Sinclair names Narinder Sahai as new CFO, effective immediately

BALTIMORE - Sinclair, Inc. (NASDAQ:SBGI), a broadcast media company currently trading at a P/E ratio of 6.9x with annual revenue of $3.52 billion, announced Monday the appointment of Narinder Sahai as Executive Vice President and Chief Financial Officer, effective immediately.

Sahai brings over 20 years of financial leadership experience across public and private equity-backed companies. He most recently served as CFO at Arcis, a leisure and hospitality operator, where he led financial planning, accounting, tax, treasury and debt investor relations functions.

His previous roles include CFO at RumbleOn, Inc., Head of Worldwide Go-to-Market Finance for Compute and AI/Machine Learning services at Amazon Web Services, and Senior Vice President of Treasurer and Investor Relations at Target Hospitality Corp.

"Narinder’s proven track record as CFO of both publicly traded and private-equity-backed companies, combined with his operational discipline and strategic financial leadership, makes him exceptionally well-suited to guide Sinclair through its next phase of growth," said Chris Ripley, President and CEO of Sinclair, in a press release statement. According to InvestingPro analysis, Sinclair maintains a "GOOD" overall financial health score, with liquid assets exceeding short-term obligations.

Sahai holds a Bachelor of Engineering in Electronics and Electrical Communication Engineering from Thapar University in India and an MBA from the University of Michigan’s Ross School of Business. He is also a CFA Charterholder.

With this appointment, current CFO Lucy Rutishauser will step down but continue as Executive Vice President to support the transition until her planned retirement later this year, when she will assume the role of Senior Advisor.

Sinclair owns, operates and/or provides services to 185 television stations in 85 markets affiliated with major broadcast networks, and owns Tennis Channel along with several multicast networks. The company maintains a strong dividend yield of 6.76% and has sustained dividend payments for 16 consecutive years. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, covering over 1,400 US equities including Sinclair.

In other recent news, Sinclair Broadcast Group reported stable media revenues for the first quarter of 2025, aligning with expectations. The company saw a year-over-year increase in distribution revenues by $15 million, although consolidated adjusted EBITDA fell by $27 million compared to the previous year. Sinclair anticipates a slight decrease in media revenues for the second quarter of 2025 due to macroeconomic uncertainties impacting advertising visibility. In corporate developments, Sinclair held its annual stockholders’ meeting, where nine directors were elected, and PricewaterhouseCoopers LLP was ratified as the independent auditor for the fiscal year ending December 31, 2025. The meeting also saw the approval of an amendment to Sinclair’s Articles of Incorporation, expanding the definition of "Permitted Transferees" for the company’s Class B Common Stock. Additionally, Sinclair announced the appointment of Daniel Maas as Vice President of Business Development for AMP Media, highlighting his role in leading strategic growth initiatives. These developments reflect the company’s ongoing efforts to maintain leadership and strategic direction amidst industry challenges.

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