Thu, Jul. 9, 3:16 PM
- Sinclair Broadcast Group (SBGI +2.1%) has reached a long-term affiliation deal with the CW Network (TWX, CBS) covering 32 stations.
- The deal covers 23 owned stations and nine others for which Sinclair provides services. Sinclair, the nation's largest local broadcaster, is the group with the most CW stations.
- Earlier, Sinclair renegotiated affiliate deals with CBS for 16 markets.
- Today: TWX +1.7%; CBS +0.2%.
Thu, Jul. 9, 1:13 PM
- CBS and Sinclair Broadcast Group (NASDAQ:SBGI) -- the largest local broadcaster -- have renewed affiliation agreements in 16 markets, the companies said.
- The deals cover 6% of the country, serving about 7M households.
- "The long-term renewed agreements include all of our CBS affiliations expiring in 2015, as well as an early renewal of all agreements expiring in 2016," notes Sinclair's Barry Faber, who adds that the visiblity into programming costs will help Sinclair price its retransmission rights.
- SBGI is up 1.2% today.
Tue, Jul. 7, 9:34 PM
- Next week, the FCC is looking to keep a landmark broadcast incentive wireless spectrum auction on track for early next year despite contentious debates from stakeholders -- and if it does, it's a boon for T-Mobile (NYSE:TMUS), says Guggenheim's Paul Gallant.
- That's because though T-Mobile and Sprint (NYSE:S) have pushed for a bigger reserve of spectrum for "smaller carriers" (i.e.: them), a delay might mean that the current 30 MHz set-aside was at risk.
- Meanwhile, the airwaves will be coming from TV broadcasters who must go along with any plan -- meaning they expect to see prices they like. A group representing smaller broadcasters say if the framework isn't revised, opening prices for broadcasters could be reduced by $8M.
- Major broadcasters (ABC (NYSE:DIS), CBS, NBC (NASDAQ:CMCSA), FOX) aren't expected to be key airwaves sellers, while smaller groups like Sinclair (NASDAQ:SBGI) and Entravision (NYSE:EVC) are expected to sell.
- Related firms: T, VZ
- Previously: FCC chairman: Cap bid credits, keep smaller spectrum set-aside (Jun. 25 2015)
Mon, Jun. 29, 3:45 PM
- Sinclair Broadcast Group (SBGI -2.5%) -- the country's largest local broadcaster -- and Metro-Goldwyn-Mayer are partnering on a new, 24-hour science fiction network.
- The project, to run across multiple channels, will feature more than 1,500 hours of MGM programming, including TV series like Stargate, Outer Limits and Poltergeist.
- The rollout is set for the fourth quarter covering about 30% of the country, and the two expect to enter more distribution deals prior to launch. Sinclair airs 376 channels from 162 stations, in 79 markets.
Fri, Jun. 5, 10:09 PM
- At an analyst event it held just hours before ringing the Nasdaq closing bell to celebrate its 20th anniversary as a public company, Sinclair Broadcast Group (NASDAQ:SBGI) was banging a familiar drum: "We believe this sincerely: We're an undervalued stock in an undervalued industry," said COO David Amy.
- Among other catalysts, the company pointed to political advertising as a key moneymaker: "It's going to be absolutely phenomenal," says TV group co-COO Steve Marks, expecting the company will far surpass the $258M it sold in 2012.
- While Sinclair and other broadcast groups have had rough comparisons with the last political season -- it reported $2.2M last quarter in political revenues, vs. $80.3M for Q4 -- a new presidential campaign is ramping up, and with 161 stations in 79 markets, Sinclair is the country's largest local broadcaster.
- Also, the company will focus on local news to grow -- "Our core business is driven largely by news and local advertising ... 70 percent of our revenue is local advertising, 70 percent of our digital revenue is local direct advertising," says TV group co-COO Steve Pruett -- and the company plans to try taking ad dollars from direct mail. (hat tip: Baltimore Business Journal's Rick Seltzer)
- SBGI is up 11.1% YTD.
