Latest in Sinclair Broadcast Group

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…

UPDATE with closing stock price. Sinclair Broadcast Group stock hit the stratosphere on Monday — bucking the day’s downward trend on Wall Street to gain nearly 35% — as the company’s CEO touted the company’s deal to acquire the former Fox regional sports networks. Shares in Sinclair rocketed to an all-time high of…

A day after Justin Gimelstob entered a no-contest plea to a violent Halloween 2018 attack on a man on the streets of West Los Angeles, the Tennis Channel is trying to figure out whether it wants him to come back or cut him loose. "We are sure that Justin is pleased that this matter has been resolved,” a spokesperson…

Former CBS News correspondent Lara Logan has found a new home with Sinclair Broadcast Group, a conservative media giant with local stations around the country. Logan has a 90-day assignment as a special correspondent focusing on the US-Mexico border, and will produce two segments a week for Sinclair’s 191 television…