Wednesday, August 3, 2016

Sinclair earnings meet expectations as political advertising increases

Sinclair Broadcast Group Inc.’s second-quarter earnings met Wall Street estimates and increased year-over-year due to an increase in revenue from political advertising and digital offerings. The Hunt Valley-based television broadcaster reported net income of $50.6 million, or 52 cents per share, in its second quarter ending June 30. Analysts polled by Thomson Financial Network also expected earnings of 52 cents. Sinclair’s (NASDAQ: SBGI) earnings represent an increase from the second quarter last…



from http://www.bizjournals.com/baltimore/news/2016/08/03/sinclair-earnings-meet-expectations-as-political.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/148403921697

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