The Latest Breaking News from Sinclair

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…

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…

While Sinclair Broadcast Group Inc (NASDAQ: SBGI) is a diversified media company, providing high-quality content via its local television stations, sports networks and digital platforms, the market seems to be valuing it as a traditional television broadcaster, according to EF Hutton.

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.…