SBGI Sinclair Broadcast Dashboard

Sinclair Broadcast Group, Inc. is a publicly traded American telecommunications conglomerate which is controlled by the family of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations , owning or operating a total of 193 stations across the country in over 100 markets , many of which are located in the South and Midwest, and is the largest owner of stations affiliated with Fox, ABC, and The CW. Sinclair also owns four digital multicast networks , sports-oriented cable networks , and a streaming service , and owns or operates four radio stations in the Pacific Northwest. Among other non-broadcast properties, Sinclair also owns the professional wrestling promotion Ring of Honor and its streaming service Honor Club. A 2019 study in the American Political Science Review found that "stations bought by Sinclair reduce coverage of local politics, increase national coverage and move the ideological tone of coverage in a conservative direction relative to other stations operating in the same market."

Company profile

Ticker

SBGI

Exchange

NASDAQ

Website

sbgi.net/

CEO

Christopher Ripley

Incorporated

Maryland

Location

Maryland

Fiscal year end

Dec 31

Sector

Information > Television Broadcasting

Industry (SIC)

Television Broadcasting Stations

ViacomCBS • Fox • Tribune Media • Liberty Media Corp. • TEGNA • Central European Media Enterprises • Gray Television • E.W. Scripps • Nexstar Media • Entravision Communications ...

SEC CIK

0000912752

Corporate docs

Articles of Incorporation & Bylaws

IRS number

521494660

SEC advisor number

801-112035

FINRA CRD number

290206

AUM ?

$74.36M (as of 1 Jan 20)

Accounts

2 (as of 1 Jan 20)

Employees

4 (3 investment advisory or research)

Address

Sinclair Broadcast
10706 BEAVER DAM ROAD
HUNT VALLEY
MD 21030

Phone

4105681500

Brochures

Sinclair 2020 Adv Part II (29 Mar 20)

SBGI stock data

S&P 500

1M 1Y 2Y 5Y

News

Pro users get this 30m faster

If You Bet $100 On Every Detroit Tigers Game In April And May, Here's How Much Money You'd Have Now

2 Jun 21

The Detroit Tigers have turned in a down season as expected. Here’s a look at how bettors have performed in April and May 2021 if they bet on every Tigers game. What Happened: The Detroit Tigers came out of May with a 22-32 record, including a 13-15 home record and 9-17 away record.

If Sports Content Is King, Sinclair's DTC Model Could Be A Home Run

8 May 21

Sinclair Broadcast Group Inc (NASDAQ: SBGI) acquired the regional sports channels from the Walt Disney Co (NYSE: DIS) in 2019.

Earnings Scheduled For May 5, 2021

5 May 21

Companies Reporting Before The Bell • Monmouth Real Estate (NYSE:MNR) is likely to report earnings for its second quarter.

Sinclair Broadcast Group Says Partners With Operative Media's AOS To 'Reinvent How Media is Transacted'

4 May 21

Why Mario Gabelli Sees 50% Upside In Sinclair Broadcast Group

19 Apr 21

Press releases

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Sinclair to Webcast 2021 Annual Meeting of Stockholders

9 Jun 21

Sinclair Broadcast Group, Inc. (the "Company") (NASDAQ:SBGI) announced today that its annual stockholders meeting, scheduled for June 28th, will be webcast on its website, www.sbgi.net. Certain members of the Board of

BitPath, CAST.ERA and ONE Media Demonstrate "Enhanced GPS" Using NextGen Broadcast Standard

2 Jun 21

BitPath, CAST.ERA and ONE Media demonstrated today dramatic new use cases for the NextGen Broadcast (ATSC 3.0) standard. GPS enhancement data was broadcast proving the ability to enhance the accuracy of the Global

Sinclair Broadcast Group Named to Fortune 500 List

2 Jun 21

Highlighting Companies that Define American Corporate Success, This Achievement is the Culmination of Decades of Work as one of the Nation's Leading Local Broadcasters Sinclair Broadcast Group (NASDAQ:SBGI) is thrilled

Sinclair Announces Planned Retirement of Barry Faber, President of Distribution and Network Relations

25 May 21

Sinclair Broadcast Group's WBFF/Baltimore and WKRC/Cincinnati Honored with National Headliner Awards for Journalistic Excellence from the Press Club of Atlantic City

18 May 21

Calendar

10 May 21

13 Jun 21

31 Dec 21

Financial summary

Financial statements Chart SBGI financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	945M	945M	945M	945M	945M	945M
Cash burn (monthly)	105.67M	33.08M	(positive/no burn)	255.33M	68.67M	(positive/no burn)
Cash used (since last report)	259.59M	81.27M	n/a	627.26M	168.69M	n/a
Cash remaining	685.41M	863.73M	n/a	317.74M	776.31M	n/a
Runway (months of cash)	6.5	26.1	n/a	1.2	11.3	n/a

