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BALTIMORE - Sinclair Inc. (NASDAQ:SBGI), a diversified media company with a market capitalization of $912 million, has promoted Christina Tesauro to the role of Senior Vice President of Sales for the Tennis Channel, AMP Sports. Tesauro, who joined the Tennis Channel’s sales team in 2018, has been influential in the development of innovative partnerships and sales strategies that have bolstered the network’s market presence. According to InvestingPro data, the company currently trades at an attractive P/E ratio of 2.93, suggesting potential undervaluation compared to industry peers.
During her tenure, she has been instrumental in the launch of Women’s Day on TennisChannel 2 in 2024, among other initiatives. Her previous role as Vice President of Sales and Partnerships at Sinclair’s AMP Sports saw her significantly expand the company’s advertising and sponsorship portfolio.
Ryan Moore, SVP and Chief Revenue Officer at Sinclair, praised Tesauro’s leadership and strategic vision, stating that her promotion reflects her dedication and the substantial impact she has had on the company’s growth and innovation.
Tesauro expressed her excitement about her new role, emphasizing the growth and momentum of tennis as a sport. She is committed to driving sales innovation and expanding strategic partnerships to increase tennis’s reach and impact.
Prior to her time at Sinclair, Tesauro built her media sales expertise at The Walt Disney Company, starting her career there in 2007. She holds a Bachelor of Arts in Communication from Fairfield University and is an enthusiastic tennis player.
Sinclair owns and operates 185 television stations across 86 markets and is known for providing local news and sports. With annual revenue of $3.55 billion and EBITDA of $800 million in the last twelve months, the company demonstrates significant operational scale. It also owns the Tennis Channel and several multicast networks. Tennis Channel, along with TennisChannel 2, offers comprehensive coverage of the professional tennis sport and lifestyle, including exclusive U.S. broadcasting rights to major tennis competitions. For detailed financial analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities.
This announcement is based on a press release statement from Sinclair Inc.
In other recent news, Sinclair Broadcast Group reported its fourth-quarter 2024 earnings, highlighting a strong performance in distribution revenue, which increased by 5% year-over-year, despite a 9% decline in core advertising revenue. The company’s adjusted EBITDA exceeded guidance by $5 million, reaching $330 million. Sinclair’s management has projected revenues between $765 million and $779 million for the first quarter of 2025, with EBITDA estimates ranging from $90 million to $102 million. Guggenheim maintained a Buy rating on Sinclair but lowered its price target from $19 to $17, reflecting a cautious outlook on advertising and retransmission fee revenues. Benchmark analysts also maintained a Buy rating with a consistent price target of $30, citing Sinclair’s potential for mergers and acquisitions and strategic use of cash for stock repurchases. Additionally, Sinclair announced the retirement of CFO Lucy Rutishauser, who will continue as a senior advisor post-retirement. The company is actively searching for her successor to ensure a smooth transition.
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