{"id":8808,"date":"2013-04-02T10:18:24","date_gmt":"2013-04-02T14:18:24","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=8808"},"modified":"2013-04-13T20:26:30","modified_gmt":"2013-04-14T00:26:30","slug":"sinclair-broadcast-group-4","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2013\/04\/02\/sinclair-broadcast-group-4\/","title":{"rendered":"Sinclair Broadcast Group"},"content":{"rendered":"
by Victoria Pane<\/pre>\n
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Sinclair Broadcasting Group Inc. is one of the largest broadcast companies to date. SBG owns and operates programs or provides sales services to 112 TV stations that span 61 markets nationwide. Sinclair Broadcasting Group reaches about 29.8% of U.S. TV households. Station affiliates include FOX, ABC, MyTV, CW, CBS, NBC, MTN and Azteca.<\/p>\n
Headquarters Address<\/strong>: 10706 Beaver Dam Road, Hunt Valley, Maryland 21030<\/p>\n
Telephone<\/strong>– (410)-568-1500<\/p>\n
Social Media-<\/strong> Facebook<\/a>\u00a0 LinkedIn<\/a><\/p>\n
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Executives<\/strong><\/p>\n
David Smith<\/a>– Chief Executive Officer<\/p>\n
David Amy<\/a>-Chief Financial Officer<\/p>\n
Steven Marks<\/a>– Chief Operating Officer<\/p>\n
Barry Faber<\/a>-Executive Vice President<\/p>\n
David Bochenek<\/a>-Chief Accounting Officer<\/p>\n
History<\/strong><\/p>\n
Located in Hunts Valley, Maryland, the Chesapeake Television Corporation was founded by Julian Sinclair Smith in 1971. Station ownership started in Baltimore (WBFF), Pittsburgh (WPTT\/WPMY) and Columbus (WTTE). The last of the remaining stocks were bought by Smith\u2019s four son is 1985 and since then the company has been named Sinclair Broadcasting Group. David B. Smith has served as<\/p>\n
\"url\"President and CEO since 1988, while the other three brothers hold various executive positions. With the help of the brothers the company has done nothing but grow in audience size and content range. The year 1995 changed it all when the company became publicly traded. Sinclair owns the majority of its stations, but they do operate some affiliates for the networks using local marketing agreements.<\/p>\n
Picture above[16]<\/p>\n
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See all stations under Sinclair’s control here<\/a><\/p>\n
Picture Right [17]<\/p>\n
Recent News<\/strong><\/p>\n
Since the beginning of the New Year SBG has been placing new General Managers in many of its markets across the country. On January 2, 2013. Noreen Parker was named GM of WTTA-TV (MY TV Tampa Bay) in Tampa, Florida. On January 3rd<\/sup> Sinclair announced that Jim Lapiana would be the new GM of WPGH-TV (Fox 53) and WPMY-TV (MNT 22) in Pittsburgh.\u00a0 Also on January 3rd<\/sup> Ronna Corrente was named GM of WDKY-TV (Fox 31) in Lexington, Kentucky. And lastly on March 7th<\/sup>, Terry Gaughan was named GM of WCGV-TV (My 24) and WVTV-TV (CW 18) in Milwaukee, Wisconsin.<\/p>\n
Another major piece of employee news is Steve Pruett joined senior management team as Chief Operating Officer of Chesapeake TV. Pruett has meny years of experience in the media, up until recently he was the CEO of Communication Corporations of America (CCA). Along with being the COO of Sinclair Television Group in the mid-sized market, Marks will also oversee the Company’s most recent strategy for small markets.<\/p>\n
During February, Sinclair Broadcasting Group made a deal hoping to create initiative for small market television. The company signed an agreement to purchase stock and broadcasting assets of four television stations owned by COX Media Group. The deal was set for $99 million. These stations operate four different markets and reach about 0.9% of U.S. TV households. David Smith, President and CEO of Sinclair was quoted: \u201cOver the past 18 months, we have led the industry\u2019s consolidation efforts in the mid-sized markets, purchasing 30 TV stations and creating over $400 million of equity value. We believe our platform size and leadership position allow us to bring meaningful purchasing power and negotiating leverage to these stations. Including synergies, we believe the CMG stations can generate approximately $20 million of cash flow, on average.\u201d<\/p>\n
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Also in February of this year, Sinclair reached an agreement with DirecTV regarding the retransmission consent agreement. They have entered a short-term extension to the existing contract so that both parties will be able to enter into a formal agreement. In conclusion, DirecTV will continue to carry all of Sinclair\u2019s stations.<\/p>\n
On February 28th<\/sup> SBG announced an agreement to purchase 18 television stations owned by Barrington Broadcast Group, LLC for $370 million. It also entered agreements to operate or provide sales services for another six stations. These 24 stations are located in 15 different markets and reach 3.4% of U.S TV households. David Smith commented: \u201cThis week, we launched our small market television group when we announced we would be acquiring certain of the COX Media television stations. The Barrington stations are an important part of that strategy, providing meaningful scale to the group. Including synergies, we believe the Barrington stations can generate approximately $71 million of cash flow, on average.\u00ad\u201d<\/p>\n