Beta Read what these cash burn values mean

Recent insider trades

SBGI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Jun 21	Smith Frederick G	Class A Common Stock	Sell	Dispose S	No	No	32.658	15,000	489.87K	689,000
9 Jun 21	Smith Frederick G	Class A Common Stock	Sell	Dispose S	No	No	33.3025	12,488	415.88K	704,000
8 Jun 21	Smith Frederick G	Class A Common Stock	Sell	Dispose S	No	No	33.4654	25,276	845.87K	716,488
7 Jun 21	Smith Frederick G	Class A Common Stock	Sell	Dispose S	No	No	33.4558	40,819	1.37M	741,764
4 Jun 21	Smith Frederick G	Class A Common Stock	Sell	Dispose S	No	No	33.309	58,204	1.94M	782,583
3 Jun 21	Smith Frederick G	Class A Common Stock	Sell	Dispose S	No	No	34.2416	314	10.75K	840,787
3 Jun 21	Smith Frederick G	Class A Common Stock	Sell	Dispose S	No	No	33.7346	62,899	2.12M	841,101
12 May 21	Mccanna Lawrence E	Class A Common Stock	Sell	Dispose S	No	No	33.0015	5,000	165.01K	22,650
12 Apr 21	Smith J Duncan	Class A Common Stock	Sell	Dispose S	No	No	30.0027	69,366	2.08M	185
12 Apr 21	Smith J Duncan	Class A Common Stock	Other	Aquire J	No	No	0	69,366	0	69,551

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

SBGI institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

80.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	182	197	-7.6%
Opened positions	33	50	-34.0%
Closed positions	48	22	+118.2%
Increased positions	45	55	-18.2%
Reduced positions	69	59	+16.9%

13F shares	Current	Prev Q	Change
Total value	3.01B	1.46B	+105.8%
Total shares	41.65M	45.88M	-9.2%
Total puts	126.8K	507.5K	-75.0%
Total calls	682K	2.27M	-69.9%
Total put/call ratio	0.2	0.2	-17.0%

Largest owners	Shares	Value	Change
HG Vora Capital Management	4.75M	$138.99M	0.0%
Vanguard	4.59M	$134.28M	+6.9%
BLK Blackrock	3.71M	$108.7M	+8.4%
Contrarius Investment Management	3.68M	$107.54M	+3.7%
Conifer Management, L.L.C.	2.88M	$84.4M	-30.6%
GS Goldman Sachs	2.16M	$63.25M	+1613.4%
GBL Gamco Investors	1.99M	$58.14M	+47.2%
Vaughan Nelson Investment Management	1.82M	$53.3M	+16.0%
STT State Street	893.95K	$26.16M	-3.0%
Gabelli Funds	791.1K	$23.15M	+80.4%

Largest transactions	Shares	Bought/sold	Change
MS Morgan Stanley	521.22K	-2.11M	-80.2%
GS Goldman Sachs	2.16M	+2.04M	+1613.4%
Conifer Management, L.L.C.	2.88M	-1.27M	-30.6%
Rubric Capital Management	0	-1.01M	EXIT
Alden Global Capital	0	-654.11K	EXIT
GBL Gamco Investors	1.99M	+636.87K	+47.2%
Norges Bank	0	-588.07K	EXIT
Arrowstreet Capital, Limited Partnership	562.39K	+562.39K	NEW
140 Summer Partners	0	-468.49K	EXIT
ATAC Neuberger Berman	0	-389.2K	EXIT

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Any references to the second, third, or fourth quarters are to the three months ended June 30, September 30, or December 31, respectively, for the year being discussed. We have two reportable segments, "broadcast" and "local sports," that are disclosed separately from our other and corporate activities.
The operating results of our broadcast segment are usually subject to cyclical fluctuations from political advertising. In even numbered years, political spending is usually significantly higher than in odd numbered years due to advertising expenditures preceding local and national elections. Additionally, every four years, political spending is usually elevated further due to advertising expenditures preceding the presidential election. Also, the second and fourth quarter operating results are usually higher than the first and third quarters’ because advertising expenditures are increased in anticipation of certain seasonal and holiday spending by consumers.
The operating results of our local sports segment are usually subject to cyclical fluctuations based on the timing and overlap of the MLB, NBA and NHL seasons. Usually, the second and third quarter operating results are higher than the first and fourth quarter operating results.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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From filing 10-Q 2021 Q1