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Fox Corporation

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89-618: Fox Corporation is an American multinational mass media company headquartered at 1211 Avenue of the Americas in Midtown Manhattan . Incorporated in Delaware , it was formed as the portion of 21st Century Fox that was not acquired by The Walt Disney Company in 2019. The company is controlled by the Murdoch family via a family trust with 39.6% ownership share, and by Rupert Murdoch himself to

178-606: A Canadian charity which builds schools in Africa. On October 17, 2021, Sinclair was struck by a ransomware attack affecting the internal servers and workstations of its television stations, after the alleged hackers breached the stations' internal broadcasting systems via an Active Directory domain that interconnected the company's corporate and local IT networks. The incident had disrupted some of its office and operational networks (including internal servers, email servers, corporate phone lines, and workstations and news graphics systems at

267-772: A buyer, Sinclair proposed in May 2014, to return to the FCC the licenses for WCFT-TV in Tuscaloosa, Alabama , WJSU-TV in Anniston, Alabama , and WCIV in Charleston, South Carolina , transferring the intellectual properties of those three stations to existing Sinclair-owned stations. One other Allbritton station, WHTM-TV in Harrisburg, Pennsylvania , was sold to Media General for $ 83.4 million (equivalent to $ 107 million in 2023). After nearly

356-801: A deal with Paramount and its UPN network, bringing five affiliates WPTT-TV in Pittsburgh, WNUV-TV in Baltimore, WCGV-TV in Milwaukee, WSTR-TV in Cincinnati and KSMO-TV in Kansas City to the network. In 1996, Sinclair bought out Superior Communications for $ 63 million. In 1997, Sinclair reached a deal with The WB to convert many of the UPN affiliates to The WB. Following the disputes, in August 1998, Sinclair and UPN signed

445-570: A deal worth about $ 50 million, with TMZ being operated under the Fox Entertainment division. In December 2021, Fox Corporation acquired the film and television production studio MarVista Entertainment . In September 2022, Fox Corporation announced the launch of Fox Entertainment Studios. This is the company's first venture into entirely in-house television production. The studio debuted its first show, Monarch , on September 11, 2022. Fox also announced that Fox Entertainment would re-enter

534-457: A feed of its syndicated newscast The National Desk ). Ransomware experts later indicated that the attack was likely linked to Evil Corp., a Russia-based cybergang that was sanctioned by the U.S. Treasury Department in 2019 and had been accused prior to the attack of attempting to rebrand itself to evade the sanctions; the hackers are believed to have disseminated the Macaw ransomware strain (which

623-510: A few days afterward. Many scheduled NFL game telecasts on the 17th were disrupted on its NBC, CBS and Fox affiliates (replaced by a different game feed or by alternative programming). Sinclair also supplied alternative programming feeds to fill airtime on some of the affected stations due to varying difficulties in transmitting and receiving certain syndicated program feeds or to occupy timeslots normally filled by newscasts (mainly from company-owned multicast networks like Stadium and TBD , or via

712-428: A hearing before an administrative law judge . On August 9, 2018, Tribune Media announced that it had terminated the sale agreement with Sinclair, and that it had filed a $ 1 billion lawsuit against the company for breach of contract. Tribune Media CEO Peter Kern stated that the sale "cannot be completed in an acceptable timeframe, if ever"; the suit cited Sinclair's "belligerent and unnecessarily protracted negations" with

801-454: A high-ranking executive at Sinclair, also created "The Point", a series of conservative editorial segments that were broadcast on stations operated by the group that maintain news departments. In October 2015, Sinclair premiered Full Measure , a syndicated public affairs program hosted by Sharyl Attkisson . On July 1, 2017, Sinclair launched a new daily morning kids' TV block called KidsClick , partnering with This TV . The block

890-704: A larger dispersal of Newport's 22-station portfolio. That same day, Sinclair purchased Tampa station WTTA for $ 40 million, equivalent to $ 53.1 million in 2023. Two of Sinclair's existing stations in markets affected by the Newport deal, WSTR-TV and KMYS , were sold to Deerfield Media. Deerfield also acquired KBTV-TV , Beaumont, Texas 's Fox affiliate, from Nexstar, with Sinclair assuming operations and merging it into CBS affiliate KFDM . The non-license assets of ABC affiliate WHAM-TV in Rochester, New York , were sold by Newport to Sinclair, with Deerfield purchasing

979-451: A major string of acquisitions involving television stations and other properties two years later. The beginning of the 2010s saw Sinclair's acquisition strategy intensify. In May 2011, Ring of Honor (ROH), a professional wrestling promotion , was purchased for an undisclosed amount. ROH's flagship program Ring of Honor Wrestling was added onto the schedules of many Sinclair-operated stations. In September 2011, Four Points Media Group

