0001971213-23-000013.txt : 20230802 0001971213-23-000013.hdr.sgml : 20230802 20230802160458 ACCESSION NUMBER: 0001971213-23-000013 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20230802 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20230802 DATE AS OF CHANGE: 20230802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sinclair, Inc. CENTRAL INDEX KEY: 0001971213 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 921076143 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-271072 FILM NUMBER: 231135468 BUSINESS ADDRESS: STREET 1: 10706 BEAVER DAM ROAD CITY: HUNT VALLEY STATE: MD ZIP: 21030 BUSINESS PHONE: 410-568-1711 MAIL ADDRESS: STREET 1: 10706 BEAVER DAM ROAD CITY: HUNT VALLEY STATE: MD ZIP: 21030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sinclair Broadcast Group, LLC CENTRAL INDEX KEY: 0000912752 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 521494660 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26076 FILM NUMBER: 231135469 BUSINESS ADDRESS: STREET 1: 10706 BEAVER DAM ROAD CITY: HUNT VALLEY STATE: MD ZIP: 21030 BUSINESS PHONE: 4105681500 MAIL ADDRESS: STREET 1: 10706 BEAVER DAM ROAD CITY: HUNT VALLEY STATE: MD ZIP: 21030 FORMER COMPANY: FORMER CONFORMED NAME: SINCLAIR BROADCAST GROUP INC DATE OF NAME CHANGE: 19930928 8-K 1 sbgi-20230802.htm 8-K sbgi-20230802
false0001971213000091275210706 Beaver Dam RoadHunt ValleyMD21030410568-150000019712132023-08-022023-08-020001971213sbgi:SinclairBroadcastGroupLLCMember2023-08-022023-08-02

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
 
Form 8-K
 
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
 
August 2, 2023
Date of Report (Date of earliest event reported)
 
Sinclair, Inc.
(Exact name of registrant as specified in its charter)
Maryland333-27107292-1076143
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification Number)

Sinclair Broadcast Group, LLC
(Exact name of registrant as specified in its charter)
Maryland000-2607652-1494660
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification Number)
 
10706 Beaver Dam Road Hunt Valley, MD  21030
(Address of principal executive offices and zip code)
 
(410) 568-1500
(Registrants' telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Sinclair, Inc.
Title of each classTrading SymbolName of each exchange on which registered
Class A Common Stock, par value $ 0.01 per shareSBGIThe NASDAQ Stock Market LLC

Sinclair Broadcast Group, LLC
Title of each classTrading SymbolName of each exchange on which registered
NoneN/AN/A



Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Sinclair, Inc. ☐ Sinclair Broadcast Group, LLC ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  Sinclair, Inc. ☐ Sinclair Broadcast Group, LLC ☐



Item 2.02 Results of Operations and Financial Condition.

On August 2, 2023, Sinclair, Inc. (the "Company") announced via press release the Company’s financial results for the second quarter ended June 30, 2023. The financial results of the Company’s wholly-owned subsidiary, Sinclair Broadcast Group, LLC (“SBG”), are reflected within the Company’s financial results. A copy of the Company’s press release is attached hereto as Exhibit 99.1. The information contained herein and the attached exhibit are furnished under this Item 2.02 of Form 8-K and are furnished to, but for purposes of Section 18 of the Securities Exchange Act of 1934 shall not be deemed filed with, the Securities and Exchange Commission. The information contained herein and in the accompanying exhibit shall not be incorporated by reference to any filing of the Company or SBG, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibit related to Item 2.02 shall be deemed to be furnished and not filed.
Exhibit No.Description
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SINCLAIR, INC.
SINCLAIR BROADCAST GROUP, LLC


By: /s/ David R. Bochenek
        
Name:    David R. Bochenek
Title:    Senior Vice President / Chief Accounting Officer
Dated: August 2, 2023


 EX-99.1 2 exhibit991-2q23pressreleas.htm EX-99.1 Document

News Release

        
SINCLAIR REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS


BALTIMORE (August 2, 2023) - Sinclair, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and six months ended June 30, 2023.

Second Quarter Highlights:
•Met or exceeded key financial metrics
•Repurchased approximately $30 million of debt
•Completed holding company reorganization

CEO Comment:
"Sinclair is continuing to see a solid start to 2023, meeting or beating guidance on all key financial metrics," said Chris Ripley, Sinclair's President & Chief Executive Officer. "As we continue our evolution from a traditional broadcast company to a diversified content and data distributor, we have finalized the process of reorganizing our company structure to increase transactional flexibility and transparency around the value of assets being held in each business unit, Sinclair Broadcast Group and its subsidiaries ("SBG") and Sinclair Ventures and its subsidiaries ("Ventures"). SBG holds the pure-play local media assets, while Ventures holds the company's non-local media assets. Our end goal is to create an even more efficient company, designed to use the breadth of our assets to identify and accelerate growth."




Recent Company Developments:

•In June, the Company completed the share exchange effectuating a reorganization in which Sinclair Inc. became the publicly-traded parent of SBG.

