27.40 -0.08 (-0.30%)
After hours: 4:11PM EST
|Bid||28.01 x 900|
|Ask||31.50 x 3100|
|Day's Range||26.97 - 28.37|
|52 Week Range||26.97 - 66.57|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||12.33|
|Earnings Date||Feb 25, 2020|
|Forward Dividend & Yield||0.80 (2.57%)|
|Ex-Dividend Date||Nov 26, 2019|
|1y Target Est||45.22|
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.
"Whether you can put Humpty Dumpty back together again remains an open question," Dish Chairman Charlie Ergen told analysts during a recent earnings call.
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.
With the arrival of legal sports betting outside Nevada, nearly every major player in sports media has paired with a sportsbook operator.
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.
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.
(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 email@example.com;Scott Soshnick in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Nick Turner at email@example.com, 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.
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 is planning to televise nearly 30 spring training games when the cable channel launches on Feb. 22.
Today we'll take a closer look at Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) from a dividend investor's perspective...
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.
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%.
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.
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 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.
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.
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.
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.
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.
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 […]
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
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.
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.