Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Q2 2023 Earnings Call Transcript - Page 5 of 5 - InvestingChannel

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Q2 2023 Earnings Call Transcript

Chris Ripley: Sure. So I expect some of the first non or sort of nonbroadcast services to start rolling out in 2024. — things related to like enhanced GPS, I think are some of the first things that will start to roll out next year, and that should start to create a revenue stream for us and other broadcasters. It’s too early for me to guess how quickly it ramps up. I think the directional the midpoint forecast for BIA of $10 billion of revenues for the industry, I think, is directionally correct. And depending on a bunch of different factors, like receiver receiver penetration when the deployment is finished when not gets sunsetted. Those are all things that I don’t have answers on yet to really give you a more predictable ramp to that higher revenue, but things are going to start moving next year in terms of monetization opportunities beyond broadcast.

Courtney Bahlman: No. That’s helpful. I appreciate the color. Just one more. In terms of debt repurchases moving forward, how should we think about your preference towards tranche in buying back debt? Is it going to be shifted towards the 27%? Or how are you guys thinking about that?

Chris Ripley: Yes. We don’t want to tip our cards too much in terms of where we might buy. I mean the reality is we have many opportunities in front of us, including debt, equity and investments that we may make — and we’ll continue to be opportunistic as we have in the past, but we can’t comment on specific tranches that we made by.

Courtney Bahlman: That’s understood, Thanks for the time.

Operator: There are no other questions at this time. I would now like to hand the call to Chris Ripley, President and Chief Executive Officer, for closing remarks.

Chris Ripley: Great. Thank you, and thank you all for joining our call today. If you have any questions or comments, please call our IR team. Speaker 0

Operator: Thank you. This does conclude today’s conference. You may disconnect your lines at this time. Thank you for your participation.+

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire