Tag: Sinclair
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Sinclair Owned CBS Affiliates Will Stay on YouTube TV, Fubo, Hulu, & More After New Deal With Paramount
Today, Sinclair and Paramount announced a deal that will renew its contract for 23 CBS affiliates. This deal will also see YouTube TV, Fubo, Hulu, and more keep Sinclair-owned locals thanks to their deal with Paramount. The agreement consists of renewals for the following CBS affiliates: WRGB in Albany, NY; KEYE in Austin, TX; KBAK…
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Fubo & Amazon Freevee Add The Tennis Channel’s T2 Channel
Today, Sinclair, the owner of The Tennis Channel, announced that the free Tennish Channel T2 is now streaming on Amazon Freevee and Fubo. With this deal, Fubo became the second live TV streaming service to offer T2. T2 carries live, matches from almost all tournaments that appear on Tennis Channel throughout the year. However, these…
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Sinclair CEO Says ‘Broadcasting is Not in a Good Position’ as He Eyes Other Businesses
Amidst a wave of cord cutting, the Sinclair broadcasting company is taking a different approach to growing revenue by venturing into other industries. Sinclair President and CEO Chris Ripley said he is looking into other avenues beyond broadcast TV, and is aiming to invest in them through a billion-dollar private equity fund. The company hopes…
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Sinclair, J.P. Morgan Seek To Dismiss $1.5 Billion Bally Sports Lawsuit
Sinclair Broadcast Group and J.P. Morgan filed motions to dismiss the $1.5 billion lawsuit from bankrupt Diamond Sports Group, which manages the Bally Sports regional cable networks. In August, Diamond alleged that the decisions Sinclair made to pay back its creditors “milked” the company out of $1.5 billion in much-needed funds. Diamond also sued J.P.…
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Nexstar & Sinclair Expand Partnership As The CW Network Comes to Three New Stations in September, Including Seattle, Pittsburgh, and Oklahoma City
Today, Nexstar and Sinclair announced a new deal that will see Sinclair-owned stations keep The CW network and expand into two new markets. Nexstar also announced that it will change one of its TV stations into a The CW affiliate in September. With this deal, Sinclair will continue to offer The CW programming in 35…
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Sinclair Wants $147 Million From Bally Sports Or It Will Stop Managing The Network
The story of the Bally Sports bankruptcy is getting more interesting by the day. Recently Bally Sports’ parent company Diamond Sports, sued its parent company, Sinclair, arguing that decisions made by Sinclair have cost the network over $1.5 billion. Now Sinclair has filed with the court demanding that Bally Sports pay the $147 million it…
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Sinclair Broadcast Group is No More As The Reorganization Has Been Completed
Recently Sinclair announced a massive reorganization and moved to a new holding company called Sinclair Inc. Now it has been announced that this has been done and that Sinclair Broadcast Group, Inc is no longer the public holding company for Sinclair. In a statement on their website Sinclair Broadcast Group, Inc announced: “Sinclair, Inc. (“New…
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Sinclair Announces New Shows Coming to Comet, CHARGE!, & TBD For Free Including ‘Law & Order: Criminal Intent,’ ‘America’s Funniest Home Videos,’ & More
Today Sinclair announced new deals to bring popular hit shows like Law & Order Criminal Intent, America’s Funniest Home Videos, and more to their popular free broadcast TV networks Comet, CHARGE!, and TBD. “These networks are on a roll as viewers continue to leave cable TV networks in search of new entertainment options such as…
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Bally Sports Drove Sinclair’s Revenues Down 40% in The First Quarter of 2023
Sinclair is continuing to struggle with the ownership of Diamond Sports, the parent company of Bally Sports. Today they reported their first quarter 2023 earnings that saw revenues down 40% from the year before. Sinclair reported revenue was down 40% to $773 million. This is down from $1,288 million in the same period of 2022.…
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As Bally Sports Prepares for Bankruptcy, We Explain Why
Last week it was reported that Sinclair was preparing to declare bankruptcy in their sports division. Back in 2019, Sinclair purchased Fox Regional Sports networks for $10.6 billion from Walt Disney. This sale was one of the final steps to allow Disney to complete its purchase of 21st Century Fox. For Sinclair, though, things got…