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BUSINESS
February 25, 2005
* Television station owner Sinclair Broadcast Group Inc. said a shareholder lawsuit stemming from the company's decision to air portions of a program critical of Sen. John F. Kerry, who was then running for president, had been dropped.
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BUSINESS
February 25, 2005
* Television station owner Sinclair Broadcast Group Inc. said a shareholder lawsuit stemming from the company's decision to air portions of a program critical of Sen. John F. Kerry, who was then running for president, had been dropped.
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BUSINESS
September 22, 1999 | Bloomberg News
Sinclair Broadcast Group Inc. said it will aggressively invest in its TV station group as its pares down its radio business and focuses on television as a means to achieve long-term growth. Sinclair, which is in the process of selling most of its radio stations, said it will invest in "strong programming, aggressive promotion and better-trained and more-disciplined sales departments." After pending transactions, the broadcaster will own 59 TV stations and six radio stations.
NATIONAL
December 14, 2004 | Elizabeth Jensen, Times Staff Writer
A coalition of liberal political groups is launching a nationwide protest against Sinclair Broadcast Group, charging that the 62-station TV broadcaster, which was also the target of intense criticism during the presidential campaign, is misusing public airwaves with partisan news programming. The groups, led by Media Matters for America, today will announce a campaign to pressure Sinclair's advertisers with letters. The groups, however, are stopping short of demanding an advertiser boycott.
BUSINESS
November 5, 2004 | From Bloomberg News
Sinclair Broadcast Group Inc., which broadcasts television to 24% of U.S. homes, said third-quarter profit fell 46% partly because of higher expenses at its stations and a decline in nonpolitical advertising. Net income fell to $3.51 million, or 1 cent a share, from $6.46 million, or 5 cents, a year earlier, the Hunt Valley, Md.-based company said. Revenue rose 1.1% to $181.5 million.
BUSINESS
February 25, 1998 | From Bloomberg News
Sinclair Broadcast Group Inc. agreed to buy Sullivan Broadcast Holdings Inc. for as much as $1 billion in cash, stock and assumed debt, a deal that would give it TV stations in the East and South. The purchase of closely held Sullivan's 14 TV stations would put Baltimore-based Sinclair in mostly mid-sized markets and expand its reach to 23% of U.S. homes, from 19% now. The price includes as much as $100 million in stock and $480 million of assumed debt.
NATIONAL
December 14, 2004 | Elizabeth Jensen, Times Staff Writer
A coalition of liberal political groups is launching a nationwide protest against Sinclair Broadcast Group, charging that the 62-station TV broadcaster, which was also the target of intense criticism during the presidential campaign, is misusing public airwaves with partisan news programming. The groups, led by Media Matters for America, today will announce a campaign to pressure Sinclair's advertisers with letters. The groups, however, are stopping short of demanding an advertiser boycott.
ENTERTAINMENT
May 8, 2004 | Elizabeth Jensen, Times Staff Writer
When Sinclair Broadcast Group ordered its ABC affiliates to preempt Ted Koppel's "Nightline: The Fallen" roll call tribute to U.S. military killed in Iraq, calling it a political statement "disguised as news content," Comedy Central's mock newscast "The Daily Show" jumped into the fray with its own list. Called "The Funding," the Comedy Central list was a partial recitation of recent monetary donations to the Bush campaign by top officials of Sinclair.
BUSINESS
January 9, 2005
Regarding "Staples to Drop Ads on Sinclair TV Newscasts," Jan. 5: Staples Inc. should be very proud of its responsible decision to drop all advertising on Sinclair Broadcast Group Inc. stations. Regardless of any one person's (or company's) political beliefs, the one-sided, conservative media bias that currently exists in the United States should not be fostered for any reason. It is admirable that Staples has taken a very simple and bold step to not support this bias. An excellent example of corporate advertising leadership has now been set for others to follow.
BUSINESS
November 5, 2004 | From Bloomberg News
Sinclair Broadcast Group Inc., which broadcasts television to 24% of U.S. homes, said third-quarter profit fell 46% partly because of higher expenses at its stations and a decline in nonpolitical advertising. Net income fell to $3.51 million, or 1 cent a share, from $6.46 million, or 5 cents, a year earlier, the Hunt Valley, Md.-based company said. Revenue rose 1.1% to $181.5 million.
ENTERTAINMENT
May 8, 2004 | Elizabeth Jensen, Times Staff Writer
When Sinclair Broadcast Group ordered its ABC affiliates to preempt Ted Koppel's "Nightline: The Fallen" roll call tribute to U.S. military killed in Iraq, calling it a political statement "disguised as news content," Comedy Central's mock newscast "The Daily Show" jumped into the fray with its own list. Called "The Funding," the Comedy Central list was a partial recitation of recent monetary donations to the Bush campaign by top officials of Sinclair.
BUSINESS
September 22, 1999 | Bloomberg News
Sinclair Broadcast Group Inc. said it will aggressively invest in its TV station group as its pares down its radio business and focuses on television as a means to achieve long-term growth. Sinclair, which is in the process of selling most of its radio stations, said it will invest in "strong programming, aggressive promotion and better-trained and more-disciplined sales departments." After pending transactions, the broadcaster will own 59 TV stations and six radio stations.
BUSINESS
February 25, 1998 | From Bloomberg News
Sinclair Broadcast Group Inc. agreed to buy Sullivan Broadcast Holdings Inc. for as much as $1 billion in cash, stock and assumed debt, a deal that would give it TV stations in the East and South. The purchase of closely held Sullivan's 14 TV stations would put Baltimore-based Sinclair in mostly mid-sized markets and expand its reach to 23% of U.S. homes, from 19% now. The price includes as much as $100 million in stock and $480 million of assumed debt.
BUSINESS
August 15, 2006 | From Bloomberg News
The Federal Communications Commission sent letters to 77 television stations to try to determine whether they deceptively aired video news releases as if they were news reports, Commissioner Jonathan Adelstein said. The letters, dated Friday, follow a nonprofit group's study that found that at least 77 stations, including seven each owned by Tribune Co. and Sinclair Broadcast Group Inc.
BUSINESS
April 17, 1996 | Times Staff and Wire Reports
Corporate Lending Falls 21% in 1st Quarter: Bank loans to U.S. companies slowed in that quarter amid a pause in lending for mergers and acquisitions. Banks arranged $143.9 billion of loans for U.S. companies in the first quarter, 21% lower than in the same quarter last year, according to Loan Pricing Corp.-Gold Sheets, a New York firm that tracks the loan market. Still, the first-quarter lull in corporate lending is expected to be short-lived.
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