SBGI - Sinclair Broadcast Group, Inc.
28.20 0.00 (0.00%)
After hours: 4:08PM EST
| Previous close | 28.95 |
| Open | 27.95 |
| Bid | 28.21 x 800 |
| Ask | 28.23 x 800 |
| Day's range | 27.47 - 28.40 |
| 52-week range | 27.47 - 66.57 |
| Volume | 1,744,027 |
| Avg. volume | 1,255,605 |
| Market cap | 2.581B |
| Beta (5Y monthly) | 0.98 |
| PE ratio (TTM) | 12.65 |
| EPS (TTM) | 2.23 |
| Earnings date | 25 Feb 2020 |
| Forward dividend & yield | 0.80 (2.57%) |
| Ex-dividend date | 26 Nov 2019 |
| 1y target est | 45.22 |
- Bloomberg
Sinclair Nears Sports Streaming Deal With Deltatre
(Bloomberg) -- Video streaming service Deltatre is nearing a deal with Sinclair Broadcast Group Inc. to be the digital video provider for the 21 regional sports networks that the broadcaster bought last year from Walt Disney Co., according to two people familiar with the talks.Deltatre would provide the underlying technology for live sports broadcasts across the various networks, according to the people, who asked not to be identified because the negotiations are private. Financial details weren’t disclosed.Sinclair and Bruin Sports Capital, which owns Deltatre, didn’t immediately respond to requests for comment.If completed, the deal could boost the value of Deltatre at a time when its owners are considering a sale. Bloomberg News reported in December that Bruin was exploring strategic options for the company, including the possibility of a sale valuing the company at $1 billion or more.Deltatre’s current clients include the National Football League, Major League Baseball, European soccer governing body UEFA, and Discovery Inc. The company is based in Turin, Italy.Last year, Sinclair agreed to pay $9.6 billion for the 21 regional sports networks, or RSNs, that were once part of the Fox sports empire. Disney had agreed to sell the networks as part of its already-completed acquisition of 21st Century Fox Inc.’s entertainment assets.The networks, which cover cities like New Orleans, Detroit and Indianapolis, have local rights to more than 40 pro teams in the NHL, NBA and MLB, plus rights to smaller leagues and clubs. They had about 74 million subscribers and generated $3.8 billion in revenue in 2018.The talks come as MLB teams prepare to take back the local streaming rights to their games, long controlled by the league as a whole. That change could eventually give team RSNs -- or other partners -- the right to build digital offerings that don’t require local fans to have a cable subscription.Sinclair also recently purchased a 20% stake in the YES Network, the New York Yankees’ RSN, and will soon launch Marquee Sports Network, an RSN it co-owns with the Chicago Cubs. As of right now, those two networks aren’t involved in the Deltatre deal.\--With assistance from Gerry Smith.To contact the reporters on this story: Eben Novy-Williams in New York at enovywilliam@bloomberg.net;Scott Soshnick in New York at ssoshnick@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Simply Wall St.
Is Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) An Attractive Dividend Stock?
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- Reuters
FCC orders station groups to negotiate with AT&T in DirecTV dispute
The Federal Communications Commission on Friday said it was directing broadcast station groups to go to the negotiating table over whether to allow local stations to air on AT&T Inc's DirectTV after some consumers have been without access for five months. In June, AT&T filed a bad faith complaint against nine individual station owners, which collectively pulled 20 stations in 17 cities from DIRECTV, DIRECTV NOW and/or U-verse. The nine station groups are either managed or controlled by Sinclair Broadcast Group, AT&T said.
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Sinclair (SBGI) Beats Q3 Earnings and Revenue Estimates
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TV mogul on partnership with Sinclair Broadcast Group: 'We can put politics aside'
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Analysts Estimate Sinclair (SBGI) to Report a Decline in Earnings: What to Look Out for
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Motley FoolSinclair Broadcast Group Inc (SBGI) Q2 2019 Earnings Call Transcript
SBGI earnings call for the period ending June 30, 2019.
- Zacks
Sinclair (SBGI) Tops Q2 Earnings Estimates
Sinclair (SBGI) delivered earnings and revenue surprises of 6.06% and -0.19%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Zacks
Sinclair (SBGI) Reports Next Week: Wall Street Expects Earnings Growth
Sinclair (SBGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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AT&T Opens New Revenue Streams as It Works to Cut Debt
AT&T; became the first major mobile operator to offer a service that automatically blocks unwanted calls. This service has also opened a new revenue stream as the company works to reduce its debt.
- Simply Wall St.
Read This Before Buying Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Shares
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