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Exhibit 99.1
News Release Contact: Lucy Rutishauser, SVP Chief Financial Officer (410) 568-1500 SINCLAIR REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS • INCREASES REVENUE AND OPERATING INCOME COMPARED TO PRIOR YEAR • REPORTS $0.27 DILUTED EARNINGS PER SHARE • DECLARES $0.18 QUARTERLY DIVIDEND PER SHARE BALTIMORE (August 8, 2018) - Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three and six months ended June 30, 2018. CEO Comment: “Second quarter results came in well ahead of guidance in all key financial metrics, and we expect the second half of the year to continue to be robust, underlined by increasing distribution revenues and strong political advertising spend," commented Chris Ripley, President and Chief Executive Officer. "This year's mid-term elections are expected by many to have the most spending in U.S. history with broadcast television a primary beneficiary. In regards to the acquisition of Tribune Media Company, we are working with them to analyze approaches to the regulatory process that are in the best interest of our companies, employees and shareholders.” Three Months Ended June 30, 2018 Financial Results: • Total revenues increased 11.9% to $730.1 million versus $652.2 million in the prior year period. • Operating income was $131.6 million, including $6 million of one-time transaction costs, versus operating income of $118.8 million in the prior year period, which also included $6 million of one-time transaction costs. • Net income attributable to the Company was $28.0 million versus net income of $44.6 million in the prior year period, and includes $39 million in gross ticking fee costs related to the financing commitments for the Tribune acquisition. -
Regulatory Moratoria
WATTS IN PRINTER PROOF (DO NOT DELETE) 4/12/2012 1:22 AM REGULATORY MORATORIA KATHRYN A. WATTS† ABSTRACT Despite significant scholarly attention given to tools that the political branches use to exert control over the administrative state, one emerging tool has gone largely unnoticed: regulatory moratoria. Regulatory moratoria, which stem from legislative or executive action, aim to freeze rulemaking activity for a period of time. As this Article demonstrates, regulatory moratoria have worked their way into the political toolbox at both the federal and state levels. For example, at least fifteen federal bills proposing generalized regulatory moratoria were introduced in the first session of the 112th Congress, and from 2008 to 2011 alone, no fewer than nine states implemented some kind of executive-driven regulatory moratorium. In addition, beginning with President Reagan, all U.S. presidents other than George H.W. Bush have issued short-term regulatory moratoria immediately upon coming into office to facilitate review of midnight regulations passed by their predecessors. President Bush, who followed a member of his own party into the White House, instead implemented a one-year moratorium during his last year in office. This Article aims to situate regulatory moratoria within the existing literature on political control of the administrative state. The goal of this Article is largely descriptive: to provide the first overarching description of the emergence of and proposals for regulatory moratoria at both the federal and state levels and the different contexts in which regulatory moratoria have arisen. The Article also seeks to identify and analyze the major arguments for and against regulatory moratoria from both a legal and a policy perspective. -
The Institutionalization of the Congressional Review Act
Mitchell Hamline Law Review Volume 45 Issue 2 Article 1 2019 Congress Strikes Back: The Institutionalization of the Congressional Review Act Sam Batkins Follow this and additional works at: https://open.mitchellhamline.edu/mhlr Part of the Law and Politics Commons, Legislation Commons, and the President/Executive Department Commons Recommended Citation Batkins, Sam (2019) "Congress Strikes Back: The Institutionalization of the Congressional Review Act," Mitchell Hamline Law Review: Vol. 45 : Iss. 2 , Article 1. Available at: https://open.mitchellhamline.edu/mhlr/vol45/iss2/1 This Article is brought to you for free and open access by the Law Reviews and Journals at Mitchell Hamline Open Access. It has been accepted for inclusion in Mitchell Hamline Law Review by an authorized administrator of Mitchell Hamline Open Access. For more information, please contact [email protected]. © Mitchell Hamline School of Law Batkins: Congress Strikes Back: The Institutionalization of the Congressio CONGRESS STRIKES BACK: THE INSTITUTIONALIZATION OF THE CONGRESSIONAL REVIEW ACT Sam Batkins† I. INTRODUCTION ........................................................................... 351 II. HISTORY OF THE CONGRESSIONAL REVIEW ACT ...................... 354 A. Historical Vestiges ................................................................. 355 B. Debate and Enactment .......................................................... 357 C. Infancy of CRA: 1996 to 2001 .............................................. 361 D. Slow Weaponization of -
MIDNIGHTREG.Pdf
ABOUT THE MErcaTUS POLICY SERIES The objective of the Mercatus Policy Series is to help policy makers, scholars, and others involved in RAM the policy process make more effective decisions by incorporating insights from sound interdisciplinary research. The series aims to bridge the gap between advances in scholarship and the practical OG R requirements of policy through four types of studies: Policy Primers present an accessible explanation of fundamental economic ideas necessary to the practice of sound policy. MERCATUS Policy Resources present a more in depth, yet still accessible introduction to the basic elements of government processes or specific policy areas. Y STUDIES P R Policy Comments present an analysis of a specific policy situation that Mercatus scholars have TO explored and provide advice on potential policy changes. A POLICY Country Briefs present an institutional perspective of critical issues facing countries in which Mercatus scholars have worked and provide direction for policy improvements. EGUL R SERIES POLICY PRIMER No .9 FOR WHOM THE BELL TOLLS The Midnight Regulation Phenomenon Jerry Brito Senior Research Fellow Mercatus Center Veronique de Rugy Senior Research Fellow Mercatus Center 3301 North Fairfax Drive, Suite 450 Arlington, Virginia 22201 December 2008 Tel: (703) 993-4930 Fax: (703) 993-4935 About Jerry Brito, author About the Mercatus Center Jerry Brito is a senior research fellow with the Regulatory Studies Program at the Mercatus Center at George Mason The Mercatus Center at George Mason University is a research, education, and outreach organization that works with University. His research interests include regulation, telecommunications policy, and government transparency. scholars, policy experts, and government officials to connect academic learning and real world practice. -