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1068-593: A minority stake in YES Network . While Sinclair did not bid on the Cox stations, on April 26, 2019, it was reported that Sinclair was the successful bidder for Fox Sports Networks at $ 10 billion. On August 22, 2019, Sinclair completed the acquisition of FSN and thus FSN is now a wholly owned subsidiary and becoming sisters to Marquee. On January 27, 2020, Sinclair announced that it would sell WDKY-TV in Lexington, Kentucky , and

1157-492: A network that will feature reruns of home improvement, true crime, reality and celebrity-driven shows. In May 2024, Sinclair was reportedly considering selling more than 30% of its 185 broadcasting stations. Sinclair had experimented with using a centralized news organization called News Central that provided prepackaged news segments for distribution to several of the group's stations. These segments were integrated into programming during local news broadcasts. Mark Hyman ,

1246-700: A new UHF television station in Baltimore, expected to be operating by September 1968 on channel 45, no call sign yet assigned. Channel 45, with the call sign WBFF , joined on April 11, 1971. By that time, Chesapeake Engineering Placement Service had changed its name to Chesapeake Television Corporation . The Commercial Radio Institute, by then a division of Chesapeake Television Corporation, founded WPTT (now WPNT ) in Pittsburgh , in 1978, and WTTE in Columbus, Ohio , in 1984. All three stations originally were independents . In 1986, WBFF and WTTE became charter affiliates of

1335-455: A new agreement. In February 1998, Sinclair bought out Sullivan Broadcasting for $ 1 billion. In 1998, Sinclair bought out Max Media Properties, for $ 252 million. In November 2004, Sinclair sold off KSMO-TV in Kansas City to Meredith Corporation for $ 26.8 million. In December 2004, Sinclair divested KOVR-TV in Sacramento to Viacom , now Paramount Global , for $ 285 million. In 2004, as

1424-771: A refocus on the Politico website and newspaper, Allbritton Communications sold their seven station portfolio—including Washington, D.C. 's WJLA-TV —to Sinclair, for $ 985 million, equivalent to $ 1.29 billion in 2023. This deal was complicated by multiple regulatory hurdles and a proposed barring of future joint sales agreements (JSA) by the FCC. Originally planning to divest four Sinclair-owned stations in three markets with Allbritton stations to Deerfield and Armstrong Williams -controlled Howard Stirk Holdings, and continuing to operate them under JSAs, In March 2014, Sinclair announced intentions to divest three stations and one existing LMA to independent third parties. Unable to find

1513-611: A response when LIN Media signed ABC affiliates WDTN and WAND to NBC, Sinclair Broadcast Group converted two of its NBC affiliates WICS / WICD and WKEF to ABC . In July 2009, in a filing with the Securities and Exchange Commission , Sinclair stated that if the company could not refinance its $ 1.33 billion debt, or if Cunningham Broadcasting became insolvent due to nonpayment on a loan worth $ 33.5 million, Sinclair may be forced to file for Chapter 11 bankruptcy . The company seemingly recovered its financial fortunes enough, and began

1602-470: A second TV network, Charge! , a new digital subchannel network focusing on action-adventure based programming. It begin broadcasting on February 28, 2017. Sinclair had two rounds of executive promotions announced in November 2016 and effective January 1, 2017, with chair and CEO David D. Smith moving up to executive chairman while CFO Christopher Ripley becoming president and CEO. In the second round, David Amy

1691-523: A securities filing that it had no plans to bid on its former regional sports networks; they would instead go to a consortium led by Sinclair Broadcast Group , with Fox Corporation continuing to license the FSN name to those stations until Sinclair developed a new brand (the networks would eventually become Bally Sports ). On March 12, 2019, Disney announced that the sale would be completed by March 20, 2019. On March 19, 2019, Fox Corporation officially began trading on

1780-657: A seven-day administrative stay to the UHF discount rulemaking, in order to allow review of an emergency stay motion filed by The Institute for Public Representation (a coalition of public interest groups comprising Free Press , the United Church of Christ , Media Mobilizing Project, the Prometheus Radio Project , the National Hispanic Media Coalition and Common Cause ) on May 15. The coalition argued that

1869-419: A silver-level designation by USGBC . The building served as the global headquarters for the original News Corporation , founded by Australian-born businessman Rupert Murdoch in 1980. It continues to serve as the headquarters for subsequent spin-offs Fox Corporation (2019–present) and the present-day News Corp (2013–present), and until 2019, 21st Century Fox (2013–2019). The building

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1958-814: A year of delays, the deal was approved by the FCC in July 2014, and completed on August 1. WCIV, WCFT-TV and WJSU-TV were ultimately sold to Howard Stirk Holdings. In September 2013, Sinclair purchased eight stations owned or operated by New Age Media. As part of the deal, three stations— WSWB in Scranton / Wilkes-Barre, Pennsylvania , WTLH in Tallahassee, Florida , and WNBW-DT in Gainesville, Florida —would be sold by owner MPS Media to Cunningham, with Deerfield purchasing WTLF in Tallahassee. New Age Media and MPS Media terminated

