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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