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Sinclair raises revenue guidance on strong political ad buys

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mkeys@thedesk.net

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The logo of Sinclair, Inc.
The logo of Sinclair, Inc. (Graphic by The Desk)

Sinclair, Inc. says it is raising its advertising forecast for the third quarter (Q3) of the year after seeing a stronger-than-expected uptake in political ad buys.

The television broadcaster now says it expects political advertising revenue for Q3 to come in between $140 million and $145 million, up from the $113 million to $128 million that the company had previously forecasted.

The increase in political advertising revenue will help offset lower-than-expected revenue from general, non-political advertising, which is forecast to come in between $285 million to $293 million, lower than the earlier forecast of $288 million to $300 million.

Sinclair said the lower general advertising revenue was due to “crowd-out” from a higher uptake in political advertising, which competes for the same inventory on its broadcast and digital media properties.

Overall, Sinclair said its local media advertising business should come in between $425 million to $438 million during Q2, up from the prior forecast of $401 million to $428 million that was offered in early August.

Full-year political revenue is now expected to come in between $442 million to $469 million, Sinclair said.

Sinclair will reveal its Q3 earnings in early November.

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About the Author:

Matthew Keys

Matthew Keys is the award-winning founder and editor of TheDesk.net, an authoritative voice on broadcast and streaming TV, media and tech. With over ten years of experience, he's a recognized expert in broadcast, streaming, and digital media, with work featured in publications such as StreamTV Insider and Digital Content Next, and past roles at Thomson Reuters and Disney-ABC Television Group.
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