secwatch.observer — SEC 8-K summary
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Issuer:     Sinclair, Inc. (SBGI)
CIK:        0001971213
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001971213-24-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sinclair Q4 net loss $341M on $826M revenue; core ad up 2%; DSG settlement accrual $495M
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- Diluted loss per share $5.35 vs prior year EPS $0.79; total revenue down 14% to $826M.
- Core advertising revenue (ex-political) rose 2% to $339M; political fell to $24M from $172M.
- Adjusted EBITDA $181M, down 41% YoY; operating loss $386M includes $495M DSG litigation accrual.
- Bankruptcy court approved DSG settlement; company repurchased $91M debt in 2023 at avg 19% discount.
- Q1 2024 guidance: revenue $793-806M, Adj. EBITDA $128-139M; NextGen reaches 74% of footprint.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1971213/000197121324000009/0001971213-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912752/000197121324000009/sbgi-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001971213-24-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer