Mar. 13 at 11:45 AM
David D. Smith, Executive Chairman and 10% Owner of
$SBGI, has acquired 250,611 shares worth approximately
$3.51M in March 2025.
The purchases coincide with Sinclair's business transformation initiatives. In January, the company launched AMP Sales & Marketing Solutions and AMP Media to expand offerings. Sinclair also reported Q4 2024 earnings exceeding EBITDA guidance despite a 9% decline in core advertising revenue.
Sinclair will participate in the ATSC Booth at CES (April 7-10) while projecting Q1 2025 revenues between
$765M-
$779M with EBITDA estimates of
$90M-
$102M.
Smith's consistent buying suggests internal confidence in Sinclair's valuation and strategy amid industry challenges. Investors might view this as management conviction in the company's underlying value.
Worth watching for insider activity:
$NXST,
$GTN,
$TGNA
Insider details at https://prismo.pro/stock/sbgi?utm_source=stockwits&utm_medium=social&utm_campaign=insider-news&utm_content=SBGI_2025-03-13
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