Sinclair Broadcast Group, Inc.

  • Benefiting From TV Stations' Acquisition Spree

    By Anh HOANG - August 5, 2013 | Tickers: GCI, SBGI, TRBAA

    Recently, the investment community has witnessed a lot of TV station deals. Gannett (NYSE: GCI) acquired broadcaster Belo for around $1.5 billion to double its number of TV stations. Tribune (NASDAQOTH: TRBAA) spent as much as $2.73 billion to buy Local TV Holdings to become the country’s biggest TV station owner with 42 stations across the U.S. Recently, Sinclair Broadcasting Group (NASDAQ: SBGI) joined the acquisition more »

  • Four Intriguing Media Companies

    By Damon Churchwell - July 22, 2013 | Tickers: AMCX, DISCA, SNI, SBGI

    Numerous media companies are scheduled to release June-quarter earnings in late July and early August. These are stocks that have soared, in many instances, since the beginning of 2013. When reviewing the earnings, take a look at advertising sales trends, as well as the viewership ratings of owned networks or station groups.

    CBS gave investors an early indication of how ad demand may have been, and what will be reported more »

  • Tribune Looks Interesting With the Acquisition of TV Stations

    By Anh HOANG - July 18, 2013 | Tickers: GCI, SBGI, TRBAA

    Tribune Company (NASDAQOTH: TRBAA) has experienced a 16.2% rise since the middle of June from $53 per share to $61.60 per share at the time of writing. What might make investors excited is the company’s recent $2.73 billion acquisitions of 19 TV stations, transforming Tribune into the biggest commercial TV station owner in the U.S. At $61.60 per share, Tribune is worth around $5 more »

  • Time to Tune Into Local TV?

    By Bob Chandler - July 7, 2013 | Tickers: GCI, JRN, SBGI, SSP

    Local TV stations used to be the dominant force in bringing news and entertainment into homes. Eclipsed by cable television, local TV lost its preeminent position and stock market appeal. But, a couple of recent blockbuster deals have renewed interest in the sector. Here’s why local TV might be so attractive and there might be some value in related stocks.

    Big names paying big dollars for local TV

    Gannett more »

  • Why Television Station Owners Have Positive Momentum

    By Damon Churchwell - June 28, 2013 | Tickers: BLC, CBS, SBGI

    In my eyes, one of the most surprising stock surges of 2013 has been that of Sinclair Broadcast Group (NASDAQ: SBGI). I had recommended this company for its substantial dividend yield in earlier blogs such as this one. But, the company launched a growth and expansion strategy that has incited Wall Street to bid up its shares.

    Apparently Gannett, the newspaper behemoth, witnessed the value of broadcast TV station ownership more »

  • Cheering Up the Recent Gannett Acquisition

    By Anh HOANG - June 16, 2013 | Tickers: BLC, GCI, SBGI

    The market seems to be extremely excited about Gannett (NYSE: GCI), pushing its stock to a five-year high to around $26.60 per share after it announced that it would acquire Belo (NYSE: BLC) for around $13.75 per share in cash in a total transaction worth $2.2 billion, including th assumption of $715 million in debt. Let’s take a closer look to see whether or not Gannett more »

  • How Gannett's Investment in TV Stations Will Payoff

    By Damon Churchwell - June 15, 2013 | Tickers: BLC, GCI, SBGI

    Gannett (NYSE: GCI) is aiming to alleviate slowing revenue comparisons in its massive newspaper business through the buyout of a television station owner. The deal to acquire Belo (NYSE: BLC) for $13.75 a share would increase its station total to 43 from 23. It would also provide a boost to the operating margin and probably put Gannett back on track for earnings growth. Shares of both companies soared subsequent more »

  • Chalk Up Another Win for the Activists

    By Robert Hanley - April 18, 2013 | Tickers: FSCI, LIN, SBGI

    Value-focused investment managers and activist hedge funds have been putting capital to work in the broadcasting business recently, leading to big gains for the sector’s participants.  Sinclair Broadcasting Group (NASDAQ: SBGI), Gray Communications, and Lin TV (NYSE: LIN) have all gained more than 100% over the past twelve months.  The investment funds have also been seeking consolidation among the regional players, including Fisher Communications (NASDAQ: FSCI).  Major shareholder Gabelli more »