2047-574: Is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith . Headquartered in the Baltimore suburb of Cockeysville, Maryland , the company is the second-largest television station operator in the United States by number of stations, after Nexstar Media Group , owning or operating 193 stations across the country in over 100 markets, covering 40% of American households. It

2136-633: Is also under his control. On September 21, 2023, Rupert Murdoch announced that he was stepping down as the chairman of Fox Corporation, effective November 2023. The company name traces back through a series of mergers and demergers to the Fox Film Corporation founded by William Fox on February 1, 1915. On December 14, 2017 The Walt Disney Company announced its intent to acquire the motion picture, cable entertainment, and direct broadcast satellite divisions of 21st Century Fox , including 20th Century Fox , for $ 52.4 billion. The remainder of

2225-460: Is expected to enter into LMA's to operate WPIX and WGN-TV, while selling off KSWB outright. Overlapping stations in Seattle , St. Louis , Salt Lake City , Oklahoma City , Grand Rapids, Michigan , Norfolk, Virginia , and Des Moines, Iowa will be sold off to unaffiliated third parties. On July 16, 2018, FCC chairman Ajit Pai was reported to have "serious concerns" about the transaction and proposed

2314-479: Is primarily carried on Sinclair stations. ASN was created as part of the company's foray into original, non-news content creation beyond Ring of Honor Wrestling and school sports. Subsequently, on August 21, 2014, the company announced the formation of Sinclair Original Programming, a new division concentrating on entertainment and commercial content. The company also announced plans for a future cable news network. The Original Programming division chief operating officer

2403-412: Is the "X" Building as it is the tallest at 750 ft (229 m) and 54 stories, and was the first completed, in 1971. The "Y" is 1221 Avenue of the Americas , which was the second tower completed (1973) and is the second in height (674 ft and 51 stories). The "Z" Building, the shortest and the youngest, is 1211 Avenue of the Americas with 45 stories (592 ft). The structure is LEED -certified at

2492-486: Is the largest owner of stations affiliated with Fox , NBC , CBS , ABC , MyNetworkTV , and The CW . Sinclair owns four digital multicast networks, Comet , Charge! , The Nest , and TBD , and sports-oriented cable networks, Stadium , Tennis Channel , and Bally Sports Regional Networks . In June 2021, Sinclair became a Fortune 500 company, having reached 2020 annual revenues of US$ 5.9   billion, equivalent to $ 6.8   billion in 2023. A 2019 study in

2581-730: Is well-known for housing the main Fox News studios, part of the Fox News Group which is currently owned by Fox Corp, as well as its streetside plaza , known as Fox Square. News Corp divisions housed located in the building include Dow Jones & Company , The Wall Street Journal , and the New York Post . Other companies unaffiliated with News Corp that lease office space in the building include Annaly Capital Management and Ropes & Gray LLP . Sinclair Broadcast Group Sinclair, Inc. , doing business as Sinclair Broadcast Group ,

2670-753: The American Political Science Review found that "stations bought by Sinclair reduce coverage of local politics, increase national coverage and move the ideological tone of coverage in a conservative direction relative to other stations operating in the same market". The company has been criticized by journalists and media analysts for requiring its stations to broadcast packaged video segments and its news anchors to read prepared scripts that contain pro-Trump editorial content, including warnings about purported " fake news " in mainstream media, while Trump has tweeted support for watching Sinclair over CNN and NBC. The company's roots date back to

2759-688: The Celanese Building , it was completed in 1973 as part of the later Rockefeller Center expansion (1960s–1970s) dubbed the "XYZ Buildings" . Celanese , its primary tenant, later moved to Dallas , Texas. The building is owned by Ivanhoé Cambridge as of 2023 . The structure has a simple slab-like shape devoid of any decoration, its prosaic façade consisting of vertical alternating limestone and glass stripes. The façade stone piers are supernumerary; there are twice as many of them as structurally necessary. The glass bands are contiguous and offer no indication of floor levels. These features ably create

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2848-470: The Fox Broadcasting Company at its launch. The Fox affiliation in Pittsburgh went to higher-rated WPGH-TV , which was purchased by Sinclair in 1990. Chesapeake's first foray into local news came in the early 1980s when it launched a newscast on WPTT, a rarity at this time for stations not affiliated with the then-major networks ( ABC , CBS and NBC ). This newscast was called WPTT News . In

