Sinclair Broadcast Group

Amazon, Diamond Sports, and SINCLAIR: Shedding Light on the Investment Reorganization and Settlement In an era of flourishing digital technology, leading global enterprises Amazon and Sinclair Broadcast Group are paving the way for substantial change in the broadcasting domain. A recent development in the business world shows these two players inching towards a corporate deal involving Diamond Sports Networks and Amazon. This investment reorganization can reshape the streaming industry's landscape, providing fresh perspectives and redefining the consumer experience. Last week, Sinclair Broadcast Group, a renowned American telecommunications conglomerate, announced a reorganization plan including a potential investment by Amazon in its regional sports network subsidiary - Diamond Sports Group. There is a rising storm in the sports broadcasting world as Amazon, an e-commerce titan, shows signs of penetrating this sphere. As Amazon contemplates investing in the Diamond Sports Group, the business dynamics in the sphere have begun to shift. Amazon's impetus behind this speculated investment lies in its endeavor to augment its sports content for its burgeoning subscription-based video streaming service, Amazon Prime. Given that Sinclair's Diamond Sports Network is a recipient of broadcasting rights for 42 major league sports teams across America, an alliance between the two could signal a game changer in digital broadcasting.The potential synergy between Amazon and Sinclair generates colossal possibilities in the world of digital broadcasting. The investment could potentially revolutionize the viewer experience by offering a plethora of choices at their fingertips. This move could ultimately catapult Amazon Prime towards becoming a premier sports content provider in the digital space, competing with giants like ESPN and Fox Sports. However, the path to this colossal accord is far from simple. Sinclair had acquired the regional sports networks from Disney in 2019 for $10.6 billion, which led to an overwhelming debt burden of $8.2 billion. As a means to counter this crisis, the company sought to buckle down on its balance sheets via a recapitalization of the Diamond Sports Group. This is where the proposed Sinclair-Amazon partnership comes in. If Amazon decides to inject funds into Sinclair, the latter could obtain much-needed capital to alleviate its financial burden. Alongside, such a move would also increase Amazon's stake in the sports content sphere, reinforcing its footprint in the sports broadcasting industry. But what does this new investment plan mean for Sinclair's prevalent stakeholders? The Diamond Sports Group’s recapitalization process is not just about Amazon's entry. It has huge implications for the current equity holders of the Diamond Sports Group. The reorganization plan seeks to convert substantial portions of the Sinclair-owned company's debt into equity, thereby diluting the existing status of ownership.The repercussions of this accord extend beyond the corporate world, reaching the doorsteps of consumers. The increased accessibility and diversity of content offered by Amazon through the Diamond Sports Group would redefine the viewer experience. With a robust portfolio of sports content, this collaboration could transform the way sports enthusiasts consume content, catapulting digital broadcasting to uncharted territories. Amazon's interest has made headlines, but it is crucial to note that Amazon and Sinclair have a shared history. Amazon had previously entered into agreements with YES Network, a regional sports network part-owned by Sinclair. Further, Amazon Web Services is Sinclair's preferred cloud provider. Thus, the partnership seems to be the logical next step in an already established relationship. One stipulation, however, is that the agreement between Sinclair, Amazon, and Diamond Sports depends on the settlement with Sinclair’s bondholders and lenders. Once the lenders and bondholders come on board, the deal with Amazon can proceed to completion.There's no denying that the Amazon-Sinclair partnership is a potentially significant development in the media business landscape. It marks a noticeable shift in attitudes towards traditional and digital media, a move that may chart the course of a new era where digital streaming holds the reins.The collaborative venture between Sinclair and Amazon, if it materializes, will undeniably have profound implications on the sports broadcasting industry. It may not only transform Sinclair’s financial predicament but will also advance Amazon’s strategic long-term plan in the digital broadcasting sphere. The eyes of the media world are indeed on this prospective partnership, waiting to see the transformative changes it may bring to the digital broadcasting realm.

After only two seasons, WGN America has officially canceled the critically acclaimed drama Underground. After filming it’s second season in Savannah, Georgia, TV executives have decided to pull the plug on the slavery TV series. “As WGN America evolves and broadens the scope and scale of its portfolio of series, we recently announced that resources would be reallocated to a new strategy to increase our relevance within the rapidly changing television landscape. This move is designed to deliver additional value for our advertising and distribution partners and offer viewers more original content across our air,” said Tribune Media President and CEO Peter Kern on the removal of Underground from future plans. “Despite Underground being a terrific and important series, it no longer fits with our new direction and we have reached the difficult decision not to renew it for a third season. We are tremendously proud of this landmark series that captured the zeitgeist and made an impact on television in a way never before seen on the medium.” WGN America, who was recently purchased by Sinclair Broadcast Group, tried to get into the scripted TV business. Salem, Outsiders, and Manhattan were all attempts at original programming on WGN. Underground is the final TV series of the initial programming era of WGN. That said, executive John Legend has not given hope and also had a warning for TV viewers about the network's new owner. On Twitter legend shared his thoughts on the fate of the network’s new owner. “WGN America has been bought and is going a different direction strategically. We will find a new home for #Underground!” John Legend explained on Twitter. “Content wins. We're not reliant on a particular network to make great content. We're so proud of our show and the audience that supported! Be wary of Sinclair though. They're trying to make local stations Mini Fox Newses, but more to the right.”

