$SBGI

The FCC removed a 22-year TV broadcast ownership cap, ending limits on station reach above 39% of the U.S., which analysts say could enable more M&A once legal challenges end. Media deal focus includes Nexstar and Tegna, Sinclair and Scripps, and potential market-by-market acquisitions. The article also lists other deals and earnings figures.

The FCC repealed a 22-year-old cap limiting ownership of local broadcast TV stations to those reaching over 39% of U.S. TV households, replacing it with case-by-case public interest review for future deals. The change could affect consolidation, including the $6.2 billion Nexstar-Tegna merger, which remains on hold amid state antitrust action. Nexstar and Sinclair support; critics cite antitrust and localism concerns.

The podcast BradCast says the U.S. FCC, led by Chair Brendan Carr, voted 2-1 to override a statutory cap limiting TV station ownership to 39% of national viewers, allowing corporate chains to buy more stations case by case. It cites Public Knowledge’s John Bergmayer and mentions Sinclair and Nexstar, including a proposed $6.2 billion Nexstar-Tegna deal.

Sinclair (SBGI) shares rose about 7.9% after the company reported Q2 results. According to Sinclair, revenue increased 7.1% to $840 million, while GAAP EPS loss was $1.06, wider than consensus. Adjusted EBITDA was $149 million, above expectations, and full-year adjusted EBITDA guidance was $745 million at the midpoint, ahead of estimates.

The FCC voted 2-1 to repeal the 39% national broadcast ownership cap and replace it with case-by-case review, according to the FCC. The change follows a waiver allowing Nexstar’s $6.2 billion merger with Tegna, later halted by a preliminary injunction from state AGs and DirecTV. Nexstar and Sinclair support; critics including FCC Commissioner Anna Gomez and the American Television Alliance oppose, citing legal and localism concerns.

Sinclair (SBGI) reported Q2 adjusted operating margin of 8.2%, up 5.5 points year over year. The article says full-year EPS is expected to fall 62.4% from $0.76 to $0.29, and that Q2 EPS was -$1.06, below estimates. Shares rose 3.1% to $14.27 after the release, according to the report.

Sinclair, Inc. (SBGI) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99 2 exhibit991-2q26pressreleas.htm EX-99 Document Press Release SINCLAIR REPORTS SECOND QUARTER 2026 FINANCIAL RESULTS BALTIMORE (August 5, 2026) - Sinclair, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and six months ended

St. Louis media faces consolidation from three deals. David Hoffmann plans to buy Audacy’s St. Louis radio stations, including KMOX. Nexstar’s acquisition of Tegna would combine KTVI and KPLR with KSDK, pending court approval. ABC will shift its St. Louis affiliation from Sinclair’s KDNL to Gray’s KMOV/K32. Effects on local news staffing vary by deal.

Gray Media is expected to take over the ABC affiliation in St. Louis, with KMOV (Channel 4) set to carry CBS on its main feed and ABC content on a digital sub-channel starting in August, according to sources. The change follows a pending station swap involving Gray and Sinclair. Sinclair has not commented; Gray says it has not notified pay-TV operators, citing a distribution executive.

Semafor reports that David Smith, pro-MAGA chairman of Sinclair, threatened to sue Maryland Gov. Wes Moore after Moore linked Smith to Jeffrey Epstein, citing Smith’s investment and Sinclair stock held via Epstein funds. Smith’s attorney demanded a retraction and document preservation, while Moore’s attorney said the claim is true.