Sinclair Broadcast Group was hit with a record $48 million fine by the FCC Thursday morning, news of which was strangely absent from the company’s Q1 earnings call later in the day. Except that it’s not strange at all since such calls are supposed to be like pep rallies. And when your team has been losing as often and as badly as Sinclair over the last few months, it’s important to accentuate the positive.
The company did address the fine publicly, tweeting out a statement from president and CEO Chris Ripley that thanked the FCC for its diligence in resolving the matter.