|Bid||0.00 x 1100|
|Ask||0.00 x 1100|
|Day's range||29.71 - 30.68|
|52-week range||25.13 - 40.00|
|Beta (3Y monthly)||1.10|
|PE ratio (TTM)||5.43|
|Earnings date||27 Feb 2019|
|Forward dividend & yield||0.80 (2.66%)|
|1y target est||36.60|
, a self-described progressive activist and advocate who worked on President Obama’s 2012 re-election campaign, will host a new daily commentary segment for Sinclair starting in February. , who worked on President Trump’s 2016 campaign team and serves as Sinclair’s chief political analyst.
In a story Jan. 16 about Sinclair Broadcast's new streaming service, The Associated Press reported erroneously on the company's ownership of national television networks and channels. The company runs smaller national broadcasting networks such as TBD and Charge and also owns The T, an online tennis channel. Sinclair Broadcast, the nation's largest owner of television stations, is launching a free, ad-supported streaming service.
Sinclair Broadcast (SBGI) launches free streaming service, STIRR, which showcases local news, sports, entertainment and on-demand content.
Local TV broadcasting company Sinclair Broadcast Group today announced the launch of a new streaming service called STIRR that aims to bring local TV news and other content to the growing number of cord cutters across the U.S. The company today owns over 190 TV stations, which it's leveraging in order to create its own "skinny bundle." However, unlike TV streaming services such as Sling TV, PlayStation Vue, Hulu with Live TV, or YouTube TV, for example - STIRR will be free and ad-supported instead of a paid subscription. The service will offer access to national news, sports, entertainment and digital-first channels and a video-on-demand library in addition to its local content, which serves as the anchor for the new service.
Investors need to pay close attention to Sinclair Broadcast (SBGI) stock based on the movements in the options market lately.
The New York Yankees are in talks with Amazon.com Inc. and broadcaster Sinclair Broadcast Group Inc. about partnering to bid for the team’s regional sports network YES, according to people familiar with the matter. The Yankee Entertainment and Sports Network LLC, which carries Yankee baseball and Brooklyn Nets basketball, is among the 21st Century Fox Inc. assets that Walt Disney Co. is required to sell for the government to approve its purchase of the majority of the company. The Yankees own 20% of YES and have first dibs on acquiring the remaining 80%.
The New York Yankees are reportedly pursuing Amazon and Sinclair Broadcast to partner on a multibillion-dollar bid for the YES Network.
Netflix (NFLX) drops a few Marvel series from its platform but its award-winning content portfolio will likely keep users engaged.
NEW YORK, Dec. 06, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Nexstar Media Group Inc. confirmed it plans to acquire Tribune Media Co. in a deal that would make the company the largest operator of local television stations in the country. Nexstar, based in Irving, Texas, said Monday it will pay $46.50 a share in cash for Tribune Media’s outstanding stock for a total outlay of about $4.1 billion. Nexstar valued the deal at about $6.4 billion including debt.
Nexstar Media Group will acquire to Tribune Media, a deal which would make it the largest regional U.S. TV station operator.
Bidding has begun for the 22 regional sports TV networks Disney acquired from Twenty-First Century Fox.
A group of six television station owners on Tuesday agreed to settle Justice Department charges that they used third-party firms to illegally coordinate on sales of local advertising spots. Sinclair Broadcast Group Inc., Tribune Media Co., Raycom Media Inc., Meredith Corp., Griffin Communications LLC and Dreamcatcher Broadcasting LLC all agreed to consent decrees that bar them from sharing certain competitively sensitive information for seven years, according to documents filed Tuesday with the U.S. District Court for the District of Columbia. Court documents filed Tuesday didn’t indicate any financial penalties for the station owners.
Sinclair (SBGI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Sinclair Broadcast Group Inc. has agreed to a settlement with the Justice Department over the sharing of information between television-station owners that raised antitrust concerns. In June, The Wall Street Journal reported the Justice Department was investigating whether Sinclair and certain other local station owners violated antitrust law by sharing advertising sales data, potentially leading to higher ad prices. Sinclair said the settlement, which it revealed in its quarterly earnings report Wednesday, doesn’t represent an admission of wrongdoing and doesn’t subject the company to monetary damages or penalties.
Sinclair (SBGI) delivered earnings and revenue surprises of 10.71% and 2.27%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?