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Sinclair Broadcast Group shuffles leadership roles; COO to vice chairmanship

Published 11/11/2016, 01:31 PM
Sinclair Broadcast Group shuffles leadership roles; COO to vice chairmanship
SBGI
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  • Sinclair Broadcast Group (SBGI +5.5%) has set a half-dozen executive changes in motion to greet the new year.
  • The shifts to leadership will be effective Jan. 1.
  • David Amy, currently executive VP and chief operating officer, will become vice chairman. He'll be tasked with oversight of human resources, corporate marketing and the company's Networks Group.
  • Meanwhile, the co-chief operating officers of its Television Group will shift roles. Television Co-COO Steven Marks will become executive VP and sole COO of the group, while Co-COO Steven Pruett becomes executive VP and chief TV development officer.
  • General Counsel Barry Faber will add responsibilities, becoming executive VP, General Counsel, Distribution and Network Relations. Robert Malandra will shift from senior VP of Television Finance to senior VP of Advanced Revenue Development and Analytics. And William Butler (senior VP of Promotions and Corporate Marketing) will retire March 2, with responsibilities taken by current VP of Promotions Dana Feldman.
  • The company's shares have been on the rise since it beat expectations on revenues for the quarter; SBGI up 11.1% over the past three days.

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