WJLA-TV news channel 8 is now hiring production assistants in Arlington, Virginia. Are you looking for a job in the film industry? Well WJLA-TV news Channel 8 in Arlington, Virginia is now hiring production assistants. Here's your chance to join a news channel powerhouse company. Producers are looking for people who can maintain the studio, prepare the studio, prepare for newscasts, and other major roles. To apply for a job with WJLA-TV/News Channel 8, check out the job posting below: WJLA-TV/News Channel 8 Full-time Production Assistant position available WJLA-TV/News Channel 8 - Arlington, VA Job Description Make your mark in Broadcasting and Digital Media. Sinclair Broadcast Group and Sinclair Digital Solutions are dedicated to making Sinclair a communications powerhouse! We are the largest and most diversified television broadcasting company in the country today. Sinclair owns and operates, programs or provides services to 162 stations located in 79 geographically diverse markets and our Digital group is focused on bringing the most engaging content to web, mobile and over-the-top broadcasting to audiences all over the country! Our success is the result of extraordinary employees and an exemplary management team who believe in a vision and are dedicated ensuring a great future for our employees. Whether you are an industry veteran or a just starting out, you can find it at Sinclair! We are advancing the world of Broadcasting and we want YOU to join our winning team! WJLA-TV/News Channel 8 is seeking a full-time Production Assistant. Responsibilities include: • Operate Deko, Audio or Camera for our Newscasts • Prep for newscasts including but not limited to: o Prepare all fonts to air during newscast o Studio and set preparation o Maintaining studio o Lighting o Tape Editing for newscasts o Other duties as assigned Responsibilities include: • Operate Deko, Audio or Camera for our (Morning, Evening, Weekend) Newscast • Prep for newscasts including but not limited to: o Prepare all fonts to air during newscast o Studio and set preparation o Maintaining studio o Lighting o Tape Editing for newscasts o Other duties as assigned Education/Experience Level: • Experience is not necessary, but education and/or internship in television or related field preferred • Training will be provided General Hours: • Must be able to work on weekends • Other hours as needed, on occasion. Sinclair Broadcast Group, Inc. is proud to be an Equal Opportunity Employer and Drug Free Workplace! Required Skills Job Location Arlington, Virginia, United States Application deadline: June 27, 2016 CLICK HERE TO APPLY! (https://sbgtv-openhire.silkroad.com/epostings/index.cfm…)

NBC's Voyage to Enthrall Viewers with Grosse Pointe Garden Society People worldwide, hold your breath and brace yourselves for an exceptional thrill as NBC takes a stimulating step closer to the much-awaited primetime season. Embracing innovation and creativity, the network plans to introduce a groundbreaking series called "The Grosse Pointe Garden Society." Straight out of the bustling production kitchens of Warner Bros. Television and Universal Television, viewers brace themselves for another binge-worthy narrative. Helming this series is an icon of creative writing – Davita Scarlett; synonymous with creativity and ingenuity. She has joined hands with Erin Cardillo and Richard Keith crowned for their work on "In the Dark" and "Life Sentence," bringing an enchanted touch of their storytelling magic. At the epicenter of this new offering from NBC, is a captivating story that resonates through the downtrodden journey of a young woman from the edges of society to its core. Defined by her predicaments and desires, she redefines herself in the world of unquestioned privilege and intricate social networks in Grosse Pointe, Michigan. The drama merges divergent worlds in a striking narrative that will have viewers on the edge of their seats. With the writers' successful track record and NBC's unwavering commitment to producing high-quality content, the "Grosse Pointe Garden Society" promises to add a fresh perspective to ongoing primetime programming. It's no surprise that a great expectation has riled up ever since its announcement. The brains behind the concept, Davita Scarlett received her first break as a production assistant on the Wife Swap show and continued her journey through series like Queen Sugar and Council of Dads, showcasing her diversified talent. Partnering with the dynamic duo of Erin Cardillo and Richard Keith, who have earned stripes with their skills on shows like Significant Mother and Fuller House, we can expect nothing less than a masterpiece. The series is served on a silver platter by reputed production giants – Warner Bros. Television and Universal Television, leaving no stone unturned in effort and creativity. Both production houses are well-acclaimed for their notable contributions to the television industry and their relentless pursuit to deliver compelling and intriguing stories. With the production expertise of Joanna Klein's The Bridge and the writing prowess of Scarlett, Cardillo, and Keith, the Grosse Pointe Garden Society is poised to be a significant addition to NBC's ensemble. The show promises not just to be another series on the block but a spotlight of empowerment, highlighting the journey of a woman determined to define her destiny. The Grosse Pointe Garden Society is much more than a typical primetime series, focusing on real-life issues to make the audience reflect upon their societal values and privileges. The drama presents an intriguing narrative, involving a stark contrast of societal disparity and portrays Grosse Pointe's intricate society network. In the vast sea of entertainment, the series plans to maintain NBC's unwavering commitment to produce high-quality content. The storyline's unique representation emphasizes diversity, making the audience appreciate the different perspectives it offers. There's already a buzz around town about this forthcoming show, and rightly so. It's not every day that a grand collaboration like this infrastructure on the television platform. NBC's decision to launch this fresh narrative reflects the network's dedication to introducing highly engaging, sophisticated, and pulsating storyline that keeps viewers glued to their seats. The announcement of the Grosse Pointe Garden Society has undoubtedly carved a mark for itself. Yet, the true anticipation lies in the experience that the series unveils. As we step into a new era of television, where narratives are becoming more profound, and production is increasingly innovative, this forthcoming series is sure to leave an indelible impression on every viewer. Buckle up for a delightful ride as this series prepares to release a stellar performance soon. With compelling characters, a gripping storyline, and a unique insight into a diverse world, the Grosse Pointe Garden Society is all set to redefine primetime television's landscape. We wait with bated breaths to see what's in store for us from the pens of Scarlett, Cardillo, Keith, and the entire team behind this intriguing television project, under NBC's commendable aegis.