Contact: Lucy Rutishauser, SVP Chief Financial Officer
SINCLAIR REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS
- INCREASES REVENUE AND OPERATING INCOME COMPARED TO PRIOR YEAR
- REPORTS $0.27 DILUTED EARNINGS PER SHARE
- DECLARES $0.18 QUARTERLY DIVIDEND PER SHARE
BALTIMORE (August 8, 2018) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three and six months ended June 30, 2018.
“Second quarter results came in well ahead of guidance in all key financial metrics, and we expect the second half of the year to continue to be robust, underlined by increasing distribution revenues and strong political advertising spend,” commented Chris Ripley, President and Chief Executive Officer. “This year’s mid-term elections are expected by many to have the most spending in U.S. history with broadcast television a primary beneficiary. In regards to the acquisition of Tribune Media Company, we are working with them to analyze approaches to the regulatory process that are in the best interest of our companies, employees and shareholders.”
Read more…Q2 18 FINAL