Content and Distribution:
•Year-to-date, Sinclair's newsrooms have won a total of 223 journalism awards, including 23 RTDNA Regional Edward R. Murrow awards, three National Headliner awards, and two Investigative Reporters and Editors (IRE) awards. Sinclair’s “Project Baltimore” also won the Society of Professional Journalists National Sigma Delta Chi Award for Investigative Reporting.
•In July, the Company announced a distribution agreement with Hulu to add carriage of Tennis Channel, T2, Comet and CHARGE! to Hulu’s service offerings beginning January of 2024.
•In June, the Company reached an agreement with Smith Entertainment Group (SEG), parent company of the Utah Jazz, to make KJZZ “The Home of the Utah Jazz,” enabling fans within the Jazz’s local broadcast market to watch all non-nationally televised exclusive Jazz games on the over-the-air, local TV station.
•Tennis Channel, recorded a 20% year-over-year growth in total viewers in the second quarter of 2023, despite Wimbledon being pushed back a week this year into the third quarter. The growth rate outpaced all other English-language sports networks.



Community:
•In July, the Company announced a partnership with the National Diaper Bank Network to launch Sinclair Cares: Summer Diaper Drive, a nationwide campaign to create awareness, provide assistance, and build a community to reduce diaper need in the US.
•Also in July, the Company announced that it has awarded scholarships to 15 university students as a part of its annual Diversity Scholarship program. Having provided more than $315,000 in tuition assistance since 2013, the annual Sinclair Broadcast Group Diversity Scholarship aims to invest in the future of the local media industry and help students from diverse backgrounds, who reflect Sinclair’s audiences nationwide, complete their education and pursue careers in local media journalism, digital storytelling, and marketing.

Investment Portfolio:
•As of June 30, 2023, the Company estimated the fair market value of Ventures' investment portfolio, which includes investments in real estate, private equity, and venture capital funds, as well as direct investments in companies, at approximately $1.2 billion, or approximately $20 per share.
•During the second quarter, Ventures made investments of approximately $6 million in its portfolio of investments and received distributions, including exit payments, of approximately $5 million.

NextGen Broadcasting (ATSC 3.0):
•As of the end of July, the Company launched NextGen Broadcast in 41 markets, including recent launches in South Bend, IN and Reno, NV. To date, NextGen Broadcast is available in 69% of the TV households in Sinclair's licensed footprint.

Financial Results:
The results below reflect the deconsolidation of the Local Sports segment comprised of the regional sports networks (RSNs), which are owned and operated by Diamond Sports Group ("DSG") and its direct and indirect subsidiaries, from the Company's financial statements and accounted for under equity method of accounting, effective March 1, 2022. As such, the quarter-to-date and year-to-date 2023 consolidated financial results do not include any results of operations of the Local Sports segment, while the consolidated financial results for the comparable year-to-date 2022 period include two months results of operations of the Local Sports segment.

Three Months Ended June 30, 2023 Consolidated Financial Results:
•Total revenues decreased 8% to $768 million versus $837 million in the prior year period. Media revenues also decreased 8% to $761 million versus $831 million in the prior year period.
•Total advertising revenues of $309 million decreased 16% versus $366 million in the prior year period. Core advertising revenues, which exclude political revenues, were down 3% in the second quarter to $303 million versus $312 million in the prior year period.
•Distribution revenues of $418 million decreased versus $430 million in the prior year period.
•Operating loss of $3 million, including non-recurring transaction and transition services, implementation, COVID, legal, and regulatory costs ("Adjustments") of $24 million, declined versus an operating income of $107 million in the prior year period, which included Adjustments of $13 million. Operating income, when excluding the Adjustments, was $21 million compared to an operating income, excluding the Adjustments, of $120 million in the prior year period.


•Net loss attributable to the Company was $89 million versus net loss of $11 million in the prior year period. Excluding Adjustments, the Company had net loss of $70 million.
•Adjusted EBITDA decreased 42% to $107 million from $183 million in the prior year period.
•Diluted loss per common share was $1.38 as compared to diluted loss per common share of $0.17 in the prior year period. On a diluted share basis, the impact of Adjustments was $(0.29), and the impact of Adjustments in the prior year period was $(0.14).
Six Months Ended June 30, 2023 Consolidated Financial Results:
•Total revenues decreased 27% to $1,541 million versus $2,125 million in the prior year period. Media revenues decreased 27% to $1,527 million versus $2,106 million in the prior year period. Excluding DSG, total revenues decreased 8% from $1,669 million in the prior year period and media revenues decreased 7% from $1,650 million in the prior year period.
•Total advertising revenues of $618 million decreased 16% versus $737 million in the prior year period. Excluding DSG, total advertising revenues decreased 11% from $693 million in the prior year period. Core advertising revenues, which excludes political revenues, of $609 million were down 9% versus $666 million in the prior year period. Excluding DSG, core advertising revenues decreased 2% from $622 million in the prior year period.
•Distribution revenues of $844 million decreased versus $1,303 million in the prior year period. Excluding DSG, distribution revenues decreased 3% from $870 million in the prior year period.
•Operating income of $18 million, including $30 million of Adjustments, declined versus operating income of $3,573 million in the prior year period, which included Adjustments of $19 million and a $3,357 million gain on asset dispositions relating to deconsolidating DSG's net liability ("Gain on Deconsolidation"). Operating income, when excluding the Adjustments and Gain on Deconsolidation, was $48 million compared to operating income of $235 million in the prior year period. Excluding DSG, operating income excluding the Adjustments and Gain on Deconsolidation decreased 81% from $237 million in the prior year period.
•Net income attributable to the Company was $96 million versus net income of $2,576 million in the prior year period. Excluding Adjustments, the Company had net income of $120 million. Net loss from DSG in the prior year period was $94 million.
•Adjusted EBITDA decreased 48% to $227 million from $437 million in the prior year period. Adjusted EBITDA from DSG in the first two months of 2022 was $54 million.
•Diluted earnings per common share was $1.43 as compared to diluted earnings per common share of $36.00 in the prior year period. On a diluted-per-share basis, the impact of Adjustments was $(0.36) and the impact of Adjustments and the Gain on Deconsolidation in the prior year period was $35.68.




