SBGI Stock Recent News

BALTIMORE--(BUSINESS WIRE)--Sinclair Inc. (Nasdaq: SBGI) announced today that its CEO and President, Chris Ripley and CFO Lucy Rutishauser, are scheduled to present at the Deutsche Bank 31st Annual Leveraged Finance Conference. The presentation is scheduled for 10:00 AM MST / 1:00 PM EDT on October 3, 2023 in Scottsdale, AZ. You may access a live webcast of the event on Sinclair's Investor Relations website Events and Presentations Page. The webcast will be available for replay for a limited ti.

Sinclair owns hundreds of local news broadcasters. It went up this week because of the news around Disney and its own TV channels.

Sinclair Inc. won't buy more broadcast stations, given "over-regulation," CEO Chris Ripley says. Instead, the company will focus on tech and other growth investments.

Diamond Sports wants mediators step into its conversations with creditors as it tries to solidify a reorganization plan ahead of the NBA and NHL seasons.

Sinclair Broadcast Group Inc. wrongfully drained at least $1.5 billion from its regional-sports-network subsidiary in the years leading up to its bankruptcy, a new lawsuit alleges.

Bankrupt Diamond Sports Group has sued its parent company Sinclair Broadcast Group for fraudulently withdrawing as much as $1.5 billion from the regional sports business, according to a lawsuit made public on Wednesday.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI ) Q2 2023 Earnings Conference Call August 2, 2023 4:30 PM ET Company Participants Chris King - Vice President, Investor Relations Chris Ripley - President and Chief Executive Officer Lucy Rutishauser - Executive Vice President and Chief Financial Officer Rob Weisbord - Chief Operating Officer and President of Local Media Conference Call Participants Dan Kurnos - the Benchmark Company Aaron Watts - Deutsche Bank Steven Cahall - Wells Fargo Barton Crocket - Rosenblatt David Karnovsky - JPMorgan Benjamin Soff - Deutsche Bank Courtney Bahlman - Barclays Operator Greetings, and welcome to the Sinclair Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Sinclair (SBGI) came out with a quarterly loss of $1.09 per share versus the Zacks Consensus Estimate of a loss of $0.58. This compares to loss of $0.03 per share a year ago.

Sinclair Inc. reported an 8% year-over-year drop in total revenue to $768 million in the second quarter as losses widened and the company declared a newly intensified focus on unlocking “hidden value.” Formerly known as Sinclair Broadcast Group, the company also highlighted its recent rebrand and reorganization into two operating units.

Sinclair, Inc.'s (SBGI) second-quarter 2023 results are expected to reflect a steady decline in its political ad spending and timing of distributor renewals amid macroeconomic challenges.