The share price of Sinclair Broadcast Group Inc. (NASDAQ:SBGI) fell to $17.85 per share on Thursday from $18.74. While Sinclair Broadcast Group Inc. has underperformed by -4.75%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SBGI fell by -44.74%, with highs and lows ranging from $32.95 […]
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Helpdesk Technician Unlawfully Fired Because of Disability, Federal Agency Charges - BALTIMORE– Sinclair Broadcast Group, Inc. violated federal law when it discriminated against an employee because of disability, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit it announced today…. By: U.S. Equal Employment Opportunity Commission
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Sinclair Broadcast Group''s (SBGI) Bally Sports+ streaming service entered wide availability Monday, launching across all 19 of the company''s regional sports network brands
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Major U.S. sports leagues are considering a buyout of Diamond Sports - the nation''s biggest owner of regional sports TV networks that''s part of Sinclair Broadcast Group (SBGI), the New…
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Rosenblatt analyst Barton Crockett upgraded Nexstar Media Group Inc (NASDAQ: NXST ) from Neutral to Buy and raised the price target from $181 to $246. After reviewing his stance on TV stations, he sees a "surprising opportunity" in mix-driven ad resilience, hedges to cord-cutting, and new revenues from next-gen transmission tech capable of supporting growth for "sector leader" Nexstar, even in a recessionary environment. Crockett retained Sinclair Broadcast Group, Inc''s (NASDAQ: SBGI ) Neutral rating and $24 … Full story available on Benzinga.com
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The top-10 MY22 showed net gains ranging from 13.68%-51.96% by CB, ICE, PARA, AVGO, SBGI, CNHI, DTEGY, HRI, HAL, and TSM.
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Sinclair Broadcast Group’s new sports streaming service, Bally Sports+, is on track to grow to as many as 10 million subscribers and expects to draw a young audience interested in interactive features, the head of the Baltimore-based company said Thursday.
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Penn Entertainment (NASDAQ: PENN ), the gaming company previously known as Penn National Gaming, will exercise its rights to buy 100% of Barstool Sports, the sports blogging company. PENN stock was virtually unchanged on the news, trading at about $36 per share. Penn had bought 36% of Barstool in early 2020 for $163 million. It has since used the name for its digital sportsbook. It stood by founder Dave Portnoy when he faced allegations of sexual abuse early this year. Portnoy has denied the accusations. The company has a market cap of $5.6 billion. The company earned $26.1 million, or 15 cents per share, on revenue of $1.63 billion in its most recent quarter. Content Is King Penn is in a marketing battle for online gamblers against well-capitalized competitors like Caesar’s Entertainment (NASDAQ: CZR ), Flutter Entertainment (OTCMKTS: PDYPY ) and DraftKings (NASDAQ: DKNG ). Content is a key battleground. The hope is that Barstool’s edgy blog posts and Portnoy’s personality can draw young gamers to its brands for less than the cost of national advertising.
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Sinclair Broadcast Group (SBGI) is officially launching its sports streaming service Sept
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Sinclair Broadcast Group (Nasdaq: SBGI) is proud to announce WGME in Portland, ME and KOMO in Seattle, WA have been honored by the Radio Television Digital News Association (RTDNA) with National Edward R. Murrow Awards. The Murrow Awards honor outstanding achievements in broadcast and digital journalism. WGME was honored for Overall Excellence in the Small Market Television category and KOMO’s
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This summer, Sinclair Broadcast Group partnered with Feeding America to launch Sinclair Cares: Summer Hunger Relief, a fundraising campaign to help provide meals to children and families across the U.S. The campaign ran throughout June and July, the months that are often the most challenging for the families of 22 million children struggling to put food on the table and relying on schools for
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BALTIMORE & CHICAGO--(BUSINESS WIRE)--This summer, Sinclair Broadcast Group partnered with Feeding America® to launch Sinclair Cares: Summer Hunger Relief, a fundraising campaign to help provide meals to children and families across the U.S. The campaign ran throughout June and July, the months that are often the most challenging for the families of 22 million children struggling to put food on the table and relying on schools for their meals. Through financial contributions to Feeding America,
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The following slide deck was published by Sinclair Broadcast Group, Inc.
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Sinclair Broadcast Group, Inc. (NASDAQ:NASDAQ:SBGI) Q2 2022 Earnings Conference Call August 03, 2022, 09:00 ET Company Participants Lucy Rutishauser - EVP & CFO Billie Jo McIntire -…
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The Hunt Valley company expects contested mid-term elections and ballot initiatives on guns, abortion and gambling to boost ad spending through the rest of the year.
