The Latest Breaking News from Sinclair Broadcast Group

Bankrupt operator of the Bally Sports regional sports networks sheds another Sinclair-appointed exec as it tries to get right with Major League Baseball

Diamond Sports Group, a struggling subsidiary of Sinclair Broadcast Group that owns regional sports networks, filed for a bankruptcy reorganization late Tuesday, burdened by more than $8 billion in debt.

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After a corporate reorganization involving its regional sports networks, Sinclair Broadcast Group is on solid footing, even in the face of a potential recession, the company’s CEO told shareholders Thursday.

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Over the past 3 months, 5 analysts have published their opinion on Sinclair Broadcast Group (NASDAQ:SBGI) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

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Sinclair Broadcast Group said it earned $2.59 billion — yes, with a B — in the first quarter as it “deconsolidated” its local sports segment from its financial statements.

  Sinclair Broadcast Group (NASDAQ:SBGI) reported its Q1 earnings results on Wednesday, May 4, 2022 at 07:30 AM. Here's what investors need to know about the announcement. Earnings Sinclair Broadcast Group posted an EPS of $0.37.