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Conflicts with FCC ownership rules have forced Sinclair to sell its station WSYT (Fox) in Syracuse, NY and assign its local marketing agreement and purchasing option on WNYS (MNT) in Syracuse. The Company also sold its station WYZZ (Fox) in Peoria, IL. The license assets of four stations will be bought by Cunningham Broadcasting Corporation and Howard Stirk Holdings (newly formed and controlled by Armstrong Williams who is the founder and CEO of Graham Williams Group).<\/p>\n
On April 2nd, SBG announced its full support of MobileDTV. Over the next six months, the Company will being to broadcast 10 mobile-cable signals in nine different markets. This is in partnership with Cunningham Broadcasting Company that broadcasts two stations in Columbus, Ohio (WSYX-TV and WTTE-TV). Consumers in these markets will be able to use MobileDTV on their smartphones or tablets to enjoy local over-the-air broadcasting for free simply by installing a plug-in adaptor. Sinclair has long been a mobile tv advocate has committed to offer some FOX affiliates on this developing platform. MobileDTV is expected to help with targeted advertising and the TV anywhere anytime for consumers.<\/p>\n
Find a list of available stations and markets here<\/a>.<\/p>\n
SBGI Financial Reports<\/strong><\/p>\n
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Sinclair announced its first quarter of 2013 estimates of a net broadcast revenue of about $251.9 millon to $254.9 millon. Also an EBITDA of approximately $90.3 million to $93.3 million. The Board of Directors declared a $0.15 dividend to all Class A and B stock holders as of close on March 1st, 2013. The dividend became payable on March 15th.<\/p>\n
Listen to the First Quarter Earnings Webcast and Conference call here<\/a><\/p>\n
Financial Events Calendar<\/em><\/p>\n
May 1, 2013- First Quarter 2013 Earnings Report<\/p>\n
June 6, 2013- Annual Shareholders Meeting<\/p>\n
August 7, 2013- Second Quarter Earnings Report<\/p>\n
November 6, 2013- Third Quarter 2013 Earnings Report<\/p>\n
 <\/p>\n
Industry Conferences<\/em><\/p>\n
March 4-6 dbAccess Media, Internet and Telecom Conference Palm Beach, FL.<\/p>\n
April 8-9 Wells Fargo Investor Forum at NAB Las Vegas, NV.<\/p>\n
May 7-9 Jefferies 2013 Global Technology, Media and Telecom Conference The Westin, NYC<\/p>\n
May 20-22 Barclay\u2019s High Yield and Syndicated Loan Conference Chicago, IL.<\/p>\n
May 30th<\/sup>– The Benchmark One on One Investor Conference Milwaukee, WI.<\/p>\n
Sept 30-Oct 2 Deutsche Bank\u2019s 21st<\/sup> Annual Leveraged Finance Conference Scottsdale AZ.<\/p>\n
 <\/p>\n
Sources<\/strong><\/p>\n
1.http:\/\/www.sbgi.net\/about\/history.shtml<\/a><\/p>\n
2.http:\/\/www.sbgi.net\/about\/profile.shtml<\/a><\/p>\n
3.http:\/\/www.sbgi.net\/site_mgr\/temp\/Parker%20Tampa_kv9j79fq.shtml<\/a><\/p>\n
4.http:\/\/www.sbgi.net\/site_mgr\/temp\/Lapiana%20Pittsburgh_nf4w27hf.shtml<\/a><\/p>\n
5.http:\/\/www.sbgi.net\/site_mgr\/temp\/Corrente%20Lexington_y574z5b9.shtml<\/a><\/p>\n
6.http:\/\/www.sbgi.net\/site_mgr\/temp\/_q81qytdm.shtml<\/a><\/p>\n
7.http:\/\/www.sbgi.net\/site_mgr\/temp\/_8tv8hrf9.shtml<\/a><\/p>\n
8.http:\/\/www.sbgi.net\/site_mgr\/temp\/_7xfvjv6f.shtml<\/a><\/p>\n
9.http:\/\/www.sbgi.net\/site_mgr\/temp\/_vhm639mg.shtml<\/a><\/p>\n
10.http:\/\/broadcastengineering.com\/company-news\/sinclair-broadcast-group-buys-18-barrington-tv-stations<\/a><\/p>\n
11.http:\/\/articles.baltimoresun.com\/2013-03-01\/news\/bs-bz-sinclair-acquisition-20130301_1_sinclair-s-ceo-stations-directv-customers<\/a><\/p>\n
12.http:\/\/www.sbgi.net\/site_mgr\/temp\/MobileDTV13_t7j41d11.shtml<\/a><\/p>\n
13.http:\/\/www.reuters.com\/finance\/stocks\/overview?symbol=SBGI.O<\/a><\/p>\n
14\/15.http:\/\/www.sbgi.net\/<\/a><\/p>\n
16.http:\/\/www.baltimoresun.com\/business\/bal-david-smith-2010-photo,0,4271489.photo<\/a><\/p>\n
17.\u00a0http:\/\/www.sbgi.net\/business\/television.shtml<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
by Victoria Pane [14] Sinclair Broadcasting Group Inc. is one of the largest broadcast companies to date. SBG owns and operates programs or provides sales services to 112 TV stations that span 61 markets nationwide. Sinclair Broadcasting Group reaches about … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":256,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[25,867,11,7],"tags":[274,1079,270,134,156,337,344,268,121,1078,1077,98],"_links":{"self":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/8808"}],"collection":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/users\/256"}],"replies":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/comments?post=8808"}],"version-history":[{"count":21,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/8808\/revisions"}],"predecessor-version":[{"id":13228,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/8808\/revisions\/13228"}],"wp:attachment":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/media?parent=8808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/categories?post=8808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/tags?post=8808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}