BALTIMORE, Md.—As part of Sinclair's ongoing effort to revamp and reorganize the operations in the wake of the bankruptcy of its regional sports networks, Sinclair's CEO has told analysts that it plans to continue to spend heavily on technologies to improve operations and that it is aggressively pushing forward with NextGen TV/ATSC 3.0 launches.
CEO Chris Ripley made the comments during a Q2 2023 earnings call with analysts that saw the company report a 27% decline in revenue, a 16% drop in ad revenue and only $92 million in net income in the first half of 2023. Next income in the first half of 2022 was $2.576 billion.
