Earnings Continue to Fall for Tegna and Sinclair
/Both Tegna and Sinclair reported their 2nd quarter earnings and both came in below expectations.
Sinclair was down 8%, and Tegna was down 7%.
Both companies said that advertising was down. But they both continue to rape the viewers with retransmission fees.
They also know that the 2024 election is right around the corner and they will be raking in political ad dollars.