMT

    Q4 2019 Sinclair Broadcast Group Inc Earnings Call

  • Atlanta Braves revenue hits record $476M in 2019
    American City Business Journals

    Atlanta Braves revenue hits record $476M in 2019

    The Atlanta Braves may be cautious when it comes to free agency spending, but it’s not because they don't have the money. Parent company Liberty Media reported on Wednesday that the Braves finished out 2019 with a record $476 million in total revenue, which is up 8% from 2018 when they brought in $442 million. While the development revenue remained flat over a year, the $438 million in baseball revenue is an 8% increase from the $404 million the team earned in 2018.

  • PR Newswire

    Sinclair Declares $0.20 Per Share Quarterly Cash Dividend

    Sinclair Broadcast Group, Inc. (Nasdaq: 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 March 20, 2020, to the holders of record at the close of business on March 9, 2020.

  • PR Newswire

    Sinclair Reports Fourth Quarter 2019 Financial Results

    Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and twelve months ended December 31, 2019.

  • Baltimore-area stocks plummet as markets fall amid coronavirus outbreak
    American City Business Journals

    Baltimore-area stocks plummet as markets fall amid coronavirus outbreak

    Fears about the growing coronavirus outbreak caused the stock market to fall sharply on Monday, taking the stocks of Greater Baltimore's biggest public companies down with it. The Dow Jones Industrial Average opened down more than 800 points following news that the deadly virus has spread beyond China and into Italy, South Korea and Iran.

  • Dish remains open to making deal with Sinclair to end blackout of Fox sports networks
    American City Business Journals

    Dish remains open to making deal with Sinclair to end blackout of Fox sports networks

    "Whether you can put Humpty Dumpty back together again remains an open question," Dish Chairman Charlie Ergen told analysts during a recent earnings call.

  • Cubs' Marquee Sports Network reveals more programming details
    American City Business Journals

    Cubs' Marquee Sports Network reveals more programming details

    Just hours before the sports cable channel's launch, the powers-that-be at the new outlet for all things Cubs shed some new light on how the cable station will be programmed.

  • Media deals with sportsbooks strike bet on gambling growth
    American City Business Journals

    Media deals with sportsbooks strike bet on gambling growth

    With the arrival of legal sports betting outside Nevada, nearly every major player in sports media has paired with a sportsbook operator.

  • Mario Gabelli's Top 5 Buys of the 4th Quarter
    GuruFocus.com

    Mario Gabelli's Top 5 Buys of the 4th Quarter

    GAMCO investor’s top buys include cable operator and luxury jeweler Continue reading...

  • PR Newswire

    Sinclair Announces Corporate Executive Promotions

    Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), a diversified media company and a leader in local news and sports, announced the following corporate executive promotions. The announcement was made by Chris Ripley, President and Chief Executive Officer of Sinclair.

  • PR Newswire

    Sinclair Announces Corporate Promotions

    Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), a diversified media company and a leader in local news and sports, announced the following corporate promotions. The announcement was made by Chris Ripley, President and Chief Executive Officer of Sinclair.

  • Sinclair Nears Sports Streaming Deal With Deltatre
    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.

  • Marquee Sports Network hire former Cubs star, BTN host
    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.

  • Marquee Sports Network to air most Cubs spring training games ever
    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.

  • Is Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) An Attractive Dividend Stock?
    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.

  • Sinclair's streaming app was downloaded 1.6M times last year. Now it's getting an election channel.
    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.