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Sinclair Broadcast Group Inc (SBGI.OQ)

SBGI.OQ on NASDAQ Stock Exchange Global Select Market

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12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Sinclair Raises Additional Term Loans And Amends Bank Credit Agreement
4:19am IST 

Dec 12 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR RAISES ADDITIONAL TERM LOANS AND AMENDS BANK CREDIT AGREEMENT.SINCLAIR BROADCAST GROUP - SINCLAIR TELEVISION RAISED NEW INCREMENTAL TERM B LOANS AND AMENDED CERTAIN TERMS OF ITS EXISTING CREDIT FACILITY.SINCLAIR BROADCAST - PROCEEDS FROM LOANS, ARE EXPECTED TO BE USED TO PURCHASE OUTSTANDING SHARES OF TRIBUNE MEDIA, REFINANCE TRIBUNE'S INDEBTEDNESS.SINCLAIR BROADCAST GROUP - SINCLAIR RAISED $3.725 BILLION OF NEW TERM B LOANS MATURING 2024 & PRICED AT LIBOR PLUS 2.50%.  Full Article

Tribune media company reports Q3 EPS of $0.31
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Tribune Media Co :Tribune media company reports third quarter 2017 results.Q3 adjusted earnings per share $0.31.Q3 loss per share $0.21 from continuing operations.q3 revenue $450.5 million versus I/B/E/S view $461.1 million.Q3 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.Operating results in quarter negatively impacted by higher program impairment charges at WGN America​.In light of previously announced transaction with Sinclair, co is not providing financial guidance for full year 2017​.  Full Article

Sinclair Broadcast Group Q3 earnings per share $0.30
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Sinclair Broadcast Group Inc ::Sinclair reports year-to-date growth; reports third quarter 2017 financial results.Sees Q4 barter and trade revenue about $33 million.Q3 earnings per share $0.30.Q3 revenue $670.9 million versus I/B/E/S view $671.7 million.Q3 earnings per share view $0.39 -- Thomson Reuters I/B/E/S.Says ‍expects deal with Tribune will close in early 2018.Sees Q4 routine capital expenditures of about $29 million, with another $11 million of capex related to Spectrum Repack​.Says qtrly revenue included $3.1 million impact of hurricane season and other one-time adjustments​.  Full Article

Tribune Media stockholders approve Sinclair Merger
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Tribune Media Co ::Tribune Media Company stockholders approve Sinclair Merger.Tribune media - ‍more than 99 percent of votes cast by co's Class A stockholders and Class B stockholders voted to approve merger with Sinclair Broadcast.  Full Article

Sinclair may sell TV stations for up to $1 bln to satisfy FCC - Bloomberg
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - :Sinclair may sell TV stations for up to $1 billion to satisfy FCC - Bloomberg, citing sources.  Full Article

Sinclair Broadcast Group Inc and CBS announce affiliation agreement renewals
Tuesday, 12 Sep 2017 

Sept 11 (Reuters) - Sinclair Broadcast Group Inc:Sinclair Broadcast Group Inc. and CBS announce affiliation agreement renewals.Says Co, ‍CBS Corp announced multi-year deal that renews 3 station affiliation agreements that were set to expire at end of 2018​.Says four agreements have been renewed to be co-terminus with four CBS affiliations which were renewed earlier this year.Says CBS also renewed affiliation set to expire at 2018 end with station that co provides sales,other services to under joint sales deal.  Full Article

Nexstar Media and Sinclair Broadcast to establish a Consortium
Wednesday, 15 Mar 2017 

Nexstar Media Group Inc : Nexstar Media Group and Sinclair Broadcast Group establish consortium to promote broadcast spectrum aggregation, innovation and monetization .CO, Sinclair agreed to collaborate on non-exclusive basis,consortium intent on exploring inclusion of other television broadcasting entities.  Full Article

IBEW Decertified at Sinclair Station, WTOV, in Steubenville, Ohio
Tuesday, 14 Feb 2017 

Sinclair Broadcast Group Inc : on Dec 29, 2016, employees of station in Steubenville, OH, WTOV (Nbc/Fox), filed petition with National Labor Relations Board (NLRB) . Petition was filed to decertify International Brotherhood Of Electrical Workers (IBEW) local union 246 . All employees who voted elected to no longer have representation by IBEW .On February 2, 2017, WTOV received official notice from NLRB that it had certified results of election.  Full Article

Sinclair Broadcast Group and Frontier Communications reach agreement
Friday, 10 Feb 2017 

Sinclair Broadcast Group : Sinclair Broadcast Group And Frontier Communications Reach Agreement .Sinclair Broadcast-Agreement For Carriage Of Tennis Channel, Co's Broadcast Television Stations In Seattle And Portland & Several Stations.  Full Article

Sinclair to amend and extend bank credit agreement
Monday, 12 Dec 2016 

Sinclair Broadcast Group Inc: Unit intends to amend certain terms and extend maturity date of certain loans under its existing bank credit facility . Sinclair is also seeking to and revisions to certain covenant ratio requirements under facility . Sinclair is seeking to extend maturity date of its term b loans from April 9, 2020 and July 31, 2021 to January 2024 . Sinclair is also seeking to add additional operating flexibility, including a reduction in certain pricing terms related to loans .Sinclair to amend and extend bank credit agreement.  Full Article