Reuters
U.S. TV station owner Sinclair Broadcast Group Inc posted a narrower fourth-quarter loss, helped by improved advertising spending trends by the automotive sector and lower operating expenses.
The company expects first-quarter station net broadcast revenue from continuing operations, before barter, to grow in the low double-digit percent range, compared with station net broadcast revenue of $131.3 million, a year ago.
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“We believe we are being led out of the advertising recession on the backs of the automotive industry which appear to be focused once again on growing their market share,” Chief Financial Officer David Amy said in a statement. More…