Sinclair is joining companies including AT&T, Comcast and Wells Fargo in paying out employee bonuses upon the passage of the tax cut bill.
“We are grateful to our president and legislature for passing the landmark 2017 Tax Cuts and Jobs Act and are excited about the benefits it will provide for our country’s economy, our company,” writes Don Thompson, svp of HR for Sinclair Broadcast Group.
The company will pay out a special $1,000 bonus to nearly 9,000 full-time and part-time regular employees. Senior-level employees are excluded.
“We recognize that our employees are our most valuable resource, truly appreciate their combined achievements for our company and look forward to a very bright future,” writes Thompson.
Sinclair, like AT&T, has a major acquisition that is pending government approval. In May Sinclair offered $3.9 billion to acquire Tribune Broadcasting’s 42-station group, introducing SBG to the five largest U.S. markets including iconic stations WGN, WPIX and KTLA.
The FCC, which will have final say on the Tribune deal, has slapped Sinclair with a $13 million fine for not disclosing when it aired paid programming.