2937-597: The S&;P 500 , replacing 21st Century Fox on the index. Republican politician and former Speaker of the House Paul Ryan also joined Fox Corporation's board at this time. Under the terms of the acquisition, Disney will phase out the Fox brand usage by 2024. Fox Corporation began operating separately on March 19, 2019. Chairman and CEO Lachlan Murdoch led a town hall meeting three days later, indicating that stock would be issued to

3026-465: The construction permit  – for the estimated US$ 25,964 (equivalent to $ 271,400 in 2023) construction project – . Sinclair's first station, WFMM-FM (now WPOC ), signed on the air in February 1960. In 1967, Smith, as Chesapeake Engineering Placement Service, partly owned by the name-shortened Commercial Radio Inc., applied for and was granted, a construction permit for

3115-453: The Department of Justice and FCC over regulatory negotiations in order to maintain control of stations that it was advised to divest, as well as violations of the sale agreement requiring divestitures of stations to not result in any threats of regulatory scrutiny. Following the failed acquisition of Tribune Media, Sinclair has mentioned publicly about buying Fox Sports Networks , as well as

3204-492: The El Paso market while KFOX ranked sixth, making it permissible under FCC duopoly regulations. Dielectric Communications, a key supplier of television broadcasting antennas, was purchased from SPX on June 18, 2013. SPX had intended to close down all of Dielectric's operations by the end of July, in turn threatening a FCC-proposed incentive auction and subsequent repacking of television broadcast spectrum . In July 2013, as part of

3293-416: The FCC for WBMA-LD satellite stations WCFT-TV on September 24 and WJSU-TV on September 28. Sinclair continued its push into original programming. Since May 2015, three deals were made to expand American Sports Network beyond college sports. In June, subsidiary Sinclair TV Group, Inc. formed Tornante-Sinclair LLC, a TV production company, with Michael Eisner's Tornante Co. With MGM on October 31, 2015, Comet

3382-560: The FCC. In August 2020, Sinclair reached a $ 25 million settlement agreement for its shareholders related to three lawsuits. Of the $ 25 million, $ 20.5 million will be paid into a settlement fund. In November 2020, Sinclair announced that they would sell KBSI in Cape Girardeau, Missouri , and WDKA in Paducah, Kentucky , to Standard Media for $ 28 million, in a transaction that closed in 2021. In 2021, Sinclair began moving

3471-468: The Fox assets Disney planned to purchase, and the British broadcaster Sky plc (a company which 21st Century Fox held a stake in, and was planning to acquire the remainder). In July 2018, Fox agreed to an increase of Disney's offer to $ 71.3 billion to fend off Comcast's counter-bid. British regulators ordered that a blind auction be held for Sky's assets, which was won by Comcast. On October 10, 2018, it

3560-459: The UHF discount was no longer logical from a technical standpoint (as stations that transmit on the UHF band have typically maintained better digital signal quality than those transmitting on VHF, a reversal of the technical issues with both bands during the analog era) and would trigger a wave of mergers and acquisitions in the broadcast television industry that would further reduce diversity in station ownership. The D.C. Court of Appeals denied

3649-589: The announcement, a lawsuit was filed by a Fisher shareholder. The suit was settled in July 2013 and the merger approved shortly thereafter. On June 3, 2013, Titan TV Broadcast Group sold four stations, along with operating agreements for two stations, to Sinclair. Prior to the deal, a seventh station, KDBC-TV in El Paso, Texas , to Cunningham, fueling speculation KDBC-TV would be consolidated with Sinclair-owned KFOX-TV . Sinclair exercised its option to purchase KDBC-TV outright citing KDBC-TV's fourth-place ranking in

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3738-816: The broadcasting assets of Schurz Communications (owner of WSBT), was necessary as Gray already owns WNDU-TV in South Bend. The sale was completed on February 16, 2016. On January 27, 2016, Sinclair Broadcast Group announced that it would acquire Tennis Channel for $ 350 million. The channel's corporation comes with $ 200 million in net operating losses that SBGI can use to offset future income thus reducing taxes. Sinclair's news operations had launched six drone teams in September 2016. Initial stations getting drone teams were in Washington, Baltimore, Green Bay, Wisconsin, Columbus, Ohio; Tulsa, Oklahoma and Little Rock, Arkansas. In

3827-477: The closing of its reorganization as a holding company. In May 2023, Sinclair sold its controlling interest in Stadium to Silver Chalice, Sinclair stating that the network did not have enough viewership for Sinclair to continue funding it; Sinclair will continue to supply some programming. On October 10, 2023, Sinclair announced that on October 30, 2023, it will convert Stadium's over-the-air service into The Nest ,

3916-517: The company would form a so-called "New Fox", maintaining control of assets such as Fox's television network and broadcast stations (which Disney, already owning ABC , would be legally unable to own due to an FCC policy known as the "dual network rule", which prohibits mergers between the top broadcast networks), Fox News , the national operations of Fox Sports , and the 20th Century Fox studio lot, which would be leased to Disney for seven years. Fox's regional sports networks were also included in

