SBGI earnings call for the period ending March 31, 2020.
Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (Nasdaq: SBGI) today announced that its indirect subsidiaries, Diamond Sports Group, LLC and Diamond Sports Finance Company (together, the "Issuers"), have amended their previously announced private offer to exchange (the "Exchange Offer") any and all of the Issuers' outstanding 6.625% Senior Notes due 2027 (the "Senior Notes") for newly issued 12.750% Senior Secured Notes due 2026 (the "New Secured Notes") (CUSIP/ISIN 25277LAE6 / US25277LAE65; U2527JAC9 / USU2527JAC90) and a cash payment upon the terms and conditions set forth in the Confidential Offering Memorandum, Offer to Exchange and Consent Solicitation Statement, dated as of May 12, 2020 (the "Offering Memorandum" and, together with the accompanying letter of transmittal, the "Offer Documents") to extend the early tender time through 5:00 p.m., New York City time, on June 1, 2020 (as extended hereby and subject to further extension, the "New Early Tender Time").
Sinclair Broadcast Group, Inc. (the "Company") (Nasdaq: SBGI) announced today that its in-person annual stockholders meeting, scheduled for June 4th, will also be webcast on its website, www.sbgi.net. In accordance with an Executive Order issued by Maryland Governor Larry Hogan, only 10 persons are permitted to physically attend the Company's annual meeting of stockholders, inclusive of members of the Board of Directors and management in attendance. Once capacity has been reached, no additional stockholders will be permitted to enter the annual meeting. However, if not admitted to the meeting, stockholders may still present their proxy card at the door and it will be received, delivered to the inspector of elections, and included in the tally as voted by proxy.
Sinclair Broadcast Group, Inc. (NASDAQ: SBGI), Nexstar Media Group, Inc, (NASDAQ: NXST), and The E.W. Scripps Company (NASDAQ: SSP), three of the nation's leading local television broadcasters, announce that their Las Vegas television stations began broadcasting today in NEXTGEN TV powered by ATSC 3.0. NEXTGEN TV is a new broadcasting technology delivering dramatically improved audio and video experiences for consumers and interoperability with Internet-delivered content. NEXTGEN TV is the most significant broadcast technology upgrade ever, enabling the full integration of enhanced broadcast television service into the digital and mobile lifestyles of today's consumers.
Sinclair Broadcast Group has agreed to pay a $48 million fine to the Federal Communications Commission (FCC) resolving the probe into the company's abandoned deal to buy Tribune Media in what the agency said was its largest-ever civil penalty. Sinclair Chief Executive Chris Ripley said in a statement on Wednesday the company was pleased with the resolution. "Sinclair is committed to continue to interact constructively with all of its regulators to ensure full compliance with applicable laws, rules and regulations," said Ripley, who is the company's president.
Sinclair (SBGI) delivered earnings and revenue surprises of 1450.00% and -1.36%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (Nasdaq: SBGI) today announced its indirect subsidiaries, Diamond Sports Group, LLC and Diamond Sports Finance Company (together, the "Issuers") are commencing a private exchange offer (the "Exchange Offer") for any and all of the Issuers' outstanding 6.625% Senior Notes due 2027 (the "Senior Notes") for newly issued 12.750% Senior Secured Notes due 2026 (the "New Secured Notes") (CUSIP/ISIN 25277LAE6 / US25277LAE65; U2527JAC9 / USU2527JAC90) and a cash payment on the terms and subject to the conditions set forth in a Confidential Offering Memorandum, Offer to Exchange and Consent Solicitation Statement, dated as of May 12, 2020 (the "Offering Memorandum" and, together with the accompanying letter of transmittal, the "Offer Documents").
The federal government has fined Sinclair Broadcasting Corp. $48 million, largely because of actions the TV broadcaster took in its failed attempt to acquire smaller rival Tribune Media.
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.
Sinclair Broadcast Group has agreed to pay a $48 million fine to the Federal Communications Communication to close investigations related to its attempted merger with Tribune Media. The FCC said in its announcement that this is the largest civil penalty paid by a broadcaster in the agency’s history. It added that Sinclair will also have to "abide by a strict compliance plan in order to close three open investigations."
Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) congratulates 18 of its news stations and partner stations for being honored with the prestigious National Edward R. Murrow Award for outstanding journalism. Among the winners are: WBFF (Baltimore, MD), KOMO (Seattle, WA), WICS (Springfield, IL), KTUL (Tulsa, OK), WJLA (Washington, DC), KRCG (Jefferson City, MO), WPMI (Mobile, AL), WHAM (Rochester, NY), WJAR (Providence, RI), WSET (Lynchburg, VA), KATV (Little Rock, AR), KMPH (Fresno, CA), KTXS (Abilene, TX), WSTM (Syracuse, NY), KEYE (Austin, TX), KBAK (Bakersfield, CA), WCIV (Mt. Pleasant, SC) and WPDE (Florence, SC). The Edward R. Murrow Awards honor local and national newsrooms with outstanding achievements in broadcast and digital journalism.
Chris Ripley has been the CEO of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) since 2017. This report will, first...
(Bloomberg) -- Sinclair Broadcast Group Inc. is asking holders of notes it sold less than a year ago to exchange them at deeply discounted prices for new securities with a higher coupon, according to a statement Tuesday.The firm is offering holders of its $1.8 billion of 6.625% notes due 2027 new 12.75% secured securities due in 2026. Participants who swap their bonds by May 26 would receive $467 worth of new notes and $133 in cash for every $1,000 of principal they turn in.The broadcaster is seeking to tame its balance sheet less than a year after it took on new debt to acquire regional sports networks from Walt Disney Co. That debt, sold out of an entity called Diamond Sports in July 2019, has plunged as Sinclair struggled to ink a deal with providers like Dish Network Corp. to carry the channels and the Covid-19 pandemic halted most live sports.The bonds Sinclair is seeking to swap changed hands on Monday for 52.375 cents on the dollar, according to Trace bond pricing data. A slug of secured bonds it sold to fund the acquisition, which aren’t eligible for the exchange, are trading at around 68.75 cents.Holders have until midnight on June 9 in New York to agree to the exchange. Those that swap their holdings by May 26 are eligible for an early participation premium.For 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.
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three months ended March 31, 2020.
Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) today announced a new public service initiative, in partnership with the University of Maryland School of Medicine (UMSOM), to provide consumers with important and timely news and information about the Coronavirus (COVID-19).
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the directors and officers of Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) violated their fiduciary duties in connection with Sinclair’s failed acquisition of Tribune Media.
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), ("the Company," "Sinclair") is pleased to announce that Tige Jones has been named Station Manager of KHQA (CBS) in Quincy, IL. In addition, Rick Lipps, currently General Manager Champaign/Springfield/Decatur, Illinois, will now expand his territory to oversee the Quincy, IL/Hannibal, MO/Keokuk, IA market
Shares of Sinclair Broadcast Group (NASDAQ:SBGI) were flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were up 512.00% over the past year to $1.53, which may not compare to the estimate of $0.02.Revenue of $1,609,000,000 higher by 122.82% from the same period last year, which missed the estimate of $1,650,000,000.Outlook Earnings guidance hasn't been issued by the company for now.Q2 revenue expected to be between $1,398,000,000 and $1,440,000,000.How To Listen To The Conference Call Date: May 06, 2020View more earnings on SBGITime: 04:03 PM ETWebcast URL: http://sbgi.net/investor-relations/EarningsWebcastRecent Stock Performance 52-week high: $66.57Company's 52-week low was at $10.57Price action over last quarter: down 33.40%Company Overview Sinclair Broadcast Group is the second- largest television station operator in the U.S., with 191 stations in 89 markets. Of the firm's 607 channels, 154 are affiliated with the four national broadcasters--Fox (59), ABC (41), CBS (30), and NBC (24)--with another 86 channels on networks aligned with CBS (47 CW channels) and Fox (39 MyNetworkTV channels). Via the 2019 purchase of Fox Sports Networks from Disney, Sinclair is now the largest owner or operator of regional sports networks with 14 Fox-branded RSNs covering 42 NBA, MLB, and NHL teams along with the new home of the Chicago Cubs, Marquee Sports Network. The firm also owns the Tennis Channel, four multicast networks, and professional wresting promotion Ring of Honor.See more from Benzinga * Ampco-Pittsburgh: Q1 Earnings Insights * Recap: Norbord Q1 Earnings * Scorpio Tankers: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Shareholder rights law firm Robbins LLP reminds investors it is investigating whether certain officers and directors of Sinclair Broadcast Group Inc. (NASDAQ: SBGI) breached their fiduciary duties to shareholders. Sinclair is a television broadcasting company in the United States.
Investors need to pay close attention to Sinclair (SBGI) stock based on the movements in the options market lately.