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Allbritton Communications Company

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Top Allbritton Communications Company Articles

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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...
  • Sinclair Broadcast will sell two TV stations to pave way for $1 billion Allbritton deal

    Sinclair Broadcast will sell two TV stations to pave way for $1 billion Allbritton deal
    Sinclair Broadcast Group Inc. plans to sell two television stations to help the company move ahead with a $1 billion planned purchase of seven ABC affiliates and a Washington-based cable news network. Selling the stations for a combined $97.4 million...
  • Gains from Super Bowl and Olympics boost Sinclair's revenue

    Gains from Super Bowl and Olympics boost Sinclair's revenue
    Sinclair Broadcast Group boosted profit and revenue in the first quarter, citing better-than-expected spending on political advertising, strong gains from Super Bowl and Olympics ads, and lower expenses at many of the company's television stations. The...
  • Sinclair Broadcast Group plans $150M share buyback

    Sinclair Broadcast Group plans $150M share buyback
    Sinclair Broadcast Group Inc. offered to restructure its nearly $1 billion planned acquisition of seven ABC affiliates and a Washington-based cable news network, changes it says will satisfy cross-ownership concerns recently raised by the Federal...
  • Sinclair earnings drop as broadcaster pays off debt

    Sinclair earnings drop as broadcaster pays off debt
    Sinclair Broadcast Group Inc. capped a year of strong broadcast revenue growth and station acquisitions with a 33 percent jump in fourth-quarter sales but a drop in profit as the Hunt Valley company paid off debt. The broadcaster reported income of $2....
  • Something's happening to local news

    Something's happening to local news
    So far this year, 223 local TV stations have changed hands. This is the biggest wave of media consolidation ever — and it's all happening in small and mid-level markets, involving companies most people have never heard of. Leading this wave is...
  • Sinclair plans to buy eight TV stations in Pa., Fla. for $90 million

    Sinclair plans to buy eight TV stations in Pa., Fla. for $90 million
    Hunt Valley-based Sinclair Broadcast Group Inc. said Wednesday that it plans to buy eight television stations from New Age Media for $90 million, continuing a string of recent station acquisitions. The stations are spread throughout three markets,...
  • Sinclair Broadcast buying eight stations for nearly $1B

    Sinclair Broadcast buying eight stations for nearly $1B
    Sinclair Broadcast Group Inc.'s buying spree continued Monday when the Hunt Valley broadcaster announced its largest deal to date at nearly $1 billion. Sinclair plans to buy eight larger-market television stations, including NewsChannel 8 and the ABC...
  • Sinclair plans to create 'hybrid' cable TV news channel

    Sinclair plans to create 'hybrid' cable TV news channel
    Sinclair Broadcast Group Inc. plans to create a new cable television news channel with a blend of local and national programming and bring it to cities across the United States over the next couple of years, CEO David Smith said Tuesday. Smith...
  • Sinclair envisions new cable news channel across U.S.

    Sinclair envisions new cable news channel across U.S.
    Sinclair Broadcast Group's billion-dollar bet on seven ABC affiliates and a regional news network in Washington, D.C., hinges on a plan to transform that network into a national enterprise. Sinclair would use NewsChannel 8 to create a unique hybrid...
  • Sinclair Broadcast Group net income down 41 percent

    Sinclair Broadcast Group net income down 41 percent
    Sinclair Broadcast Group Inc.'s second-quarter net income fell 41 percent, to $17.8 million, or 19 cents a share, from $30.1 million, or 37 cents a share, in the same period a year earlier but beat Wall Street's expectations. Profits for the three months...
  • Bezos picks Politico co-founder as new Washington Post publisher

    Bezos picks Politico co-founder as new Washington Post publisher
    Washington Post Co. owner Jeff Bezos on Tuesday named Frederick J. Ryan Jr. as the publication's new publisher, turning to the founding chief executive of Web-savvy Politico to lead one of the nation's premier news organizations. Ryan will take over...