SBGI - Sinclair Broadcast Group, Inc.
33.50 0.00 (0.00%)
After hours: 7:54PM EDT
| Previous close | 32.90 |
| Open | 33.10 |
| Bid | 33.00 x 4000 |
| Ask | 34.25 x 1800 |
| Day's range | 32.98 - 33.85 |
| 52-week range | 26.50 - 40.15 |
| Volume | 1,590,955 |
| Avg. volume | 1,424,793 |
| Market cap | 3.425B |
| Beta | 1.58 |
| PE ratio (TTM) | 5.86 |
| EPS (TTM) | 5.72 |
| Earnings date | 8 Aug 2018 |
| Forward dividend & yield | 0.72 (2.44%) |
| Ex-dividend date | 2018-03-08 |
| 1y target est | 46.57 |
- Bloomberg•7 days ago
FCC Plans Rule Change Before Court Can Upend Sinclair Bid, Sources Say
The Federal Communications Commission intends to update limits on television station ownership in July, acting before judges can rule in a case that could affect Sinclair Broadcast Group Inc.’s proposed purchase of Tribune Media Co., two people briefed on the matter said. FCC Chairman Ajit Pai is poised to schedule a July 12 vote on altering rules that cap broadcasters’ reach at 39 percent of the national audience, according to the people, who who spoke on condition of anonymity because the proposal hasn’t been made public. The U.S. Court of Appeals for the D.C. Circuit in Washington is considering a challenge to the existing rules and a fresh set of ownership restrictions could derail that case, which threatens the $3.9 billion Sinclair-Tribune deal.
- Zacks•8 days ago
Should Value Investors Pick Sinclair Broadcast Group (SBGI) Stock?
Is Sinclair Broadcast Group (SBGI) a great pick from the value investor's perspective right now? Read on to know more.
- Reuters•last month
FCC seeks new comments on proposed Sinclair Tribune merger
The U.S. Federal Communications Commission said on Monday it wants additional comments on Sinclair Broadcast Group Inc's (SBGI.O) planned $3.9 billion (£2.9 billion) acquisition of Tribune Media Co (TRCO.N) and disclosed it does not expect to make a decision before July 12. Sinclair said in April it would divest 23 television stations in a bid to win government approval but would still need FCC permission to own more than one station in some markets. The FCC will take comments and responses through July 12.
- Zacks•last month
Nielsen Ties Up With CBS to Focus on Addressable Advertising
Nielsen (NLSN) collaborates with CBS to bring Dynamic Ad Insertion to live linear national broadcast television.
- Associated Press•last month
Business Highlights
Walmart is making a $16 billion bet on India's booming economy. Walmart and Amazon have been fighting to catch up. Major companies could see billions of dollars in commercial deals canceled because of the U.S. decision to reinstall sanctions on Iran, experts say.
Associated Press•last monthSinclair to sell 7 TV stations to Fox to win regulatory OK
NEW YORK (AP) — Media company Twenty-First Century Fox has agreed to buy seven TV stations from Sinclair Broadcast Group for $910 million.
- The Wall Street Journal•last month
[$$] Sinclair to Raise $1.5 Billion by Selling Stations
The Tribune Media purchase, which has faced regulatory scrutiny, was originally valued at $3.9 billion when it was announced in May 2017. Wednesday, Sinclair said the combined company will reach 62% of U.S. TV households if the deal closes, well below the 72% of U.S. TV households that was originally expected.
Reuters•last monthFox to buy seven TV stations from Sinclair for about $910 million
Twenty-First Century Fox Inc said on Wednesday it agreed to buy seven television stations from Sinclair Broadcast Group Inc for about $910 million. The company said the deal would grow Fox Television Stations' ...
- Reuters•last month
Fox to buy seven TV stations from Sinclair for about $910 million
(Reuters) - Twenty-First Century Fox Inc (FOXA.O) said on Wednesday it agreed to buy seven television stations from Sinclair Broadcast Group Inc (SBGI.O) for about $910 million (670 million pounds). The ...
- Associated Press•last month
Sinclair: 1Q Earnings Snapshot
The Hunt Valley, Maryland-based company said it had profit of 42 cents per share. Earnings, adjusted for non-recurring costs, came to 46 cents per share. The results did not meet Wall Street expectations. ...
- MarketWatch•last month
Sinclair says Fox unit is one of the purchasers of TV stations being sold as part of Tribune deal
Sinclair Broadcast Group Inc. said Wednesday that Fox Broadcasting Co. is a purchaser, along with Standard Media Group, LLC (an affiliate of Standard General L.P.), Meredith Corporation , Howard Stirk and Cunningham Broadcasting Corporation, of certain TV stations it is selling as part of its acquisition of Tribune Media Co., in a deal valued at $4.6 billion after divestitures. Sinclair said in April it was selling about 23 stations to a group of buyers, one of which was not disclosed at the time.
