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BUSINESS
By Lorraine Mirabella, The Baltimore Sun | August 1, 2012
Sinclair Broadcast Group Inc. saw its second-quarter income jump 61 percent and raised its quarterly dividend as political advertising far exceeded company expectations, the Hunt Valley broadcaster said Wednesday. The company earned $30.1 million, or 37 cents per share, in the three months that ended June 30, up from $18.6 million, or 23 cents per share, in the same period the year before. The company's stock jumped 13 percent Wednesday, rising $1.31 a share to $11.51 each in Nasdaq trading.
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NEWS
Robert L. Ehrlich Jr | October 5, 2014
Thousands of miles on the road this summer and fall have afforded me the opportunity to observe a variety of political ads from across the spectrum. Herewith, observations from the heartland: I assume the relentless Democratic campaign to demonize the conservative Koch Brothers and their "Americans for Prosperity" organization has been poll tested, but I still don't get it. Driving negatives against someone (or something) that few people recognize violates a core tenet of political advertising.
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BUSINESS
By Lorraine Mirabella, The Baltimore Sun | February 9, 2011
Hunt Valley-based Sinclair Broadcast Group Inc. reported Wednesday a fourth-quarter profit of $33.1 million, or 40 cents per share, reversing a fourth-quarter loss in 2009 as strong political advertising boosted the company's year-end performance. The television station owner said it was reinstating its dividend and declared a 12-cent quarterly dividend per share beginning March 15. In the fourth quarter of 2009, the company reported a net loss in its broadcast group of $67.8 million, or 85 cents per common share.
NEWS
By John Fritze, The Baltimore Sun | January 31, 2014
Amid growing speculation about Hillary Clinton's presidential ambitions, Gov. Martin O'Malley managed to ramp up his national political fundraising last year as he weighed whether to seek the Democratic Party nomination, according to a pair of campaign finance reports made public Friday. O'Malley, whose second term will end next January, raised $1.7 million through two political action committees in 2013 and had more than $740,000 in the bank. More than 70 percent of that money came in the second half of the year.
NEWS
By Lorraine Mirabella, The Baltimore Sun | February 8, 2012
Baltimore-based Sinclair Broadcast Group said net income fell 31 percent in the fourth quarter, with earnings missing analysts' estimates by 4 cents per share. The broadcasting company on Wednesday reported net income of $22.7 million, or 28 cents per share, for the quarter that ended Dec. 31, compared to net income of $33.1 million, or 41 cents per share, in the last three months of 2010. The company declared a quarterly dividend of 12 cents per share. Analysts had expected earnings of 32 cents per share on revenue of $211.34 million.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,Sun reporter | February 7, 2008
Political advertising that could reach record levels is expected to boost revenue this year for Baltimore-based Sinclair Broadcast Group Inc., the company said yesterday. Sinclair, which owns and operates television stations in 35 markets, said net broadcast revenue from continuing operations will likely grow to between $160.2 million and $162.5 million in the first three months of 2008, compared with net revenue of $148.3 million in the first quarter of 2007. The projected increase for the broadcaster, which owns affiliates of FOX, MyTV, ABC, CW, CBS and NBC, assumes a jump in political advertising as well as an estimated $5 million in revenue from advertising during the Super Bowl.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | August 4, 2010
Hunt Valley-based Sinclair Broadcast Group Inc. said Wednesday second quarter profit rose to $17.3 million, or 21 cents per share, up from $2.8 million, or 4 cents per share, for the same period a year earlier, as sales of television advertising continued to improve. Net broadcast revenues from continuing operations jumped more than 19 percent in the three months ended June 30, rising to $158.7 million from $133 million, the company reported. "Broadcast television advertising continues to grow, an indicator that the economy is showing signs of recovery," David Smith, president and chief executive officer, said in a statement.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | March 5, 1997
Baltimore-based W. B. Doner & Co. is stepping into the political advertising arena with a new division and a big-name client -- Mayor Rudolph W. Giuliani of New York.Giuliani has signed on as the first client of the newly formed Doner Public Affairs, which will produce broadcast and newspaper ads and plan media strategy for the mayor's re-election campaign, the agency said yesterday.Doner, also headquartered in Detroit, formed the division by merging with the Goodman Group Inc., a 38-year-old political media consulting firm with Baltimore roots.
BUSINESS
By From Sun staff and news services | November 6, 2008
Sinclair Broadcast Group Inc., the Hunt Valley-based operator of 58 U.S. television stations, reported yesterday an unexpected increase in third-quarter profit on higher revenue from political advertising and lower amortization costs. Net income rose to $11.7 million, or 14 cents a share, from $9.9 million, or 11 cents, a year earlier, the company said. Per-share profit beat the 9-cent average estimate of four analysts surveyed by Bloomberg. With a sinking economy expected to further hurt advertising, Sinclair said it is cutting costs in areas such as salaries, travel and entertainment as well as promotion expenses and capital spending.
BUSINESS
By Stacey Hirsh and Stacey Hirsh,SUN STAFF | February 2, 2001
Sinclair Broadcast Group Inc. said yesterday that its broadcast cash flow, an important industry yardstick, went up 8 percent to $101.2 million and that net broadcast revenue rose 7.2 percent to $199.5 for the fourth quarter. For the quarter that ended Dec. 31, the Cockeysville-based company said its net income available to holders of common shares dropped 68 percent to $56.5 million, or 65 cents per diluted share, from $176.8 million, or $1.82 per diluted share, in the corresponding quarter of 1999.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | February 6, 2013
Sinclair Broadcast Group Inc. said profits soared in the fourth quarter, capping a presidential election year in which the Hunt Valley TV station owner saw record levels of political advertising, a rebound in auto advertising sales and rapid growth through acquisitions. Net income rose to $59 million, or 73 cents per share, from $22.7 million, or 28 cents per share, in the fourth quarter that ended Dec. 31, the company reported Wednesday. Earnings beat analysts' expectations of 59 cents per share.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | November 1, 2012
Sinclair Broadcast Group Inc. saw its profit grow 33 percent in the third quarter as political campaigns and automakers ramped up spending on advertising, the Hunt Valley-based company said Thursday. The broadcaster earned $26.2 million in the three months that ended Sept. 30, or 32 cents per share, compared with $19.2 million during the same months last year, or 24 cents per share. Boosted by political and automotive advertising, sales from continuing operations jumped 49 percent to $226.4 million, from $151.9 million in the third quarter of 2011.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | October 15, 2012
Baltimore television stations expected little in the way of political advertising this election year. Then the fight over expanded gambling in Maryland erupted, pitting deep-pocketed casino companies against each other. The barrage of ads urging viewers to vote for or against the gambling referendum could drive political ad spending at local television stations to well over $10 million this year, according to some estimates. Still, the Baltimore TV market's share of the political spending will fall short of 2010, a year that featured a governor's race as well as heavy casino-related issue advertising.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | August 1, 2012
Sinclair Broadcast Group Inc. saw its second-quarter income jump 61 percent and raised its quarterly dividend as political advertising far exceeded company expectations, the Hunt Valley broadcaster said Wednesday. The company earned $30.1 million, or 37 cents per share, in the three months that ended June 30, up from $18.6 million, or 23 cents per share, in the same period the year before. The company's stock jumped 13 percent Wednesday, rising $1.31 a share to $11.51 each in Nasdaq trading.
NEWS
By Doyle McManus | July 12, 2012
Today's topic: the billions (yes, with a "b") that will be spent on advertising in this year's presidential and congressional campaigns, and what kind of messages that money is sending. Like jazz, blues and musical comedy, the political ad is a uniquely American contribution to the arts, only less uplifting. Some turn into classics, like Ronald Reagan's 1984 "Morning in America" ad or the 2008 will.i.am music video based on Barack Obama's "Yes, we can" speech. Whatever your politics, you had to admire their artistry.
NEWS
By Lorraine Mirabella, The Baltimore Sun | February 8, 2012
Baltimore-based Sinclair Broadcast Group said net income fell 31 percent in the fourth quarter, with earnings missing analysts' estimates by 4 cents per share. The broadcasting company on Wednesday reported net income of $22.7 million, or 28 cents per share, for the quarter that ended Dec. 31, compared to net income of $33.1 million, or 41 cents per share, in the last three months of 2010. The company declared a quarterly dividend of 12 cents per share. Analysts had expected earnings of 32 cents per share on revenue of $211.34 million.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | February 9, 2011
Hunt Valley-based Sinclair Broadcast Group Inc. reported Wednesday a fourth-quarter profit of $33.1 million, or 40 cents per share, reversing a fourth-quarter loss in 2009 as strong political advertising boosted the company's year-end performance. The television station owner said it was reinstating its dividend and declared a 12-cent quarterly dividend per share beginning March 15. In the fourth quarter of 2009, the company reported a net loss in its broadcast group of $67.8 million, or 85 cents per common share.
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