Sinclair Broadcast reports drop in sales and profits for third quarter

Sinclair Broadcast reports drop in sales and profits for third quarter”

As recently as last week, NBC News reported that O'Reilly was negotiating a deal with Sinclair, though a company spokesperson told CNN at the time that "Sinclair is not in discussions with Mr. O'Reilly". O'Reilly has indicated some interest in returning to television, but has said he would only do it for a broadcaster that reaches a big audience.

On a per-share basis, the Hunt Valley, Maryland-based company said it had profit of 30 cents. Their review also recognizes that the current rules no longer reflect the realities of today's media landscape and consumer viewing habits. "We do not have any interest in hiring him".

President/CEO CHRIS RIPLEY stuck to the operational news, saying, "We exceeded our third quarter adjusted operating income expectations previously provided, that excluded the acquisition of BONTEN MEDIA which closed in SEPTEMBER of this year". Wall Street analysts had expected earnings of 42 cents per share. Sinclair's media revenues, which include advertising, were down 1.7% to $624.2 million.

Sinclair, which is known for its conservative commentary and is already the nation's largest television-station owener, said it's closing in on acquiring Tribune Media by the beginning of 2018. The stock has climbed 26 percent in the last 12 months. Tribune stockholders approved the deal on October 19. The deal could give Sinclair control of 233 television stations that reach 72 percent of USA households.

Sinclair executives are said to be concerned about advertiser reaction to O'Reilly, according to a person familiar with the matter.

The company made progress entering partnerships with multichannel video programming distributors to carry Sinclair's signals, and renewed several Fox and CBS network affiliation agreements, Ripley said. The acquisition gave Sinclair 14 TV stations in eight markets.

Like this


01 November 2017
Nadal seals year-end No.1 ranking for 4th time
Roger Federer's decision to withdraw from this week's Paris Masters left Nadal with a clear path to his latest triumph. "It's been an awesome year", Nadal said.

01 November 2017
Appointment of representative is time-buying tactic: Kashmiri separatist leaders
Rana said the NC would go to people and expose the BJP's alleged corruption and malpractices as they represent people in the state legislature and DDB meetings.

01 November 2017
Raping women in ripped jeans is a 'national duty': Egyptian lawyer
An Egyptian lawyer has come under attack after stating that women who wear ripped jeans should be raped. Wahsh made the headlines past year after a televised debate between him and a liberal cleric.

01 November 2017
Nintendo releasing Zelda: Ocarina of Time-themed 2DS for Black Friday
Pokemon: A PokeBall Edition New Nintendo 2DS XL system at a suggested retail price of $159.99 (launches November 3). More Black Friday deals will definitely be coming down the pipeline shortly, so stay tuned for those.

01 November 2017
Clorox Company (The) (NYSE:CLX) Under Analyst Spotlight
The company reported $1.36 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.42 by $0.06. The Clorox Company (CLX) has been given an average price target of $134.92 from analysts, according to data collected by Finviz.

01 November 2017
Monstrous Harvey Weinstein Effigy To Burn At The Stake In England
Have we missed anyone? The much-anticipated celebrity effigy at this year's Edenbridge Bonfire will be revealed this morning.

01 November 2017
Dell Black Friday Ad 2017: Here are some of the doorbuster deals
The Dell 2017 Black Friday ad is now available, and it has deals in it that start as early as today, November 1. Additionally, there will be hourly doorbusters on Black Friday, starting at 8AM and ending at 8PM ET.

01 November 2017
The Bank of Nova Scotia (BNS), Healthcare Realty Trust Incorporated (HR)
Raymond James Financial Services Advisors Inc. lifted its position in Bank of Nova Scotia (The) by 17.0% during the third quarter. CIBC lifted their price objective on shares of Bank of Nova Scotia from C$85.00 to C$87.00 in a report on Wednesday, August 30th.

01 November 2017
Officers find person shot, killed near Lancaster intersection
Lancaster police are looking for a man who threatened a woman while she was walking with her children on a city street last week. As officers investigated further, they discovered that the person had suffered an apparent gunshot wound and was dead.

01 November 2017
Domantas Sabonis to Play Tonight Against the Sacramento Kings
In their 97-94 win over the San Antonio Spurs, Domantas put up 22 points and 12 rebounds and both are career-highs for him. Kings G George Hill, from Indianapolis Broad Ripple High School in Indianapolis, played five seasons with the Pacers.