3mo ago

Sinclair Will Preempt Jimmy Kimmel’s Show When It Returns To ABC But Says Discussions Are Ongoing With Network

deadline.com Sinclair Will Preempt Jimmy Kimmel’s Show When It Returns To ABC But Says Discussions Are Ongoing With Network

The station group says that it will run local news programming

Earlier on Monday, ABC announced Kimmel’s return, after a backlash in the creative community and among others who said that The Walt Disney Co. was capitulating to the Trump administration

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23 comments

Bold move Sinclair. Oh well, you’ll just continue to lose. Local stations about to get cheap to buy.
- I don't think they're selling, is the problem. Sinclair can absorb loses out of spite for a very long time
  
  It will end up like the radio. All the stations that broadcast will just play stuff about Jesus. Some cities are worse than others for this. Jacksonville is the worst. All Jesus all the time
  
  This Deadline article says Sinclair has too much debt to close a merger.
  Nexstar’s overture followed closely on the heels of a proposal by Sinclair to buy Tegna. Sinclair, the No. 2 station owner, had previously taken steps to separate its station business from the rest of its portfolio, which includes cable’s Tennis Channel. Immediate reaction from Wall Street noted that Sinclair and Tegna collectively may have too much debt for a combination to close. Nexstar, by contrast, has a strikingly tidy balance sheet.
  Their 2nd quarter financial report confirms
  Total Company debt as of June 30, 2025 was $4,106 million.
  
  On a market cap of less than $1B, that's crazy. I didn't realize the company was comparatively so small.

23 comments