Sinclair Broadcasting Takes $4.2 Billion Hit Over Regional Sports Networks

Station group leader bought 21 networks from Disney for more than $10 billion last year

Sinclair Broadcasting wrote off more than $4 billion this morning over its regional sports networks.

The local TV station giant reported a $4.2 billion “impairment charge” due to its RSN business when announcing its third quarter earnings Wednesday.

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Tim Baysinger

TV reporter • • Twitter: @tim_bays