4005-511: The company's only foray into local news for years, a genre it became much more involved in from the mid-1990s on. Smith's son David D. Smith began taking a more active role in the company in the 1980s. In 1985, the Chesapeake Television Corporation changed its name to Sinclair Broadcast Group . In 1990, David and his three brothers bought their parents' remaining stock and went on a buying spree that eventually made it one of

4094-410: The company's stations), and resulted in data being taken from its server network. Many of Sinclair's stations saw varying disruptions to programming in the days following the attack; many of its stations were able to produce their newscasts using limited internal resources (while generally being unable to display lower-third and/or full-screen graphics), while a few were forced to preempt them outright for

4183-491: The company's stock, was technically a Sinclair arm that planned to use the LMA with KOKH to gain control of the station and create an illegal duopoly with KOCB . In 2001, the FCC levied a $ 40,000 fine against Sinclair for illegally controlling Glencairn. Sinclair became a publicly listed company in 1995, raising $ 105 million in a June sale of 5 million shares. The Smith family retained a controlling interest. In 1994, Sinclair signed

4272-508: The corporation's employees based on longevity. In May 2019 via the Fox Sports division, Fox Corporation acquired a 4.99% stake in Canadian online gambling operator The Stars Group for $ 236 million. As a result, it was also announced that the companies would co-develop sports betting products for the U.S. market under the branding Fox Bet. In early July 2019, Fox Entertainment announced

4361-450: The deal also includes up to $ 6 million in earnout if certain targets are reached. Sinclair intends to integrate the properties with Tennis Channel. On April 21, 2017, following the reinstatement of the "UHF discount" (a policy that counts television stations broadcasting on UHF channels by 50% of their total audience towards the FCC's 39% market cap), Sinclair announced its intent to purchase Bonten Media Group for $ 240 million. The sale

4450-640: The deal on October 31, 2014. Sinclair purchased the non-license assets for all eight stations and began operating them through master service agreements the next day. Sinclair signed an agreement in June 2014 to carry the classic film subchannel network GetTV in 33 markets by the end of September. In July of that year, Sinclair announced the launch of the American Sports Network (ASN) service, operating within its Sinclair Networks company. This service, which produces and distributes college sports broadcasts,

4539-601: The deal) was challenged by the Rainbow/PUSH coalition (headed by Jesse Jackson ) to the Federal Communications Commission (FCC) in 1998, citing concerns over a single company controlling two broadcast licenses in the same market in violation of FCC rules. The coalition argued that Glencairn passed itself off as a minority-owned company (Edwards is African American ) which, since the Smith family controlled most of

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4628-470: The divestment of their radio portfolio between 1999 and 2000. The deal was initially met with financial scrutiny. The law firm Levi & Korsinsky notified Fisher shareholders with accusations that Fisher's board of directors were breaching fiduciary duties by "failing to adequately shop the Company before agreeing to enter into the transaction", and Sinclair was underpaying for Fisher's stock. Shortly after

4717-444: The effect of almost 40%. Rupert Murdoch is chair emeritus, while his son Lachlan Murdoch is executive chair and CEO. Fox Corp. deals primarily in the television broadcast, news, and sports broadcasting industries. Its assets include the Fox Broadcasting Company , Fox Television Stations , Fox News , Fox Business , Fox Sports , Tubi , and others. Murdoch's newspaper interests and other media assets are held by News Corp , which

4806-641: The emergency stay motion on June 15, 2017, though it is still subject to a pending court proceeding to appeal the UHF discount implementation. On February 21, 2018, Sinclair informed the FCC that it planned to sell off Tribune stations in New York City , Chicago , and San Diego , while seeking waivers to purchase the Tribune stations in Indianapolis , South Central Pennsylvania , and the Piedmont Triad . Sinclair

4895-491: The formation of SideCar, with executives led by Gail Berman . SideCar was a content development unit for Fox and other outlets. In June 2020, SideCar was shut down by Fox. In August 2019, Fox Corporation acquired Credible Labs for $ 397 million and animation studio Bento Box Entertainment for $ 50 million. On April 20, 2020, Fox Corporation acquired streaming service Tubi for $ 440 million. In September 2021, Fox Corporation acquired TMZ from WarnerMedia in

4984-444: The international distribution business by launching a sales unit called Fox Entertainment Global. On October 14, 2022, it was announced that, under the instruction of Rupert Murdoch, a special committee had been established to explore a potential merger of Fox and News Corp , bringing the two companies back together since the former 21st Century Fox was spun-off from News Corp in 2013. Although Lachlan Murdoch supported his father in

