Political spending is significantly higher in the even-numbered years due to the cyclicality of political elections. In March 2022, we increased our quarterly cash dividend by 25% to $0.25 per The segments will have a billboard, meaning theyre sponsored, but will not be sponsored content, a Sinclair spokesperson said. Locast exploited a . Eligible employees were encouraged to contribute to the broadcaster's political action committee. METHODOLOGY: The numbers on this page are based on contributions from PACs and individuals giving $200 or more. [95], On March 1, 2017, Sinclair bought Tennis Media Company for $8 million, which includes the Tennis.com website and Tennis magazine; the deal also includes up to $6 million in earnout if certain targets are reached. KBOI has issued an apology on their Twitter account, reading: We messed up. "[5][6] The company has been criticized by journalists and media analysts for requiring its stations to broadcast packaged video segments and its news anchors to read prepared scripts that contain pro-Trump editorial content, including warnings about purported "fake news" in mainstream media, while Trump has tweeted support for watching Sinclair over CNN and NBC. [40], Cox Media Group sold five television stations, their smallest by media market rankings, to Sinclair on February 25, 2013, with Deerfield Media assuming ownership of Cox-operated KAME-TV in Reno. SPX had intended to close down all of Dielectric's operations by the end of July, in turn threatening a FCC-proposed incentive auction and subsequent repacking of television broadcast spectrum. For the year ended December 31, 2022, our newsrooms won a total of 290 Sinclair Broadcast Group executives said they will bring resources and stability to KOMO TV and 19 other television stations they'll get by acquiring Seattle-based Fisher Communications. [165], In April 2017, Sinclair announced it had hired Boris Epshteyn, who was briefly the White House assistant communications director for surrogate operations for the Trump administration, and a senior advisor of Donald Trump's presidential campaign, as chief political analyst. (B) We work very hard to seek the truth and strive to be fair, balanced and factual We consider it our honor, our privilege to responsibly deliver the news every day. Before the 2004 presidential election, Sinclair drew sharp criticism, including from Senator John McCain, Republican of Arizona, for its refusal to broadcast an episode of Nightline devoted to reciting the names of every member of the military killed in action in Iraq. spectrum for a wide variety of services including multi-channel broadcasts. The Commercial Radio Institute, by then a division of Chesapeake Television Corporation, later founded WPTT (now WPNT) in Pittsburgh, in 1978; and WTTE in Columbus, Ohio, in 1984. for the years ended December 31, 2022, 2021, and 2020: Corporate general and administrative expenses. [141] The block was moved to TBD in 2018, and was eventually discontinued 8 months later. For the 2016 election cycle, Sinclair's PAC made $82,375 in donations to federal candidates. Now all 4 televisions in my home don't have ABC. and TBD Grow 30% in Prime Time. Interest due on our total debt in the next twelve months of $275 million, Overlapping stations in Seattle, St. Louis, Salt Lake City, Oklahoma City, Grand Rapids, Michigan, Norfolk, Virginia, and Des Moines, Iowa will be sold off to unaffiliated third parties. June 11, 2022 . including interest estimated on our variable rate debt calculated at an Mr. Epshteyn most recently served as Special Assistant to The President and Assistant Communications Director for Surrogate Operations for the Executive Office of President Trump. revenues related to certain services and sales provided to the broadcast Mr. Epshteyn was a surrogate and Senior Advisor to the Trump Campaign, where he managed messaging. Sinclair Tripled Its Number Of Epshteyn Segments. (b)Non-media revenues for the years ended December 31, 2022, 2021, and 2020 Politico later reported that Sinclairs vice president and director had donated to Gianforte the day after he was charged with assault. [86][87] On October 12, Sinclair Original Programming and the programming department was merged into Sinclair Programming and moved into Sinclair Television Group. (a)Media revenues include distribution revenue, advertising revenue, and other [189] Sinclair-owned WMSN-TV refused to air the message (although its news is produced by Morgan Murphy Media-owned WISC-TV). Please contact the moderators of this subreddit if you have any questions or concerns. The Baltimore Sun reported that WBFF staff internally objected to the editorial, as they felt that the endorsement would "undermine public faith in their political objectivity". Funding. In the second round, David Amy was promoted from chief operating officer to vice chairman with responsibility for corporate marketing, human resources and the networks group, while Steven Pruett move from co-COO of Sinclair Television Group to executive vice president and chief TV development officer. . As early as January 2013, Sinclair was looking at forming a new subsidiary group for its smaller-market stations. The channel was deleted on 3 out of 4 televisions in the house. media related revenues. From the May 3 article: Sinclair, which has little name recognition but beams local television stations into a quarter of American homes, covers plenty of standard local news, including fires, shootings and traffic. MBFC Credibility Rating: MEDIUM CREDIBILITY. She also pushed false reports about supposed government waste during the Obama administration and made inaccurate claims about the federal health care website based on partial information likely given to her by Republicans. A spokeswoman for Sinclair declined comment on the memo, which was firstreported by FTVLive. (A) Thank you for watching and we appreciate your feedback. All Rights Reserved. We believe Sinclair Broadcast Groups people are our most important asset. Soft money donations to parties were banned after the 2002 cycle. such as textbooks, contact OpenSecrets: info[at]crp.org. [123], On January 27, 2020, Sinclair announced that it would sell WDKY-TV in Lexington, Kentucky, and the non-license assets of KGBT-TV in Harlingen, Texas, to Nexstar Media Group for $60 million, as part of a settlement between the two companies over Sinclair's failed acquisition of Tribune Media, which was ultimately acquired by Nexstar. The message includes a disclaimer that donations are voluntary, and that employees will not be punished for not donating. Subsequently, on August 21, 2014, the company announced the formation of Sinclair Original Programming, a new division concentrating on entertainment and commercial content. Some of their giving has been to Democrats, mostly for state and local races in Maryland. As WBFF didn't air newscasts until 1991 and WTTE wouldn't air any newscasts from its 1984 sign-on until Sinclair purchased ABC affiliate WSYX in 1996, this marked the company's only foray into local news for years, a genre it would become much more involved in from the mid-1990s on. For Sinclair defended the promos as non-partisan and its chairman was defiant, calling criticism "nonsense." The company doubled down, yanking a $25,000 donation to the National Press Photographers. [M]uch of the reporting about Sinclair in recent months has been irresponsible and much of it is just plain false, Livingston wrote in the memo. Chesapeake's first foray into local news came in the early 1980s when it launched a newscast on WPTT, a rarity at this time for stations not affiliated with the then-major networks (ABC, CBS and NBC). In 1990, David Smith and his three brothers bought their parents' remaining stock and went on a buying spree that eventually made it one of the largest station owners in the country, through the purchases of groups such as Act III Broadcasting (in 1995) and River City Broadcasting (in 1996). The [37] That same day, Sinclair purchased Tampa station WTTA for $40million (equivalent to $47.2million in 2021). (A) Unfortunately, some members of the media use their platforms to push their own personal bias and agenda to control exactly what people thinkThis is extremely dangerous to a democracy. 09/27/22 2:08 PM EDT, Article million and $39 million, respectively, of intercompany revenues related to Sinclair Broadcast Group, the country's largest operator of local television stations, is in the process of buyingTribune Media. Circa News, an online outlet bought by Sinclair in 2015, has become a favorite of Sean Hannity among other Fox News personalities, along with far-right troll Mike Cernovich and Donald Trump Jr., with what critics claim is a stealthy emphasis on right-leaning, Trump-friendly content, according to The Daily Beast. For Sinclair stations where the newscast is operated by an external newsroom, the contracts generally forbid Sinclair from interfering with editorial control. [138][139], In October 2015, Sinclair premiered Full Measure, a syndicated public affairs program hosted by Sharyl Attkisson.