Latest news with #WDKA-TV
Yahoo
7 days ago
- Business
- Yahoo
Why Are Sinclair (SBGI) Shares Soaring Today
What Happened? Shares of media broadcasting company Sinclair (NASDAQ:SBGI) jumped 5.1% in the afternoon session after the company announced it acquired the non-licensed assets of two television stations. The media company acquired the assets of WDKA-TV in Paducah, Kentucky, and KBSI-TV in Cape Girardeau, Missouri. While the financial terms were not disclosed, Sinclair stated it would provide programming, technical, and management services to both stations. The deal also included an option for Sinclair to acquire all the licensed assets of both stations in the future. This move added to Sinclair's extensive portfolio, which included owning, operating, or providing services to 180 television stations in 82 markets before this acquisition. Is now the time to buy Sinclair? Access our full analysis report here, it's free. What Is The Market Telling Us Sinclair's shares are very volatile and have had 20 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Sinclair is down 9.5% since the beginning of the year, and at $15.37 per share, it is trading 16.1% below its 52-week high of $18.32 from November 2024. Investors who bought $1,000 worth of Sinclair's shares 5 years ago would now be looking at an investment worth $760.99. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
22-07-2025
- Business
- Business Wire
Sinclair Acquires Assets of WDKA in Paduca, KY and KBSI in Cape Girardeau, MO
BALTIMORE--(BUSINESS WIRE)--Sinclair today announced that it has acquired the non-licensed assets of WDKA-TV (Paducah, KY) and KBSI-TV (Cape Girardeau, MO), with an option to acquire all the licensed assets of the stations. Under the terms of the agreement, Sinclair will provide WDKA and KBSI with services including programming, technical, and management. About Sinclair: Sinclair, Inc. (Nasdaq: SBGI) is a diversified media company and a leading provider of local news and sports. The Company owns, operates and/or provides services to 180 television stations in 82 markets affiliated with all major broadcast networks; owns Tennis Channel, the premium destination for tennis enthusiasts; multicast networks CHARGE, Comet, ROAR and The Nest; and the nation's largest streaming aggregator of local news content, NewsON. Sinclair's AMP Media produces a growing portfolio of digital content and original podcasts. Additional information about Sinclair can be found at Category: General
