Sinclair Broadcast announces up to $100M share repurchase plan Sinclair Broadcast Group announced that it intends to repurchase, from time to time, up to $100M of its Class A common shares in the open market. The company stated, "We strongly believe in the long term outlook of our Company and our business models and disagree with the market's current discounted view on broadcast. Using a portion of our free cash flow through the share repurchase is an attractive means to capture meaningful returns for our shareholders."
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Sinclair Broadcast to close on Allbritton statoins on August 1 Sinclair Broadcast announced that the FCC and the Department of Justice have approved the Company's acquisition of the Allbritton television stations. The company intends to close the transaction on August 1.