Reuters
U.S. TV station owner Sinclair Broadcast Group Inc posted better-than-expected quarterly results, driven by growth in advertising revenue, and forecast higher broadcast revenue for the third quarter.
The company said it saw gains in nearly all of its major core advertising categories in the second quarter, with the largest growth coming from the automotive sector, which was up 46 percent.
Advertisement
“We continue to see advertising sales grow in the third quarter particularly from political and the automotive category,” Chief Financial Officer David Amy said. More…