5073-613: The largest station owners in the country, through the purchases of stations and of companies that owned groups of stations. Sinclair pioneered the concept of the local marketing agreement (LMA) in American television in 1991, when it sold WPTT to its general manager Eddie Edwards (founder of Glencairn, Ltd., the Sinclair-affiliated licensee that would eventually become Cunningham Broadcasting ) in order to purchase fellow Pittsburgh station WPGH-TV to comply with FCC ownership rules of

5162-489: The late 1950s, when electrical engineer Julian Sinclair Smith and his wife Carolyn B. Smith, owning 34.5% of the shares, along with a group of shareholders, formed the Commercial Radio Institute , a broadcasting trade school in Baltimore , Maryland. In March 1958, Commercial Radio Institute applied to build an FM radio station in Baltimore. In April 1959, the Federal Communications Commission (FCC) granted

5251-589: The lease for a third, were initially set to be transferred to Cunningham Broadcasting, but were ultimately sold to an affiliate of Northwest Broadcasting owner Brian Brady. Prevailing in a bidding war with LIN Media, Sinclair purchased Fisher Communications in April 2013, for $ 373.3 million, equivalent to $ 488 million in 2023, including 20 television stations in the western United States, operational control of one station, and three radio stations in Seattle . This deal returned Sinclair to radio ownership, since

5340-475: The mid-2010s, Sinclair launched Refined , an online local lifestyle web magazine run in conjunction with local Sinclair stations. The third was announced for DC under WJLA-TV . In December 2016, SBG announced TBD , a new digital subchannel network aimed towards millennials , with a focus on digital content. It began broadcasting on February 13, 2017. At the NATPE conference on January 17, 2017, SBG and MGM announced

5429-1145: The ninth-largest broadcast group in the United States. At the same time, Sinclair purchased WWHO , a CW affiliate in the Columbus, Ohio , market, from LIN TV . Owing to Sinclair's existing Columbus duopoly of WSYX and WTTE , WWHO was resold to Manhan Media, who entered into a shared services agreement with Sinclair. In May 2012, a groupwide affiliation renewal with Fox reached, included an option for Sinclair to purchase WUTB , Baltimore's MyNetworkTV station, from Fox Television Stations before March 31, 2013. Sinclair purchased WUTB and resold it to Deerfield Media —controlled by Manhan Media owner Stephen P. Mumblow—on November 26, 2012, pairing with WBFF and WNUV. Concurrently, Fox had an option to purchase up to any combination of six different MyNetworkTV and CW stations in four different markets from Sinclair, which it declined. On July 19, 2012, Sinclair acquired six stations from Newport Television , along with existing operational agreements for two other stations, for $ 412.5 million, equivalent to $ 547 million in 2023, as part of

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5518-759: The non-broadcast operations would be placed under Sinclair Ventures. Then, the two companies would be placed under a new holding company, "Sinclair, Inc.". In late April 2023, Sinclair announced that starting May 15, it would end all local news broadcasts on stations in five markets: WGFL in Gainesville, Florida ; KPTH in Sioux City, Iowa ; KPTM in Omaha, Nebraska ; WNWO-TV in Toledo, Ohio ; and KTVL in Medford, Oregon . These low-rated newscasts were to be replaced by airings of The National Desk . On June 1, 2023, Sinclair announced

5607-479: The non-license assets of KGBT-TV in Harlingen, Texas , to Nexstar Media Group for $ 60 million, as part of a settlement between the two companies over Sinclair's failed acquisition of Tribune Media , which was ultimately acquired by Nexstar. The transaction was completed on September 17, 2020. On May 7, 2020, the company was fined $ 48 million to settle investigations related to reports and statements made to

5696-681: The number of newscasts in four markets: KAEF-TV in Eureka, California ; WGXA in Macon, Georgia ; WEYI-TV / WSMH in Saginaw / Flint, Michigan ; and WACH in Columbia, South Carolina . The discontinued newscasts were replaced by airings of The National Desk . On April 3, 2023, Sinclair announced that it would be re-organizing its operations, with the TV broadcasting properties remaining under Sinclair Broadcast Group, while

5785-494: The opening segment, the letters "news" were formed from a compass indicating the four cardinal directions . This opening segment, featuring then-anchorman Kevin Evans, appeared briefly, and was audible, in the movie Flashdance during a scene where Jennifer Beals ' character returns home and turns on the television. The presentation was relatively low-budget, with the anchor simply reading copy, with no field video shots other than

5874-510: The owner of WLUK and WCWF and operator of WTGS at that time, as both Media General and LIN owned stations in the three markets, requiring both companies to sell off stations in conflicting markets due to the FCC's recent decision to scrutinize sharing agreements between stations owned by different licensees. The swap was approved by the FCC alongside the Media General-LIN merger on December 12, 2014. On September 3, 2014, Sinclair announced

