Sinclair Updates Third Quarter Guidance

News Release

Contact: Chris Ripley, Chief Financial Officer
               Lucy Rutishauser, SVP-Corporate Finance & Treasurer
               (410) 568-1500

SINCLAIR UPDATES THIRD QUARTER GUIDANCE

    BALTIMORE (September 20, 2016) — Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI), today updated its expectations for third quarter media revenues.  Based on current and anticipated pacings of political advertising spending, the Company is revising its third quarter 2016 media revenues to be approximately $637 million to $638 million, up 28% as compared to third quarter 2015, including approximately $46 million of political spending in the quarter.  On August 3, 2016, the Company provided guidance for third quarter 2016 media revenues of approximately $649.2 million to $663.2 million, up 30.3% to 33.1% as compared to third quarter 2015, and including $58 million to $68 million of political spending.  

Read more…q3-16-update

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