Sinclair Broadcast Group

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may include its history, mission statement, leadership team, financial information, and a summary of its current operations. Sinclair Broadcast Group was founded in 1986, and the company headquarters are located in Hunt Valley, Maryland. The company operates as a diversified media company, with a focus on television broadcasting, but also has interests in digital media, content creation, and distribution.
The company’s mission statement is to be the leading local news provider in the country, with a commitment to serving and engaging local communities through quality programming and unbiased journalism.
Sinclair Broadcast Group is led by its Executive Chairman, David D. Smith, and its President and CEO, Christopher S. Ripley. It is publicly traded on the NASDAQ under the ticker symbol SBGI.
As of 2021, Sinclair operates over 190 television stations in 88 markets, reaching approximately 40% of all US households. The company also owns and operates multiple digital media and content production companies, including the sports streaming service Stadium and the digital news network Circa.
In addition to its media properties, Sinclair has also faced controversy in recent years due to its conservative political views and distribution of biased news segments, leading to criticism and calls for boycotts from some viewers and advocacy groups.
In terms of financial information, Sinclair reported a revenue of $5.7 billion in 2020, with a net income of $58 million. However, the company’s financial performance was negatively impacted by the COVID-19 pandemic, resulting in a decrease in advertising revenue.
Overall, Sinclair Broadcast Group continues to be a major player in the media industry, with a strong focus on local news and a diversified portfolio of media properties.

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See Company Q&A