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Q2 Earnings: Sinclair Net Broadcast Revenues Rise 45%

sinclair logoSinclair Broadcast Group reported $404.2 million in net broadcast revenues for the second quarter of 2014, a 44.7 percent increase on the year-ago quarter. Operating income was $103 million, an increase of 22.3 percent from Q2 2013.

Political revenues were $11.6 million for the quarter, up from $1.5 million in the year-ago period. Local net broadcast revenues (including local time sales, retransmission revenues and other broadcast revenues) were up 47 percent and national net broadcast revenues (national time sales and other national broadcast revenues) were up 36.3 percent.

“With the acquisition of Allbritton now complete, our focus will be on rationalizing and strengthening the portfolio, building upon our existing television station platform as it relates to investments in digital interactive and news content, and expanding our recently launched collegiate sports initiative,” Sinclair CEO David Smith said in a statement. “At the same time, we will continue to push for regulatory reform and building the next generation broadcast platform, both of which will allow us to more effectively compete with other forms of media.”

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