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Sinclair shares Q3 earnings, outlook on FCC

Sinclair reported that its $730 million third-quarter earnings were $14 million ahead of projections, thanks in part to political advertising, and that in the current quarter, it expects a 22% revenue gain, significantly from political. Also, CEO Christopher Ripley said he does not expect the Federal Communications Commission to decide on the national TV ownership cap, since the industry has not been able to reach a consensus on the issue.

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