Sinclair, Inc. (SBGI) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, SBGI's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
Scripps said it will carefully review and evaluate the proposal.
Sinclair believes scale is increasingly necessary in the broadcast TV industry and bought up the stake to pressure Scripps to strike a deal.
Sinclair (SBGI) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.65. This compares to earnings of $1.28 per share a year ago.
I recently bought Sinclair shares on the pullback, seeing strong value ahead of industry M&A and Sinclair's strategic review. Sinclair's Ventures segment holds significant cash and investments, providing a clear path to unlock shareholder value through M&A or other strategic moves. The current M&A cycle in broadcast TV is heating up, and Sinclair is well-positioned to be a consolidator, leveraging its cash for accretive deals.
Nexstar Media Group has already been in talks to buy Tegna.
The company is weighing up making deals and a spin- or split-off of its Ventures business, which includes Tennis Channel.
Sinclair, one of the largest owners of U.S. broadcast stations, is beginning a strategic review of its broadcast business that could result in a merger, CNBC has learned. The company is also looking to separate or spinoff its Sinclair Ventures business, which includes pay-TV network The Tennis Channel.
Sinclair, Inc. (NASDAQ:SBGI ) Q2 2025 Earnings Conference Call August 6, 2025 4:30 PM ET Company Participants Christopher C. King - Vice President of Investor Relations Christopher S.
Business interests and centrists beat back the socialist author's bid for California governor.
Sinclair, Inc. (NASDAQ:SBGI ) Q1 2025 Earnings Conference Call May 7, 2025 4:30 PM ET Company Participants Christopher King - Vice President of Investor Relations Christopher Ripley - President & CEO Lucy Rutishauser - EVP and CFO Robert Weisbord - COO & President of Local Media Conference Call Participants Daniel Kurnos - Benchmark Aaron Watts - Deutsche Bank Steven Cahall - Wells Fargo Benjamin Soff - Deutsche Bank David Hamburger - Morgan Stanley Operator Good day, everyone and welcome to the Sinclair, Inc. First Quarter 2025 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode.
Sinclair (SBGI) came out with a quarterly loss of $2.18 per share versus the Zacks Consensus Estimate of a loss of $1.78. This compares to earnings of $0.43 per share a year ago.