Last $29.05 USD
Change Today +0.171 / 0.59%
Volume 583.2K
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

10706 Beaver Dam Road

Hunt Valley, MD 21030

United States

Phone: 410-568-1500

Fax: 410-568-1533

Sinclair Broadcast Group, Inc., a diversified television broadcasting company, owns or provides certain programming, operating or sales services to television stations pursuant to broadcasting licenses that are granted by the Federal Communication Commission (FCC). The company owned and provided programming and operating services pursuant to local marketing agreements (LMAs) to 149 television stations in 71 markets, as of December 31, 2013. The company’s broadcast group includes the following network affiliations: FOX (39 stations); CBS (25 stations); ABC (19 stations); NBC (16 stations); The CW (23 stations); MyNetworkTV (20 stations; not a network affiliation; however, it is branded as such); Univision (5 stations), Azteca (1 station) and 1 independent station. In addition, certain stations broadcast programming on second and third digital signals through network affiliation or program service arrangements with CBS, ABC, and NBC (certain signals are rebroadcasted content from other primary channels within the same market), FOX, The CW, MyNetworkTV, This TV, ME TV, Weather Radar, Weather Nation, Live Well Network, Antenna TV, Bounce Network, Zuus Country Network, Retro TV, Estrella TV, MundoFox, Tele-Romantica, Inmigrante TV, Azteca and Telemundo. The company broadcasts free over-the-air programming to television viewing audiences in the communities the company serves through its local television stations. The programming that the company provides on its primary station channels consists of network provided programs, news produced locally, local sporting events, programming from program service arrangements, syndicated entertainment programs and other locally produced programs, such as Ring of Honor wrestling. The company produces news at 84 stations in 47 markets, including 1 station where the company produces news pursuant to a local news sharing arrangement with a competitive station in that market. The company provides live local sporting events on its stations by acquiring the local television broadcast rights for these events. Additionally, the company purchases and barters for popular syndicated programming from third party television producers. Strategy The company seeks to target its programming offerings to attract viewership, to meet the needs of the communities in which it serves and to meet the needs of advertising customers. Its strategy also includes the following elements: attracting and retaining high quality management; developing local franchises; and developing new business. Significant Events In August 2014, Sinclair Broadcast Group, Inc. announced that it has launched Sinclair Original Programming (SOP), a division of the company involved in the creation and development of original content. SOP's focus would be on entertainment content and business-to-consumer content such as infomercials and direct response commercials. History Sinclair Broadcast Group, Inc. was founded in 1952.

 

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SBGI

Industry Average

Valuation SBGI Industry Range
Price/Earnings 28.5x
Price/Sales 1.7x
Price/Book 7.8x
Price/Cash Flow 9.9x
TEV/Sales NM Not Meaningful
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