Segment financial information is included in the following tables for the periods presented. The Local Media segment consists primarily of broadcast television stations, which the Company owns, operates or to which the Company provides services, and includes multicast networks and original content. The Local Media segment assets are owned and operated by SBG. The Tennis segment consists primarily of Tennis Channel, a cable network which includes coverage of many of tennis' top tournaments and original professional sport and tennis lifestyle shows; the Tennis Channel International streaming service; Tennis Channel Plus streaming service; T2 FAST, a 24-hours a day free ad-supported streaming television channel; and Tennis.com. Other includes non-broadcast digital and internet solutions, technical services, and other non-media investments. The assets of the Tennis segment and Other are owned and operated by Ventures. The highlights below include the divestiture of Ring of Honor (May 3, 2022) and Stadium (May 2, 2023).

Three months ended June 30, 2023Local MediaTennisOtherCorporate and EliminationsConsolidated
($ in millions)
Distribution revenue$372 $46 $— $— $418 
Advertising revenue293 
(a)
14 6 (4)309 
Other media revenue34 
(b)
— — — 34 
Media revenues$699 $60 $6 $(4)$761 
Non-media revenue— — 8 (1)7 
Total revenues$699 $60 $14 $(5)$768 
Media programming and production expenses$369 $40 $5 $(1)$413 
Media selling, general and administrative expenses175 12 6 (3)190 
Non-media expenses3 — 7 (1)9 
Program contract payments23 — — — 23 
Corporate general and administrative expenses46 — — 16 62 
Stock-based compensation10 — — 2 12 
Non-recurring transaction and transition services, implementation, COVID, legal, and regulatory costs.
18 — 4 2 24 
Adjusted EBITDA(c)
$111 $8 $— $(12)$107 
Interest expense (net) (d)
$66 $— $(5)$— $61 
Capital expenditures19 — 1 — 20 
Distributions to the noncontrolling interests4 — — — 4 
Cash distributions from equity investments— — 5 — 5 
Cash taxes paid2 
Adjusted Free Cash Flow (e)
$25 
(a)Includes political advertising revenue of $6 million.
(b)Local Media segment other media revenue includes $14 million of management and incentive fees for services provided by the Local Media segment to DSG and Marquee under management services agreements which are not eliminated due to the deconsolidation of the Local Sports segment as of March 1, 2022.
(c)Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortization, and non-recurring transaction and transition services, implementation, COVID, legal, and regulatory costs, as well as certain non-cash items such as stock-based compensation expense; less program contract payments. Refer to the reconciliation on the last page of this press release and the Company's website. In the above table, Adjusted EBITDA equals total revenues minus media programming and production expenses, media selling, general and administrative expenses, non-media expenses, program contract payments, and corporate general and administrative expenses; plus stock-based compensation and non-recurring transaction and transition services, implementation, COVID, legal, and regulatory costs.
(d)Interest expense (net) excludes deferred financing costs, original issue discount amortization, and other non-cash interest expense, and is net of interest income.


(e)Adjusted Free Cash Flow is defined as Adjusted EBITDA less interest expense (net), distributions to non-controlling interest holders, cash taxes paid, and capital expenditures; plus cash distributions received from equity investments. Refer to the reconciliation on the last page of this press release and the Company's website.

