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The Latest Breaking News from SBGI

Sinclair Broadcast Group Officially Becomes Holding Company Sinclair

Stock-ticker symbol remains SBGI

Multichannel News · Jun 1, 2023

Softbank Continues To Lose Key Official In Quick Succession

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…

Benzinga · Jun 22, 2022

2 Top-Quality Broadcasting Stocks to Buy in June

The rapid integration of technology to provide improved broadcasting services to customers and the growing penetration of online content are driving the broadcast and media market’s growth. Therefore, we think it could be wise to buy high-quality broadcasting stocks Nexstar Media Group (NXST) and Sinclair Broadcast Group (SBGI).

StockNews.com · Jun 15, 2022

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Sinclair Broadcast Clocks 15% Revenue Decline In Q1; Hopes On Political Advertising Cycle

Sinclair Broadcast Group, Inc (NASDAQ:SBGI) reported a first-quarter FY21 revenue decline of 14.8% year-on-year to $1.29 billion, missing the consensus of $1.53 billion. Total advertising revenues of $371 million were inline Y/Y. Distribution revenues of $873 million declined 21.3% Y/Y. Adjusted operating income increased 70% Y/Y to $114 million. EPS was $35.39 versus…

Benzinga · May 4, 2022

4 Ways Tony Khan's Ring Of Honor Buyout Could Change The Pro Wrestling Business

All Elite Wrestling President and CEO Tony Khan announced Wednesday night he has acquired Ring of Honor from Sinclair Broadcast Group Inc (NASDAQ: SBGI).

Benzinga · Mar 3, 2022

Sinclair's Q4 Revenue Misses Consensus Due To Cyber Incident, Absence Of Political Revenue; Hikes Dividend

Sinclair Broadcast Group Inc (NASDAQ:SBGI) reported a fourth-quarter FY21 revenue decline of 2% year-on-year to $1.48 billion, missing the consensus of $1.56 billion. Lost revenues due to the cyber incident and the absence of political revenues in a non-political year affected the revenue growth. Total advertising revenues of $383 million decreased 31% Y/Y.…

Benzinga · Feb 23, 2022

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