{"schema_version":"secwatch.filing_event.v1","accession":"0001971213-25-000070","form_type":"8-K","ticker":"SBGI","cik":"0001971213","company_name":"Sinclair, Inc.","filed_at":"2025-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.180047+00:00","generated_at":"2026-05-17T00:25:42.489563+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Sinclair Q3 2025 revenue $773M (-16% YoY), net loss $1M vs net income $94M; core ad revenue up $20M","bullets":["Net loss of $1M vs net income of $94M in Q3 2024; Adjusted EBITDA $100M vs $249M YoY (-60%).","Total revenue $773M (-16% YoY); media revenue $765M; advertising revenue $321M (down 26% on political comparison).","Core advertising revenue grew $20M YoY to $315M; political revenue fell to $6M from $138M in 2024.","Redeemed $89M of STG 5.125% Senior Unsecured Notes due 2027 on Oct 6; total debt $4.1B, liquidity $1.2B.","Q4 2025 guidance: revenue $815-851M, Adjusted EBITDA $132-154M; prelim 2026 sees record mid-term political."],"urls":{"canonical":"https://secwatch.observer/filing/0001971213-25-000070","json":"https://secwatch.observer/filing/0001971213-25-000070.json","markdown":"https://secwatch.observer/filing/0001971213-25-000070.md","text":"https://secwatch.observer/filing/0001971213-25-000070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1971213/000197121325000070/0001971213-25-000070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912752/000197121325000070/sbgi-20251105.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:25:42.489563+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}