Sinclair Broadcast -4.8% as Q3 Revenue Guidance Comes Short

8/2/17

Sinclair Broadcast Group (NASDAQ:SBGI) has tailed off 4.8% after Q2 results beat expectations but featured below-Street guidance for Q3.

Total revenues grew 1.9%, though operating income declined nearly 8% as the company spent $6M toward acquiring Bonten Media Group and Tribune Media.

Net income dropped 10% to $44.6M.

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