Three months ended June 30, 2022Local MediaTennisOtherCorporate and EliminationsConsolidated
($ in millions)
Distribution revenue$385 $45 $— $— $430 
Advertising revenue343 
(a)
11 13 (1)366 
Other media revenue32 
(b)
2 2 (1)35 
Media revenues$760 $58 $15 $(2)$831 
Non-media revenue— — 12 (6)6 
Total revenues$760 $58 $27 $(8)$837 
Media programming and production expenses$360 $39 $7 (3)$403 
Media selling, general and administrative expenses169 14 14 (2)195 
Non-media expenses3 — 9 (2)10 
Program contract payments26 — — — 26 
Corporate general and administrative expenses34 — — 4 38 
Stock-based compensation4 — — 1 5 
Non-recurring transaction and transition services, implementation, COVID, legal, and regulatory costs.
12 — — 1 13 
Adjusted EBITDA(c)
184 5 (3)(3)183 
Interest expense (net) (d)
$51 $— $(3)$— $48 
Capital expenditures22 1 — 1 24 
Distributions to the noncontrolling interests2 — — — 2 
Cash distributions from equity investments— — 6 — 6 
Cash taxes paid15 
Adjusted Free Cash Flow (e)
$100 
(a)Includes political advertising revenue of $54 million.
(b)Local Media segment other media revenue includes $10 million of management and incentive fees for services provided by the Local Media segment to DSG and Marquee under management services agreements which are not eliminated due to the deconsolidation of the Local Sports segment as of March 1, 2022.
(c)Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortization, and non-recurring transaction and transition services, implementation, COVID, legal, and regulatory costs, as well as certain non-cash items such as stock-based compensation expense; less program contract payments. Refer to the reconciliation on the last page of this press release and the Company's website. In the above table, Adjusted EBITDA equals total revenues minus media programming and production expenses, media selling, general and administrative expenses, non-media expenses, program contract payments, and corporate general and administrative expenses; plus stock-based compensation and non-recurring transaction and transition services, implementation, COVID, legal, and regulatory costs.
(d)Interest expense (net) excludes deferred financing costs, original issue discount amortization, and other non-cash interest expense, and is net of interest income.
(e)Adjusted Free Cash Flow is defined as Adjusted EBITDA less interest expense (net), distributions to non-controlling interest holders, cash taxes paid, and capital expenditures; plus cash distributions received from equity investments. Refer to the reconciliation on the last page of this press release and the Company's website.

Consolidated Balance Sheet and Cash Flow Highlights of the Company:
•Total Company debt as of June 30, 2023 was $4,222 million, of which $4,206 million is SBG debt and $16 million is Ventures debt.


•The Company purchased approximately $32 million of principal across multiple tranches of debt, $30 million in June and $2 million in July, in the open market for $21 million, representing a weighted average discount of 35% to par and a weighted average yield to maturity of 13%.
•Cash and cash equivalents for the Company as of June 30, 2023 was $728 million, of which $368 million is SBG cash and $360 million is Ventures cash.
•As of June 30, 2023, 39.3 million Class A common shares and 23.8 million Class B common shares were outstanding, for a total of 63.0 million common shares. As previously reported, the Company repurchased approximately 8.8 million shares through May 1, 2023.
•In June, the Company paid a quarterly cash dividend of $0.25 per share.
•Capital expenditures for the second quarter of 2023 were $20 million.

Notes:
Certain reclassifications have been made to prior years' financial information to conform to the presentation in the current year.

Outlook:
The Company currently expects to achieve the following results for the three months ending September 30, 2023 and the twelve months ending December 31, 2023. The expected results for both the three months ending September 30, 2023 and the twelve months ending December 31, 2023 do not include the Company's former Local Sports segment, which was deconsolidated as of March 1, 2022.


For the three months ending September 30, 2023 ($ in millions)Local MediaTennisOtherCorporate and EliminationConsolidated
Advertising revenue$281 to $295$9$6$(4)$291 to $307
Distribution revenue362 to 36546 to 47— — 408 to 412
Other media revenue341— (1)34
Media revenues$677 to $694$56 to $58$6$(5) to $(6)$733 to $752
Non-media revenue— — 10 to 11(1)10 to 11
Total revenues$677 to $694$56 to $58$16 to $18$(6)$742 to $763
Media programming & production expenses and media selling, general and administrative expenses$549 to $551$44$5$(5)$593 to $595
Non-media expenses4— 13 to 14— 17 to 18
Program contract payments22— — — 22
Corporate overhead19— 11333
Stock-based compensation6— — — 6
Non-recurring transaction, implementation, legal, and regulatory costs.
4— 218
Adjusted EBITDA(a)
$94 to $109$11 to $13$(1) to $0(13)$91 to $109
Interest expense (net)(b)
69— (4)— 65
Total capital expenditures29 to 34— 1— 30 to 35
Distributions to the noncontrolling interests3— — — 3
Cash distributions from equity investments— — 3— 3
Net cash tax payments1
Adjusted Free Cash Flow(c)
$(9) to $14
Note: Certain amounts may not summarize to totals due to rounding differences.
(a)Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortization, and non-recurring transaction, implementation, legal, and regulatory costs, as well as certain non-cash items such as stock-based compensation expense; less programming payments. In the above table, Adjusted EBITDA equals total revenues minus media programming and production expenses, media selling, general and administrative expenses, non-media expenses, program contract payments, and corporate general and administrative expenses; plus stock-based compensation and non-recurring transaction, implementation, legal, and regulatory costs.
(b)Interest expense (net) excludes deferred financing costs, original issue discount amortization, and other non-cash interest expense, and is net of interest income.
(c)Adjusted Free Cash Flow is defined as Adjusted EBITDA less interest expense (net), distributions to non-controlling interest holders, cash taxes paid, and capital expenditures; plus cash distributions received from equity investments.



