Contact: Chris Ripley, CFO
Lucy Rutishauser, SVP Corporate Finance & Treasurer
SINCLAIR’S BOARD APPROVES ADDITIONAL $150.0 MILLION SHARE REPURCHASE AUTHORIZATION
BALTIMORE (September 6, 2016) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that its Board of Directors has approved an additional $150.0 million share repurchase authorization to be accessed once its existing authorization is exhausted. Pursuant to the authorization, the Company may repurchase Class A common shares, from time to time, in the open market or through private transactions. The Company currently has approximately $58 million of remaining capacity under its existing authorization.
Read more…Share Authorization 2016