Contact: Lucy Rutishauser, EVP Chief Financial Officer
SINCLAIR REPORTS FOURTH QUARTER 2019 FINANCIAL RESULTS
- INCREASES TOTAL REVENUE BY 82% COMPARED TO PRIOR YEAR
- ANNOUNCES $0.20 QUARTERLY DIVIDEND PER SHARE
BALTIMORE (February 26, 2020) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three and twelve months ended December 31, 2019.
“2019 was a transformational year for our Company, as we almost tripled our enterprise value and transitioned into a more diversified media company,” commented Chris Ripley, President and Chief Executive Officer of Sinclair. “As the owner of the largest group of regional sports networks (RSNs) and a leading provider of local news, Sinclair is well-positioned to capitalize on the most desirable segments of the broadcast and media industry – live local content that resonates with viewers. In 2020, our focus will be on growing our share of what is believed to be unprecedented political advertising spending, seeking new organic opportunities, adding more relevant content, and deploying new technologies that solidify Sinclair as a leader in the industry.”
Read more…4Q19 Earnings PR_FINAL