Sinclair’s profit in the first quarter fell 25 percent despite a revenue increase, mainly because of higher operating expenses. The Hunt Valley broadcaster reported earnings of $43.1 million, or 42 cents per share, compared to $57.2 million, or 61 cents per share, in the first quarter a year ago. The company also projected that it will close the acquisition of Tribune Media Co. in the late second quarter or early third quarter. Total revenue increased 6 percent to $665.4 million, up from $626.9…
from https://www.bizjournals.com/baltimore/news/2018/05/09/sinclair-broadcast-profit-falls-25-percent-in-1q.html?ana=RSS&s=article_search
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