SBG Reports Second Quarter 2014 Financial Results And Increases Quarterly Cash Dividend Per Share
08.06.2014
News Release
Contact: Chris Ripley, Chief Financial Officer Lucy Rutishauser, SVP-Corporate Finance & Treasurer
(410) 568-1500
SINCLAIR REPORTS SECOND QUARTER 2014 FINANCIAL RESULTS AND INCREASES QUARTERLY CASH DIVIDEND PER SHARE
• REPORTS $0.42 DILUTED EARNINGS PER SHARE
• INCREASES CASH DIVIDEND PER SHARE 10% TO $0.165 PER QUARTER
BALTIMORE (August 6, 2014) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three and six months ended June 30, 2014. “We are excited to report better than expected second quarter results on stronger core advertising and digital interactive revenues, as well as lower television operating expenses,” commented David Smith, President and CEO of Sinclair. “With the acquisition of Allbritton now complete, our focus will be on rationalizing and strengthening the portfolio, building upon our existing television station platform as it relates to investments in digital interactive and news content, and expanding our recently launched collegiate sports initiative. At the same time, we will continue to push for regulatory reform and building the next generation broadcast platform, both of which will allow us to more effectively compete with other forms of media.”
Read more… Q2 14 FINAL