Sinclair Broadcast Group (SBGI) Approves $150M Buyback

September 6, 2016 3:18 PM EDT

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Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that its Board of Directors has approved an additional $150.0 million share repurchase authorization to be accessed once its existing authorization is exhausted. Pursuant to the authorization, the Company may repurchase Class A common shares, from time to time, in the open market or through private transactions. The Company currently has approximately $58 million of remaining capacity under its existing authorization.

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