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The 2024 federal election is still 18 months away, but the campaign spending is already underway. “In April we experienced the earliest spending from a presidential race in the company’s history, with early bookings from the Trump, DeSantis and Biden PACs,” Nexstar Media Group CFO Tom Carter told analysts in the company’s quarterly conference call. […]
When Sinclair Inc. confirmed the closure of five of its newsrooms in mid-size and smaller markets earlier this month, it signaled that a reckoning had arrived. Part of that was Sinclair itself having to concede the bankruptcy of its regional sports networks division, Diamond Sports, wasn’t nearly as quarantined from the rest of the company […]
Sinclair Inc.’s decision to close news departments at five stations and reduce staff at an unknown number of others continues to shake news departments across the country. The question now is whether other broadcast groups will follow Sinclair’s lead. Sinclair has never been a particularly news-centric company, showing far more interest in the development of […]
Sinclair Broadcast Group, Inc. , the Company or Sinclair, today reported financial results for the three months ended March 31, 2023. First Quarter Highlights: Exceeded key financial... | May 3, 2023
After reporting advertising and media revenues down for the first quarter, Sinclair Broadcast Group is guiding investors to another soft quarter. “We expect media revenues to decline compared to second quarter of 2022 due to the absence of political spending and continued year-over-year mid-single-digits subscriber churn. Second quarter core advertising is expected to be down […]