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Sinclair Broadcast Group Inc (SBGI.OQ)

SBGI.OQ on NASDAQ Stock Exchange Global Select Market

28.25USD
25 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Sinclair Q2 Earnings Per Share $0.27
Wednesday, 8 Aug 2018 07:30am EDT 

Aug 8 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $0.27.Q2 REVENUE $730.1 MILLION VERSUS I/B/E/S VIEW $715.5 MILLION.Q2 EARNINGS PER SHARE VIEW $0.02 -- THOMSON REUTERS I/B/E/S.DECLARES $0.18 QUARTERLY DIVIDEND PER SHARE.Q3 2018 MEDIA REVENUES ARE EXPECTED TO BE ABOUT $710 MILLION TO $722 MILLION, UP 12.8% TO 14.7% YEAR-OVER-YEAR.TOTAL CAPITAL EXPENDITURES ARE EXPECTED TO BE APPROXIMATELY $40 MILLION FOR Q3.FULL YEAR 2018 TOTAL CAPITAL EXPENDITURES ARE EXPECTED TO BE APPROXIMATELY $140 MILLION.  Full Article

FCC Plans Rule Change Before Court Can Upend Sinclair Bid - Bloomberg, Citing Sources
Wednesday, 13 Jun 2018 05:44pm EDT 

June 13 (Reuters) - :FCC PLANS RULE CHANGE BEFORE COURT CAN UPEND SINCLAIR BID - BLOOMBERG, CITING SOURCES.FCC CHAIRMAN AJIT PAI POISED TO SCHEDULE JULY 12 VOTE ON ALTERING RULES THAT CAP BROADCASTERS’ REACH AT 39 PERCENT OF NATIONAL AUDIENCE - BLOOMBERG.  Full Article

21St Century Fox To Acquire Seven Stations From Sinclair Broadcast Group
Wednesday, 9 May 2018 07:32am EDT 

May 9 (Reuters) - Twenty-First Century Fox Inc ::21ST CENTURY FOX TO ACQUIRE SEVEN STATIONS FROM SINCLAIR BROADCAST GROUP.SAYS DEAL FOR APPROXIMATELY $910 MILLION.  Full Article

Sinclair Broadcast Group Files For Potential Mixed Shelf Offering
Wednesday, 28 Mar 2018 04:29pm EDT 

March 28 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR BROADCAST GROUP INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Tribune Media Company Reports Q4 Earnings Per Share $3.73 From Continuing Operations
Thursday, 1 Mar 2018 07:15am EST 

March 1 (Reuters) - Tribune Media Co ::MPANY REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.81 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE $3.73 FROM CONTINUING OPERATIONS.Q4 REVENUE FELL 8 PERCENT TO $489 MILLION.TELEVISION AND ENTERTAINMENT NET ADVERTISING REVENUES DECREASED 15% TO $326.2 MILLION FOR Q4.‍AS A RESULT OF TAX REFORM, COMPANY RECORDED A PROVISIONAL DISCRETE NET TAX BENEFIT OF $256 MILLION IN QUARTER​.‍IN LIGHT OF TRANSACTION WITH SINCLAIR, NOT PROVIDING FINANCIAL GUIDANCE FOR FULL YEAR 2018​.  Full Article