5963-637: The primary programming from so-called "sidecar" stations with which Sinclair has an LMA, to subchannels of stations Sinclair owns outright, replacing the sidecar stations' programming with subchannel network (also known as diginet ) affiliations on their main signals. On January 1, Fox moved from KFXA in Cedar Rapids, Iowa to KGAN , where its "Fox 28" branding was retained. With a transitional simulcast period from January 1 to February 4, Fox moved from WRGT-TV in Dayton, Ohio to WKEF , where its "Fox 45" branding

6052-485: The proposal, James Murdoch opposed it, as did many shareholders. On January 24, 2023, the proposed merger was abandoned by Murdoch. In April 2023, Fox announced it would be forming Tubi Media Group. This would be a standalone digital business unit, encompassing Tubi, Credible Labs, Blockchain Creative Labs, along with several other Fox digital sports, news and entertainment platforms and teams, in which Paul Cheesbrough

6141-449: The purchase of Las Vegas NBC affiliate KSNV-DT from Intermountain West Communications Company for $ 120 million. As Sinclair already owns a duopoly in Las Vegas ( KVMY and KVCW ), the company will sell the license assets (though not the programming) of one of the three stations to comply with FCC ownership restrictions, with the divested station's programming being relocated to the other stations. The purchase of KSNV's non-license assets

6230-446: The sale, but were later divested by order of the Department of Justice , on the grounds that the Fox regional networks' combination with Disney's 80% ownership of ESPN would make Disney too dominant in the cable sports market. In May 2018 it was confirmed that Lachlan Murdoch , rather than James Murdoch , would take charge of the New Fox company. In mid-2018 NBCUniversal 's parent company Comcast instigated bidding wars over both

6319-586: The station's license. In February 2013, Cox Media Group sold five television stations, their smallest by media market rankings, to Sinclair, with Deerfield Media assuming ownership of Cox-operated KAME-TV in Reno. Sinclair purchased Schaumburg, Illinois –based Barrington Broadcasting on February 28, 2013, including six other stations operated by Barrington. The former Cox and Barrington stations are operated through subsidiary Chesapeake Television, focusing on smaller markets and with management separate from Sinclair proper. Two Barrington stations, along with

6408-498: The stations owned by Cox Media Group . In January 2019, Sinclair launched an OTT multi-channel streaming service Stirr providing free streaming access to local Sinclair station content as well as on-demand shows and films. On February 13, 2019, Sinclair and the Chicago Cubs announced a new regional sports network, Marquee Sports Network , to start in 2020 with exclusive rights to Cubs' games. On March 9, 2019, Sinclair purchased

6497-509: The time that prohibited duopolies , while agreeing to allow Sinclair to retain operational responsibilities for the station. However, while LMAs would become an integral part of the company's business model in subsequent years, Sinclair's plans to acquire KOKH-TV in Oklahoma City through Glencairn, which would subsequently attempt to sell five of its 11 existing LMA-operated stations to Sinclair outright in turn (with Sinclair stock included in

6586-517: The visual lack of scale, so the tower does not look overly bulky. The building was part of the later Rockefeller Center expansion (1960s–1970s) dubbed the XYZ Buildings . Their plans were first drawn in 1963 by the Rockefeller family 's architect, Wallace Harrison , of the architectural firm Harrison & Abramovitz . Their letters correspond to their height. 1251 Avenue of the Americas

6675-420: The weather read over a stock video shot denoting the conditions outside. It was not a factor in taking ratings away from then-market laggard WIIC-TV, now WPXI , much less solid runner-up WTAE-TV and then-locally owned Group W powerhouse KDKA-TV . As WBFF did not air newscasts until 1991 and WTTE would not air any newscasts from its 1984 sign-on until Sinclair purchased ABC affiliate WSYX in 1996, this marked

6764-501: Was also linked to a similar cyberattack that hit Olympus Corporation 's corporate server network on October 10) within Sinclair's servers. On March 3, 2022, Sinclair announced that they would sell the Ring of Honor wrestling promotion to Tony Khan , who is the principal owner of rival All Elite Wrestling . In March 2023, it was reported that Sinclair had laid off news employees and reduced

6853-683: Was announced as Arthur Hasson, general manager of Sinclair stations in Harrisburg, Pennsylvania . On August 20, 2014, Sinclair announced that it would swap WTTA in Tampa and KXRM-TV and KXTU-LD in Colorado Springs to Media General in exchange for WJAR in Providence, Rhode Island , WLUK-TV and WCWF in Green Bay and WTGS in Savannah, Georgia . The deal was part of Media General's merger with LIN Media,

6942-514: Was announced as CEO. The company consists of the former 21st Century Fox 's media and broadcasting properties that were owned by its predecessor, such as the Fox Broadcasting Company and Fox Sports Media Group . 1211 Avenue of the Americas 1211 Avenue of the Americas , also known as the News Corp. Building , is an International Style skyscraper on Sixth Avenue in the Midtown Manhattan neighborhood of New York City . Formerly called

