Latest in Sinclair Broadcast Group

Station giants Sinclair Broadcast Group and Nexstar Media said Monday they've agreed to settle an outstanding lawsuit in a deal that has Sinclair paying out $60 million and transferring ownership of a station in Kentucky. The suit was initially a tiff between Sinclair and Tribune Media, one-time merger partners. The…

Sinclair Broadcast Group marked marked Tuesday’s one-year anniversary of STIRR, its ad-supported streaming service, by announcing plans to launch a new channel dedicated to live 2020 election events. The company also said STIRR has attracted more than 1.6 million app downloads during its first year. Sinclair, the No…

Sinclair Broadcast Group is ending its political commentary segments, most prominently those featuring former Trump administration official Boris Epshteyn. NBC News first reported on Sinclair’s announcement, in which the station group said that it will be devoting more resources to investigative journalism. This…

In the third quarter, a period when it closed the $9.6 billion acquisition of 21 regional sports networks formerly owned by Fox, Sinclair Broadcast Group reported a 47% spike in revenue but a net loss of 64 cents a share. During a conference call with Wall Street analysts, CFO Lucy Rutishauser called Sinclair a “much…

Ending a period of short-term extensions, AT&T and Sinclair Broadcast Group have reached a carriage deal that will keep the 21 regional sports networks once owned by Fox on DirecTV and other platforms. In addition to the RSNs, which Sinclair snagged after the Disney-Fox deal required they be cut loose, the multi-year…

Chris Ripley, CEO of the Sinclair Broadcast Group, offered some of his most extensive public comments Thursday about the Disney-run auction of the former Fox regional sports networks. He described it as a “very difficult” process that resulted in a final price tag that “way underachieved expectations” — happily for…

UPDATED with AT&T response. AT&T, whose DirecTV satellite and U-verse cable systems experienced blackouts of stations owned by CBS and Nexstar over the summer, is facing another carriage crossroads with Sinclair Broadcast Group. Sinclair, the No. 2 U.S. owner of local TV stations, issued a warning Friday that millions…

The Federal Communications Commission has given the OK to Nexstar Media Group to acquire Tribune Media, a little more than a year after blocking Sinclair Broadcast Group from buying Tribune. FCC review was the final hurdle the transaction needed to clear. The Department of Justice gave its blessing in July. Nexstar is…

The sale of the YES Network, the regional sports network home of the New York Yankees and Brooklyn Nets, to a consortium including the Amazon, the Yankees and Sinclair Broadcast Group, was finalized Thursday. At $3.47 billion, the transaction is the largest piece of turf in the larger landscape of the formerly…

Disney and Sinclair Broadcast Group have formally closed their $9.6 billion transfer of 21 regional sports networks once owned by 21st Century Fox. In order to close its $71.3 billion acquisition of most of Fox, Disney agreed to sell off the RSNs so as to avoid monopoly issues given the scope of its ESPN holdings. The…

In the year since the Federal Communications Commission effectively torpedoed Sinclair Broadcast Group’s planned $3.9 billion merger with Tribune Media, the possibility has existed that an investigation could result. This week, the FCC confirmed it is formally looking into whether Sinclair had intentionally misled…

Sinclair Broadcast Group, fresh from announcing its acquisition of 21 formerly Fox-owned regional sports networks that were sold off by Disney, reported mixed first-quarter financial results. Earnings per share of 23 cents fell short of Wall Street analysts’ estimates and dropped nearly in half from the 42 cents…