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Sinclair (SBGI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
The shift is likely aimed at reinvigorating Sinclair stock, which has languished over the past few years. It’s lost two-thirds of its value since 2020 began, closing Friday down 43 cents at $9. ...
Sinclair, one of the largest owners of broadcast stations in the U.S., is looking to sell more than 30% of its footprint, according to people familiar with the matter. ... Sinclair’s stock was ...
As this controversy made the news, with a number of Sinclair advertisers pulling their ads and Sinclair stock dropping 17% in eleven days, [199] Sinclair announced that it had never intended to air Stolen Honor in an hour slot in the first place, indicating that it might instead show clips of the video in a discussion panel format. Ultimately ...
On February 29, 2016, Tribune announced that it would review various "strategic alternatives" to increase the company's value to shareholders, which include a possible sale of the entire company and/or select assets, or the formation of programming alliances or strategic partnerships with other companies, due to the decrease in its stock price since the Tribune Publishing spin-off and a $385 ...
Sinclair took a $4.23 billion write-down of its regional sports assets in 2020 after a downturn in the business. [5] On November 18, 2020, Sinclair announced that it had entered into an agreement with casino operator Bally's Corporation to acquire the naming rights under a 10-year deal. [6]
Let's see if Sinclair Broadcast Group, Inc. (SBGI) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
The initial capital was supplied by Carolyn Smith, wife of Sinclair founder Julian Smith and mother of current Sinclair CEO David Smith. Carolyn Smith also controlled 70% of Glencairn's stock, eventually reaching 97%. In 1999, the FCC relaxed its ownership rules and allowed one company to own two stations in the same market starting in 2001 ...