Wednesday, February 28, 2018

Sinclair profit rises 266 percent in 4Q to $443.5 million

Sinclair Broadcast Group Inc. saw its profit soar more than 266 percent in the fourth quarter last year and said Wednesday it expects to close the planned acquisition of Tribune Media Co. in the second quarter. Hunt Valley-based Sinclair Broadcast reported earnings of $443.5 million in the fourth quarter, or $4.32 per share, up from $120.9 million, or $1.32 per share, in the prior-year period. Total revenue slipped 8 percent to $734 million, though last year’s results included political advertising…



from https://www.bizjournals.com/baltimore/news/2018/02/28/sinclair-profit-rises-266-percent-in-4q-to-443-5.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/171380688042

No comments:

Post a Comment