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Sinclair Broadcast Group Inc (SBGI.OQ)

SBGI.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Sinclair Broadcast, Nexstar Media announce agreement on market transition
Thursday, 20 Jul 2017 02:15pm EDT 

July 20 (Reuters) - Nexstar Media Group Inc ::Sinclair Broadcast and Nexstar Media announce agreement on market transition from ATSC 1.0 to ATSC 3.0 "NextGen" services.Says tentative agreement includes 43 markets where both companies own a television station.Says ‍specific market roll out schedules and sharing arrangements are in development.  Full Article

CBS, Sinclair Broadcast Group announce affiliation agreement renewals
Monday, 12 Jun 2017 10:00am EDT 

June 12 (Reuters) - Sinclair Broadcast Group Inc ::CBS and Sinclair Broadcast Group Inc announce affiliation agreement renewals.New deal also includes renewal of participation in CBS all access.Sinclair & CBS agreed to assign Tribune's CBS affiliation agreements to Sinclair upon planned closing of merger.Announced a multi-year deal that renews station affiliation agreements for four of its owned or operated stations​.Deal renews agreements for KUTV in Salt Lake City, Utah; Keye in Austin, Texas; WSBT in South Bend, Ind.; WGFL in Gainesville, Fla.  Full Article

Sinclair Broadcast Group says in Q2 of 2017, anticipate capital expenditures to increase from Q1 of 2017 - SEC Filing
Wednesday, 10 May 2017 05:43pm EDT 

May 10 (Reuters) - Sinclair Broadcast Group Inc :Sinclair Broadcast Group Inc says in Q2 of 2017, anticipate capital expenditures to increase from Q1 of 2017 - SEC filing.Sinclair Broadcast Group Inc says expects to begin to incur capital expenditures in later half of 2017 related to repacking process.  Full Article

Sinclair Broadcast Group Q1 EPS $0.61 excluding items
Wednesday, 3 May 2017 07:30am EDT 

May 3 (Reuters) - Sinclair Broadcast Group Inc ::Sinclair reports first quarter 2017 financial results.Q1 earnings per share $0.61 excluding items.Q1 revenue $649.9 million versus I/B/E/S view $647.3 million.Q1 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.Q1 earnings per share $0.61.Sees Q2 2017 barter and trade revenue of about $33 million.Q2 media revenues, before barter, are expected to be approximately $627.3 million to $633.3 million.Full year barter and trade revenue is expected to be approximately $120 million.FY capital expenditures expected to be $90 million, excluding expenditures that may be incurred for FCC's spectrum repack.2017 media expenses, excluding barter expense but including trade expense, are expected to be approximately $1.586 billion.  Full Article

Sinclair Broadcast Group announces agreement to purchase Bonten Media tv stations
Friday, 21 Apr 2017 09:00am EDT 

April 21 (Reuters) - Sinclair Broadcast Group Inc :Sinclair broadcast group announces agreement to purchase Bonten Media Group tv stations.Deal for $240.0 million.Deal expected to be on average approximately $25 million accretive to our free cash flow on an annualized basis.Anticipates that transaction will close and fund with cash on hand in Q3 of 2017.  Full Article

Sinclair Broadcast Group prices public offering of class A common stock
Thursday, 9 Mar 2017 06:15pm EST 

Sinclair Broadcast Group Inc : Sinclair broadcast group prices public offering of class A common stock .Priced underwritten public offering of 12.0 million primary shares of class A common stock at price to public of $42 per share.  Full Article

Sinclair Broadcast Group's Investment , Keyser Capital, sells Alarm Funding Associates
Tuesday, 7 Mar 2017 03:30pm EST 

Sinclair Broadcast Group Inc : Sinclair Broadcast Group's Investment Group, Keyser Capital, sells Alarm Funding Associates . Deal for $200.0 million . Unit sold Alarm Funding Associates, LLC ("AFA") to RPAFA Investors, LLC, an investment vehicle of riverside partners . After repayment of debt and other costs, Sinclair will realize about $70 million in pre-tax net cash proceeds . Total indebtedness will decrease by approximately $108 million after sale .Other non-media revenues less non-media expenses for 10 month period of March- Dec 2017 to be about $20 million less than original guidance.  Full Article

SINCLAIR BROADCAST GROUP SAYS HAS ACQUIRED ASSETS OF TENNIS MEDIA
Wednesday, 1 Mar 2017 03:00pm EST 

Sinclair Broadcast Group Inc : SINCLAIR TO ACQUIRE TENNIS MEDIA COMPANY; ALIGNS TENNIS MAGAZINE, TENNIS.COM AND TENNIS CHANNEL ON UNIFIED PLATFORM . SINCLAIR BROADCAST GROUP INC - DEAL FOR $8 MILLION PLUS AN ADDITIONAL $6 MILLION EARN-OUT POTENTIAL BASED ON CERTAIN CONTINGENCIES .SINCLAIR BROADCAST GROUP INC - TRANSACTION WAS FUNDED WITH CASH ON HAND.  Full Article

SINCLAIR BROADCAST GROUP ANNOUNCES RESULTS OF SPECTRUM AUCTION
Thursday, 9 Feb 2017 11:13am EST 

Sinclair Broadcast Group Inc : SINCLAIR ANNOUNCES RESULTS OF SPECTRUM AUCTION . EXPECTS TO RECEIVE AN ESTIMATED $313 MILLION OF GROSS PROCEEDS FROM NATIONAL BROADBAND PLAN SPECTRUM AUCTION . PROCEEDS ARE EXPECTED TO BE RECEIVED LATER THIS YEAR .RESULTS OF AUCTION ARE NOT EXPECTED TO PRODUCE ANY MATERIAL CHANGE IN OPERATIONS OR RESULTS FOR COMPANY.  Full Article

Frontier Communications says continues negotiations with Sinclair Broadcast to renew carriage agreement
Thursday, 22 Dec 2016 02:47pm EST 

Frontier Communications Corp : Frontier communications corp says carriage agreement is scheduled to expire on dec. 31, 2016 .Press release - frontier communications continues negotiations with sinclair broadcast group to renew carriage agreement that provides content to approximately 3 percent of video subscribers.  Full Article

BRIEF-Sinclair Broadcast, Nexstar Media announce agreement on market transition

* Sinclair Broadcast and Nexstar Media announce agreement on market transition from ATSC 1.0 to ATSC 3.0 "NextGen" services