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Sinclair Inc   (SBGI)
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Price: $12.7600 $-0.36 -2.744%
Day's High: $13.57 Week Perf: -4.99 %
Day's Low: $ 12.60 30 Day Perf: -16.49 %
Volume (M): 951 52 Wk High: $ 21.17
Volume (M$): $ 12,132 52 Wk Avg: $14.08
Open: $13.07 52 Wk Low: $9.39



 Market Capitalization (Millions $) 833
 Shares Outstanding (Millions) 65
 Employees 9,211
 Revenues (TTM) (Millions $) 3,134
 Net Income (TTM) (Millions $) -279
 Cash Flow (TTM) (Millions $) -222
 Capital Exp. (TTM) (Millions $) 92

Sinclair Inc
Sinclair Broadcast Group Inc. is a publicly-traded American telecommunications conglomerate that owns and operates a large number of television stations across the United States. Founded in 1986, Sinclair has grown significantly over the years and is now one of the largest media companies in the country.

With headquarters in Baltimore, Maryland, Sinclair currently owns and/or operates more than 190 local news stations in 88 markets throughout the US. It also owns and operates several national networks, including Ring of Honor Wrestling and Tennis Channel.

Sinclair has gained some criticism for its conservative slant in its news programming, which some feel is overly partisan. It was also criticized for mandating that its local news stations air emust-rune segments that were seen as biased and promoting right-wing views. However, Sinclair maintains that it prioritizes journalistic integrity and independence. In 2018, the company received backlash from a video in which its anchors recited the same scripted statement about the dangers of "fake news", although Sinclair responded by calling the video a promotion of journalism.

In addition to its television stations, Sinclair has also diversified its holdings in recent years. It owns the digital media and advertising company Compulse Integrated Marketing and WeatherNation, a national weather news network. The company also has a joint venture with The Chernin Group to help run STIRR, a free streaming service offering live and on-demand content.

In terms of financials, Sinclair Broadcast Group Inc. had a revenue of $6.5 billion and a net income of $501 million in 2019. The company's stock is traded on the NASDAQ under the ticker symbol "SBGI".

While Sinclair faces criticism for its perceived right-wing bias, it is an important player in the American media landscape and a significant employer in the broadcasting industry. As media consumption continues to evolve, Sinclair remains at the forefront of new technologies and trends, with a focus on local broadcasting and digital media.


   Company Address: 10706 Beaver Dam Road Hunt Valley 21030 MD
   Company Phone Number: 568-1500   Stock Exchange / Ticker: NASDAQ SBGI
   SBGI is expected to report next financial results on August 08, 2024.


   

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Product Service News

Sinclair Broadcast Group and APTS Facilitate Smooth Transition for Public TV Stations to ATSC 3.0 with Free Virtual Channel Hosting.

Published Wed, Mar 13 2024 3:00 PM UTC

Sinclair Broadcast Group, a leading American telecommunications company, has partnered with Americas Public Television Stations (APTS) to announce an innovative initiative aimed at supporting public television stations in their transition to the ATSC 3.0 standard. Sinclair will provide free virtual channel hosting to public television stations that have not yet made the swit...

Sinclair Inc

Deficit on Weak Sales in the October to December 31, 2023 Financial Span

Despite the recent financial challenges faced by Sinclair Inc, there are reasons to remain bullish on the company's future prospects. It is important to note that the loss per share of $-5.38 in the fourth quarter of 2023 was mainly driven by accounting adjustments, and not necessarily indicative of the company's operational performance. The fact that revenue increased sequentially by 7.692% from the previous quarter is a positive sign, showing that the company is making progress in its top-line growth.
Additionally, Sinclair Inc's investment in the future of broadcasting through its annual Diversity Scholarship program demonstrates the company's commitment to fostering inclusivity and talent development in the industry. This initiative not only reflects positively on the company's corporate social responsibility efforts but also positions Sinclair as a forward-thinking and innovative player in the media landscape.

Product Service News

Sinclair Broadcast Group Paves the Way for Diversity and Excellence in Broadcasting with its Annual Diversity Scholarship Program

Published Thu, Jan 11 2024 4:01 PM UTC

Sinclair Broadcast Group Invests in the Future of Broadcasting through its Annual Diversity Scholarship ProgramBaltimore, MD - Sinclair Broadcast Group (NASDAQ: SBGI), a leading American telecommunications company, has recently announced that its annual Diversity Scholarship program is now accepting applications for the 2024 school year. With a steadfast commitment to promot...

Management Changes

Interesting Sinclair's Promotions Overshadowed by Declining ROI and Industry Competition

Published Wed, Jan 10 2024 3:02 PM UTC


In a recent announcement, Sinclair, a prominent diversified media company and leader in local news and sports, revealed a series of promotions across the organization. However, this news comes at a time when the company's return on average invested assets (ROI) has experienced a significant decline.
Barry Dubin has been promoted to Senior Vice President of Enterpris...

Sinclair Inc

Sinclair Inc.'s Financial Nightmare Deepens: Record Losses Amplify Concerns for Q3 2023

Good news for investors! Despite the challenges faced by the stock market in the July to September 30, 2023 financial time-frame, there is a glimmer of hope in the Broadcasting Media & Cable TV industry. While lower demand caused dwindling revenue and increased losses for most companies, Sinclair Inc. performed admirably.
Sinclair Inc. has reported a narrower deficit of $-0.74 per share, down from the previous report of $-1.38 per share in the same period last year. Although revenue fell by -9.015% to $767.00 million year on year, it is important to note the positive growth in the remainder of the industry during the third quarter of 2023.






 

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