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/ 03.02.2010 12:00AM
Sinclair and ABC Extend Again
HUNT VALLEY, MD.:
Sinclair announced today that its affiliate talks with ABC have been extended
to March 31. The previous affiliate agreement for Sinclair’s nine ABC stations
expired Dec. 31, 2009. The network and the station group have been in talks to
hammer out a new deal. This marks the third extension of those talks. A similar
one-month extension was announced in early January and early February.
Late last year, Sinclair closed carriage deals with cable operators that
included some of its ABC stations. Its December agreement with Time Warner
Cable included three. The contentious battle with Mediacom that concluded in
January included Sinclair ABC affiliates in St. Louis, Mo., Mobile, Ala., and
Cedar Rapids, Iowa.
Sinclair cut its year-over-year loss in 2009 to $138 million compared to $248.7
million in 2008. Revenues, in turn, were down 13 percent to $554.6 million. Sinclair
shares (NASDAQ: SBGI) are off a recent peak of nearly $5.80, but at $5.19 at
market close, the stock remains nearly 29 percent up year-to-date.
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Thursday 12:00AM
Broadcasters File Suit Against FCC’s Political File Rules
“The FCC decision to put the political files online will bring broadcasters into the 21st century, and will make already public information more easily accessible to everyone.” Free Press Senior Policy Counsel Corie Wright.