SBGI - Sinclair: Despite Key Catalysts Long-Term Issues Are A Problem
2024-06-08 08:00:00 ET
Summary
- Sinclair is a diversified media company with a complex structure and a market capitalization of $831 million.
- The company's Local Media segment, which includes broadcast television stations, has seen a decline in revenue and profits.
- The Tennis segment, which includes Tennis Channel, has shown some strength with an increase in revenue and subscribers.
- There are some catalysts for upside, but the longer-term outlook is uncertain.
One company that I have been aware of for a long time now, but have never dug deep into, is Sinclair ( SBGI ). Operationally speaking, the company serves as the parent of Sinclair Broadcast Group, which is a diversified media company that provides content not only on its local television stations, but also on its digital platform. In recent years, the company has undergone a number of changes. This makes analyzing it rather complicated. It also has many working parts for a business that has a market capitalization of only $831 million. This complexity likely makes it difficult for many investors to understand. But with that uncertainty can come opportunity....
Sinclair: Despite Key Catalysts, Long-Term Issues Are A Problem