Sinclair Broadcast Group Reports Lower Earnings In 4th Quarter

Credit: Wochit Business
Published on February 27, 2019 - Duration: 00:40s

Sinclair Broadcast Group Reports Lower Earnings In 4th Quarter

BroadcastingCable.com reports that the Sinclair Broadcast Group has seen lower fourth-quarter profits despite seeing an increase in revenue.

Net income for the group fell to $2.10 a share, from $4.32 a share.

The year-ago quarter numbers included a $272 million benefit from federal tax law changes and a $225 million gain from the sale of spectrum.

The company said media revenues have climbed 22.5% to $848.9 million.

Advertisement

Sinclair Broadcast Group Reports Lower Earnings In 4th Quarter

A FEB.

8, 2019, FILE PHOTO Available for |Editorial uses|.

|Learn more| , Not released Contact your |local office| for all commercial or promotional uses.

Full editorial rights UK, US, Ireland, Canada (not Quebec).

Restricted editorial rights for daily newspapers elsewhere, please call.

You are here

Recent related videos from verified sources

Jim Cramer: When Netflix Can Be Friends With Investors Again 00:54
Credit: The Street - Published 1 day ago 

How Stranger Things Could Have Helped Netflix's Quarter 01:33
Credit: The Street - Published 1 day ago 

Why Hong Kong turmoil is bad news for watchmakers 01:15
Credit: Reuters Studio - Published 2 days ago 

Greenwood Project: Tomorrow's Portfolio Managers 17:38
Credit: The Street - Published 6 days ago 

You might like