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Sinclair reports first-quarter earnings down 10 percent
Sinclair reports first-quarter earnings down 10 percent

Sinclair Broadcast Group Inc. said Wednesday its first-quarter profits slipped 10 percent to $24.3 million on reduced political and Super Bowl advertising. But its earnings per share of 25 cents for the January-to-March quarter, down from 27 cents a year earlier, beat Wall Street estimates of 12 cents. Shares of Sinclair closed at $29.97, down 35 cents Wednesday. The Hunt Valley-based TV station owner said its overall revenue jumped to $505 million in the latest quarter, up from $413 million in 2014's first quarter, reflecting its acquisitions of more stations and strength in core advertising categories. The company, which has affiliations with all major networks and reaches...

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