{"id":13386,"date":"2013-10-30T14:55:56","date_gmt":"2013-10-30T18:55:56","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=13386"},"modified":"2013-11-20T15:10:40","modified_gmt":"2013-11-20T20:10:40","slug":"sinclair-broadcast-group-5","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2013\/10\/30\/sinclair-broadcast-group-5\/","title":{"rendered":"Sinclair Broadcast Group"},"content":{"rendered":"
By Zack Phillips<\/pre>\n
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Sinclair Broadcast Group Logo (courtesy of www.sbgi.net) [1]<\/a><\/p><\/div>\n
Sinclair Broadcast Group, Inc.<\/strong>
\n10706 Beaver Dam Road
\nHunt Valley, Maryland 21030
\n(410) 568-1500
\nhttp:\/\/www.sbgi.net<\/a><\/p>\n
ABOUT THE COMPANY [2]<\/a>:<\/strong><\/p>\n
Sinclair Broadcast Group, Inc. (SBG), founded in 1986, currently owns, operates, programs, or provides sales services to 163 television stations in 77 markets across the United States. Sinclair’s television group reaches approximately 38.7% of U.S. television households and includes FOX<\/a>, ABC<\/a>, MyTV<\/a>, CW<\/a>, CBS<\/a>, NBC<\/a>, Univision<\/a>, and Azteca<\/a> affiliates.\u00a0SBG also owns four radio stations in the Seattle-Tacoma market.<\/p>\n
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Sinclair Broadcast Group’s Network Logos (courtesy of http:\/\/www.sbgi.net) [1]<\/a><\/p><\/div>Sinclair fully owns and operates 46 stations while the rest are operated under local market agreements [3]<\/a>. As of 2006, Sinclair became the largest FOX and MyNetworkTV affiliate group, the second largest ABC affiliate group, and the third largest CW affiliate group in the country [4]<\/a>.<\/p>\n
Sinclair also directly, or through its Ventures subsidiary, makes equity investments in strategic companies. In turn, SBG currently holds equity interests in Acrodyne Technical Services, Dielectric, Sterling Venture Partners,\u00a0Allegiance Capital Limited Partnership, Patriot Capital II, and\u00a0Ring of Honor Wrestling Entertainment [5]<\/a>.<\/p>\n
KEY EXECUTIVES [6]<\/a>:<\/strong><\/p>\n
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[7] <\/a>David Smith, President and CEO (courtesy of www.mije.org)<\/p><\/div>David Smith<\/a> – President, Chief Executive Officer
\nDavid Amy<\/a> – Executive Vice President, Chief Financial Officer
\nDavid Bochenek<\/a> – Vice President, Chief Accounting Officer
\nSteven Marks<\/a> – Vice President, Chief Operating Officer, Television Division<\/p>\n
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For more information on Sinclair Broadcast Group’s Executives, click here<\/a>.<\/p>\n
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OWNERSHIP AND DEVELOPMENT HISTORY [4]<\/a>:<\/strong><\/p>\n
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Julian Sinclair, Founder (courtesy of www.sbgi.net) [1]<\/a><\/p><\/div>In 1971, Julian Smith founded the Chesapeake Television Corporation which later changed its name to Sinclair Broadcast Group in 1986. In 1990, David Smith and his three brothers bought the remaining company stock from their parents and, in 1995, Sinclair became publicly listed.\u00a0 From 1996-98, Sinclair became the nation’s largest non-network owned commercial television broadcasting company after acquiring River City Broadcasting, Heritage, Sullivan Broadcasting, and Max Media. In 1999, Sinclair led a broadcasters’ petition to the FCC to give broadcasters the choice between 8VSB or COFDM standard, allowing for digital signals to reach more locations. In 2007, Sinclair and 8 other broadcasters and networks founded the Open Mobile Video Coalition (OMVC) <\/a>to assess mobile TV business applications.<\/p>\n
FINANCIAL INFORMATION [8]<\/a>:<\/strong><\/p>\n
For the third quarter of 2013 (June 30th to September 30th), SBG’s net broadcast revenues increased 34.7% to $303.0 million, versus $225.0 million in third quarter of 2012. Operating income decreased 7.1% to $72.8 million, compared to $78.4 million in the prior year period, and net income totaled $36.3 million compared to $26.2 million in the prior year period. In the report, Sinclair also stated that diluted earnings per common share were $0.36 compared to $0.32 in the the third quarter of 2012.<\/p>\n
RECENT NEWS:<\/strong><\/p>\n