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Among the Supreme Court decisions issued today was one that allows the Federal Communications Commission to relax limits on media ownership - the culmination of a long-running battle between the broadcasting industry and many lawmakers looking to keep strict caps. The Trump-era FCC in 2017 el...
Sinclair Broadcast Group (SBGI) has closed a partial refinancing and extension of credit facilities for its Sinclair Television Group unit. Among other changes, the amendment provides an extension of maturity for part of its existing term loan B-1 tranche, which has a maturity date of Jan. 3,...
Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), has entered into the Third Amendment (“Third Amendment”) to its ...
Bally's Corporation deal with Sinclair became active today with the rebranding of the former Fox Regional Sports Networks. Initial financial estimates show the deal should be a substantial positive to Bally's under just about any projection. However, the surge in the stock, up 120...
Sinclair's 2020 operating profit surge was partly COVID-induced, partly election-induced, and partly accounting mirage. The long-term profit run rate, which I previously calculated at $150 million, now appears more like $80 million per year. That is not enough to justify the curre...
Sinclair Broadcast Group (SBGI) and Bally's (BALY) have formally rebranded Sinclair's regional sports networks as Bally Sports. Those networks were previously the Fox RSNs, before a forced divestiture by Disney when it took over Fox's media assets. The rename comes in time for the start of th...
Next Generation of Bally Sports is the First of Many Milestones within the Sinclair and Bally’s Partnership Today, Sinclair Broadcast Group (NASDAQ: SBGI) and Bally's Corporation (NYSE: BALY) announced the official rebrand of its regional sports networks (RSNs) as Bal...
ATSC 3.0 Comes to India Sinclair Broadcast Group, Inc. (“Sinclair”) (Nasdaq: SBGI) and ONE Media 3.0, LLC (“ONE Media”) applaud the Telecom Standards Development Society, India (TSDSI) and the Advanced Television Systems Committee (ATSC) for signi...
Sinclair Broadcast Group's (SBGI) wholly-owned subsidiary, Sinclair Television Group intends to amend and extend the existing term loan B-1 tranche under its credit agreement.It includes the incurrence of new term loans in order to refinance such term loan B-1 tranche with such new term ...
Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), intends to amend and extend the existing term loan B-1 tranche under its credi...
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Committed to Diversity, Sinclair Honors High Achieving Students Nationwide Sinclair today announced that the company has awarded scholarships to 12 university students as a part of its annual Diversity Scholarship program. The annual Sinclair Broadcast Group Diversity Scholarship ...
NewsON, the nation’s largest, free multiplatform streaming service for local news content, is pleased to announce it has added eight new stations to its lineup in partnership with News Press & Gazette (NPG). The following NPG stations are now available to stream via NewsON: K...
Sinclair, Inc. (Nasdaq: SBGI) will report its second quarter 2024 earnings results at 4:00 p.m. ET on Wednesday, August 7, 2024, followed by a conference call to discuss the results at 4:30 p.m. ET. The call will be webcast live and can be accessed at www.sbgi.net under the subtitle " I...