Sinclair Broadcast Group (SBGI) Declares $0.18 Quarterly Dividend; 2.6% Yield

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Go back to Sinclair Broadcast Group (SBGI) Declares $0.18 Quarterly Dividend; 2.6% Yield

Sinclair Broadcast Group (SBGI) Misses Q1 EPS by 15c

May 9, 2018 7:34 AM EDT

Sinclair Broadcast Group (NASDAQ: SBGI) reported Q1 EPS of $0.42, $0.15 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $665.4 million versus the consensus estimate of $665.01 million.

For Q2, Media revenues are expected to be approximately $684.3 million to $688.4 million, up 7.5% to 8.1%... More

Sinclair Broadcast Group (SBGI) Announces Additional Information on Agreements to Sell TV Stations Related to Closing Tribune Media (TRCO) Acquisition

May 9, 2018 7:23 AM EDT

Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the "Company" or "Sinclair") announced that Fox Broadcasting Company ("Fox"), is a purchaser, along with previously announced purchasers, Standard Media Group, LLC (an affiliate of Standard General L.P.), Meredith Corporation (NYSE: MDP) ("Meredith"), Howard Stirk and Cunningham Broadcasting Corporation, of certain television stations Tribune and Sinclair expect to sell as a condition to the consummation of Sinclair's acquisition of the stock of Tribune Media Company (NYSE: TRCO) ("Tribune") in an accretive transaction valued at $4.6 billion after... More