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Sinclair Broadcast Group

BUSINESS
By Shanon D. Murray and Shanon D. Murray,SUN STAFF | August 22, 1998
Sinclair Broadcast Group Inc. said yesterday that it has agreed to acquire a Buffalo, N.Y., television station for $33 million, with the intention of selling it to a third party.The Baltimore-based broadcasting company will purchase WNEQ-TV Channel 23 from Western New York Public Broadcasting Association and intends to program the station under a local marketing agreement (LMA).The transaction is expected to be financed with bank borrowings, Sinclair said.The Western New York Public Broadcasting Association must obtain Federal Communications Commission approval to switch Channel 23 from a public station to a commercial one, said David B. Amy, Sinclair's chief financial officer.
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BUSINESS
May 20, 1998
Sinclair Broadcast Group Inc., one of the nation's biggest owners of radio and television stations, will move its corporate headquarters next year from Baltimore to Hunt Valley.The company's television production facilities, which handle operations for WBFF-TV and WNUV-TV, will remain on TV Hill."We've grown so much, we're running out of space in our current offices. We needed to find another location," said David Amy, Sinclair's chief financial officer.Amy said that within about two years, "we could double in size in terms of the number of positions we have."
NEWS
May 4, 2004
Censorship of `Nightline' dishonors dead Do we have a free press in this country or not? Sinclair Broadcast Group's censorship of Friday's Nightline broadcast certainly makes one wonder ("Sinclair stations won't air `Nightline,'" April 30). In a news environment often focused on celebrity and pop culture, Nightline's willingness to take time out to pay tribute to the dead was a great service. Civic-minded journalism like this should be encouraged, not censored. Sinclair was essentially saying that any public recognition of the fallen soldiers is a political act against the war in Iraq.
NEWS
By David Folkenflik and David Folkenflik,SUN STAFF | October 12, 2004
The Democratic Party took aim at Sinclair Broadcast Group yesterday, saying a program the Maryland-based corporation plans to air criticizing John Kerry's anti-war activism amounts to an illegal corporate campaign contribution to President Bush. The show is to focus on Kerry's denunciation of the Vietnam War three decades ago. Although not yet complete, it is based on a documentary called Stolen Honor: Wounds That Never Heal. It alleges that North Vietnamese captors used Kerry's statements about atrocities committed by American troops during the conflict as an excuse to torture U.S. prisoners of war. Party officials said they would file a formal complaint today with the Federal Election Commission over the plan to broadcast the program.
BUSINESS
October 30, 2009
Sinclair Broadcast Group refinances some debt Sinclair Broadcast Group Inc., which had said it might be forced to file for bankruptcy protection because of substantial debt coming due, announced Thursday that its wholly owned subsidiary, Sinclair Television Group Inc., has refinanced a portion of its debt under an existing bank credit facility. Sinclair said it raised a $330 million tranche B term loan maturing in October 2015 that was used to repay existing loans of $78.8 million and $216.
NEWS
October 27, 2004
Feeser hired as assistant to commission president Carroll County Board of Commissioners President Julia Walsh Gouge has hired Tim Feeser as a special assistant. A lifelong county resident, Feeser, 44, has been a manager in the grocery retail industry for the past 26 years. He lives near Manchester with his wife, Lynne, and their two daughters. Feeser will earn $32,339 annually for the 30-hour-a-week position. He succeeds Frank Johnson, who was named the county's director of legislative services in August.
BUSINESS
By Liz Bowie and Liz Bowie,SUN STAFF | August 1, 1997
Sinclair Broadcast Group Inc.'s ownership of local televisio stations was incorrectly stated in yesterday's editions of The Sun. Sinclair owns WBFF-TV and has a local marketing agreement with WNUV-TV.+ The Sun regrets the errors.Sinclair Broadcast Group Inc. yesterday reported that its acquisitions in the past year helped spur after-tax operating cash flow -- a key earnings measure -- for the second quarter.The Baltimore-based radio and television operator, which owns WBFF-TV and WNUV-TV locally, said its after-tax operating cash flow increased 16.3 percent to $25.5 million from $22.1 million from the same period a year ago. That represented 66 cents per share, compared with 60 cents a share a year ago. The company beat analysts' projections of 60 cents a share.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN STAFF | November 7, 2002
Sinclair Broadcast Group Inc. said yesterday that its third-quarter loss narrowed as advertising sales continued to increase. The Hunt Valley-based broadcaster posted a net loss of $21.4 million, or 28 cents a share, for the three months that ended Sept. 30. That compared with a loss of $29.9 million, or 39 cents a share, a year earlier. Net broadcast revenue was $163.9 million, up from $148.6 million. Local third-quarter advertising revenue was 10.7 percent higher than in last year's corresponding period.
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.
FEATURES
By David Zurawik | October 27, 2004
The lackluster Baltimore ratings of A POW Story: Politics, Pressure and the Media mirrored a national pattern for the controversial report on presidential politics by the Sinclair Broadcast Group last week. In 15 of the largest markets in which Sinclair aired the show at 8 p.m. Friday, it averaged a 2.9 rating and 5 share. That means 2.9 percent of the television homes in those markets were tuned to the show, accounting for 5 percent of all the homes with TV sets in use at the time, says Nielsen Media Research.
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