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Sinclair Broadcast Revenues Rise 33% in Q1

Sinclair Broadcast Group reported net broadcast revenues of $259.2 million in the first quarter of 2013, an increase of 32.5% on the year-ago quarter.

Sinclair’s operating income in the first quarter of 2013 increased to $63.7 million from $59.9 million in the first quarter of 2012. Local net broadcast revenues, which include local time sales, retransmission revenues and other broadcast revenues were up 32.8% for the quarter. National net broadcast revenues were up 31.5%.

“We are excited the Barrington Broadcasting, Fisher Communications and certain of the COX Media Group stations will soon be joining us. We intend to continue analyzing and evaluating opportunities to aquire additional television station assets towards creating greater scale for our operations and  value for our shareholders,” Sinclair president and CEO David Smith said in a statement.

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