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 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.
TOPIC
By Michael Hill and Michael Hill,SUN STAFF | November 3, 2002
If you watch television these days, you would think everyone running for office is trying to take medicine from your elderly parents, candy from your baby and money from your pocketbook, denying education to your children and generally subverting the American dream and ruining all that is good about this country. Such are the people who want to be our government's leaders. It's negative political advertising. "Hey, you might not like me, but my opponent is worse!" If pride in your candidate will not get you to the polls, then fear of the other guy - or gal - might.
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 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.