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News Release SINCLAIR REPORTS THIRD QUARTER 2021 FINANCIAL RESULTS BALTIMORE ( November 3 , 2021 ) - Sinclair Broadcast Group , Inc. ( Nasdaq : SBGI ) , the " Company " or " Sinclair , " today reported financial results for the three and nine months ended September 30 , 2021 . Third Quarter Highlights • • Consolidated total revenue of $ 1,535 million was flat to the third quarter of 2020 . Consolidated operating income of $ 73 million , including $ 27 million of non - recurring costs for transaction and transition services , COVID , legal , and regulatory costs ( " Adjustments " ) , increased compared to an operating loss in the third quarter of 2020 of $ 4,216 million , which included a $ 4,264 million impairment taken on the Local Sports segment relating to goodwill and definite - lived intangible assets , and $ 13 million of Adjustments . Excluding the Adjustments and impairment , operating income of $ 100 million increased $ 39 million compared to the third quarter of 2020 . Net income attributable to the Company was $ 19 million versus a net loss of $ 3,256 million in the prior year period . Excluding the Adjustments , the Company had net income of $ 39 million . Consolidated Adjusted EBITDA , which excludes the Adjustments , of $ 451 million , decreased 39 % versus the third quarter of 2020 . CEO Comment : " As the economy emerges from the pandemic , our advertising recovery continues to be strong , with our core advertising , excluding auto , growing versus 2019 across both our broadcast and sports segments , " said Chris Ripley , Sinclair's President & Chief Executive Officer . " The continuing headwinds from auto component shortages , which in the near - term has reduced automotive advertising revenue , has been mostly offset by higher services and sports betting advertising demand , trends we expect to continue throughout the remainder of the year and into next year . 2022 should benefit from the recent moderation of subscriber declines , as well as further recovery from the pandemic and robust political advertising due to the mid - term election cycle , which should favorably affect overall advertising demand and rates . " Ripley continued , " Our focus remains on growth opportunities in the broadcast , news and sports areas . New programming , the implementation of gamification elements across our platforms , the ramping up of activities around a ' Direct to Consumer ' product and the utilization of the ATSC 3.0 technology will all be key initiatives as we move into the next year . " Ripley concluded , " We are grateful for the patience and understanding of our customers , partners , and employees as we deal with the challenge of the recent cyber attack on our company . Our employees ' quick response and creative workarounds have helped us restore a significant portion of our systems . As we work to complete our investigation , we will look for opportunities to enhance our existing security measures . "