Sinclair Broadcast Group CEO Chris Ripley on Q2 2019 Results - Earnings Call Transcript

8/7/19

Good morning, everyone, and thank you for joining our second quarter earnings call. Before Lucy gets into our overachieving results, let me highlight some of our recent accomplishments and noteworthy announcements. We continue to work with Disney towards Department of Justice approval in a third quarter close of the RSN acquisition. Our recent closing of bond financing and successful syndication of bank financing to fund the acquisition received a strong positive response from the financial markets and we significantly exceeded our initial cost of capital assumptions from announcement. Lucy will take you through those details in a few moments.

Our stations continue to be recognized for their impactful news, storytelling and investigative reporting. So far this year our newsrooms have won 328 news awards and counting. On the distribution front, we recently renewed our retransmission consent with Charter in a multi-year deal that covers our TV stations, Tennis Channel, Marquee and the RSNs, when closed.

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