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Sinclair Shares Sink At Opening Bell On Soft Q4 Results.

Sinclair Broadcast Group investors went into sell mode immediately after Wednesday's Opening Bell on Wall Street, sending SBGI shares down 7.7%, to $33.28, on extremely light volume before recovering to a roughly 4% dip some 17 minutes into the company's quarterly earnings call with Wall Street analysts.

Why were stockholders skittish, even as the company appears ever-closer to its merger with Tribune Media and announcement with FOX is expected to come shortly? Total revenue was down in Q4, although net income was up.

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Publication:Radio and Television Business Report (RBR+TVBR)
Article Type:Financial report
Date:Feb 28, 2018
Words:122
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