Sinclair’s Board Approves Additional $150.0 Million Share Repurchase Authorization

News Release

Contact: Chris Ripley, CFO
                Lucy Rutishauser, SVP Corporate Finance & Treasurer
                (410) 568-1592

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

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