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David D. Smith

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Top David D. Smith Articles

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  • 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 could be forced to sell assets, revise acquisitions under proposed FCC rules

    Sinclair Broadcast could be forced to sell assets, revise acquisitions under proposed FCC rules
    Sinclair Broadcast Group Inc. is one of several large broadcasters that could be forced to sell television stations or other assets or rethink future acquisitions under new media ownership rules the Federal Communications Commission is set to consider...
  • Sinclair will buy back $100 million of its stock

    Sinclair will buy back $100 million of its stock
    Sinclair Broadcast Group Inc. plans to buy back up to $100 million of its common shares. "We strongly believe in the long-term outlook of our company and our business model and disagree with the market's current discounted view on broadcast," said...
  • 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....
  • 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...
  • 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...
  • 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,...
  • Judge Basil A. Thomas, whose legal career spanned almost 80 years, dies

    Judge Basil A. Thomas, whose legal career spanned almost 80 years, dies
    Former Baltimore City Circuit Judge Basil A. Thomas, whose legal career spanned more than seven decades, died Friday of congestive heart failure at the Blakehurst Retirement Community in Towson. He was 98. "He's my guy. Basil lived a long and full...
  • Free Press report critical of media consolidation and FCC

    Free Press report critical of media consolidation and FCC
    A new report from the media watch dog group Free Press accuses the Federal Communications Commission of turning a blind eye toward media consolidation in the television industry. The study -- "Cease to Resist: How the FCC's Failure to Enforce Its...