  • Chalk Up Another Win for the Activists

    By Robert Hanley - April 16, 2013 | Tickers: FSCI, LIN, SBGI

    Value-focused investment managers and activist hedge funds have been putting capital to work in the broadcasting business recently, leading to big gains for the sector’s participants.  Sinclair Broadcasting Group (NASDAQ: SBGI), Gray Communications, and Lin TV (NYSE: LIN) have all gained more than 100% over the past twelve months.  The investment funds have also been seeking consolidation among the regional players, including Fisher Communications (NASDAQ: FSCI).  Major shareholder Gabelli more »

  • A Good M&A Deal for This Company?

    By Anh HOANG - April 16, 2013 | Tickers: BLC, FSCI, SBGI

    Recently, Sinclair Broadcast Group (NASDAQ: SBGI) announced that it would acquire Fisher Communications (NASDAQ: FSCI) for around $41 per share, with a total transaction value of around $373 million. A price tag of $41 per share represented only a 5% premium to its last Wednesday close. However, Fisher’s shareholders must be happy, as the company has gained around 48% since the beginning of the year. Is a valuation of more »

  • A Good M&A Deal for Fisher Communications

    By Anh HOANG - April 12, 2013 | Tickers: BLC, FSCI, SBGI

    Recently, Sinclair Broadcast Group (NASDAQ: SBGI) announced that it would acquire Fisher Communications (NASDAQ: FSCI) at around $41 per share, with a total transaction value of around $373 million. A price tag of $41 per share represented only 5% premium to its last Wednesday close. However, Fisher’s shareholders must be happy, as the company has gained around 48% since the beginning of the year. Is a valuation of $373 more »

  • The Best Dividend Paying Broadcasting Stocks

    By Nauman Aly - March 8, 2013 | Tickers: BLC, NXST, SBGI

    For this article I've researched dividend paying companies in the Broadcasting Industry. Also, to make sure I find the best gems, all three stocks mentioned in this article comply with the following criteria:

    • Market Cap of more than 300 million and an average volume of at least 300K = Low Volatility = Low Beta
    • Price greater than $7.5
    • EPS growth for the next 5 years of more than 7.5 more »
  • Media Stocks For An Improving Economy

    By Erik Dellith - March 7, 2013 | Tickers: BLC, GTN, SBGI

    Given the latest economic statistics, I recently looked for cyclically sensitive stocks that could benefit from an improving economy. I found three media companies that are worth a closer look.

    The Dow Jones Industrial Average ended Thursday with its third-straight record high, and economic statistics point to improving growth. Such an environment should be favorable for further gains in the stock market. Some stocks have already reached relatively high valuations more »

  • CBS’ Earnings Announcement in Detail

    By Damon Churchwell - February 22, 2013 | Tickers: AMZN, CBS, SBGI

    CBS (NYSE: CBS) posted adjusted share EPS of $0.64, versus $0.57 in the prior-year December quarter. Growth was driven by higher advertising sales, as well as affiliate fees. But, as someone who sees the company’s stock for its long-term value, the notable portions of the earnings call were CBS’s plans on how it will sustain profit gains over the quarters and years subsequent to this. I more »

  • CBS as a Long-Term Holding

    By Damon Churchwell - February 5, 2013 | Tickers: BLC, CBS, SBGI

    To start with a historical backdrop, those that purchased CBS (NYSE: CBS) shares in the throes of the recession in early 2009 could have realized an eight-fold gain at the stock’s recent quotation. Many on Wall Street thought the company might never bounce back from the drying up of advertising spending, particularly in the broadcast (traditional network) and radio markets. Still, to investors’ delight, management continued to invest in more »

  • Are These TV Broadcasters Good Deals or Value Traps?

    By Chris Hodge - December 13, 2012 | Tickers: BLC, FSCI, GTN, SBGI

    Have you ever looked at a low P/E ratio and wondered if it was a good deal or just properly priced for how the company's actually doing? I obsess over if what looks like a "good deal" is really just a load of BS. So I'm going to take a look at a few of the lowest-P/E companies in the TV broadcasting industry. Hopefully I'll more »