- Forbes•2 months ago
Meet The Billionaire Clan Behind The Media Outlet Liberals Love To Hate
David Smith, the chairman and former CEO of the Sinclair Broadcasting Group, has grown his father's company into one of the nation's largest station operators. The family behind Sinclair Broadcasting Group has gotten very rich building the media company that has, of late, sparked ire in liberals and left-leaning media. The Smith family, which includes brothers David, Robert, Frederick, J. Duncan and a flurry of family trusts, is worth a combined $1.2 billion, Forbes estimates, based on the family members’ ownership of stock in publicly traded Sinclair Broadcasting, share sales over the past 15 years, dividends and some private assets.
- Forbes•2 months ago
What If Larry David Covered The 2018 Advertising Upfronts?
APRIL 18: CEO, National Geographic Global Networks Courteney Monroe announces the subject of the third season of Genius, Mary Shelley, during National Geographic's FURTHER Front immersive experience where the network took over a SoHo townhouse to unveil their upfront 2018-2019 slate on April 18, 2018 in New York City. There are a lot of terrific things about the TV advertising Upfronts (and Digital Content NewFronts) that formally begin next week: previews of the newest developments in the business, lots of hope for the future, big-time stars, and old-fashioned analog schmoozing. There are a lot of important initiatives driving (hopefully) the best of digital media’s characteristics of data-driven precision audience segmentation, targeting and delivery to the world of TV and it’s still-mass scale and the emotional power of sight, sound, and motion.
- Zacks•2 months ago
What's in the Offing for Nielsen (NLSN) in Q1 Earnings?
Nielsen (NLSN) first-quarter results are likely to be driven by strengthening product portfolio and strategic partnerships.
- The Wall Street Journal•2 months ago
[$$] Sinclair to Sell TV Stations in Bid to Secure Tribune Deal Approval
Sinclair Broadcast Group Inc. has reached deals to sell 23 television stations in 18 markets as it works to get regulators to sign off on its purchase of Tribune Media Co.
- Associated Press•2 months ago
Sinclair Broadcast Group to sell 9 TV stations for $441.7M
NEW YORK (AP) — Sinclair Broadcast Group will sell nine TV stations to Standard Media Group for $441.7 million as part of its plan to meet regulatory approval for its pending $3.9 billion acquisition of Tribune Media.
- Bloomberg•2 months ago
Sinclair Climbs After Issuing Station Plan That Keeps WPIX
Sinclair Broadcast Group Inc. rose after releasing a revised plan to sell TV stations and satisfy regulators vetting its $3.9 billion purchase of Tribune Media Co., saying it would keep New York’s WPIX ...
- Bloomberg•2 months ago
Sinclair Drops as Judges Question Rule Leading to Tribune Deal
Sinclair Broadcast Group Inc. dropped after judges questioned a rule change that made way for the broadcaster’s proposed acquisition of Tribune Media Co., raising the possibility of turmoil for the $3.9 billion deal. Judges at the U.S. Court of Appeals for the D.C. Circuit questioned why the Federal Communications Commission had reinstated a rule allowing owners of some TV stations to count just part of their audience when tallying holdings against a national limit of 39 percent. The issue is important to Sinclair’s proposed purchase of Tribune, which would leave it covering 72 percent of U.S. households -- or about 45 percent when counting half the audience as allowed under the embattled rule.
- Forbes•2 months ago
Focus On Broadcasting At NAB This Year As The Show Returns To Its Roots
NAB returned to its local broadcasting roots this year, with much chatter about ATSC 3.0 and the growth of automated ad buying for local broadcasters
- The Wall Street Journal•2 months ago
[$$] Sinclair Faces Federal Resistance Over Proposed Purchase of Tribune Media
Sinclair Broadcast Group is encountering resistance from the Federal Communications Commission as it seeks approval for its $3.9 billion acquisition of Tribune Media.
- Associated Press•2 months ago
Sinclair television stations release video attacking CNN
NEW YORK (AP) — The Sinclair Broadcast Group attacked CNN on Tuesday for what it considers hypocrisy about the chain's recent directive to local news anchors to read a message to viewers denouncing fake news.
- Business Insider UK•2 months ago
Sinclair television stations release video attacking CNN
The Sinclair Broadcast Group is attacking CNN for what it considers hypocrisy about its directive to local news anchors to read a message denouncing fake news. News websites for local television stations owned by Sinclair on Tuesday posted a link to a four-minute video critical of CNN. The video calls the network reprehensible for reporting on a video message that Sinclair compelled its news anchors to read in recent weeks.
- Business Insider UK•2 months ago
Sinclair television stations release video attacking CNN
The Sinclair Broadcast Group is attacking CNN for what it considers hypocrisy about its directive to local news anchors to read a message denouncing fake news. News websites for local television stations owned by Sinclair on Tuesday posted a link to a four-minute video critical of CNN. The video calls the network reprehensible for reporting on a video message that Sinclair compelled its news anchors to read in recent weeks.
