White Sox owner acquires majority stake in Sinclair’s Stadium
Jerry Reinsdorf’s Silver Chalice has acquired a controlling stake in Sinclair Broadcast Group’s Stadium television channel.
Sinclair Broadcast Group is a local broadcast and pay TV network company based in Baltimore, Maryland. The company owns or operates more than 190 television stations in 90 metropolitan areas; 23 regional sports networks; the Tennis Channel and Stadium.
Jerry Reinsdorf’s Silver Chalice has acquired a controlling stake in Sinclair Broadcast Group’s Stadium television channel.
Cox Media, Paramount Global and Fox Corporation have agreed to pay $48 million and cooperate in litigation against other media companies.
The regional sports operator missed a key payment to continue producing and distributing the baseball games this season.
A federal judge has voided a deal between the Phoenix Suns and Gray Television to bring basketball games to free broadcast TV.
Diamond Sports has filed a federal lawsuit seeking to block a deal between the Phoenix Suns basketball team and Gray Television.
A newly-formed FCC task force focused on NextGen TV will also set a goal of shutting down ATSC 1.0 signals, executives at Sinclair confirmed on Wednesday.
Total revenue at Sinclair was down 40 percent compared to last year, largely attributed to woes at Diamond Sports. [Fierce Video]
A digital journalist who suffered from a medical emergency last week was found dead in the parking lot of the TV station where he worked.
Nearly a half-dozen broadcast stations owned by Sinclair Broadcast Group will lose their local news programming in the coming weeks.
Gary Detman, the digital news manager at South Florida CBS affiliate WPEC, died this week following a medical emergency.