Contact: Chris Ripley, Chief Financial Officer
Lucy Rutishauser, SVP-Corporate Finance & Treasurer
SINCLAIR REPORTS SECOND QUARTER 2016 FINANCIAL RESULTS
• REPORTS $0.52 DILUTED EARNINGS PER SHARE
• DECLARES $0.18 QUARTERLY DIVIDEND PER SHARE
BALTIMORE (August 3, 2016) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three and six months ended June 30, 2016.
“As the leading television broadcaster, we continue to deliver financially and operationally,” commented David Smith, President and CEO of Sinclair. “Not only did we exceed our expectations for our key financial metrics during the second quarter, but we also have made significant progress in expanding distribution and content. Specifically, we launched Circa, the innovative news and entertainment website aimed at the new generation of news consumers. In just its first week of launch, Circa had over 7 million video views. As the largest local news producer in the country, we are particularly proud of the 163 news awards won by our stations so far this season, and especially the prestigious Edward R. Murrow award earned by WJLA (ABC7 in Washington D.C.) for excellence in electronic journalism. This is a testament to our commitment to produce quality news coverage for our viewers. We also entered into agreements to renew our FOX affiliation agreements.”
Read more…Q2 16 _FINAL