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Submitted: February 15, 2007 - 9:19am
Last updated: February 21, 2008 - 5:54am
Last updated: February 21, 2008 - 5:54am
SINCLAIR EYES $48 MILLION IN RETRANS FEES
[SOURCE: Multichannel News, AUTHOR: Linda Moss]
Sinclair Broadcast Group, on the heels of its bitter battle with Mediacom Communications, this year expects to generate nearly $48 million from retransmission-consent agreements, nearly double last year’s figure, officials said Wednesday. The expected $48 million will represent almost a 90% increase from the $25.4 million in retransmission-consent revenue that the broadcaster secured in 2006, Sinclair officials said during a conference call on fourth-quarter results. Sinclair CEO David Smith urged his fellow broadcasters to continue the quest for cash from cable companies.
http://www.multichannel.com/article/CA6416344.html?display=Breaking+News
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