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Sinclair Broadcast Group (NASDAQ: SBGI ) reported its Q2 earnings results on Wednesday, August 3, 2022 at 07:30 AM. Here''s what investors need to know about the announcement. Earnings Sinclair Broadcast Group reported an EPS of $-0.03. Revenue was down $775.00 … Full story available on Benzinga.com
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Gainers: Amazon.com (AMZN) +27%. American Superconductor (AMSC) +11%
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Sinclair Broadcast Group (Nasdaq: SBGI) today announced that the company has awarded scholarships to 17 university students as a part of its annual Diversity Scholarship program. Having provided more than $250,000 in tuition assistance since 2013, the scholarship program aims to invest in the future of the broadcast industry and help students from diverse backgrounds, who reflect Sinclair’s
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BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (NASDAQ: SBGI) is pleased to announce WJLA in Washington DC and WBFF in Baltimore were honored with a total of 28 Emmy® Awards by the National Capital Chesapeake Bay Chapter of the National Academy of Television Arts & Sciences. WJLA received a total of 11 Emmy Awards including Best News Special for its coverage of 9/11 Twenty Years Later, Best Breaking News for its coverage on January 6 from the Capitol and Best Weather Talent, Chief Met
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Softbank Group Corp (OTC: SFTBY ) (OTC: SFTBF ) SoftBank Group International named SBGI Managing Partner Alex Clavel as CEO, effective June 30. Clavel, a seven-year veteran in the company, succeeded Michel Combes, who departed to pursue new opportunities after five years in the company. Combes had assumed the CEO position five months back, succeeding former SoftBank COO Marcelo Claure. Claure
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TOKYO — Japan’s SoftBank Group Corp said on Wednesday it has appointed Alex Clavel as chief executive of its SoftBank Group International (SBGI) unit, replacing Michel Combes who leaves after just six months in the role. SoftBank transformed the tech industry with big bets on late-stage startups but the conglomerate has turned over much of […]
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SoftBank Group Corp.’s Michel Combes is leaving his post as head of overseas arm SoftBank Group International (SBGI) five months after taking on the role vacated by former SoftBank Chief Operating Officer Marcelo Claure.
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Sinclair Broadcast Group (SBGI) is reportedly looking to soft-launch its new local sports streaming service Thursday, with a full launch still yet to come in the fall
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Japan’s SoftBank Group Corp said on Tuesday it has named Alex Clavel as the chief executive of its SoftBank Group International (SBGI) unit, replacing Michel Combes. The SBGI division runs the company’s flagship SoftBank Vision Funds as well as all other operations outside Japan. Clavel, who is at present a managing partner at SBGI, will […]
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Michel Combes to Step Down After Five Years at SoftBank Clavel Brings Years of Global SoftBank Experience to the Role TOKYO — SoftBank Group Corp. (“SoftBank”) today announced that Alex Clavel, currently Managing Partner at SoftBank Group International (“SBGI”), has been appointed as Chief Executive Officer of SBGI, effective June 30, 2022. Mr. Clavel will […]
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Source: Burdun Iliya / Shutterstock.com A year ago, I placed a small wager on FuboTV (NYSE: FUBO ) after deciding its plan for a sports-oriented cable replacement backed by gambling looked like a winner. I lost the bet. FUBO stock is down more than 90% over the past 12 months and is now in penny stock territory. Trading around $2.70 a share, the company’s market cap is now less than $500 million. Fubo looks FUBAR. All the growth that made FUBO stock appear attractive a year ago is still there. Revenue was up 144% in 2021, excluding the acquisition of streaming platform Molotov. FuboTV even managed to nearly double its revenue in the first quarter of 2022, compared with the year-ago quarter, despite economic headwinds. The company has ample cash to sustain its current losses through 2022. And CEO David Gandler is buying the stock, professing the utmost confidence in the company. Yet, I’d bet that investors who take a position in FUBO stock now will have little to no profit to show for it by the end of the year.
