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Sinclair Broadcast reports drop in sales and profits for third quarter

Sinclair Broadcast reports drop in sales and profits for third quarter

Sinclair Broadcast Group Inc. reported a drop Wednesday in third-quarter sales and earnings, said its planned $3.9 billion deal to buy Tribune Media Co. remains on track and put to rest speculation that it plans to hire former Fox News host Bill O’Reilly.

In announcing results for the quarter ended Sept. 30, Hunt Valley-based Sinclair addressed ongoing criticism over its controversial plans to acquire Tribune Media under broadcast ownership rules that federal regulators revised earlier this year.

A planned review of rules that could further deregulate the television broadcast industry by the Federal Communications Commission reflects a recognition of how the competitive...

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