The Latest Breaking News from Sinclair

About $1 billion of Major League Baseball’s revenue is at risk if a cable television company fails to make payments for local broadcasting rights to 14 teams, and the sport is preparing to take over telecasts

Baseball executives have said that the sport needs to prepare in the event that rights-fee payments are not made by Diamond Sports Group. Diamond owns local broadcasting rights to 14 of the 30 MLB teams,

Major League Baseball has formed a new economic study committee in light of a possible bankruptcy for the company that owns local broadcasting rights to 14 of 30 teams

Confirming that they will be continuing with their normal operating hours up until Sunday, January 22, the team behind the popular cafe and wine bar said they would be closing indefinitely.

CHICAGO — When the Chicago Cubs launched the Marquee Sports Network in February 2020, it was the culmination of a decade-long quest to create a dedicated 24/7 cable TV platform for the team, which was still soaring in the wake of its first World Series championship in more than a…

FORT LAUDERDALE, Fla. — Florida Republican Gov. Ron DeSantis and Democratic challenger Charlie Crist will have their one and only gubernatorial debate on Oct. 24 — 12 days later than originally planned.

BALTIMORE — Baltimore voters will be asked this fall to decide if the city’s future elected leaders should be limited to two terms, the only successful question to emerge from multiple petition drives to put issues on the ballot this year.

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.

CHICAGO — When the Chicago Cubs announced they were leaving their old TV home to start their own network, it was viewed by some as a prudent business decision that would create another vital revenue stream.

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, 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…