Wed, May 6, 7:36 AM
Wed, May 6, 7:35 AM
Tue, May 5, 5:30 PM
- ANSS, ARQL, ATHM, AVA, AYR, BAM, BUD, CEQP, CHH, CHK, CKSW, CLH, CMLP, CRNT, CRZO, CSTE, DAVE, DDD, DNR, EE, EGAN, ENB, EXK, GDP, GLOG, HAIN, HCLP, HFC, HSC, HSNI, HTA, IMN, INFI, KELYA, LAMR, LG, LINC, MEMP, MPO, MSI, MWE, NOR, NXTM, OXY, PERI, PGNX, POWR, RDC, RHP, SBGI, SCMP, SE, SNH, SODA, STRA, SUP, SWC, TMHC, TRXC, VG, VOYA, VSI, WCG, WD, WEN, WIX, WMC, WPX, XLS, XRAY
Wed, Apr. 8, 4:50 PM
- Sinclair Broadcast Group (NASDAQ:SBGI) is partnering with ad-tech firm Visible World to aggregate audience impressions across its 161 local TV stations.
- The initiative, which it's calling the Audience Network for Local Broadcast TV, will let advertisers and agencies auto-target specific audiences using Visible World's technology.
- "This is not a theoretical exercise, but a real switch in how we intend to sell," says Sinclair Television Group co-COO Steve Marks, "and we encourage other broadcasters to join this network."
- The two companies plan to demonstrate the technology at the upcoming National Association of Broadcasters Show.
Fri, Mar. 27, 3:51 PM
- Sinclair Broadcast Group (NASDAQ:SBGI) is up 1.6% as it launches a unit focused on investment in emerging technologies.
- Sinclair Digital Ventures will put funds into partner companies who can engage Sinclair viewers with advertisers on a series of smaller screens (Web, social media, mobile).
- The unit will be overseen by COO David Amy, CFO Chris Ripley and the COO of Sinclair's Digital Group, Rob Weisbord.
- In its Q4 report last month, Sinclair noted that digital offering revenues were up 70.7%, and Web and mobile platforms had more than 35M unique visitors in December.
- Previously: Sinclair Broadcast Group higher on record results (Feb. 18 2015)
Fri, Mar. 13, 5:41 PM
- CBS and its affiliates board have come to terms on the network's standalone streaming service, CBS All Access.
- After tough negotiations, participating affiliates will get an (undisclosed) "piece" of the $5.99/month subscription fees, and their percentage will go up as subscriber count does.
- Affiliate groups (including SBGI and NXST) can opt in to the affiliate board's deal, or otherwise try negotiating with CBS directly on individual pacts.
- Affiliates will meet April 14 to discuss the terms.
Wed, Feb. 18, 9:01 AM
- Sinclair Broadcast Group (NASDAQ:SBGI) posted record results and 43.5% higher revenues for Q4 as it absorbed $1.3B in net acquisitions and grew out its digital platform.
- Operating income doubled, to $208.9M. Of the $613.8M in revenues, net broadcast revenues of $556.6M were up 45.6%, boosted by election political revenues of $80.3M (vs. prior $6.7M). Excluding political sales, net broadcast revenue was up 26.8%.
- Notably, digital offering revenues were up 70.7% and Web and mobile platforms had more than 35M unique visitors in December.
- Sinclair expressed an optimistic outlook for Q1 with core ad revenues "pacing flat to slightly up" when excluding Super Bowl, Olympic and incremental political revenues. Acquisition of stations in 2014 (Albritton, Macon, New Age, Media General) has been "nearly seamless."
- Shares are up 2.7% premarket.
- Press release
Wed, Feb. 18, 8:04 AM
Wed, Feb. 18, 7:34 AM
Tue, Feb. 17, 5:30 PM
Nov. 5, 2014, 7:55 AM
SBGI vs. ETF Alternatives
Other News & PR