Sinclair Broadcast : Reports Second Quarter 2017 Financial Results
August 02, 2017 at 10:52 am EDT
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August 2, 2017
News Release
Contact: Chris Ripley, President & Chief Executive Officer
Lucy Rutishauser, SVP Chief Financial Officer
(410) 568-1500
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
SBG - Sinclair Broadcast Group Inc. published this content on 02 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 August 2017 14:51:10 UTC.
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Sinclair, Inc. is a diversified media company and a provider of local news and sports. The Company operates through two segments: Local Media, and Tennis. Its Local Media segment is comprised of its television stations. It produces more than 2,400 hours of news per week at 115 stations in 73 markets. Its Tennis segment primarily consists of Tennis Channel, a cable network which includes coverage of many of tennis' top tournaments and original professional sports and tennis lifestyle shows. Its content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and the streaming aggregator of local news content, NewsON. The Company owns, operates and provides services to 185 television stations in 86 markets affiliated with all the various broadcast networks, and owns Tennis Channel and multicast networks Comet, CHARGE!, TBD., and The Nest. The Company also owns and provides services to 21 regional sports network brands.
SINCLAIR, INC. 
