Contact: Chris Ripley, President & Chief Executive Officer
Lucy Rutishauser, SVP Chief Financial Officer
SINCLAIR REPORTS SECOND QUARTER 2017 FINANCIAL RESULTS
• REPORTS $0.43 DILUTED EARNINGS PER SHARE
• DECLARES $0.18 QUARTERLY DIVIDEND PER SHARE
BALTIMORE (August 2, 2017) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three and six months ended June 30, 2017.
“2017 continues to be a defining year for Sinclair as our strategic acquisitions, partnerships and technological leadership drive the growth of the company. The pending addition of the Tribune Media Company to the Sinclair family would create a leading media platform that ensures a free and local television model can thrive,” said David Smith, Executive Chairman. “The broadcast industry is primed to be reimagined with the approval of ATSC 3.0 (Next Gen TV) expected later this year and the modernization of broadcast regulation, allowing for our industry to compete in the new media ecosystem. Our Spectrum Consortium with Nextstar, Univision and Northwest positions us to reach more communities across the United States, as well as better serve our consumers and advertisers with new technologies that will super charge our capabilities and consumer offerings.”
Read more…Q2 17 FINAL