Last $29.86 USD
Change Today +0.42 / 1.43%
Volume 548.5K
SBGI On Other Exchanges
As of 1:30 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

sinclair broadcast group -a (SBGI) Snapshot

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01/7/14 - $37.50
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08/29/13 - $23.85
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sinclair broadcast group -a (SBGI) Details

Sinclair Broadcast Group, Inc., a diversified television broadcasting company, owns and operates, programs, or provides sales services to television stations in the United States. It broadcasts free over-the-air programming, such as network provided programs, news produced locally, local sporting events, programming from program service arrangements, syndicated entertainment programs, and other locally produced programs. The company owns and provides programming and operating services pursuant to local marketing agreements, or provides sales services pursuant to outsourcing agreements to 167 television stations in 77 markets. It also offers sign design and fabrication services; and security alarm monitoring and bulk acquisition services. In addition, the company invests in various real estate ventures, including developmental land, and operating commercial and multi-family residential real estate properties and apartments, as well as in private equity and structured debt/mezzanine financing investment funds. Further, it manufactures and services television broadcast antennas and transmitters. The company was founded in 1986 and is headquartered in Hunt Valley, Maryland.

6,400 Employees
Last Reported Date: 03/3/14
Founded in 1986

sinclair broadcast group -a (SBGI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.0M
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $753.0K
Co-Chief Operating Officer of Sinclair's Tele...
Total Annual Compensation: $825.0K
Executive Vice President and General Counsel
Total Annual Compensation: $725.4K
Senior Vice President of Corporate Finance an...
Total Annual Compensation: $334.7K
Compensation as of Fiscal Year 2013.

sinclair broadcast group -a (SBGI) Key Developments

Sinclair Names Mike Kralec as Vice President of Data Systems and Information Technology Services

Sinclair Broadcast Group, Inc. announced that Mike Kralec has been named to the newly-created position of Vice President of Data Systems and Information Technology Services. The announcement was made by Del Parks, Senior Vice President of Operations & Engineering at Sinclair. Mr. Kralec will report to Del Parks and will be responsible for the Company's overall information technology tiers including services, operations and systems. In his previous position, he was responsible for the Company's internal, external, and mobile software development efforts and application support, database management, systems integration and ownership over IT controls and processes.

Sinclair Television Group Enters into Amendment and Restatement of its Credit Agreement with JPMorgan Chase Bank

On July 31, 2014, Sinclair Television Group, Inc. (STG), a wholly-owned subsidiary of Sinclair Broadcast Group, Inc., entered into an amendment and restatement of its credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, the guarantors party thereto and the lenders party thereto. Pursuant to the Amendment, STG raised $400.0 million of incremental term loan B commitments. The incremental term loan matures in July 2021. The term loans were issued at 99.75% of par and bears interest at LIBOR plus 2.75% with a 0.75% LIBOR floor. The proceeds, together with the proceeds of STG's offering of 5.625% notes and cash on hand, were used to finance the acquisition of the Allbritton companies on July 31, 2014. Additionally, in connection with the Amendment, $327.7 million of term loan A, including $72.5 million of the remaining $108.2 million delayed draw term loan A commitments, were converted into revolving commitments. The company have $361.2 million of committed term loan A, which consists of $325.5 million currently outstanding and $35.7 million under the delayed draw to be borrowed on or before December 31, 2014, and have $485.2 million in revolving commitments. The company also amended certain terms of the Bank Credit Agreement, including, but not limited to, increased flexibility in dispositions related to requirements of regulatory authorities, an increase in the non-TV/radio acquisition capacity, the elimination of certain maintenance financial covenants, an increase to the first lien indebtedness maintenance test from 3.75 to 1.00 to 4.00 to 1.00, and increased flexibility under certain restrictive covenants.

Sinclair Broadcast Group, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2014

Sinclair Broadcast Group, Inc. announced that its Board of Directors has increased and declared a quarterly cash dividend of $0.165 per share on the Company's Class A and Class B common stock. This is a 10% increase to the previous $0.15 quarterly dividend per share. The dividend is payable on September 15, 2014, to the holders of record at the close of business on August 29, 2014.


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