Sinclair Reports Second Quarter 2019 Financial Results

News Release


SINCLAIR REPORTS SECOND QUARTER 2019 FINANCIAL RESULTS

• INCREASES TOTAL REVENUE BY 6% COMPARED TO PRIOR YEAR
• ANNOUNCES QUARTERLY DIVIDEND PER SHARE OF $0.20

BALTIMORE (August 7, 2019) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three and six months ended June 30, 2019.

CEO Comment:

“We continue to make great strides in the transformation of Sinclair to a diversified media company,” commented Chris Ripley, President and Chief Executive Officer. “We have closed on the bond financing and successfully syndicated the bank financing to fund the acquisition of the FOX RSNs, which we anticipate, subject to regulatory approval, will close during the third quarter of 2019. On the broadcast side, we achieved, and in some cases exceeded, our second quarter guidance in all key financial metrics, and we renewed a multi-year carriage agreement with one of the country’s largest multi-video program distributors. As a leading news organization, our stations have won 328 news awards so far this year.”

Read more…Q2 19 FINAL

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