Sinclair Broadcast swings to profit in fourth quarter, misses revenue forecast

Sinclair Broadcast Group swung to a profit in the fourth quarter, but revenue plunged, missing Wall Street’s expectations. The Hunt Valley-based TV station owner reported income Wednesday of $55 million, or 79 cents per share in the October-to-December period, compared with a loss of $89 million, or loss of $1.18 per share, in the fourth quarter of 2021.