For the twelve months ending December 31, 2023 ($ in millions)Consolidated
Expense Highlights:
Media programming & production expenses and media selling, general and administrative expenses$2,377 to $2,383
Non-media expenses68
Program contract payments89 
Corporate overhead186 
Stock based compensation included in corporate, media, and non-media expenses above47
Non-recurring transaction, implementation, legal, and regulatory costs included in corporate, media, and non-media expenses above46
Interest expense (net)(a)
253
Total capital expenditures100 to 110
Distributions to noncontrolling interests12
Cash distributions from equity investments45 
Net cash tax payments5
Note: Certain amounts may not summarize to totals due to rounding differences.
(a)Interest expense (net) excludes deferred financing costs, original issue discount amortization, and other non-cash interest expense, and is net of interest income.

Sinclair Conference Call:
The senior management of Sinclair will hold a conference call to discuss the Company's second quarter 2023 results on Wednesday, August 2, 2023, at 4:30 p.m. ET. The call will be webcast live and can be accessed at www.sbgi.net under "Investor Relations/Events and Presentations." After the call, an audio replay will remain available at www.sbgi.net. The press and the public will be welcome on the call in a listen-only mode. The dial-in number is (888) 506-0062, with entry code 433619.

About Sinclair:
Sinclair, Inc. is a diversified media company and a leading provider of local news and sports. The Company owns, operates and/or provides services to 185 television stations in 86 markets affiliated with all the major broadcast networks; owns Tennis Channel and multicast networks Comet, CHARGE! and TBD; and owns and provides services to 21 regional sports network brands. Sinclair’s content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and the nation’s largest streaming aggregator of local news content, NewsON. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.



Sinclair, Inc. and Subsidiaries
Preliminary Unaudited Consolidated Statements of Operations
(In millions, except share and per share data)
Three Months Ended 
 June 30,		Six Months Ended 
 June 30,
2023202220232022
REVENUES:
Media revenues$761 $831 $1,527 $2,106 
Non-media revenues7 6 14 19 
Total revenues768 837 1,541 2,125 
OPERATING EXPENSES:
Media programming and production expenses413 403 811 1,161 
Media selling, general and administrative expenses190 195 381 415 
Amortization of program contract costs19 21 41 46 
Non-media expenses9 10 21 23 
Depreciation of property and equipment32 24 56 52 
Corporate general and administrative expenses62 38 120 85 
Amortization of definite-lived intangible assets41 43 82 136 
Gain on deconsolidation of subsidiary— — — (3,357)
Loss (gain) on asset dispositions and other, net of impairment5 (4)11 (9)
Total operating expenses (gains)771 730 1,523 (1,448)
Operating (loss) income(3)107 18 3,573 
OTHER INCOME (EXPENSE):
Interest expense including amortization of debt discount and deferred financing costs(76)(54)(150)(169)
Gain on extinguishment of debt11 3 11 3 
(Loss) income from equity method investments(1)3 30 15 
Other expense, net(38)(105)(27)(165)
Total other expense, net(104)(153)(136)(316)
(Loss) income before income taxes(107)(46)(118)3,257 
INCOME TAX BENEFIT (PROVISION)20 40 224 (647)
NET (LOSS) INCOME(87)(6)106 2,610 
Net (income) loss attributable to the redeemable noncontrolling interests— (5)4 (9)
Net income attributable to the noncontrolling interests(2)— (14)(25)
NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR$(89)$(11)$96 $2,576 
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR:
Basic earnings per share$(1.38)$(0.17)$1.44 $36.00 
Diluted earnings per share$(1.38)$(0.17)$1.43 $36.00 
Basic weighted average common shares outstanding (in thousands)64,012 70,897 66,862 71,527 
Diluted weighted average common and common equivalent shares outstanding (in thousands)64,012 70,897 66,947 71,533 


The Company considers Adjusted EBITDA to be an indicator of the Company's operating performance and the ability to service its debt. The Company also believes that Adjusted EBITDA is frequently used by industry analysts, investors and lenders as a measure of valuation and ability to service its debt. The Company also discloses segment Adjusted EBITDA as an indicator of the operating performance of its segments in accordance with ASC 280, Segment Reporting.

The Company considers Adjusted Free Cash Flow to be an indicator of the Company's operating performance. The Company also believes that Free Cash Flow is a commonly used measure of valuation for companies in the local media industry. In addition, this measure is frequently used by industry analysts, investors and lenders as a measure of valuation for local media companies.

Non-GAAP measures are not formulated in accordance with GAAP, are not meant to replace GAAP financial measures and may differ from other companies’ uses or formulations. The Company does not provide reconciliations on a forward-looking basis. Further discussions and reconciliations of the Company's non-GAAP financial measures to comparable GAAP financial measures can be found on its website www.SBGI.net.


