The Online Investor
Media M&A image Media M&A » By The Online Investor Staff, updated Sun., Jul. 12, 9:26 PM Recent mergers and acquisitions in the Media M&A category.

Slide #61. Sinclair Broadcast Group, Inc. KRNV-TV

Acquirer: Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)
Acquiree: KRNV-TV
Details: Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the "Company" or "Sinclair") announced that it closed on the acquisition of the non-license assets of KRNV (NBC 7) in Reno, Nevada from Intermountain West for $26.0 million and entered into an agreement to operate or provide sales services to the station. The purchase price represents a 5.2x multiple of the average 2012-2013 cash flow including synergies. We expect to drop our San Francisco news share on our FOX station and replace it with a local Reno newscast.

Sinclair Broadcast Group is a television media company. The content, distributed through Co.'s broadcast platform and third-party platforms, consists of programming provided by third-party networks and syndicators, local news, college and sports, and other original programming produced by Co. Additionally, Co. owns digital media products that are complementary to its portfolio of television station and regional sports network related digital properties. Outside of its media related businesses, Co. operates technical services companies focused on supply and maintenance of broadcast transmission systems as well as research and development for the advancement of broadcast technology.

SBGI SEC Filing Email Alerts Service


Open the SBGI Page at The Online Investor »

Company Name: 
Sinclair Broadcast Group Inc
Stock buyback: 
SBGI buyback
Website: 
www.sbgi.net
Sector: 
Television & Radio
Number of ETFs Holding SBGI: 
38
Total Market Value Held by ETFs: 
$137.30M
Total Market Capitalization: 
$1.02B
% of Market Cap. Held by ETFs: 
13.41%
 

Open the SBGI Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Buy (2.57 out of 4)
20th percentile
(ranked lower than approx. 80% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Media M&A - Slide 61 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.