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SBGI Sinclair Broadcast

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
Employees
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 • Nexstar Media • Entravision Communications • Phoenix New Media ...
SEC CIK
0000912752
Corporate docs
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

SBGI stock data

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News

Pro users get this 30m faster
Sinclair Broadcasting Group, Bally's Corporation Formally Rebrand Regional Sports Networks As Bally Sports
31 Mar 21
Sinclair Broadcast Group and Bally's Corporation Formally Rebrand Regional Sports Networks as Bally Sports, Ushering in New Era for Live Sports Next Generation of Bally Sports is the First of Many Milestones within
Stocks That Hit 52-Week Highs On Friday
12 Mar 21
Before 10 a.m. ET on Friday, 571 companies hit new 52-week highs.
Stocks That Hit 52-Week Highs On Thursday
11 Mar 21
On Thursday morning, 420 companies hit new 52-week highs.
Stocks That Hit 52-Week Highs On Wednesday
10 Mar 21
Sinclair Broadcast Group: Q4 Earnings Insights
24 Feb 21

Press releases

Pro users get this 30m faster
Sinclair Closes Partial Refinancing and Extension of STG Credit Facilities
1 Apr 21
Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (NASDAQ:SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. ("STG"), has entered into the Third Amendment ("Third
Sinclair Broadcast Group and Bally's Corporation Formally Rebrand Regional Sports Networks as Bally Sports, Ushering in New Era for Live Sports
31 Mar 21
Next Generation of Bally Sports is the First of Many Milestones within the Sinclair and Bally's Partnership Today, Sinclair Broadcast Group (NASDAQ:SBGI) and Bally's Corporation (NYSE:BALY) announced the official
Sinclair Broadcast Group Congratulates TSDSI and ATSC for Signing Standards Adoption Agreement
29 Mar 21
ATSC 3.0 Comes to India Sinclair Broadcast Group, Inc. ("Sinclair") (NASDAQ:SBGI) and ONE Media 3.0, LLC ("ONE Media") applaud the Telecom Standards Development Society, India (TSDSI) and the Advanced Television
Major Broadcasters Launch NEXTGEN TV on Three Local Television Stations in Syracuse, NY
23 Mar 21
Major Broadcasters Launch NEXTGEN TV on Five Local Television Stations in Buffalo, New York
18 Mar 21

Calendar

1 Mar 21
11 Apr 21
31 Dec 21

Financial summary

Financial statements Chart SBGI financial data
Quarter (USD)
 Dec 20 Sep 20 Jun 20 Mar 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) 1.26B 1.26B 1.26B 1.26B 1.26B 1.26B
Cash burn (monthly) (positive/no burn) 5.92M (positive/no burn) 231M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 19.97M n/a 779.62M n/a n/a
Cash remaining n/a 1.24B n/a 482.38M n/a n/a
Runway (months of cash) n/a 209.9 n/a 2.1 n/a 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
8 Apr 21 Smith J Duncan Class A Common Stock Sell Dispose S No No 30.0078 150,000 4.5M 185
8 Apr 21 Smith J Duncan Class A Common Stock Other Aquire J No No 0 150,000 0 150,185
8 Apr 21 Smith J Duncan Class B Common Stock Class B Common Stock Other Dispose J No No 0 150,000 0 5,907,077
7 Apr 21 Smith J Duncan Class A Common Stock Sell Dispose S No No 30.0858 65,036 1.96M 185
7 Apr 21 Smith J Duncan Class A Common Stock Other Aquire J No No 0 65,036 0 65,221
7 Apr 21 Smith J Duncan Class B Common Stock Class B Common Stock Other Dispose J No No 0 65,036 0 6,057,077
6 Apr 21 Smith J Duncan Class A Common Stock Sell Dispose S No No 30.0288 48,243 1.45M 185
6 Apr 21 Smith J Duncan Class A Common Stock Other Aquire J No No 0 48,243 0 48,428
6 Apr 21 Smith J Duncan Class B Common Stock Class B Common Stock Other Dispose J No No 0 48,243 0 6,122,113
5 Apr 21 Barry Faber Class A Common Stock Payment of exercise Dispose F No No 30.01 5,521 165.69K 27,708
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

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.

