Contact: Chris Ripley, Chief Financial Officer
Lucy Rutishauser, SVP-Corporate Finance & Treasurer
SINCLAIR REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS
• REPORTS $0.27 DILUTED EARNINGS PER SHARE
• DECLARES $0.15 QUARTERLY DIVIDEND PER SHARE
BALTIMORE (May 7, 2014) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three months ended March 31, 2014.
“There were many positives in the first quarter that reflect our solid underlying fundamentals, despite the slower than usual start to the year due to the impact of the severe and frigid weather in many of our markets,” commented David Smith, President and CEO of Sinclair. “The first quarter benefited from incremental Super Bowl, Olympic and retransmission consent fee revenues, while political revenues exceeded expectations. We also benefited from lower television operating expenses across many of our stations. Our main focus now is on closing the Allbritton station acquisition and lobbying to reform broadcast ownership regulatory inequality.”
Read more.. FINAL Q1 14