Contact: Chris Ripley, Chief Financial Officer
Lucy Rutishauser, SVP-Corporate Finance & Treasurer
SINCLAIR REPORTS THIRD QUARTER 2014 FINANCIAL RESULTS
• REPORTS $0.49 DILUTED EARNINGS PER SHARE
• DECLARES $0.165 QUARTERLY DIVIDEND PER SHARE
BALTIMORE (November 5, 2014) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three and nine months ended September 30, 2014.
“This has been an active quarter with the expansion of our sports content offerings, strengthening our station portfolio, and solidifying our network relationships,” commented David Smith, President and CEO of Sinclair. “We were also successful in opportunistically repurchasing 1.9 million shares of our common stock since our August earnings report, representing an approximate 9% return to our current share price. For 2014, we are on track to distribute to our shareholders, in the form of dividends paid and shares repurchased, approximately 50% of our 2014 as reported free cash flow.”
Read more…Q3 14