Sinclair Broadcast Group has released its third quarter 2022 earnings report. And, there’s some good news: net income grew and easily beat Wall Street forecasts.
But, that improvement came at the same time media revenue fell. As such, total revenues missed the estimate of some 7 financial analysts.
There’s a big reason for this: Diamond Sports Group is no longer factored in to the results, thus requiring a deeper dive into just how Sinclair performed.
