Recent Updates — SBGI
Sinclair, Inc. announced that Senior Vice President and Chief Accounting Officer David Bochenek will separate from employment effective November 9, 2026. The separation triggers severance benefits including payment of base salary through November 30, 2026, payout for accrued vacation time, a cash lump sum equal to 24 months of his annual base salary, and an approximate $66,000 bonus contingent on executing a waiver of claims and adhering to restrictive covenants. Additionally, the post-termination exercise period for Bochenek's outstanding stock appreciation rights will be extended to their ten-year expiration date. Narinder Sahai, Executive Vice President and Chief Financial Officer, will assume the role of principal accounting officer effective upon separation without additional compensation. Sinclair, Inc. operates in the broadcasting industry as a television station group.
Sinclair, Inc. reported second quarter 2026 financial results showing total revenue of $840 million, a 7% year-over-year increase, and Adjusted EBITDA of $149 million, up 45%. Political advertising revenue surged to $59 million from $6 million in the prior year period. The company increased its full-year 2026 Adjusted EBITDA guidance range to $730 million–$760 million from $700 million–$740 million and raised political advertising revenue guidance to at least $375 million. Total debt was reduced by approximately $345 million during the quarter, leaving total liquidity of roughly $1.4 billion. Sinclair operates in the broadcasting and media industry, owning and operating television stations and networks.