Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
BALTIMORE - Television broadcasting company Sinclair Broadcast Group Inc. revised its fourth-quarter net broadcast revenue outlook for the second time in a month due to stronger-than-expected political advertising.
| SBGI | 3.86 |  0.07 |
Sinclair now expects quarterly net broadcast revenue to be down in the low single-digit percentage range compared with a prior forecast for a low to mid single-digit decline.
The company initially predicted last month that fourth-quarter net broadcast revenue would be down in the mid to high single-digit percentage range.
Sinclair anticipates about $25.6 million in fourth-quarter political advertising. But the company warned that its core ad sales continue to slip due to softening economic conditions and crowding out from political ads.
The company also said a change in its dividend tax rate or a worsening economy could hurt its dividend.
You've heard the talk of "Green" throughout the whole of 2008, bu...
Lenovo, with its IdeaPad line series is previewing Y-Series IdeaPad Y650 laptops at CES in Las Vegas together with other new Ideapad Y-series.
With oil prices rising over the past few years, many people want to know about the impact on spending and investment by oil companies. Though pri...
Cisco will unveil new consumer products and initiatives during apress conference at the 2009 ...
Building your business and corporate credit for your small business.
Get your next web design project done with our los angeles web design team - Best web design with great price.
Buy Real Estate, Tax Liens, and more- Fund your business or franchise without debt
Partners   
|
© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
