|Bid||30.00 x 1000|
|Ask||36.30 x 300|
|Day's Range||31.45 - 32.20|
|52 Week Range||26.70 - 41.20|
|PE Ratio (TTM)||5.51|
|Earnings Date||May 9, 2018|
|Forward Dividend & Yield||0.72 (2.21%)|
|1y Target Est||50.71|
CNBC's Julia Boorstin reports that Sinclair will sell Tribune stations, including some in New York and Chicago, to comply with the FCC.
LAS VEGAS, March 13, 2018 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) ("Sinclair") announced that Larry Strumwasser has been named General Manager of KSNV (NBC and Estrella TV) and KVCW (CW and MyTV) in Las Vegas, Nevada. The announcement was made by Steve Marks, EVP & Chief Operating Officer of Sinclair's television group.
Sinclair Broadcast Group Inc. says it has agreed to sell TV stations, including WGN-TV Chicago and WPIX-TV New York, to comply with federal regulations so that it can acquire Tribune Media Co. in a proposed $3.9 billion deal. In revised filings posted online with the Federal Communications Commission, Sinclair (SBGI) said it would sell at least one station in nine markets to stay below station-ownership limits, according to Bloomberg . The FCC and authorities at the Justice Department are vetting the deal.
Sinclair Broadcast Group Inc. said it had executed agreements to sell TV stations in New York and Chicago in order to stay below media ownership limits as it absorbs Tribune Media Co. in a proposed $3.9 ...
BOISE, Idaho, March 5, 2018 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) ("Sinclair") announced that Tom Long has been promoted to General Manager of KBOI (CBS) and KYUU (CW Plus) in Boise, Idaho. The announcement was made by Steve Marks, EVP & Chief Operating Officer of Sinclair's television group. "I am excited to be joining the Sinclair team in Boise.
Sinclair Broadcast Group Inc. is attempting to steer clear of violating U.S. media ownership limits in its push to buy Tribune Media Co., by selling two of the largest TV stations involved in the deal ...
BALTIMORE, March 2, 2018 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) announced that Justin Bray has been named Vice President & Treasurer from Vice President and Corporate Controller. David Bochenek has been named Senior Vice President, Chief Accounting Officer & Corporate Controller from Senior Vice President, Chief Accounting Officer. Both positions will report into Lucy Rutishauser, SVP & Chief Financial Officer, who made the announcement.
Sinclair Broadcast Group Inc. saw its profit soar more than 266 percent in the fourth quarter last year and said Wednesday it expects to close the planned acquisition of Tribune Media Co. in the second quarter. Hunt Valley-based Sinclair Broadcast reported earnings of $443.5 million in the fourth quarter, or $4.32 per share, up from $120.9 million, or $1.32 per share, in the prior-year period. Total revenue slipped 8 percent to $734 million, though last year's results included political advertising during the 2016 presidential election year.
Sinclair Broadcast Group Inc. said it’s “getting close” to winning U.S. regulatory clearance for its purchase of Tribune Media Co., and predicted a second-quarter close for the deal it once envisioned ...
On a per-share basis, the Hunt Valley, Maryland-based company said it had net income of $4.32. Earnings, adjusted for pretax gains, were $1.67 per share. The results beat Wall Street expectations. The ...
NEW YORK, NY / ACCESSWIRE / February 28, 2018 / Sinclair Broadcast Group, Inc. Class A (NASDAQ: SBGI ) will be discussing their earnings results in their Q4 Earnings Call to be held on February 28, 2018, ...
BALTIMORE , Feb. 28, 2018 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share on the Company's ...
- INCREASES FULL YEAR OPERATING INCOME AND NET INCOME COMPARED TO PRIOR YEAR - REPORTS $4.32 DILUTED EARNINGS PER SHARE - DECLARES $0.18 QUARTERLY DIVIDEND PER SHARE BALTIMORE , Feb. 28, 2018 /PRNewswire/ ...
BALTIMORE, Feb. 27, 2018 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) announced that Scott Livingston has been promoted to Senior Vice President of News. The announcement was made by Chris Ripley, President and Chief Executive Officer of Sinclair.
NEW YORK, Feb. 26, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of First ...
** Brookdale Senior Living Inc said that it had rejected a buyout offer for $9 per share as the "indication of interest" was unacceptable. ** ProSiebenSat.1 Media SE has agreed to sell a stake in its e-commerce business to U.S. investment firm General Atlantic as it seeks to finance a shift away from its legacy free-to-air TV business and expand its eclectic digital portfolio.
Sinclair Broadcast Group Inc.’s proposal to sell but still operate TV stations in New York, Chicago and other cities to win regulatory approval of its $3.9 billion purchase of Tribune Media Co. drew derision ...
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on February 20. Index (PMI) data, output in the Consumer Services sector is rising.
Sinclair Broadcast Group Inc. said it would sell TV stations in New York and Chicago to help get regulators’ approval to buy Tribune Media Co. -- but the broadcaster also said it would still operate the ...
Sinclair Broadcast Group Inc has agreed to sell TV stations in Chicago and New York owned by Tribune Media Co as part of its bid to win approval to acquire Tribune, according to a filing on Wednesday with the U.S. Federal Communications Commission. Sinclair, which is already the largest U.S. broadcast station owner, announced plans in May to acquire Tribune’s 42 TV stations in 33 markets, extending its reach to 72 percent of American households, in a $3.9 billion deal. In a joint filing by the two companies, Tribune said it will file an application to sell WGN-TV in Chicago and WPIX-TV in New York "in order to come into compliance" with FCC ownership rules.
Sinclair Broadcast Group Inc. plans to sell Chicago's WGN-TV and a New York station while placing a package of other TV stations into a trust so it can complete the proposed acquisition of Tribune Media Co. Hunt Valley-based Sinclair has been negotiating a divestiture plan with the Federal Communications Commission and the U.S. Department of Justice, both of which must provide regulatory approval to allow the Tribune deal to move forward. Sinclair's proposal filed on Wednesday with the FCC lays out how the broadcaster plans to meet the agency's ownership regulations.
Sinclair Broadcast Group Inc. said it would sell TV stations in New York, Chicago and elsewhere to meet media ownership limits as it seeks U.S. regulators’ permission to buy Tribune Media Co.
BALTIMORE, Feb. 20, 2018 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) ("Sinclair") announced that Dave Schwartz has assumed the newly created role of Vice President of Sales Operations reporting to Rob Weisbord, Chief Revenue Officer. As Vice President of Sales Operations, Mr. Schwartz will be responsible for oversight of new business revenue, lead generation, direct response/longform sales, customer analytics, and sales channel management.
Is Sinclair Broadcast Group (SBGI) a great pick from the value investor's perspective right now? Read on to know more.