Sinclair Broadcast Group (SBGI) Tops Q1 EPS by 13c
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Sinclair Reports First Quarter 2015 Financial Results
May 6, 2015 7:30 AM EDTBALTIMORE, May 6, 2015 /PRNewswire/ --Â Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three months ended March 31, 2015.Â
"Our first quarter results slightly exceeded the high end of our revenue guidance due to both favorable core advertising and retransmission revenues," commented David Smith, President and CEO of Sinclair. "In addition, we had favorable variances in a number of our expense categories. Recently, we announced several initiatives expected to add longer-term value and growth opportunities, including the launch of our Digital Ventures group,... More
