US8292421067 - Common Stock
SINCLAIR INC
NASDAQ:SBGI (11/21/2024, 8:00:02 PM)
Premarket: 17.24 +0.07 (+0.41%)17.17
+0.67 (+4.06%)
Sinclair, Inc. is a media company that engages in providing content on local television stations and digital platforms. The company is headquartered in Hunt Valley, Maryland and currently employs 7,300 full-time employees. The company went IPO on 2011-01-14. The firm operates through two segments: Local Media, and Tennis. Its Local Media segment is comprised of its television stations. The company produces more than 2,400 hours of news per week at 115 stations in 73 markets. Its Tennis segment primarily consists of Tennis Channel, a cable network which includes coverage of many of tennis' top tournaments and original professional sports and tennis lifestyle shows. Its content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and the streaming aggregator of local news content, NewsON. The firm owns, operates and provides services to 185 television stations in 86 markets affiliated with all the various broadcast networks, and owns Tennis Channel and multicast networks Comet, CHARGE!, TBD., and The Nest. The firm also owns and provides services to 21 regional sports network brands.
SINCLAIR INC
10706 Beaver Dam Road
Hunt Valley MARYLAND 21030
P: 14105681711
CEO: Christopher S. Ripley
Employees: 7300
Website: https://sbgi.net/
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how broadcasting stocks fared in Q3, starting with Paramount (NASDAQ:PARA).
Diamond Sports Group won court approval of a restructuring plan that hands control of the bankrupt sports broadcaster to lenders and blesses a multi-year agreement to stream games on Amazon.com Inc.’s Prime Video channels.
Television broadcasting and media company Sinclair (NASDAQ:SBGI) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 19.6% year on year to $917 million. Next quarter’s revenue guidance of $1.01 billion underwhelmed, coming in 2.4% below analysts’ estimates. Its GAAP profit of $1.43 per share was 41.4% above analysts’ consensus estimates.
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