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The Latest Breaking News from Sinclair

Marquee Sports Network ratings have dropped 56% since its launch. Here’s how the Chicago Cubs’ cable TV home is faring in Year 3

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…

Chicago Tribune

Charlie Crist-Ron DeSantis debate in Florida governor's race set for Oct. 24

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.

Tribune News Service

Baltimore voters will be asked this fall to consider term limits; other proposed ballot questions short of signatures

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.

Tribune News Service

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Five takeaways from Sinclair Broadcast shareholders meeting

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.

Tribune News Service

Paul Sullivan: Criticize the Cubs? Not on Marquee Sports Network’s ‘The Reporters’ show.

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.

Chicago Tribune

Sinclair Broadcast reports massive profit as it ‘deconsolidated’ local sports networks from its books

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.

Tribune News Service

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

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Why This Analyst Feels Sinclair Is A 'Diamond In The Rough'

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.

Benzinga

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

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