7031-628: Was announced that Sinclair is a Fortune 500 company, with annual revenues of $ 5.9 billion in 2020, placing it at 465 on the annual listing of the largest U.S. companies. The company has 10,000 employees as of 2021, and acquired an additional 46,000-square-foot (4,300 m ) office building near its main Hunt Valley headquarters to accommodate an additional 260 employees. On April 1, 2021, Sinclair anchorman Reed Cowan said that if WE Charity did not pay him $ 20 million, he would use Sinclair Broadcast Group's television platforms to disparage

7120-578: Was approved on June 30, and the sale was completed September 1. On May 8, 2017, Sinclair announced its intent to acquire the Chicago-based Tribune Media for $ 3.9 billion. The sale would have given Sinclair ownership of additional stations within the top-10 markets, along with ownership of a stake in Food Network , WGN America , and other additional assets, To comply with Department of Justice antitrust and FCC ownership regulations, it

7209-446: Was completed on November 1, 2014. On September 11, 2014, the license assets of WCIV were sold to Howard Stirk Holdings (pending FCC approval) and aside from sharing studio space with WMMP (which will retain the ABC affiliation and current programming of WCIV), will have no operational control from Sinclair, saving the station from being forfeited back to the FCC. Similar sales were filed with

7298-482: Was launched as a sci-fi broadcast subchannel network. On October 12, Sinclair Original Programming and the programming department was merged into Sinclair Programming and moved into Sinclair Television Group. On October 1, 2015, Gray Television announced that it would acquire WLUC-TV from Sinclair; in return, Sinclair would receive WSBT-TV in South Bend, Indiana , from Gray. The swap, part of Gray's acquisition of

7387-680: Was moved to TBD in 2018, and was eventually discontinued 8 months later. In June 2020, Sinclair announced it would launch "a headline news service" that would air weekday mornings (6:00 AM – 9:00 AM local time) and rely on news-gathering services of Sinclair's stations as well as original content, similar in format to NewsNation produced by Nexstar Media Group for WGN America . The show, titled The National Desk , launched on January 18, 2021, and airs on Sinclair's CW and MyNetworkTV -affiliated stations along with its Fox -affiliated stations that do not have their own local morning news shows. On September 27, 2021, The National Desk expanded to

7476-457: Was promoted from chief operating officer to vice chairman with responsibility for corporate marketing, human resources and the networks group, while Steven Pruett move from co-COO of Sinclair Television Group to executive vice president and chief TV development officer. On March 1, 2017, Sinclair bought Tennis Media Company for $ 8 million, which includes the Tennis.com website and Tennis magazine;

7565-466: Was purchased for $ 200 million, equivalent to $ 271 million in 2023. Sinclair assumed managerial control of the stations from Nexstar Broadcasting Group . Four Points owner Cerberus Capital Management paid Nexstar cash compensation for the prematurely terminated time brokerage agreements. In November 2011, Sinclair purchased Freedom Communications ' television stations for $ 385 million, equivalent to $ 521 million in 2023, making Sinclair

7654-442: Was reported that in preparation for the impending completion of the sale, the new, post-merger organizational structure of "New Fox" would be implemented by January 1, 2019. On November 14, 2018, it was revealed that the new independent company will maintain the original Fox name. On January 7, 2019, Fox Corporation's registration statement was filed by the U.S. Securities and Exchange Commission . On January 11, 2019, Fox stated in

7743-487: Was retained. On February 1, Fox moved from WVAH-TV in Charleston, West Virginia to WCHS-TV , where its "Fox 11" branding was retained. While in at least one case (Columbus) the move was done due to the transition to ATSC 3.0 , there are no explanations for the other stations. In March 2021 Sinclair laid off 550 employees, which represented about 5% of its workforce, citing the COVID-19 pandemic . On June 2, 2021, it

7832-590: Was retained; although beginning on February 4, WRGT-TV maintained a primary affiliation with non-diginet MyNetworkTV, on April 19, that affiliation also moved to WKEF. With a transitional simulcast period from January 1 to February 1, Fox moved from KBTV-TV in Port Arthur, Texas to KFDM in nearby Beaumont, Texas , where its "Fox 4" branding was retained. With a transitional simulcast period from January 7 to February 3, Fox moved from original Sinclair signee WTTE in Columbus, Ohio to WSYX , where its "Fox 28" branding

7921-493: Was suggested that Sinclair would have to divest stations in multiple markets. The concerns about Sinclair potentially creating an oligarchy in the broadcast television industry – alongside Nexstar Media Group, which has a station portfolio of similar size – led public interest groups to attempt to block the purchase by preventing the UHF discount from being reinstated. On June 1, 2017, the District of Columbia Court of Appeals issued

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