News Release
SINCLAIR ANNOUNCES $1 BILLION SHARE AUTHORIZATION
BALTIMORE (August 9, 2018) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the “Company”) announced today that its Board of Directors have authorized the Company to repurchase up to $1 billion of its Class A common shares.
Commenting on the share repurchase, Chris Ripley, President and Chief Executive Officer, stated, “It is unfortunate that Tribune Media Company terminated our Merger Agreement. Nonetheless, we strongly believe in the long term outlook of our Company and disagree with the market’s current discounted view on our share price. The $1 billion authorization does not use our future free cash flow generation, but simply the excess cash currently on our balance sheet.”
Read more…Share Authorization 2018 2
Sinclair Announces $1 Billion Share Authorization
RECENT NEWS RELEASES
- April 15, 2021
- Sinclair to Report First Quarter 2021 Results on May 5, 2021 at 7:30 a.m. (Eastern Time)
- April 14, 2021
- Sinclair Names Laurie R. Beyer to the Board of Directors
- April 13, 2021
- Sinclair Broadcast Group Flagship Station WBFF-TV Celebrates 50th Anniversary
- April 12, 2021
- Sinclair Broadcast Group’s Ring of Honor Reaches 500th Episode with Special Fan-Picked Programming
- Sinclair Affiliate WGME Announces Investigative Reporter Jon Chrisos and the I-Team Win Prestigious IRE Award
- April 1, 2021
- Sinclair Closes Partial Refinancing and Extension of STG Credit Facilities
- March 31, 2021
- Sinclair Broadcast Group and Bally’s Corporation Formally Rebrand Regional Sports Networks as Bally Sports, Ushering in New Era for Live Sports
- March 29, 2021
- Sinclair Broadcast Group Congratulates TSDSI and ATSC for Signing Standards Adoption Agreement
- March 23, 2021
- Major Broadcasters Launch NEXTGEN TV on Three Local Television Stations in Syracuse, NY
- March 18, 2021
- Major Broadcasters Launch NEXTGEN TV on Five Local Television Stations in Buffalo, NY