Sinclair update is upbeat


Sinclair Broadcast Group has updated its guidance to Wall Street, noting that some last minute unexpected political ad buys have improved its revenue outlook for Q4. Rather than the estimate it made public on October 13th that Q4 revenues would be down in the mid to high single digit percentages, Sinclair now expects revenues to be down only in the low to mid single digits. The company will report its Q3 results and provide more detailed Q4 guidance on November 5th.