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I recently bought Sinclair shares on the pullback, seeing strong value ahead of industry M&A and Sinclair's strategic review. Sinclair's Ventures segment holds significant cash and investments, providing a clear path to unlock shareholder value through M&A or other strategic moves. The current M&A cycle in broadcast TV is heating up, and Sinclair is well-positioned to be a consolidator, leveraging its cash for accretive deals.
BALTIMORE--(BUSINESS WIRE)--Sinclair today announced it has awarded scholarships to 15 university students as part of its annual scholarship program. The annual Sinclair Scholarship aims to invest in the future of the broadcast industry and help students complete their education and pursue careers in journalism, digital storytelling, and marketing. Now in its twelfth year, the program has awarded a total of $431,414 in tuition assistance since its inception in 2013. This year, Sinclair awarded.
BALTIMORE--(BUSINESS WIRE)--The Triple Option, the biggest show in college football, is back for a second season. Sinclair's AMP Media today announced that Season 2 of The Triple Option video podcast hosted by Urban Meyer, Mark Ingram II, and Rob Stone returns today, delivering unparalleled insights, debate, and storytelling from some of the most recognized voices in sports. The Triple Option's new season kicks off with an exclusive sit-down with Ohio State wide receiver Jeremiah Smith, the nat.
Nexstar, the largest TV station operator in the country, will pay $22 a share for its smaller rival.
By Nicholas G. Miller Nexstar agreed to acquire its rival Tegna in a cash transaction worth $22 a share, or $6.2 billion total, in a litmus test of regulators' appetite for consolidation in the TV industry. The news comes after The Wall Street Journal reported on Monday that TV station owner Sinclair was also seeking a merger with Tegna. The Journal reported earlier this month that Nexstar was in advanced talks to buy Tegna. The purchase price is a 31% premium to Tegna's 30-day average stock price ending August 8. Operators of local TV stations, facing slipping revenue amid a decline in TV subscribers, are looking to find cost-savings through mergers, believing a merger-friendly FCC under the Trump Administration will allow them to consolidate. "The initiatives being pursued by the Trump administration offer local broadcasters the opportunity to expand reach, level the playing field, and compete more effectively with the Big Tech and legacy Big Media companies that have unchecked reach
Intel surges 5.4% pre-market after SoftBank announces a $2B investment, acquiring a 2% stake and signaling confidence in U.S. semiconductor expansion. Sinclair proposes merging its broadcast TV business with Tegna, but high combined debt and Tegna's ongoing sale talks with Nexstar complicate the deal.
Nexstar Media Group has already been in talks to buy Tegna.
BALTIMORE--(BUSINESS WIRE)--Sinclair today announced that all seasons of the multi-Emmy® and Peabody Award-winning series Homicide: Life on the Street, in addition to Homicide: The Movie, will join the fall schedule of its popular, police procedural driven, multicast network CHARGE on September 1, marking the acclaimed drama's return to broadcast television. Homicide: Life on the Street delivers an unvarnished look at the rigorous detective work of a homicide division in Baltimore. Based on the.
BALTIMORE--(BUSINESS WIRE)--Sinclair is proud to announce WKEF Dayton 24/7 has been honored by the Radio Television Digital News Association (RTDNA) with a National Edward. R. Murrow Award in the Podcast category. The Murrow Awards recognize outstanding achievements in broadcast and digital journalism. Podcast – Small Market Television Missing Niqui McCown WKEF - Dayton, OH 'Missing Niqui McCown' examines the case of missing bride-to-be Niqui McCown who vanished from Richmond, Indiana in 2001.
BALTIMORE--(BUSINESS WIRE)--Sinclair's free, over-the-air networks CHARGE, Comet, ROAR, and The Nest today announced a series of strategic national distribution agreements, channel upgrades, and new multicast affiliate launches. These moves mark the latest in Sinclair's long-term commitment to strengthening its position in the rapidly growing free broadcast-multicast TV ecosystem. Key milestones include: CHARGE: Beginning August 1, and continuing through October 1, CHARGE will add affiliates on.