90.6% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 197 169 +16.6%
Opened positions 50 19 +163.2%
Closed positions 22 35 -37.1%
Increased positions 55 47 +17.0%
Reduced positions 59 65 -9.2%
13F shares
 Current Prev Q Change
Total value 1.46B 840.2M +73.9%
Total shares 45.88M 43.62M +5.2%
Total puts 507.5K 531.4K -4.5%
Total calls 2.27M 1.46M +54.8%
Total put/call ratio 0.2 0.4 -38.3%
Largest owners
 Shares Value Change
HG Vora Capital Management 4.75M $151.29M -4.0%
Vanguard 4.29M $136.73M +4.4%
Conifer Management, L.L.C. 4.15M $132.34M 0.0%
Contrarius Investment Management 3.55M $112.92M +14.8%
BLK Blackrock 3.43M $109.11M +1.9%
MS Morgan Stanley 2.63M $83.76M +252.3%
Vaughan Nelson Investment Management 1.57M $50.02M +12.3%
GBL Gamco Investors 1.35M $43M +12.0%
Rubric Capital Management 1.01M $32.03M NEW
STT State Street 922.01K $29.37M -2.8%
Largest transactions
 Shares Bought/sold Change
MS Morgan Stanley 2.63M +1.88M +252.3%
AFG American Financial 0 -1.1M EXIT
Rubric Capital Management 1.01M +1.01M NEW
JPM JPMorgan Chase & Co. 737.31K -802.54K -52.1%
RY Royal Bank Of Canada 28.72K -726.51K -96.2%
Norges Bank 588.07K +588.07K NEW
140 Summer Partners 468.49K +468.49K NEW
Contrarius Investment Management 3.55M +457.65K +14.8%
Alden Global Capital 654.11K -450K -40.8%
Hein Park Capital Management 391.84K +391.84K NEW
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: abandoned, abbreviated, AG, agility, ago, Amberly, anchor, AP, argument, artificial, attending, Aviation, Bally, BitPath, Branch, breakage, built, cautionary, celebrate, certiori, churn, clarity, classic, comparison, Compromise, consecutive, conversion, cope, cornerstone, correct, covid, cured, curtailing, datacasting, daughter, decipher, Deerfield, disability, discontinuation, discontinued, discrimination, Disease, disseminating, distancing, DLOM, Donald, doubling, downgrade, drew, drop, dropped, dropping, DSPV, duration, embracing, erosion, esport, essential, ethical, exempt, exhaustive, feedback, flat, Flight, fluidity, forgo, foster, fragmentation, FSN, gamification, gather, gathered, grounded, halted, harassment, headline, Headliner, healthcare, heard, heat, hedging, heightened, hired, hiring, hour, HVAC, idea, illegal, imposition, instability, installed, intelligence, Interbank, interruption, IRC, Jan, Jason, Jeff, Jeffcoat, Jeffrey, job, judgement, KBSI, Kettle, Kim, Korea, Krolik, learn, leave, lever, logo, London, lowest, macroeconomy, magnified, McCabe, Medicine, mental, migrate, migration, Milwaukee, mitigate, NAL, Nashville, neglect, onset, oral, outbreak, outlook, outperform, Paducah, pandemic, paper, pari, passu, penny, percent, perpetual, pioneer, Playfly, postponed, postponement, precautionary, preliminarily, preseason, pressing, pretrial, pride, proactively, programmer, prolonged, proper, proprietary, proved, quarantine, race, rapid, rapidly, rebate, rebrand, rebranded, recreational, recruiting, recruitment, recycling, refinancing, rehire, reluctant, remarkable, Remote, remotely, requestor, residing, resumed, resumption, revealed, Rock, rollover, Rosenberg, RSA, safe, sample, satisfactory, securitization, seller, sensitive, shelter, sick, simulcast, skewed, slowdown, solving, son, spark, SPV, stakeholder, strict, suffer, Suisse, Summit, Sun, suspended, suspension, Taxation, temporarily, Tomorrow, trailing, transport, unbalanced, University, unusual, unutilized, vaccination, version, vertically, vital, WDKA, WGFL, Wilmington, winding, winner, Wisconsin, WZTV, XT, Zeigler, Zyp
Removed: abroad, accusing, addressable, adversarial, alarm, Allegiance, Amy, Angelo, appetite, arbitrary, armed, auctioned, Bonten, box, brokerage, CA, Carolyn, chip, clearance, CMS, comparability, compliment, coordinate, delisted, delisting, detriment, directed, diverting, domestically, Duopoly, encompassing, Esteem, Eureka, exclusively, explicitly, faced, featuring, flexible, FM, food, forefront, geopolitical, honored, Hopman, household, illiquidity, incident, initiated, innovator, interfere, interpreted, interpreting, main, membership, mention, Missoula, mother, MT, nationwide, natural, NC, NRV, obsolescence, opposite, Patriot, payola, phone, portal, processing, programmatic, promised, promissory, publish, realizable, reallocated, repayment, repeal, responded, restore, retrospectively, sponsored, SSA, staffed, stricter, studio, taxing, tenant, Terrorism, terrorist, timeframe, transact, Treasurer, TX, upgrading, viable, violating, violence, voted, war, writing
From filing 10-K 2020 FY

Financial reports

View all
10-K
2020 FY
Annual report
1 Mar 21
10-Q
2020 Q3
Quarterly report
9 Nov 20
10-Q
2020 Q2
Quarterly report
10 Aug 20
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
2 Mar 20
10-Q
2019 Q3
Quarterly report
12 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
10 May 19
10-K
2018 FY
Annual report
1 Mar 19
10-Q
2018 Q3
Quarterly report
8 Nov 18

