Tag: Sinclair
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Sinclair Reported $4.18 Billion Operating Loss in Q3 2020
Sinclair Broadcast Group reported today an operating loss of $4.18 billion in its Q3 financial results announcement. Sinclair took a major hit from the loss of distribution deals for its regional sports networks, which included both Hulu with Live TV and YouTube TV dropping the channels. The company also cited COVID-19 and “shifting consumer behaviors”…
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Weekend Wrap-Up: Netflix’s Price Hikes, T-Mobile’s New Streaming Service, and More
It’s Halloween weekend, but before we get to the tricks and treats, we have some streaming news to get to first. This week, we’re going to talk about Netflix bumping up pricing on a few of its plans, and T-Mobile launching a new entry into the live TV streaming field. Elsewhere, third quarter earnings continue…
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Sinclair Considers Restructuring, Affecting Regional Sports Networks
It’s been just over a year since Sinclair Broadcast Group purchased 21 Fox regional sports networks through its subsidiary Diamond Sports Group for $9.6 billion. The company is now reportedly looking into restructuring, with an analyst calling the RSNs “Sinclair’s Achilles heel.” The company and its creditors have each brought in advisers to assist with…
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Sinclair Responds to YouTube TV Removing RSNs
Yesterday, we broke the news that YouTube TV will be dropping Sinclair-owned FOX regional sports networks on Thursday, October 1. Today, Sinclair responded to the discontinuation of the networks on the streaming service. “While we are disappointed that YouTube will discontinue carriage of the RSNs, we remain in discussions in an effort to find a…
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Sinclair Will Launch a Headline News Service for Affiliate Networks and STIRR
Sinclair Broadcast Group has announced plans to launch a headline news service early next year. Programming for the news service will air weekday mornings from 6am to 9am on Sinclair’s CW and MyNetwork TV affiliates along with the free streaming service STIRR. The service will focus on news as it happens, with content coming from…
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Sinclair’s ONE Media on ATSC 3.0 and the Future of ‘Next Gen TV’
It probably shouldn’t be all that surprising that the people leading ONE Media 3.0 are pretty bullish on ATSC 3.0’s potential. After all, the Sinclair Broadcasting Group subsidiary’s main goal is to help build and launch the new broadcasting standard, also known as “Next Gen TV.” And fresh off a successful launch late last month…
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fuboTV is Adding 20 Local Fox Affiliates
fuboTV announced today that it has reached an agreement with Sinclair Broadcast Group to bring 20 local Fox affiliates to its live TV streaming platform over the coming weeks. Those in the areas surrounding the affiliate stations will get access to local news, sports, entertainment and weather from their local Fox station. These are the…
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Sinclair Gets Hit with Massive $48 Million Fine, The Largest Ever Given to a Broadcaster by the FCC
Update: Sinclair has issued a statement about the decision: “Sinclair is pleased with the resolution announced today by the FCC and to be moving forward. We thank the FCC staff for their diligence in reaching the resolution. Sinclair is committed to continue to interact constructively with all of its regulators to ensure full compliance with…
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ATVA Urges Congress to Require Big Broadcasters Receiving Small Business Loans to Prevent Blackouts
Congress has been sending out loans to small businesses, providing them funding to stay afloat during the coronavirus pandemic. Through the small stations they own, some big broadcasters are eligible for those loans. Today, the American Television Alliance (ATVA) called on Congress to put a condition on those loans given to major broadcasters, saying that…
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Sinclair and Nielsen Enter a Multi-Year Renewal Deal
Nielsen and Sinclair Broadcasting Group have signed a deal to keep them under contract for the next few years. This means Nielsen will continue to provide services like TV ratings for Sinclair’s 191 TV stations, 22 regional sports networks, Tennis Channel and several digital broadcast channels. “As Sinclair has acquired and diversified its portfolio of…