Sinclair, Inc. and Subsidiaries
Reconciliation of Non-GAAP Measurements - Unaudited
All periods reclassified to conform with current year GAAP presentation
(in millions)
Three Months Ended 
 June 30,		Six Months Ended 
 June 30,
2023202220232022
Reconciliation of Net Income to Adjusted EBITDA
Net (loss) income attributable to Sinclair
$(89)$(11)$96 $2,576 
Add: Income (loss) from redeemable noncontrolling interests— 5 (4)9 
Add: Income from noncontrolling interests2 — 14 25 
Add: Income tax (benefit) provision(20)(40)(224)647 
Add: Other (income) expense(3)5 (3)11 
Add: Loss (income) from equity method investments1 (3)(30)(15)
Add: Loss from other investments and impairments52 105 53 159 
Add: Gain on extinguishment of debt/insurance proceeds(11)(3)(11)(3)
Add: Interest expense76 54 150 169 
Less: Interest income(11)(4)(23)(5)
Less: Gain on deconsolidation of subsidiary— — — (3,357)
Less: Loss (gain) on asset dispositions and other, net of impairment5 (4)11 (9)
Add: Amortization of intangible assets & other assets41 43 82 136 
Add: Depreciation of property & equipment32 24 56 52 
Add: Stock-based compensation12 4 35 28 
Add: Amortization of program contract costs19 21 41 46 
Less: Cash film payments(23)(26)(46)(52)
Add: Amortization of sports programming rights— — — 326 
Less: Cash sports programming rights payments— — — (325)
Add: Transaction and transition service, COVID, legal and other non-recurring expense24 13 30 19 
Adjusted EBITDA$107 $183 $227 $437 


Three Months Ended 
 June 30,		Six Months Ended 
 June 30,
2023202220232022
Reconciliation of Net Income to Adjusted Free Cash Flow
Net (loss) income attributable to Sinclair
$(89)$(11)$96 $2,576 
Add: Income (loss) from redeemable noncontrolling interests— 5 (4)9 
Add: Income from noncontrolling interests2 — 14 25 
Less: Distributions to noncontrolling interests(4)(2)(8)(6)
Add: Cash distributions from equity investments5 6 41 51 
Add: Income tax (benefit) provision(20)(40)(224)647 
Add: Other non-cash (income) expense(3)5 (3)11 
Add: Loss (income) from equity method investments1 (3)(30)(15)
Add: Loss from other investments and impairments52 105 53 159 
Add: Gain on extinguishment of debt/insurance proceeds(11)(3)(11)(3)
Add: Amortization of deferred financing and bond discounts/premiums4 2 7 8 
Less: Gain on deconsolidation of subsidiary— — — (3,357)
Less: Loss (gain) on asset dispositions and other, net of impairment5 (4)11 (9)
Add: Amortization of intangible assets & other assets41 43 82 136 
Add: Depreciation of property & equipment32 24 56 52 
Add: Stock-based compensation12 4 35 28 
Add: Amortization of program contract costs19 21 41 46 
Less: Cash film payments(23)(26)(46)(52)
Less: Capital expenditures(20)(24)(40)(44)
Less: Cash taxes paid(2)(15)(4)(15)
Add: Amortization of sports programming rights— — — 326 
Less: Cash sports programming rights payments— — — (325)
Add: Transaction and transition service, COVID, legal and other non-recurring expense24 13 30 19 
Adjusted Free Cash Flow$25 $100 $96 $267 
Adjusted EBITDA less interest expense (net), distributions to non-controlling interest holders, cash taxes paid, and capital expenditures; plus cash distributions received from equity investments


Three months ended June 30, 2023Local MediaTennisOtherCorporate and EliminationsConsolidated
($ in millions)
Total revenues$699 $60 $14 $(5)$768 
Media programming and production expenses369 40 5 (1)413 
Media selling, general and administrative expenses175 12 6 (3)190 
Depreciation and amortization expenses67 5 1 — 73 
Amortization of program contract costs19 — — — 19 
Corporate general and administrative expenses46 — — 16 62 
Non-media expenses3 — 7 (1)9 
Gain on asset dispositions and other, net of impairment(2)— 7 — 5 
Operating income22 3 (12)(16)(3)
Reconciliation of GAAP Operating Income to Adjusted EBITDA:
Operating income$22 $3 $(12)$(16)$(3)
Depreciation and amortization expenses67 5 1 — 73 
Amortization of program contract costs19 — — — 19 
Gain on asset dispositions and other, net of impairment(2)— 7 — 5 
Program contract payments(23)— — — (23)
Stock-based compensation10 — — 2 12 
Adjustments18 — 4 2 24 
Adjusted EBITDA
111 8 — (12)107 




Three months ended June 30, 2022Local MediaTennisOtherCorporate and EliminationsConsolidated
($ in millions)
Total revenues$760 $58 $27 $(8)$837 
Media programming and production expenses360 39 7 (3)403 
Media selling, general and administrative expenses169 14 14 (2)195 
Depreciation and amortization expenses61 5 2 (1)67 
Amortization of program contract costs21 — — — 21 
Corporate general and administrative expenses34 — — 4 38 
Non-media expenses3 — 9 (2)10 
Gain on asset dispositions and other, net of impairment(4)— — — (4)
Operating income116 — (5)(4)107 
Reconciliation of GAAP Operating Income to Adjusted EBITDA:
Operating income$116 $— $(5)$(4)$107 
Depreciation and amortization expenses61 5 2 (1)67 
Amortization of program contract costs21 — — — 21 
Gain on asset dispositions and other, net of impairment(4)— — — (4)
Program contract payments(26)— — — (26)
Stock-based compensation4 — — 1 5 
Adjustments12 — — 1 13 
Adjusted EBITDA
184 5 (3)(3)183 