Current reports

View all
8-K
Entry into a Material Definitive Agreement
1 Apr 21
8-K/A
Regulation FD Disclosure
17 Mar 21
8-K
Other Events
15 Mar 21
8-K
Cost Associated with Exit or Disposal Activities
5 Mar 21
8-K
Amendments to Articles of Incorporation or Bylaws
25 Feb 21
8-K
Sinclair Reports Fourth Quarter 2020 Financial Results
24 Feb 21
8-K
Sinclair Closes Private Offering of Senior Secured Notes
4 Dec 20
8-K
Sinclair Reports Third Quarter 2020 Financial Results
4 Nov 20
8-K
Sinclair Announces New Accounts Receivable Securitization Facility
25 Sep 20
8-K
Other Events
10 Aug 20

Registration and prospectus

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S-3ASR
Automatic shelf registration
24 Mar 21
S-3ASR
Automatic shelf registration
27 Mar 18
S-8
Registration of securities for employees
15 Mar 18
425
Business combination disclosure
2 Oct 17
425
Business combination disclosure
13 Sep 17
424B3
Prospectus supplement
5 Sep 17
425
Business combination disclosure
22 Aug 17
S-4/A
Registration of securities issued in business combination transactions (amended)
15 Aug 17
425
Business combination disclosure
2 Aug 17
425
Business combination disclosure
26 Jul 17

Proxies

View all
PX14A6G
Letter to shareholders
19 May 20
DEF 14A
Definitive proxy
22 Apr 20
PX14A6G
Letter to shareholders
22 May 19
DEF 14A
Definitive proxy
28 Apr 19
DEF 14A
Definitive proxy
26 Apr 18
DEF 14A
Definitive proxy
20 Apr 17
DEF 14A
Definitive proxy
28 Apr 16
PRE 14A
Preliminary proxy
11 Apr 16
DEF 14A
Definitive proxy
21 Apr 15
DEF 14A
Definitive proxy
24 Apr 14

Other

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UPLOAD
Letter from SEC
23 Jun 20
CORRESP
Correspondence with SEC
17 Jun 20
UPLOAD
Letter from SEC
8 Jun 20
EFFECT
Notice of effectiveness
5 Sep 17
CORRESP
Correspondence with SEC
31 Aug 17
CORRESP
Correspondence with SEC
14 Aug 17
UPLOAD
Letter from SEC
30 Jul 17
EFFECT
Notice of effectiveness
17 Dec 13
EFFECT
Notice of effectiveness
15 Apr 13
EFFECT
Notice of effectiveness
15 Apr 13

Ownership

View all
4
SINCLAIR BROADCAST / J DUNCAN SMITH ownership change
9 Apr 21
4
SINCLAIR BROADCAST / J DUNCAN SMITH ownership change
7 Apr 21
4
SINCLAIR BROADCAST / BARRY FABER ownership change
6 Apr 21
4
SINCLAIR BROADCAST / J DUNCAN SMITH ownership change
5 Apr 21
4
SINCLAIR BROADCAST / J DUNCAN SMITH ownership change
31 Mar 21
4
SINCLAIR BROADCAST / DAVID D SMITH ownership change
23 Mar 21
4/A
SINCLAIR BROADCAST / Justin LeRoy Bray ownership change
22 Mar 21
4
SINCLAIR BROADCAST / DAVID D SMITH ownership change
19 Mar 21
4
SINCLAIR BROADCAST / Robert Weisbord ownership change
17 Mar 21
4
SINCLAIR BROADCAST / DAVID R BOCHENEK ownership change
17 Mar 21

Patents

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GRANT
Utility
Break state detection for reduced capability devices
6 Apr 21
Systems, methods, and devices are described herein for placing secondary content into a break of unknown duration in a stream of primary content.
APP
Utility
Content Presentation Analytics and Optimization
18 Mar 21
Techniques are described herein for optimizing the presentation of content through obtaining viewership metrics, generating multiple renditions of presentations of content, and selecting optimized renditions of content.
GRANT
Utility
Broadcast relaying via cooperative multi-channel transmission
16 Mar 21
Systems and methods for relaying in broadcast single-frequency networks are disclosed herein.
APP
Utility
Content Segmentation and Time Reconciliation
11 Mar 21
Systems, devices and methods are described herein for segmentation of content, and more specifically for segmentation of content in a content management system.
GRANT
Utility
Break state detection in content management systems
16 Feb 21
Systems, methods, and devices are described herein for placing secondary content into a break of unknown duration in a stream of primary content.

Transcripts

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2020 Q4
Earnings call transcript
24 Feb 21
2020 Q3
Earnings call transcript
4 Nov 20
2020 Q3
Earnings call transcript
4 Nov 20
2020 Q2
Earnings call transcript
5 Aug 20
2020 Q1
Earnings call transcript
6 May 20
2019 Q4
Earnings call transcript
26 Feb 20
2019 Q3
Earnings call transcript
6 Nov 19
2019 Q2
Earnings call transcript
7 Aug 19
2019 Q1
Earnings call transcript
8 May 19
2018 Q4
Earnings call transcript
27 Feb 19

Reddit threads

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