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Sinclair Broadcast Group Inc Class A - Stock Quote SBGI

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Morningstar's Sinclair Broadcast Group Inc Class A Stock Analysis

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Sinclair Is Turning to DTC To Spark Growth for Its RSNs

Neil Macker, CFA Senior Equity Analyst

Business Strategy and Outlook

| Neil Macker, CFA |

Sinclair Broadcast Group is the second-largest television station operator in the United States, with 185 stations in 85 markets. Via the 2019 purchase of Fox Sports Networks, Sinclair is now also the largest owner or operator of regional sports networks with 21.

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Sinclair Broadcast Group Inc Class A's Company Profile

Business Description

Sinclair Broadcast Group Inc is the second-largest television station operator in the U.S., with 185 stations in 85 markets. Of the firm's over 600 channels, over 150 are affiliated with the four national broadcasters--Fox, ABC, CBS, and NBC --with over 80 other channels on networks aligned with CBS (CW) and Fox (MyNetworkTV). Via the 2019 purchase of Fox Sports Networks from Disney, Sinclair is now the largest owner or operator of regional sports networks with 21 Fox-branded RSNs covering 42 NBA, MLB, and NHL teams along with the new home of the Chicago Cubs, Marquee Sports Network. The firm also owns the Tennis Channel, four multicast networks, and professional wrestling promotion Ring of Honor. The company has two reportable segments: Broadcast and Local sports.

Contact
10706 Beaver Dam Road
Hunt Valley, MD, 21030
T +1 410 568-1500
Industry Entertainment
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type High Yield
Employees 11,500