Sinclair: Despite Key Catalysts, Long-Term Issues Are A Problem
Sinclair Broadcast Group(SBGI) Seeking Alpha·2024-06-08 20:00
Author - SEC EDGAR Data For the Tennis segment, things have been mixed. Revenue remained in a fairly narrow range between 2021 and 2023. But during that window of time, segment profits plunged from $71 million to only $50 million. This weakness, it appears, was driven by continuously rising media programming and production expenses that management attributed to higher rights fees, live production expenses, and more. The segment has seen some strength this year. Revenue in the first quarter came in at $63 mi ...