Sinclair (SBGI) released preliminary unaudited Local Media segment fourth quarter media revenues. The company expects Local Media segment media revenues to be $931 million to $933 million for the three months ended December 31, 2024, down modestly from the previously disclosed guidance of $936 million to $945 million.
Also, the company said it expects fourth quarter Local Media segment combined preliminary media programming and production expenses and media selling, general and administrative expenses of $580 million to $582 million, which compares favorably to the previously disclosed guidance of a total of $589 million to $590 million for the total of these two expense line items.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.