SBG Reports Fourth Quarter 2013 Financial Results
02.12.2014
News Release
Contact: David Amy, EVP & Chief Financial Officer
Lucy Rutishauser, SVP-Corporate Finance & Treasurer
(410) 568-1500
SINCLAIR REPORTS FOURTH QUARTER 2013 FINANCIAL RESULTS
• REPORTS $0.29 ADJUSTED DILUTED EARNINGS PER SHARE
• DECLARES $0.15 QUARTERLY DIVIDEND PER SHARE
BALTIMORE (February 12, 2014) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three months and twelve months ended December 31, 2013.
“2013 was a historic year for us, including growing broadcast revenues 32.3% to a record-breaking $1.2 billion, and once again leading the industry on station acquisitions,” commented David Smith, President and CEO of Sinclair. “During the year we closed on the purchase of 63 television stations and added over $1.0 billion in assets, which contributed $148.4 million in revenues in 2013. We benefited from 6.9% same station growth in our largest advertising category, automotive, 143% as reported growth in digital interactive, and continued growth in net retransmission revenues and core time sales.”
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