Sinclair: Managing Secular Pressures Well (Upgrade)

2026-02-26 01:20:19 ET

Shares of Sinclair ( SBGI ) have been a mixed performer over the past year, losing about 5% of their value (though they pay a 7% dividend). Ongoing concern about the long-term decline of broadcasting has been a persistent pressure, especially as Sinclair’s efforts to be a consolidator have thus far made little progress with Scripps ( SSP ) refusing to engage and losing out on TEGNA ( TGNA ) to Nexstar ( NXST ). That said, its 2026 outlook was encouraging, sending shares higher in late trading Wednesday. I last covered Sinclair in November , rating the stock a “ H old,” but they are down 14% since then. With updated financials, now is a good time to revisit SBGI....

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