Sinclair Broadcast Group Named to Fortune 500 List
Sinclair Broadcast Group has been added to the Fortune 500 list for the first time, ranking number 465 on the prestigious list. Starting out as a small local broadcaster, the company has grown into an award-winning media and technology giant, garnering both Emmy and Edward R. Murrow Awards for excellence.
The Fortune 500 takes the total revenue of a company for the fiscal year, then they are ranked accordingly. The list is published and compiled by Fortune magazine. The list ranks publicly held companies and privately held companies with publicly available revenues.
Known in the industry as an innovator, Sinclair’s started out as one of the first UHF stations in the country. Now they are a multifaceted broadcasting company, bringing some of the most diverse television broadcasting in the nation. They are proud to say they have transformed the television world.
Sinclair Broadcast Group was founded in 1986 by Julian Sinclair Smith and went public in 1995. It is currently traded on the NASDAQ under the ticker symbol SBGI. The roots of the company date back to 1958, when Smith formed the Commercial Radio Institute, a trade school for broadcasting in Baltimore, Maryland.
The multimedia company delivers on many platforms, including on-air, multiple video program distributors, and digital platforms.
Sinclair Broadcast Group also boasts one of the most diverse portfolios in the industry including 185 local television stations and 19 Bally Sports networks. They also own original content like Comet TV an original Sci-Fi channel, Stadium-a new, 24/7, a multi-platform sports network, and Ring of Honor-Sinclair’s 1-hour television wrestling programs, broadcast and exclusively syndicated on TV stations and Cable Systems. Other original programs include Charge! Compulse, STIRR, and many more. The evolving company also has ownership stakes in the Yes Network and Marquee Sports Network, the Chicago-area’s network for local fans to view live Cubs games.
Sinclair’s has had a major impact on the world of sports broadcasting. Acquiring 21 regional sports networks (RSNs) the company now owns the largest collection in the country. The company rebranded the RSNs under the Bally sports name, a collaboration between Sinclair and Bally’s Corporation which led to a new era for broadcasting live sports.
The success of the company has led to Sinclair becoming an industry innovator by expanding its sports coverage with the addition of Tennis Channel, the only 24-hour, multimedia haven dedicated to professional tennis and the tennis lifestyle including Tennis Channel Plus, Tennis Magazine, and Tennis.com
The cornerstone of the company is the hardworking teams who produce the award-winning local newscasts. The company prides itself on bringing the best talent into the fold. Sinclair credits employee loyalty and a desire to succeed with giving rise to its position as a leader of today’s broadcasting world.
Sinclair Broadcast Group shares a secret of their success on their website by posting their vision statement: “Connecting people with content everywhere. Regardless of the delivery platform or medium, we are committed to delivering the content our customers want and need, on any device, at any time, and in any place. How we execute our vision: We create, innovate and lead for the benefit of everyone. We deliver must-have content across all platforms and all devices. We attract and retain the best employees.”
More information about Sinclair Broadcast Group can be accessed at www.sbgi.net.