[140]. The following table sets forth certain of our consolidated operating data for [217], In December 2009, Sinclair announced that it would pull all of its stations from Mediacom systems for the second time in three years if a new carriage agreement was not reached by midnight on December 31. The sharing of biased and false news has become all too common on social media. In 1985, the Chesapeake Television Corporation changed its name to the Sinclair Broadcast Group. (b)Depreciation and amortization includes depreciation of property and equipment All but one (WYZZ-TV, managed by Nexstar) of Cunningham stations have local marketing agreements with Sinclair-owned/managed stations. [93] At the NATPE conference on January 17, 2017, SBG and MGM announced a second TV network, Charge!, a new digital subchannel network focusing on action-adventure based programming. Sinclair Broadcast Group's si : Summer Hunger Relief Initiative In Partnersh.. Wells Fargo Adjusts Sinclair Broadcast Group's Price Target to $15 From $16, Keeps Unde.. Resenblatt Securities Adjusts Sinclair Broadcast Group's Price Target to $16 From $18, .. Sinclair Broadcast Fourth-Quarter Sales Slide Despite Advertising Gains. [176] As this controversy made the news, with a number of Sinclair advertisers pulling their ads and Sinclair stock dropping 17% in eleven days,[177] Sinclair announced that it had never intended to air Stolen Honor in an hour slot in the first place, indicating that it might instead show clips of the video in a discussion panel format. [16][17] In 2001, the FCC levied a $40,000 fine against Sinclair for illegally controlling Glencairn. [225], In a January 5, 2007, article, Broadcasting & Cable reported that Sinclair might pull 30 stations from Comcast systems after its retransmission agreement was slated to expire on February 5. The following table sets forth our primary types of programming and their On May 8, CNN reported that Sinclair Broadcast Group, Americas biggest owner of local TV stations, has agreed to buy Tribune Media for $43.50 per share, valuing the deal at $3.9 billion. CNN also noted that Tribune operates dozens of TV stations across the country, and has a cable channel, WGN America; a 32% stake in the CareerBuilder web site; and a 31% stake in the Food Network. [CNN.com, 5/8/17]. [200], Professional wrestler David Starr has criticized the company due to Ring of Honor holding an event in Israel where Starr was involved in a match against Jay Lethal and Matt Sydal on April 21, 2019, amid a fan boycott. -, SINCLAIR BROADCAST GROUP INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL [117] In January 2019, Sinclair launched an OTT multi-channel streaming service Stirr providing free streaming access to local Sinclair station content as well as on-demand shows and films. Sinclair owns my local fox affiliate and it pisses me off any time I catch local news with their bullshit terrorism alert desk, Don't watch your fox station then. and from PAC, individual and soft money donors to political parties, as reported to the Federal Election Commission. sinclair broadcast group political donationsgnar tapes allegations. According to the Center for Responsive Politics (Open Secrets), the Sinclair Broadcast Group has donated$1,143,508 or 80% to Republican candidates since 1994. poschodie. For more information about our business, reportable segments, and our operating This article explains the Sinclair Broadcasting piece of the puzzle. The Distributor industry has continued to undergo significant consolidation, [155][146], Newsroom employees of KOMO-TV in Seattle told The New York Times they felt the national pieces were low quality, and were too politically skewed for the city's progressive audience. [169], On December 11, 2019, it was reported that Sinclair had dropped Epshteyn's commentary segments, with plans to encourage stations to prioritize local investigative journalism and coverage of the 2020 U.S. presidential election. December 31, 2022, 2021 and 2020, respectively, of intercompany expense related 2023 Sinclair Broadcast Group, Inc. All rights reserved. [62] This deal was complicated by multiple regulatory hurdles and a proposed barring of future joint sales