Sinclair Broadcasting repurchases $14 million bonds

By Laura Lutz

Des Moines, Aug. 2 - Sinclair Broadcast Group, Inc. bought back $14 million of its bonds on the open market during the second quarter, according to a company release.

In doing so, president and chief executive officer David Smith said the company was "deleveraging through our operating company to a level not experienced by Sinclair in the past 8.5 years and demonstrating the strength and flexibility of our balance sheet."

Sinclair is a Hunt Valley, Md.-based television broadcasting company.

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