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Sinclair Broadcast profits up 38 percent in third quarter
Sinclair Broadcast profits up 38 percent in third quarter

Sinclair Broadcast Group Inc. saw profit for the third quarter jump 38 percent, benefiting from strength in television advertising and growth in revenue from fees broadcasters charge cable TV companies to carry their signals. The Hunt Valley-based TV station owner reported income of $36.3 million, or 36 cents per share, for the three months ended Sept. 30, up from $26.2 million, or 32 cents a share, a year earlier. Broadcast revenue from continuing operations for the quarter jumped 34.7 percent, to $303 million from $225 million, the company reported Wednesday. "We are pleased with our solid third-quarter results and expect to continue to grow our revenue share and provide additional...

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