Sinclair Reports Q4 Earnings Per Share $4.32
Wednesday, 28 Feb 2018 07:30am EST 

Feb 28 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.Q4 EARNINGS PER SHARE $4.32.Q4 REVENUE FELL 8 PERCENT TO $734 MILLION.‍PENDING ACQUISITION OF TRIBUNE IS NOT REFLECTED IN COMPANY'S GUIDANCE​.SINCLAIR BROADCAST - ‍CONTINUE TO WORK WITH GOVERNMENTAL AGENCIES TOWARDS SUCCESSFUL ACQUISITION OF TRIBUNE MEDIA , EXPECTED TO CLOSE IN Q2 OF 2018​.SEES Q1 2018 ‍MEDIA REVENUES ARE EXPECTED TO BE APPROXIMATELY $638 MILLION TO $644 MILLION​.QTRLY ‍NET INCOME INCLUDED A $272 MILLION NON-RECURRING TAX BENEFIT​.SINCLAIR BROADCAST - ‍Q1 2018 OFF TO SLOWER THAN EXPECTED START DUE TO LOW PERCENT OF NBC AFFILIATES WHICH IS NETWORK THAT AIRED SUPER BOWL,OLYMPICS​.QTRLY ‍NET INCOME INCLUDED A $225 MILLION GAIN RECOGNIZED FOR VACATING SPECTRUM IN CERTAIN MARKETS​.SINCLAIR BROADCAST - ‍LOOKING FORWARD TO GROWTH DRIVERS FROM UPCOMING MID-TERM ELECTIONS, POSITIVE EFFECTS FROM TAX REFORM, A GROWING ECONOMY​.‍GAIN OF APPROXIMATELY $83 MILLION IS EXPECTED TO BE RECOGNIZED RELATED TO SALE OF SPECTRUM IN MILWAUKEE IN Q1​.SEES ‍Q1 2018 APPROXIMATELY $8 MILLION IN POLITICAL REVENUES AS COMPARED TO $2 MILLION IN Q1 OF 2017​.‍2018 MEDIA EXPENSES, INCLUDING TRADE EXPENSE, ARE EXPECTED TO BE APPROXIMATELY $1,813 MILLION TO $1,817 MILLION​.‍2018 TOTAL CAPEX IS EXPECTED TO BE APPROXIMATELY $179 MILLION TO $189 MILLION​.‍TOTAL CAPITAL EXPENDITURES ARE EXPECTED TO BE APPROXIMATELY $42 MILLION FOR Q1 2018​.  Full Article

Sinclair Announces Renewals Of NBC Affiliation Agreements
Monday, 19 Feb 2018 09:30am EST 

Feb 19 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR BROADCAST GROUP, INC. ANNOUNCES RENEWALS OF NBC AFFILIATION AGREEMENTS.SINCLAIR BROADCAST GROUP INC - SINCLAIR AND NBC HAVE ENTERED INTO A MULTI-YEAR RENEWAL OF NBC AFFILIATIONS IN THREE SINCLAIR MARKETS.  Full Article

Sinclair Broadcast Says Co, Tribune Media Agreed With DOJ To Extend Tribune Merger Related Timing Agreement End Date
Tuesday, 6 Feb 2018 11:34am EST 

Feb 6 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR BROADCAST SAYS CO, TRIBUNE MEDIA AGREED WITH DOJ TO EXTEND TRIBUNE MERGER RELATED TIMING AGREEMENT END DATE UNTIL FEB 11 - SEC FILING.  Full Article

Nielsen, Sinclair Broadcast Group Announce Multi-Year Agreement Renewal
Thursday, 1 Feb 2018 09:30am EST 

Feb 1 (Reuters) - Nielsen Holdings Plc ::NIELSEN AND SINCLAIR BROADCAST GROUP ANNOUNCE MULTI-YEAR AGREEMENT RENEWAL FOR LOCAL AND NATIONAL TV MEASUREMENT.NIELSEN - AGREEMENT PROVIDES NIELSEN AUDIENCE MEASUREMENT ACROSS SINCLAIR LOCAL BROADCAST AND NATIONAL 'UNWIRED' NETWORKS.  Full Article

Sinclair Broadcast, ABC Announce Extension, Renewals Of Affiliation Agreements Through 2022
Wednesday, 10 Jan 2018 02:05pm EST 

Jan 10 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR BROADCAST GROUP, INC. AND ABC ANNOUNCE EXTENSION AND RENEWALS OF AFFILIATION AGREEMENTS THROUGH 2022.SAYS ‍EXTENDED AND RENEWED AGREEMENTS WILL EXPIRE AUGUST 2022​.  Full Article

Deals of the day-Mergers and acquisitions

Sept 6 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: