Sinclair Reports First Quarter 2019 Financial Results
SINCLAIR REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS
• INCREASES TOTAL REVENUE BY 9% COMPARED TO PRIOR YEAR
• ANNOUNCES QUARTERLY DIVIDEND PER SHARE OF $0.20
BALTIMORE (May 8, 2019) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three months ended March 31, 2019.
CEO Comment:
“This is a very exciting time for Sinclair led by our recent announcement to acquire 21 Regional Sports Networks, industry collaboration on the implementation of the ATSC 3.0 broadcast standard, and continued success of our local news organization,” commented Chris Ripley, President and Chief Executive Officer. “We are transforming the Company, diversifying our content sources and revenue mix, and building a leading local news and sports organization on all platforms. In addition, during the first quarter, we launched our free, linear and on-demand multi-channel streaming service, STIRR, which is exceeding initial expectations. We announced a joint venture with the Chicago Cubs for the launch in 2020 of Marquee Sports Network, and entered into a definitive agreement to purchase 21 RSNs for a very attractive and accretive $9.6 billion purchase price, representing a $10.6 billion enterprise value. Meanwhile, we also exceeded our guidance for the first quarter in the key financial metrics.”
Read more…Q1 19 FINAL
RECENT NEWS RELEASES
- January 27, 2021
- Sinclair Broadcast Group and Bally’s Corporation Unveil Official Bally Sports Logo and Corresponding Regional Monikers
- January 26, 2021
- Sinclair Broadcast Group Announces Jeffrey Lewis Hiring as Chief Compliance Officer
- January 25, 2021
- Sinclair To Report Fourth Quarter 2020 Results On February 24, 2021 At 7:30 A.M. (Eastern Time)
- January 15, 2021
- Sinclair Broadcast Group’s “THE NATIONAL DESK” to Premier Monday, January 18
- January 14, 2021
- ABC 45-TV Announces Premiere of Local News in the Triad Market
- January 13, 2021
- Sinclair Names Billy Robbins Vice President and General Manager of WBFF in Baltimore Maryland
- ViacomCBS and Sinclair Broadcast Group, Inc. Announce Affiliation Agreements
- January 7, 2021
- Major Broadcasters Launch NEXTGEN TV On Four Local Television Stations In Columbus, Ohio
- December 29, 2020
- Sinclair Announces Promotions
- December 22, 2020
- ONE Media 3.0 Launches its STIRR Radio App in Seattle