Sinclair Broadcast Group, Inc. (SBGI), the "Company" or "Sinclair," today reported financial results for the three and twelve months ended December 31, 2017.
"As we begin 2018, there are many positive events we are looking forward to driving value for the Company and the industry," commented David Smith, Executive Chairman of Sinclair. "Among them are the Federal Communications Commission's approval of ATSC 3.0 (the Next Generation Broadcast Platform) and certain deregulatory rulemakings relating to local market and national ownership rules, both of which are important for the broadcast industry's long-term outlook. We are confident the U.S. Tax Cuts and Jobs Act tax reform legislation will result in a favorable effect through the many small and medium sized local businesses we support on the advertising front. Meanwhile, we continue to work with the required governmental agencies towards the successful acquisition of Tribune Media Company, expected to close in the second quarter of 2018."
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