Forward-Looking Statements:
The matters discussed in this news release, particularly those in the section labeled "Outlook," include forward-looking statements regarding, among other things, future operating results. When used in this news release, the words "outlook," "intends to," "believes," "anticipates," "expects," "achieves," "estimates," and similar expressions are intended to identify forward-looking statements. Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including and in addition to the assumptions set forth therein, but not limited to, the rate of decline in the number of subscribers to services provided by traditional multi-channel video programming distributors; the Company’s ability to generate cash to service its substantial indebtedness; the successful execution of outsourcing agreements; the successful execution of retransmission consent agreements; the successful execution of network and MVPD affiliation agreements; the Company’s ability to compete for viewers and advertisers; pricing and demand fluctuations in local and national advertising; volatility in programming costs; the impact of pending and future litigation claims against the Company; the potential impacts of the war in Ukraine and the COVID-19 pandemic on the Company’s business operations, financial results and financial position and on the world economy; the market acceptance of new programming; the Company’s ability to identify and consummate acquisitions and investments, to manage increased leverage resulting from acquisitions and investments, and to achieve anticipated returns on those investments once consummated; the impact of any loss of key personnel, including talent; material legal, financial and reputational risks and operational disruptions resulting from a breach of the Company’s information systems, including due to the cybersecurity event in October 2021; the impact of FCC and other regulatory proceedings against the Company; uncertainties associated with potential changes in the regulatory environment affecting the Company’s business and growth strategy, and any risk factors set forth in the Company's recent reports on Form 10-Q and/or Form 10-K, as filed with the Securities and Exchange Commission. There can be no assurances that the assumptions and other factors referred to in this release will occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements except as required by law.
###

Investor Contacts:
Christopher C. King, VP, Investor Relations
Billie-Jo McIntire, AVP, Investor Relations
(410) 568-1500

Media Contact:
Sinclair@5wpr.com

Category: Financial

 EX-101.SCH 3 sbgi-20230802.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0000001 - Document - Cover Page Cover Page link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 sbgi-20230802_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 5 sbgi-20230802_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Document Period End Date Document Period End Date Pre-commencement Tender Offer Pre-commencement Tender Offer Soliciting Material Soliciting Material City Area Code City Area Code Entity Address, Postal Zip Code Entity Address, Postal Zip Code Entity Central Index Key Entity Central Index Key Entity Address, City or Town Entity Address, City or Town Security Exchange Name Security Exchange Name Title of 12(b) Security Title of 12(b) Security Written Communications Written Communications Document Information [Line Items] Document Information [Line Items] Local Phone Number Local Phone Number Trading Symbol Trading Symbol Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity Address, State or Province Entity Address, State or Province Pre-commencement Issuer Tender Offer Pre-commencement Issuer Tender Offer Cover [Abstract] Cover [Abstract] Entity Emerging Growth Company Entity Emerging Growth Company Entity [Domain] Entity [Domain] Document Type Document Type Amendment Flag Amendment Flag Document Information [Table] Document Information [Table] Entity File Number Entity File Number Legal Entity [Axis] Legal Entity [Axis] Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address, Address Line One Sinclair Broadcast Group, LLC Sinclair Broadcast Group, LLC [Member] Sinclair Broadcast Group, LLC Entity Registrant Name Entity Registrant Name EX-101.PRE 6 sbgi-20230802_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 7 R1.htm IDEA: XBRL DOCUMENT v3.23.2
Cover Page Cover Page
Aug. 02, 2023
Document Information [Line Items]  
Document Type 8-K
Document Period End Date Aug. 02, 2023
Entity Registrant Name Sinclair, Inc.
Entity Incorporation, State or Country Code MD
Entity File Number 333-271072
Entity Tax Identification Number 92-1076143
Entity Address, Address Line One 10706 Beaver Dam Road
Entity Address, City or Town Hunt Valley
Entity Address, State or Province MD
Entity Address, Postal Zip Code 21030
City Area Code 410
Local Phone Number 568-1500
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Title of 12(b) Security Class A Common Stock, par value $ 0.01 per share
Trading Symbol SBGI
Security Exchange Name NASDAQ
Amendment Flag false
Entity Central Index Key 0001971213
Sinclair Broadcast Group, LLC  
Document Information [Line Items]  
Entity Registrant Name Sinclair Broadcast Group, LLC
Entity Incorporation, State or Country Code MD
Entity File Number 000-26076
Entity Tax Identification Number 52-1494660
Entity Address, Address Line One 10706 Beaver Dam Road
Entity Address, City or Town Hunt Valley
Entity Address, State or Province MD
Entity Address, Postal Zip Code 21030
City Area Code 410
Local Phone Number 568-1500
Entity Emerging Growth Company false
Entity Central Index Key 0000912752
XML 8 sbgi-20230802_htm.xml IDEA: XBRL DOCUMENT 0001971213 2023-08-02 2023-08-02 0001971213 sbgi:SinclairBroadcastGroupLLCMember 2023-08-02 2023-08-02 false 0001971213 0000912752 10706 Beaver Dam Road Hunt Valley MD 21030 410 568-1500 8-K 2023-08-02 Sinclair, Inc. MD 333-271072 92-1076143 Sinclair Broadcast Group, LLC MD 000-26076 52-1494660 10706 Beaver Dam Road Hunt Valley MD 21030 410 568-1500 false false false false Class A Common Stock, par value $ 0.01 per share SBGI NASDAQ false false EXCEL 9 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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