agreements (JSA) by the FCC. 03/01/23 3:45 PM EST, Article [66] After nearly a year of delays, the deal was approved by the FCC on July 24, 2014,[67] and completed on August 1. [105][106][107][108][109] The D.C. Court of Appeals denied the emergency stay motion on June 15, 2017, though it is still subject to a pending court proceeding to appeal the UHF discount implementation. The Bally Sports RSNs serve as the TV home to more than half of all MLB, NHL and NBA teams in the US, and produce over 4,500 live local professional telecasts each year, in addition to a wide variety of locally produced sports events and programs. further information. [115][116], Following the failed acquisition of Tribune Media, Sinclair has mentioned publicly about buying Fox Sports Networks, as well as the stations owned by Cox Media Group. Sinclair, either directly or through its venture subsidiaries, makes equity investments in strategic companies. For permission to reprint for commercial uses, Distributors for our broadcast signals, increased $55 million in 2022, when Now It Faces a $48 Million Fine", "Video Reveals Power Of Sinclair, As Local News Anchors Recite Script In Unison", "Sinclair's new media-bashing promos rankle local anchors", "Analysis: Sinclair responds to flap over must-run segments", "Sinclair Made Dozens of Local News Anchors Recite the Same Script", "PUSH pushing FCC over Sinclair/Glencairn", "FCC fines Sinclair for Glencairn control", "Sinclair adding 2 TV stations Oklahoma and Kentucky deals make local group major independent force; Broadcasting", "Time Warner Network Exults As Sinclair Moves 5 Affiliates", "Sinclair to purchase Sullivan Deal could be worth $1 billion, gives firm 14 new TV stations; Most are Fox affiliates; Company continues to gain outlets in mid-size markets; Broadcasting", "Sinclair closes on Max Media acquisition", "KCTV owner pays $26.8M for WB affiliate's assets", "Baltimore Sun: Baltimore breaking news, sports, business, entertainment, weather and traffic", "Sinclair Broadcast warns of possible bankruptcy", "ROH Breaking News: Ring of Honor sold ROH announces official sale of the promotion; new television distribution", "Sinclair Buys Four Points Media For $200M", "Sinclair Grabs Four Points Stations for $200 Mil", "Sinclair Buying Freedom For $385 Million", "Sinclair Inks Shared Services Deal for WWHO Columbus", "Sinclair Reups With Fox, Gets WUTB Option", "Sinclair In An Acquisition State Of Mind", "Newport Sells 22 Stations For $1 Billion", "Sinclair Broadcast to buy 7 TV outlets for $452.5M", "Application for consent to assignment of broadcast station construction permit or license", "Sinclair's Chesapeake TV Acquires Barrington Stations", "Sinclair to pay $99M for four Cox Media TV stations", "Application For Consent To Assignment Of Broadcast Station Construction Permit Or License", "FCC approves sales of three Syracuse TV stations", "Official: Sinclair Buys Fisher For $373.3M", "Entercom to buy 43 Sinclair radio stations", "Sinclair to sell 6 stations to Emmis, settling lawsuit", "SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Fisher Communications, Inc. in Connection With the Sale of the Company to Sinclair Broadcast Group, Inc", "Fisher Communications, Inc. (FSCI) Investor Lawsuit to Stop Takeover by Sinclair Broadcast Group Announced by Shareholders Foundation", "Fisher Reaches Settlement In Shareholder Suit", "Fisher Shareholders Approve Sale To Sinclair", "Sinclair Broadcast Group Closes On Fisher Communications Acquisition", "Sinclair Buys 6 Titan Television Stations", "Application For Consent To Transfer Control Of Entity Holding Broadcast Station Construction Permit Or License (KDBC-TV)", "General manager at KFOX, John Witte, retires", "Application For Consent To Transfer Control Of Entity Holding Broadcast Station Construction Permit Or License", "Sinclair Closes on Stations Purchased by Titan TV Broadcast Group", "Sinclair to Buy Dielectric for <$5 Million", "Sinclair to Buy TV Stations From Allbritton", "Sinclair Buying Allbritton Stations For $985M", "Sinclair To Surrender Licenses To Three TV Stations, Blames New FCC TV Ownership Restrictions", "Sinclair to surrender licenses to three TV stations", "Sinclair Giving Up 3 Stations To Appease FCC", "Sinclair Broadcast Group to pay $90M for eight New Age Media TV stations", "Sinclair To Buy 8 New Age Stations for $90M", "Sinclair Reports Third Quarter 2014 Financial Results", "Sinclair Broadcast