Sinclair Inc (OQ:SBGI)
Business Focus: Broadcasting
| Sector: Consumer Cyclicals | Industry: Broadcasting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 10706 Beaver Dam Road HUNT VALLEY MD 21030 |
| Tel: | 1-410-5681500 |
| Website: | https://sbgi.net |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Sinclair, Inc. is a diversified media company and a provider of local news and sports. The Company operates through two segments: Local Media, and Tennis. Its Local Media segment is comprised of its television stations. It produces more than 2,400 hours of news per week at 115 stations in 73 markets. Its Tennis segment primarily consists of Tennis Channel, a cable network which includes coverage of many of tennis' top tournaments and original professional sports and tennis lifestyle shows. Its content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and the streaming aggregator of local news content, NewsON. The Company owns, operates and provides services to 185 television stations in 86 markets affiliated with all the various broadcast networks, and owns Tennis Channel and multicast networks Comet, CHARGE!, TBD., and The Nest. The Company also owns and provides services to 21 regional sports network brands. |
| Financial Overview |
| For the three months ended 31 March 2024, Sinclair Inc revenues increased 3% to $798M. Net income decreased 88% to $23M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Income from equity method investments decrease of 55% to $14M (income), Selling/General/Admin. Expense increase of 3% to $196M (expense). |
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