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Strong advertising sales lead to earnings boost for Sinclair Broadcast Group
Strong advertising sales lead to earnings boost for Sinclair Broadcast Group

Sinclair Broadcast Group Inc. turned in a better-than-expected second quarter Wednesday, thanks to strong advertising sales and lower expenses to operate its television stations. The Hunt Valley broadcaster said it earned $41.3 million, or 42 cents per share, in the three months ended June 30, compared with $17.8 million, or 19 cents per share, a year earleir. Wall Street analysts had expected earnings of 37 cents per share. Shares of Sinclair closed up 49 cents each at $32.30 share Wednesday. Broadcast revenues from continuing operations jumped to $404.2 million, up 45 percent from $279.3 million during the second quarter of 2013. The TV station owner closed last week on a major...

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