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
- January 15, 2021
- Sinclair Broadcast Group’s “THE NATIONAL DESK” to Premier Monday, January 18
- January 14, 2021
- ABC 45-TV Announces Premiere of Local News in the Triad Market
- January 13, 2021
- Sinclair Names Billy Robbins Vice President and General Manager of WBFF in Baltimore Maryland
- ViacomCBS and Sinclair Broadcast Group, Inc. Announce Affiliation Agreements
- January 7, 2021
- Major Broadcasters Launch NEXTGEN TV On Four Local Television Stations In Columbus, Ohio
- December 29, 2020
- Sinclair Announces Promotions
- December 22, 2020
- ONE Media 3.0 Launches its STIRR Radio App in Seattle
- December 16, 2020
- Seattle Becomes Latest Large Market To Launch NEXTGEN TV With All Major Broadcasters
- December 4, 2020
- Sinclair Closes Private Offering of Senior Secured Notes
- November 30, 2020
- So Vang Joins ONE Media 3.0