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Broadcasting & Cable
Broadcasting & Cable
Business
Jon Lafayette

Sinclair Reports 4Q Loss On Diamond Sports Settlement

Sinclair Diamond Chris Ripley
Sinclair logo on a phone.

Sinclair reported a fourth quarter loss as it made a $495 million payment to settle lawsuits surrounding its bankrupt Diamond Sports Group subsidiary.

In the quarter, Sinclair lost $341 million, or $5.35 a share, compared to net income of $55 million, or 79 cents a share, a year ago.

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