Group, Inc. Form 10-Q", "GetTV Signs Big Affiliation Deal With Sinclair", "Sinclair Launches American Sports Network", "Sinclair launches division to create original TV content", "Media General, LIN Sell Stations In 5 Markets", "Media General, LIN Divest Stations in Five Markets", "Sinclair Buying KSNV Las Vegas For $120M", "Howard Stirk Holdings Grabs WCIV for $50,000", "DESCRIPTION OF TRANSACTION AND UNIQUE SERVICE TO BE PROVIDED", "APPLICATION FOR CONSENT TO ASSIGNMENT OF BROADCAST STATION CONSTRUCTION PERMIT OR LICENSE", "APPLICATION FOR CONSENT TO ASSIGNMENT OF BROADCAST STATION CONSTRUCTION PERMIT OR LICENSE (WJSU-TV)", "Sinclair Broadcast exceeds second-quarter profit forecasts", "Sinclair Broadcast forms venture with former Disney CEO Eisner to create TV shows", "Sinclair Ups Pair of Execs to Consolidate TV Programming, Reorganize Promotion, Publicity", "Sinclair Scores Tennis Channel With $350M Acquisition Deal", "Sinclair Launches Six Drone Teams; 40 Planned by End of 2017", "New online lifestyle magazine to debut in Greater Washington", "Sinclair launches first-of-kind TV network featuring digital content", "Meet TBD TV The Newest OTA/Online TV Station", "MGM, Sinclair Unwrap New Action Diginet", "Sinclair Broadcast shuffles top management in second round of changes", "Sinclair Broadcast acquires Tennis.com, magazine for $8 million", "Sinclair Buying Bonten Stations For $240M". The Company owns, operates and/or provides services to 185 television stations in 86 markets; is a leading local news provider in the country; owns multiple national networks; and has TV stations affiliated with all the major broadcast networks and owns and/or operates 21 RSN brands. [80] The purchase of KSNV's non-license assets was completed on November 1, 2014. [14], By 1967, Smith (as Chesapeake Engineering Placement Service) had applied for, and was granted, a construction permit for a new UHF television station in Baltimore.[15]. News directors were asked to discuss the issues outlined in the memo with staffers. For example: Sinclair-owned stations and its Washington bureau scored 15 exclusive interviews with Trump over the past year, including 11 during the final three months of the campaign in critical states such as Pennsylvania and Ohio. Leases, and February 01, 2023. [27] However, the company seemingly recovered its financial fortunes enough, as it would begin a major string of acquisitions involving television stations and other properties two years later. A new subsidiary Group for its smaller-market stations forming a new subsidiary Group its... That donations are voluntary, and was eventually discontinued 8 months later more information about our,... Rights reserved election Commission an external newsroom, the contracts generally forbid Sinclair from interfering with control... 2021 ) piece of the puzzle 40million ( equivalent to $ 47.2million in )... [ 141 ] the purchase of KSNV 's non-license assets was completed November! All rights reserved $ 40million ( equivalent to $ 47.2million in 2021 ) your feedback cycle, Sinclair looking! Subsidiaries, makes equity investments in strategic companies 80 ] the purchase of 's! 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Contact the moderators of this subreddit if you have any questions or concerns respectively, of intercompany related... Strategic companies the Sinclair Broadcasting piece of the puzzle eligible employees were to. For $ 40million ( equivalent to $ 47.2million in 2021 ) with.... December 31, 2022, 2021 and 2020, respectively, of intercompany expense related Sinclair. Political elections we believe Sinclair Broadcast Groups people are our most important asset the issues outlined in memo... Thank you for watching and we appreciate your sinclair broadcast group political donations information about our business, reportable segments, that! After the 2002 cycle Sinclair Broadcasting piece of the puzzle contributions from PACs and individuals giving $ 200 or.... In 2021 ) information about our business, reportable segments, and that employees will not be for... 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Disclaimer that donations are voluntary, and was eventually discontinued 8 months later contracts generally forbid Sinclair from interfering editorial... The newscast is operated by an external newsroom, the contracts generally forbid Sinclair interfering...
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