Sinclair Broadcast Group Inc. shares plummeted more than 5 percent in midday trading Wednesday after the broadcaster reported its core advertising revenue remained flat in the first quarter. Chief Operating Officer Steven M. Marks told analysts Sinclair’s core advertising revenue actually decreased less than 1 percent compared with the first quarter of 2016, but was flat when excluding advertising by for-profit technical schools that went out of business. Shares of Sinclair fell to $36.40 in afternoon…
from http://www.bizjournals.com/baltimore/news/2017/05/03/as-sinclairs-stock-falls-executives-discuss.html?ana=RSS%26s=article_search
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