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BALTIMORE - Sinclair Inc. (NASDAQ:SBGI), a diversified media company currently trading at $12.99 per share, announced the election of nine directors at its Annual Stockholders’ Meeting held on Thursday. According to InvestingPro analysis, the company appears undervalued at current levels, presenting a potential opportunity for value investors. The board sees the return of several long-standing members, including Executive Chairman David D. Smith and Vice Presidents Frederick G. Smith, J. Duncan Smith, and Robert E. Smith.
The slate of directors also includes Laurie R. Beyer, Dr. Benjamin S. Carson, Sr., Howard E. Friedman, Daniel C. Keith, and Hon. Benson E. Legg, all of whom will serve for the upcoming term. This continuity in leadership comes at a time when Sinclair continues to expand its presence in the local news and sports broadcasting sectors, maintaining a robust dividend yield of 7.79% and an impressive 16-year streak of consistent dividend payments.
In addition to the election of directors, Sinclair’s stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. This move underscores the company’s commitment to maintaining rigorous financial oversight and transparency in its operations.
Furthermore, the stockholders approved a non-binding advisory vote on executive compensation, reflecting their input on the company’s pay practices for its top executives. They also voted in favor of an amendment to Sinclair’s Articles of Amendment and Restatement of the Articles of Incorporation. The amendment broadens the definition of "Permitted Transferees" for the company’s Class B Common Stock, potentially allowing for a wider range of shareholders in the future.
Details of the voting results will be provided in a Current Report on Form 8-K, which Sinclair will file with the Securities and Exchange Commission.
Sinclair, known for its ownership and operation of numerous television stations and its provision of services to stations in 85 markets, also owns the Tennis Channel, multicast networks, and runs NewsON, the largest streaming aggregator of local news content. The company has been increasing its digital footprint through AMP Media’s production of digital content and original podcasts.
This news is based on a press release statement from Sinclair, Inc.
In other recent news, Sinclair Broadcast Group announced stable media revenues for the first quarter of 2025, meeting expectations set by analysts. The company reported a $15 million increase in distribution revenues year-over-year, although consolidated adjusted EBITDA fell by $27 million compared to the previous year. Sinclair projects a slight decrease in media revenues for the second quarter of 2025, citing macroeconomic uncertainties that impact advertising visibility. Furthermore, Sinclair appointed Daniel Maas as Vice President of Business Development for AMP Media, the company’s original content division. Maas brings over 15 years of experience in the media industry, having held key positions at Betr, Wave Sports + Entertainment, DAZN, the NBA, and CBS Interactive. Meanwhile, Sinclair’s leadership expressed optimism about potential FCC deregulation, which could benefit the broadcast industry. Additionally, Sinclair’s CFO, Lucy Rutishauser, announced her upcoming retirement, with plans to remain in a senior advisory role during the transition.
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