Sinclair Announces Corporate Promotions
BALTIMORE, April 8, 2019 — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that Barry Faber has been promoted to President, Distribution & Network Relations from Executive Vice President/General Counsel/Distribution & Network Relations and will be stepping down as Sinclair’s General Counsel. Concurrently, David Gibber has been promoted to Senior Vice President/General Counsel from Vice President/Deputy General Counsel. In their new roles, which are effective immediately, Mr. Faber and Mr. Gibber will report directly to Chris Ripley, Sinclair’s President & Chief Executive Officer.
In making the announcement, Chris Ripley commented, “Barry has done a tremendous job as Sinclair’s General Counsel for the past twenty years, while also overseeing all aspects of the distribution of our content and the vital relationships with the networks with which our stations are affiliated. He was a driving force in the industry’s successful efforts to be paid for its content under the retransmission consent regime and has decided to step down from his responsibilities for Sinclair’s legal matters in order to focus exclusively on distribution, which now represents close to 50% of all of Sinclair’s revenue, and on network relations. With our expanding portfolio of content, including the new regional sports network formed with the Chicago Cubs, and the emergence of virtual and over-the-top streaming services, as well as direct-to-consumer opportunities, we need to be thinking about how these platforms can benefit us in the future. We believe Barry is the perfect person to oversee this given his successful history in working with our network and distribution partners.”
“I am very pleased to be making this change,” stated Barry Faber, “and look forward to continuing to work with our many valued partners on both the distribution and content sides of the business as we work to take full advantage of the numerous existing and emerging opportunities to distribute content. I look forward to being in a position to give my full attention to these vital aspects of Sinclair’s business.”
Chris Ripley further commented, “I am very pleased to announce that David Gibber will be taking over Barry’s other responsibilities as General Counsel. David has done an outstanding job advising the Company and overseeing many of the day-to-day working matters of our legal department. David has also made significant contributions to the Company including advising on and negotiating many of our transactions and strategic initiatives and relationships. This is a very-well deserved promotion, and we are excited to promote David into this role.”
“I am grateful for the opportunity to succeed Barry in a role that is vital to the continued success of the Company. Since joining Sinclair I have been fortunate to work alongside the many accomplished leaders in the Company and a top-notch legal staff in implementing our Company’s strategy in a wide range of areas including operations, developing businesses and industry initiatives,” commented David Gibber. “I look forward to my role in this expanded leadership position and continued collaboration as we build a stronger and more valuable Company.”
Mr. Faber has served as Sinclair’s General Counsel since 1999, as well as either Executive Vice President or Vice President – Distribution and Network Relations since 2008. From 1996 to 1999 Mr. Faber served as Sinclair’s Associate General Counsel. Mr. Faber is a graduate of the University of Virginia and the University of Virginia School of Law.
Mr. Gibber joined Sinclair in 2011 and has served as Vice President/Deputy General Counsel, Deputy General Counsel/Director of Legal Services and Legal Counsel. Prior to joining Sinclair, he was an associate at Gordon Feinblatt, LLC in Baltimore, Maryland. Mr. Gibber received his J.D. degree from the University of Maryland School of Law, where he graduated magna cum laude, Order of the Coif. Mr. Gibber also sits on the board of directors of various charitable and community organizations.
Sinclair is one of the largest and most diversified television broadcasting companies in the country. The Company owns, operates and/or provides services to 191 television stations in 89 markets. Sinclair is a leading local news provider in the country and is dedicated to impactful journalism with a local focus. The Company has multiple national networks, live local sports production, as well as stations affiliated with all the major networks. Sinclair’s content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.
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SOURCE Sinclair Broadcast Group, Inc.