— Sinclair Broadcasting, the parent company for Ring of Honor, reported a net income of $22.7 million, or 28 cents per share, for the quarter that ended Dec. 31. This is compared to a net income of $33.1 million, or 41 cents per share, in the last three months of 2010. Net income fell 31 percent in the fourth quarter, with earnings missing analysts’ estimates by 4 cents per share. Analysts had expected earnings of 32 cents per share on revenue of $211.34 million.
The company saw 12 percent growth in advertising from automakers, its largest category, compared to the fourth quarter of 2010. Political advertising revenues in the fourth quarter decreased to $4.1 million, compared to $26.8 million in the same period a year ago. David Smith, Sinclair’s president and chief executive had the following to say about the numbers.
“As we look ahead to 2012, our outlook is for continued ad spending growth by the automotive industry, as well as an increase in political advertising in this presidential election year.”
— The following has been added to the WWE Classics OnDemand service…
TV Classics:
* Extreme Championship Wrestling 1/20/98
* WWF Mania 1/9/93
* World Class Championship Wrestling 2/18/84
