06.04.2009 02:30 PM
Sinclair Re-Elects Board Members
HUNT VALLEY, MD.: Sinclair Broadcast Group announced today that shareholders re-elected its eight directors at the annual shareholders meeting. Shareholders ratified the appointment of PricewaterhouseCoopers LLP as its independent registered public accounting firm for the fiscal year ending Dec. 31, 2009.
The re-elected directors are David Smith, chairman of the board; CEO and president, Frederick Smith; vice president, J. Duncan Smith; vice president and secretary, Robert Smith; Basil Thomas, a retired associate judge of the Supreme Bench of Baltimore City; Lawrence McCanna, managing director of the accounting firm of Gross, Mendelsohn & Associates; Daniel Keith, founder and president of the Cavanaugh Group; and Martin Leader, a retired partner of the law firm Shaw Pittman, LLP.
Sinclair (NASDAQ: SBGI), owns and/or operates 58 television stations in 36 markets, reaching around 22 percent of all U.S. TV households. The company most recently announced extensions of its retransmission agreements with direct broadcast satellite providers Dish and DirecTV. Shares of Sinclair gained ground on the news and on a wider rally in the wake of the third straight drop in unemployment claims. SBGI was trading at $2.14 mid-day, up from just under $2 in most of Wednesday’s trading. -- Deborah D. McAdams