SBGI

Sinclair Broadcast Group Inc.

TMT


Presented:07/08/2013
Price:$29.59
Cap:$2.96B
Current Price:$17.41
Cap:$1.16B

Presented

Date07/08/2013
Price$29.59
Market Cap$2.96B
Ent Value$5.21B
P/E Ratio12.52x
Book Value$3.89
Div Yield2.4%
Shares O/S99.88M
Ave Daily Vol1,900,000
Short Int2.47%

Current

Price$17.41
Market Cap$1.16B
Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides programming, operating, or sales services to television stations in the United States. It broadcasts free over-the-air programming, such as network provided programs, news produced locally, local sporting events, programming from program service arrangements, syndicated entertainment programs, and other locally produced programs. As of March 1, 2013, the company owned, provided programming and operating services pursuant to local marketing agreements, or provided sales services pursuant to outsourcing agreements to 86 television stations in 46 markets. It also offers sign design and fabrication services; security alarm monitoring services; and engages in real estate activities, such as investing in developmental land, and operating commercial real estate properties and apartments, as well as invests in private equity and structured debt/mezzanine financing investment funds. The company was founded in 1952 and is headquartered in Hunt Valley, Maryland.

Highlights

Retransmission fees and consolidation in the media industry have been driving a local television station land-grab, which has recently accelerated with both Tribune and Gannett having made sizeable acquisitions in June, said the presenter (Tribune purchased Local TV for $2.73 billion and Gannett bought Belo for $1.5 billion). Despite his belief that investors can potentially win with “any horse” in this segment of the media industry, SBGI is relatively underfollowed (by the Street) and in his opinion is the best way to play a continuation of the bullish trend for local television network operators.

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