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Gigi Sohn, the Biden Administration''s nomination for FCC commissioner, has attended a partisan event touting an FCC-led breakup of Sinclair Broadcasting Group''s "right wing propaganda machine," adding to mounting evidence that the nominee is hopelessly partisan. The appointee would break the current 2-2 FCC tie in favor of the Democrats …
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Gigi Sohn, the Biden Administration''s nomination for FCC commissioner, has attended a partisan event touting an FCC-led breakup of Sinclair Broadcasting Group''s "right wing propaganda machine," adding to mounting evidence that the nominee is hopelessly partisan. The appointee would break the current 2-2 FCC tie in favor of the Democrats
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The Monopoly On Your Mind: These 6 Companies Control 90% Of What You Read, Watch, & Hear Authored by Rebecca Strong via ''Down The Rabbit Hole'' Substack, In a recent Twitter survey I conducted, nearly 90% of people rated their trust in mainstream media as either “very low” or “low.” And is it any surprise? Ever-mounting media consolidation has narrowed the perspectives the public is privy to , ownership and funding of these corporations are riddled with conflicts of interest, crucial stories keep suspiciously getting buried, and big tech companies are outright censoring and demonetizing independent outlets trying to break through the noise. The media is supposed to function as a power check — and a means of arming us with vital information for shaping the society we want to live in. It’s never been a more important industry. And it’s never been more at risk. In this series, I’ll tackle each factor threatening the media’s ability to serve our democracy — with input from journalists, media critics and professors, and other experts.
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Despite efforts in court to squelch the donation-based, IP-distributed "free" TV service, Locast has just entered its 35th market. It brings stations owned by Hearst Television, ViacomCBS, Cox Media Group, The E.W. Scripps Co., Sinclair Broadcast Group and public broadcasting giant WQED to those in Western Pennsylvania''s biggest market.
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For three weeks, Suddenlink customers in the Greenville-New Bern, N.C., area have been unable to tune to the market''s ABC affiliate. The reason? A retransmission consent agreement expired June 30, and there''s no new deal in place. The station''s owner, Sinclair Broadcast Group, now says there likely won''t be one period.
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The National Desk, Sinclair Broadcast Groups (Nasdaq: SBGI) national news program, today announced award-winning journalists, Meagan OHalloran and E
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BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (NASDAQ: SBGI) (Sinclair) today announced that John McClure has been named Vice President and Chief Information Security Officer. In this newly created role, Mr. McClure will lead the company''s information security program across all business functions. Additionally, Mr. McClure will define and be responsible for creating and executing Sinclairs security vision, strategy, and operating model across its entire portfolio. Mr. McClure will wo
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Network president Jimmy Pitaros tenure largely has been a success from a business standpoint. But behind it is an environment thats failing its employees. ESPN president Jimmy Pitaro was on a roll. He repaired a fractured relationship with the NFL, securing a deal that will bring two Super Bowls to ABC. He brought the NHL back to ESPN and nabbed the rights to the SEC game of the week from CBS. From a business standpoint, his tenure largely has been a success. But behind it all, according to reports, is a workplace environment thats failing its employees. This week, the New York Times revealed comments made last year by Rachel Nichols, who is white, when she learned that Maria Taylor, who is Black, would host ESPNs studio show for the 2020 NBA Finals at Walt Disney World. Video of Nichols conversation, held in her hotel room, was recorded accidentally. It became available to employees through an ESPN sever and was obtained by the Times. Said Nichols: I wish Maria Taylor all the success in the world she covers football, she covers basketball.
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Sinclair Broadcast CEO expects rapid expansion of new, mobile-friendly broadcasting standard Baltimore Sun
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Sinclair Broadcasting Group, already the nations dominant owner of regional sports networks, has made an offer to acquire NBCUniversals seven regional sports networks, The Post has learned. If Sinclair succeeds in buying the RSNs, it would add dozens of popular National Basketball Association and Major League Baseball teams to its already vast collection of sports
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LOS ANGELES--(BUSINESS WIRE)--STIRR, a free, ad-supported OTT streaming service owned by Sinclair Broadcast Group (Nasdaq: SBGI), has expanded the content offerings on its STIRR City channels to include locally-produced news specials, beginning with Baltimore is Dying, a regional documentary, and Your Voice, Your Future Town Hall: City in Crisis, both produced by Sinclair Broadcast Groups FOX45 in Baltimore, to stream on STIRR City Baltimore on July 1 and 8. With more than 7 million app downlo
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Starting tonight (7/1) at 10pm, a new entrant in the local news war that has been fiercely waging across Western New York for years will arrive. It comes courtesy of Sinclair Broadcast Group, which is launching local news operations at its owned-and-operated FOX affiliate serving Buffalo, Niagara Falls and the Canadian province of Ontario''s most populous areas.
