Sinclair Inc. announces key executive promotions

BALTIMORE - Sinclair Inc. (NASDAQ:SBGI), a major player in the media industry known for its local news and sports coverage, with a market capitalization of $963 million, has recently implemented a series of executive promotions within its corporate structure and various subsidiaries. According to InvestingPro data, the company maintains a significant 6.9% dividend yield and has consistently paid dividends for 15 consecutive years, despite operating with substantial debt levels.

Effective immediately, Sinclair has promoted Billie-Jo McIntire to Vice President of Corporate Finance, up from her previous role as Assistant Vice President of Investor Relations. Melissa Medina Yim has been elevated to Vice President of Human Resources from her former position as Assistant Vice President. In the distribution department, Patrick Baldwin now serves as Assistant Vice President, having been promoted from Director.

Within the Sinclair Television Group, several individuals have ascended to senior roles. Antonia DeFeo is now the Senior Vice President of Agency Solutions, and JW Linkenauger has been appointed Senior Vice President of Advanced Advertising Support Operations. Deidre O'Grady steps up as Senior Vice President of Pricing, Planning & Business Operations, with Kent Welch taking on the role of Senior Vice President of Promotions, Creative.

Additional promotions include Matthew Goldman to Vice President of Strategic and Technical Initiatives, Rafi Mamalian to Vice President of the Innovation Lab, and Ryan Siska to Vice President and Managing Director of Drive Auto. Michael Enslen, Daisy Glanker, Kelty Heilman, and Christopher Tabor have all been promoted to Assistant Vice President roles in their respective departments.

The Tennis Channel, a Sinclair subsidiary, has promoted David Monks to Vice President of Research and Strategy. At Dielectric, another part of Sinclair's portfolio, Kim Savage has been named Vice President of Sales and Marketing. For investors seeking deeper insights, InvestingPro offers comprehensive analysis of Sinclair's financial health, which currently rates as "FAIR" based on multiple factors including profitability, growth, and cash flow metrics.

Chris Ripley, President and CEO of Sinclair, commended the promoted leaders for their exceptional contributions to the company's success. He emphasized that these promotions underscore Sinclair's commitment to nurturing its talent and fostering innovation within the organization.

Sinclair Inc. operates 185 television stations across 86 markets, owns the Tennis Channel, and several multicast networks. The company is also known for NewsON, the largest streaming aggregator of local news content in the United States.

This organizational update is based on a press release statement from Sinclair Inc.

In other recent news, Sinclair Broadcast Group Inc. has reported significant developments. The company announced a 20% increase in consolidated media revenues, reaching $908 million, largely due to a record $138 million in political advertising revenue. Sinclair's adjusted EBITDA also saw a 72% increase compared to the previous year, and its cash holdings rose to $334 million.

Simultaneously, Sinclair has launched two new divisions, AMP (OTC:AMLTF) Sales & Marketing Solutions and AMP Media, aimed at enhancing its advertising and content offerings. The company also renewed its NBC affiliation for 21 stations, ensuring continued access to NBC programming for nearly 7 million U.S. households.

These are recent developments that follow Sinclair's reported partnerships for live sports content and the launch of two sports podcasts. The company anticipates media revenues between $992 million and $1 billion for the fourth quarter and expects net retransmission revenues to grow through 2025.

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