Contact: David Amy, EVP & Chief Financial Officer
Lucy Rutishauser, VP-Corporate Finance & Treasurer
SINCLAIR REPORTS $0.73 DILUTED EARNINGS PER SHARE IN FOURTH QUARTER 2012; DECLARES $0.15 QUARTERLY DIVIDEND PER SHARE
BALTIMORE (February 6, 2013) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three months and twelve months ended December 31, 2012.
“2012 was a remarkable year for our Company,” commented David Smith, President and CEO of Sinclair. “We successfully closed on 30 TV stations, recorded record levels of political advertising, benefited from a rebound in the automotive advertising category, and achieved historic levels in key financial metrics. As we look forward to 2013, we are very excited about our prospects, including starting the year with the Super Bowl on our 11 CBS stations. While we have led the current consolidation trend in the broadcast industry, we believe there are still many opportunities for us to continue to acquire quality television assets, unlock hidden value, and strengthen our competitive position.”
Read more.. FINAL Q4 12 Press Release