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Sinclair Broadcast Group

ENTERTAINMENT
By David Zurawik and The Baltimore Sun | December 22, 2011
Verizon and Sinclair Broadcast Group have reached an agreement, according to Bill Fanshawe, general manager of Baltimore's WBFF and WNUV television stations. WBFF is owned and WNUV is managed by the Hunt Valley based broadcaster. "We have settled," Fanshawe said late Thursday. "So, we are pleased to announce that we have reached an agreemnent in principle for a new deal that will provide for continued carriage of our stations on the FiOS systems after December 31st, 2011. " What that means immediately is that the crawls across the bottom of the screen warning FiOS viewers that they might not be able to see "Glee" and NFL football games after Dec. 31, are history.
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BUSINESS
Jay Hancock | November 12, 2011
"Working. For you," is the slogan of WPEC-TV in West Palm Beach, Fla. But next year, Sinclair Broadcast Group expects WPEC to also work especially hard for Sinclair shareholders as it rakes in advertising money on behalf of candidates for Congress and the presidency. Thanks to the Supreme Court's removal of restrictions on political spending and Florida's perennial status as a political battlefield, West Palm Beach viewers are likely to be blasted by more ads than ever, suggesting Republicans will wreck Medicare and Democrats will wreck the country.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | June 2, 2011
Shareholders of Sinclair Broadcast Group Inc. approved the company's executive pay package in a "say on pay" nonbinding vote Thursday. Besides weighing in on compensation during Sinclair's annual meeting, shareholders also re-elected the broadcaster's eight directors, including Chairman David D. Smith, Sinclair's chief executive officer and president. Smith's total compensation last year was $3.6 million, including $1 million base salary, $1 million cash bonus and $1.6 million in option awards, up from a total compensation of $1 million in salary with no bonuses or option awards in 2009.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | February 2, 2011
Hunt Valley-based Sinclair Broadcast Group Inc. said Wednesday it has settled a contract dispute with Time Warner Cable Inc., reaching a multiyear agreement that allows the cable provider to carry signals for 28 Sinclair television stations. That means Time Warner customers in 17 markets from Portland, Maine, to Pensacola, Fla., will have access to network TV stations such as Fox, NBC, CBS and ABC affiliates that might otherwise have gone dark. Time Warner, the second-largest cable operator in the United States, serves customers in 28 states, mainly in New York, the Carolinas, Ohio, Texas and Southern California.
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.
NEWS
August 3, 2010
Here's a look at what's happening on Wednesday, August 4, 2010 WEATHER - High 92, Low 75. 40 percent chance of thunderstorms. NEWS - Baltimore City Council to discuss controversial dismissed-rape complaints. BUSINESS - Sinclair Broadcast Group to report Q2 earnings. SPORTS - The Orioles host the Los Angeles Angels. Game time is 7:05 p.m.. Brian Matusz (3-11) starts for the O's against Ervin Santana (10-7) for the Angels. FEATURES - Remember to check mobile.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | May 5, 2010
Hunt Valley-based Sinclair Broadcast Group Inc. reported a first-quarter profit Wednesday, a turnaround from a first-quarter loss in 2009, as sales of television advertising improved. Sinclair, owner or programmer of 58 TV stations including Fox 45 in Baltimore, said it earned net income of $11.5 million, or 14 cents per share, in the three months that ended March 31. The broadcaster had posted a loss of $85.7 million, or $1.06 per share, in the first three months of 2009, largely due to an after-tax, $100.
BUSINESS
January 5, 2010
Television station owner Sinclair Broadcast Group Inc. on Monday revised its outlook for fourth-quarter net broadcast revenue to a better-than-expected $153.8 million, or 6.5 percent lower than the fourth quarter of 2008. The Hunt Valley-based broadcaster had previously anticipated net broadcast revenue, from advertising on its stations, of $143.3 million to $146.3 million for the three months ended Dec. 31, or a drop of 11 percent to 12.8 percent. Sinclair, which owns, operates or programs 58 U.S. stations, including Fox 45 in Baltimore, said it has seen advertising revenue improve in the automobile sector because of increased spending on ads by dealers and domestic manufacturers.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,lorraine.mirabella@baltsun.com | November 5, 2009
Sinclair Broadcast Group Inc. reported Wednesday a 47 percent jump in third-quarter net income as revenue fell and said it had successfully restructured its balance sheet. The Hunt Valley-based owner of 58 television stations said net income for the quarter that ended Sept. 30 rose to $14.9 million, or 19 cents per diluted share, compared with net income of $10.2 million, or 12 cents per diluted share, during the third quarter of 2008. Net broadcast revenues from continuing operations fell 9.1 percent, to $136.
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.
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