Sinclair Broadcast Group Announces $1,000 Special Bonus As A Result Of Tax Reform
BALTIMORE, Dec. 22, 2017 — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), (the “Company,” “Sinclair”) announced that, as a result of tax reform legislation, it will pay a special $1,000 bonus to almost 9,000 full-time and part-time regular employees at all of its stations and subsidiaries, excluding senior level executives.
“We are grateful to our President and legislature for passing the landmark Tax Cuts and Jobs Act and are excited about the benefits it will provide for our country’s economy, our Company, and our employees,” stated Chris Ripley, Sinclair’s President & CEO. “We recognize that our employees are our most valuable resource, truly appreciate their combined achievements for our Company and look forward to a very bright future.”
Sinclair is one of the largest and most diversified television broadcasting companies in the country. Pro forma for the Tribune acquisition (before any related divestitures), the Company will own, operate and/or provide services to 233 television stations in 108 markets. The Company has multiple emerging networks as well as stations affiliated with all the major networks. Sinclair is a leading local news provider in the country and a producer of live sports content. Sinclair’s content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.
View original content with multimedia:http://www.prnewswire.com/news-releases/sinclair-broadcast-group-announces-1000-special-bonus-as-a-result-of-tax-reform-300574982.html
SOURCE Sinclair Broadcast Group, Inc.