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Sinclair Reported $4.18 Billion Operating Loss in Q3 2020 – Cord Cutters News

Sinclair Broadcast Group reported today an operating loss of $4.18 billion in its Q3 financial results announcement. Sinclair took a major hit from the loss of…

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Sinclair Broadcast Group reported today an operating loss of $4.18 billion in its Q3 financial results announcement.
Sinclair took a major hit from the loss of distribution
deals for its regional sports networks, which included both Hulu with Live TV
and YouTube TV dropping the channels. The company also cited COVID-19 and “shifting
consumer behaviors” as affecting its sports segment.
While Sinclair saw an operating loss, revenue for the
company rose 37%. Sinclair listed the acquisition…

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