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BUFFALO, N.Y.--(BUSINESS WIRE)--Sinclair Broadcast Group (Nasdaq: SBGI) today announced that the companys FOX 29 WUTV Buffalo, NY station will launch local news operations beginning July 1, 2021. WUTVs newscasts will feature in-depth, hard hitting local news coverage nightly at 10 p.m. FOX 29 news will provide reporting from across New York with content from a statewide network of sister stations. Buffalo news viewers will also see in-depth reporting from Sinclairs award winning team of jour
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Sinclair Broadcast Group (NASDAQ: SBGI ) today announced that the company''s FOX 29 WUTV Buffalo, NY station will launch local news operations beginning July 1, 2021. WUTV''s newscasts will feature in-depth, hard hitting local news coverage nightly at 10 p.m. FOX 29 news will provide reporting from across New York with content from a statewide network of sister stations. Buffalo news viewers will also see in-depth reporting from Sinclair''s award winning team of journalists in Washington DC. FOX 29 will also unveil " Buffalo Plus ," a digital news site for Buffalo Bills and Sabres fans. " Buffalo Plus " will take audiences beyond headlines with immersive photo galleries, commentary, team news, exclusive programming, podcasts and information about the Buffalo Bills and Sabres. The FOX 29 on-air team will be led by veteran Full story available on Benzinga.com
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he latest advance in television broadcasting, with features such as mobile reception, ultra high definition video and movie-theater quality sound, should reach markets covering about half of U.S. households by the end of the year, the CEO of Hunt Valley-based Sinclair Broadcast Group told shareholders.
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High dynamic range technology provider Advanced HDR by Technicolor is to continue to provide its HDR technology to Sinclair Broadcast Group operated stations, with WNUV the CW Baltimore the latest station to incorporate ATSC 3.0-powered NEXTGEN TV capabilities featuring Advanced . Source: Technicolor boosts Baltimore NEXTGEN TV
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With a mere 99 watts from a broadcast tower used by Sinclair Broadcast Group for its ABC television affiliate, an FM translator reaches most of metropolitan St. Louis at 106.9 MHz. Until now, this mini-FM facility has simulcast a religious AM. That will soon change, as the FM translator has just been sold.
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BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (the Company) (Nasdaq: SBGI) announced that its shareholders elected the nominated ten Directors at the Companys Annual Shareholders Meeting held today. The elected Directors are Mr. David D. Smith, Executive Chairman, Chairman of the Board of the Company; Mr. Frederick G. Smith, Director and Vice President of the Company; Mr. J. Duncan Smith, Director, Vice President and Secretary of the Company; Mr. Robert E. Smith, Director; Ms.
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BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) is pleased to announce its television stations WJLA/ABC 7 (Washington, DC) and WBFF/FOX 45 (Baltimore, MD) were honored with a total of 42 Emmy® Awards, more than any other news organizations in the region, by the National Capital Chesapeake Bay Chapter of the National Academy of Television Arts & Sciences. WJLA received a total of 24 Emmy Awards, more than any other in the region, including the coveted Regional Emmy
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Six over-the-air television stations serving the Baltimore market have initiated broadcasts using the ATSC 3.0-powered new digital broadcast standard. The stations involved are owned by The E.W. Scripps Co., Hearst Television, Sinclair Broadcast Group, Cunningham Broadcasting and Maryland Public Television.
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Even with chip shortages hampering new auto inventory, squelching advertising dollars, Sinclair Broadcast Group is hitting all cylinders. With mid-term political dollars on the horizon and sports betting revenue projected to be significant, Sinclair''s chief executive is excited about the "big uplift" that''s already underway.
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Paperwork filed with the FCC offers new details on the recently announced sale of Sinclair Broadcast Group''s lone radio stations, inherited from its acquisition of Fisher Communications. It is now known that a pending call-letter change is in the works for KOMO-AM & FM. There''s also new information on just how much cash Lotus will pay Sinclair.
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Sinclair Broadcast Group continues to lead the industrys transition to the future of television. These include a new 25,000-square-foot, SMPTE ST 2110 media operations center for Sinclairs RSNs with cloud-hosted disaster recovery channels, and a large-scale ST 2110 production facility for its Tennis Channel.
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BALTIMORE--(BUSINESS WIRE)--Sinclair Broadcast Group (Nasdaq: SBGI) today announced the companys Sinclair Cares: Roll Up Your Sleeves campaign in partnership with American Red Cross. The campaign urges Sinclair viewers to help increase U.S. blood supplies by making a blood donation appointment, volunteering time, or providing financial contributions for the cause. The Sinclair Cares: Roll Up Your Sleeves campaign kicked off today, which is World Blood Donor Day, and runs through July 23. D
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