Latest in Sinclair Broadcast Group

ViacomCBS and Sinclair Broadcast Group have reached multi-year renewals for eight CBS affiliates, covering some 3 million U.S. households. The group of affiliates includes Salt Lake City and Austin, both top-50 markets. ViacomCBS also renewed the affiliation of WTVH in Syracuse, NY, which Sinclair programs. Sinclair…

UPDATED, with comment from Sinclair’s Scott Livingston: Sinclair Broadcast Group plans to launch a headline news service in early 2021, with plans to hire 25 new employees. At the start, the service will air weekday mornings from 6 AM to 9 AM on more than 50 of Sinclair’s owned or operated CW and MyNetwork TV…

After years of anticipation, “next-generation” broadcast technology made its full-time debut Tuesday on Las Vegas stations owned by Nexstar Media Group, Sinclair Broadcast Group and E.W. Scripps. Sinclair's NBC affiliate, KSNV, and CW affiliate, KVCW; Nexstar's CBS affiliate, KLAS; and Scripps' ABC station KTNV are…

The two Democrats on the FCC are blasting the agency’s decision to settle investigations into Sinclair Broadcast Group with a record $48 million fine. Earlier this month, Sinclair agreed to pay a $48 million civil penalty — the largest imposed on a broadcaster in the FCC's history — to close three open government…

Moody’s Investors Service has downgraded the credit outlook of Diamond Sports Group, the consortium led by Sinclair Broadcast Group that owns the 23 regional sports networks formerly run by Fox. The view of the ratings agency turned negative due to increased debt levels likely over the next 12 months. All sports…

Top-tier sports, including the NBA, NHL and Major League Baseball, are likely to return to action in July or August, according to Chris Ripley, CEO of Sinclair Broadcast Group. “I think it’s a return this summer,” Ripley said during an online appearance in MoffettNathanson’s annual Media & Communications Summit. Based…

Sinclair Broadcast Group will pay $48 million in a civil penalty — the largest imposed on a broadcaster in the FCC’s history — to close three open government investigations, including of its conduct as it sought to acquire Tribune Media in 2018. The fines, however, do not revoke FCC licenses, a sanction that some…

Sinclair Broadcast Group, the No. 2 U.S. owner of local TV stations and a force in regional sports networks, reported mixed first-quarter results and warned investors of some COVID-19 bumps to come. Total revenue in the quarter rose 123% to $1.61 billion, just shy of Wall Street analysts’ consensus estimate for $1.65…

Stocks of the biggest U.S. local TV station owners, among them Nexstar, Sinclair, Tegna and Gray, continue to slump badly as investors recoil from their exposure to a worsening ad market. Even so, one significant player in the station game, Fox Corp., is being touted in some corners as the best-situated U.S. media…

Local sports will continue on YouTube TV for a while longer, as the service has reached a temporary agreement with Sinclair Broadcast Group to Keep Fox Sports regional networks and the YES Network on board. The deal is in place while the two sides work on a longer-term carriage agreement. Pressure is on for a deal…

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…