SINCLAIR REPORTS THIRD QUARTER 2019 FINANCIAL RESULTS
- INCREASES TOTAL REVENUE BY 47% COMPARED TO PRIOR YEAR
- ANNOUNCES QUARTERLY DIVIDEND PER SHARE OF $0.20
- CLOSES ACQUISITION OF REGIONAL SPORTS NETWORKS BUSINESS
BALTIMORE (November 6, 2019) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three and nine months ended September 30, 2019.
“This past quarter marks a defining moment for Sinclair with the acquisition of 21 Regional Sports Network brands, the largest transaction in our Company’s history and establishing us as a leader in local sports and news, two of the most watched live content genres,” commented Chris Ripley, President and Chief Executive Officer. “Our legacy broadcast business, meanwhile, outperformed on all key financial targets in the third quarter. Looking ahead to 2020, we expect to benefit from our biggest political ad revenue year on our record, the successful launch of Marquee with the Chicago Cubs, and a seamless integration of our newly acquired RSNs.”
Read more…3Q19 Press Release_FINAL