&PO7W)E;',O=V]R M:V)O;VLN>&UL+G)E;'-02P$"% ,4 " "<@ )799!YDAD! #/ P $P M @ &A$P 6T-O;G1E;G1?5'EP97-=+GAM;%!+!08 "0 ) + #X" #K% ! end XML 10 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 FilingSummary.xml IDEA: XBRL DOCUMENT 3.23.2 html 2 22 1 false 1 0 false 0 false false R1.htm 0000001 - Document - Cover Page Cover Page Sheet http://www.sbgi.net/role/CoverPageCoverPage Cover Page Cover Page Cover 1 false false All Reports Book All Reports [ix-0514-Hidden-Fact-Eligible-For-Transform] WARN: 6 fact(s) appearing in ix:hidden were eligible for transformation: dei:CityAreaCode, dei:EntityAddressAddressLine1, dei:EntityAddressCityOrTown, dei:EntityAddressPostalZipCode, dei:EntityAddressStateOrProvince, dei:LocalPhoneNumber - sbgi-20230802.htm 4 sbgi-20230802.htm exhibit991-2q23pressreleas.htm sbgi-20230802.xsd sbgi-20230802_def.xml sbgi-20230802_lab.xml sbgi-20230802_pre.xml http://xbrl.sec.gov/dei/2023 true false JSON 15 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "sbgi-20230802.htm": { "axisCustom": 0, "axisStandard": 1, "baseTaxonomies": { "http://xbrl.sec.gov/dei/2023": 34 }, "contextCount": 2, "dts": { "definitionLink": { "local": [ "sbgi-20230802_def.xml" ] }, "inline": { "local": [ "sbgi-20230802.htm" ] }, "labelLink": { "local": [ "sbgi-20230802_lab.xml" ] }, "presentationLink": { "local": [ "sbgi-20230802_pre.xml" ] }, "schema": { "local": [ "sbgi-20230802.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd", "https://xbrl.sec.gov/dei/2023/dei-2023.xsd" ] } }, "elementCount": 28, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2023": 9, "total": 9 }, "keyCustom": 0, "keyStandard": 22, "memberCustom": 1, "memberStandard": 0, "nsprefix": "sbgi", "nsuri": "http://www.sbgi.net/20230802", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "sbgi-20230802.htm", "contextRef": "c-1", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "0000001 - Document - Cover Page Cover Page", "menuCat": "Cover", "order": "1", "role": "http://www.sbgi.net/role/CoverPageCoverPage", "shortName": "Cover Page Cover Page", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "sbgi-20230802.htm", "contextRef": "c-1", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 1, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]", "terseLabel": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2023", "xbrltype": "stringItemType" }, "dei_DocumentInformationLineItems": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Document Information [Line Items]", "terseLabel": "Document Information [Line Items]" } } }, "localname": "DocumentInformationLineItems", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "stringItemType" }, "dei_DocumentInformationTable": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Container to support the formal attachment of each official or unofficial, public or private document as part of a submission package.", "label": "Document Information [Table]", "terseLabel": "Document Information [Table]" } } }, "localname": "DocumentInformationTable", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityDomain": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "All the names of the entities being reported upon in a document. Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts. This item does not include business and geographical segments which are included in the geographical or business segments domains.", "label": "Entity [Domain]", "terseLabel": "Entity [Domain]" } } }, "localname": "EntityDomain", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "domainItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "employerIdItemType" }, "dei_LegalEntityAxis": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The set of legal entities associated with a report.", "label": "Legal Entity [Axis]", "terseLabel": "Legal Entity [Axis]" } } }, "localname": "LegalEntityAxis", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "stringItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security", "terseLabel": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "sbgi_SinclairBroadcastGroupLLCMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Sinclair Broadcast Group, LLC", "label": "Sinclair Broadcast Group, LLC [Member]", "terseLabel": "Sinclair Broadcast Group, LLC" } } }, "localname": "SinclairBroadcastGroupLLCMember", "nsuri": "http://www.sbgi.net/20230802", "presentation": [ "http://www.sbgi.net/role/CoverPageCoverPage" ], "xbrltype": "domainItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r5": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425", "role": "http://www.xbrl.org/2003/role/presentationRef" } }, "version": "2.2" } ZIP 16 0001971213-23-000013-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001971213-23-000013-xbrl.zip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end