Cleaning up and Launching Ahead What President Obama Can Learn from Previous Administrations in Establishing His Regulatory Agenda
AP PHOTO/J.SCOTT A PHOTO/J.SCOTT AP PP LEWHITE Cleaning Up and Launching Ahead What President Obama can learn from previous administrations in establishing his regulatory agenda Anne Joseph O’Connell January 2009 WWW.AMERICANPROGRESS.ORG Cleaning Up and Launching Ahead What President Obama can learn from previous administrations in establishing his regulatory agenda Anne Joseph O’Connell Reece Rushing Project Manager January 2009 Contents 1 Executive summary 4 Background 6 Agency rulemaking in political transitions 6 Midnight regulatory activity 8 Crack-of-dawn responses 9 Initiation of new regulatory agendas 11 Recommendations and conclusion 11 Responding to midnight regulations 13 Launching an affirmative regulatory agenda 16 Conclusion 17 Appendix: Data methodology 20 Endnotes 22 About the author and acknowledgments Executive summary As presidential transitions approach, a flurry of new regulation typically occurs as the outgoing administration moves to wrap up work and cement the president’s legacy. The Bush administration was no different. It finished more significant regulatory actions in the third quarter of 2008—the last quarter for which there is consolidated information—than in any preceding quarter of the administration, according to data gathered for this report. Attention now turns to the Obama administration and how it will respond. Just as admin- istrations finish with a midnight flurry, new administrations begin with “crack-of-dawn” actions designed to block or undo the outgoing administration’s work. Such countermeasures take considerable energy and resources. Perhaps as a result, new presidents typically initiate fewer regulatory actions, or rulemakings, in the first year of their terms than in later years. -
The Obama-Trump Transition, 96 Neb
Nebraska Law Review Volume 96 | Issue 3 Article 2 2018 The Limits of Executive Power: The Obama- Trump Transition Jody Freeman Harvard Law School, [email protected] Follow this and additional works at: https://digitalcommons.unl.edu/nlr Recommended Citation Jody Freeman, The Limits of Executive Power: The Obama-Trump Transition, 96 Neb. L. Rev. 545 (2017) Available at: https://digitalcommons.unl.edu/nlr/vol96/iss3/2 This Article is brought to you for free and open access by the Law, College of at DigitalCommons@University of Nebraska - Lincoln. It has been accepted for inclusion in Nebraska Law Review by an authorized administrator of DigitalCommons@University of Nebraska - Lincoln. The 2017 Roscoe Pound Lecture† Jody Freeman* The Limits of Executive Power: The Obama–Trump Transition TABLE OF CONTENTS I. Introduction .......................................... 546 II. Overview of Presidential Transitions .................. 547 III. Climate Change as an Illustration of Policy Change.... 551 A. Obama-Era Climate Change Policy ................ 552 B. Trump Administration Changes to Climate Change Policy ............................................. 557 IV. Constraints on Presidential Policy Reversals ........... 563 V. Conclusion ............................................ 571 VI. Question and Answer Session ......................... 571 A. Question 1—Failure to Comply with Paris Accord . 571 B. Question 2—Informal Agency Rulemaking ......... 573 C. Question 3—The Kyoto Protocol ................... 573 D. Question 4—Chevron Deference.................... 574 E. Question 5—Separation of Powers ................. 575 Good afternoon. Thank you so much for inviting me to deliver the Pound Lecture, which is an honor. I am aware of its special place in © Copyright held by the NEBRASKA LAW REVIEW. If you would like to submit a re- sponse to this Lecture in the Nebraska Law Review Bulletin, contact our Online Editor at [email protected]. -
Emmy® Awards
TH NATIONAL CAPITAL CHESAPEAKE BAY CHAPTER CHESAPEAKE BAY CAPITAL NATIONAL NATIONAL ACADEMY OF TELEVISION ARTS & SCIENCES NATIONAL JUNE 6 ® 23 EMMY AWARDS 2018 BETHESDA NORTH MARRIOTT HOTEL & CONFERENCE CENTER Winning teams are made of many winning people... sometimes more than the names included on the entry form! Was your work nominated for or awarded an Emmy® over the years? Was a co-worker or collaborator not included because of budgetary constraints? It’s never too late to purchase a beautiful plaque or crystal award celebrating these contributions. Select from elegant, high gloss rosewood finish plaques or our beautiful, translucent art glass featuring an image of the Emmy® statuette and personalized with an inscription celebrating your accomplishment. All prices include personalization, shipping not included. Nomination Plaque Plaque with Statuette Production Plaque Nomination Plaque: $125.00 Production Plaque with Regional Emmy® Statuette: $350.00 Production Plaque: $150.00 The 8” x 10” rosewood plaque Individuals who made a significant contribution to a winning Production plaques are for persons who commemorates work on Emmy® piece’s award-worthiness, but were not listed on the original made a significant contribution to a Nominated entries. entry, may purchase this 10½” x 13” ebony plaque which winning piece’s award-worthiness but were includes a Regional Emmy® Statuette. not listed on the original entry. Rosewood plaque is 10½” x 13”. Commemorative Statuette Curved Glass Nomination Commemorative Emmy®: $200.00 Curved Glass Nomination: $175.00 Stations, studios, and production A new translucent 10” x 7” curved glass companies may order a Commemorative commemorating work on Emmy® Emmy® statuette for public display at Nominated entries. -
Agencies, Boards, & Commissions
Agencies, Boards, & Commissions 228 229 Profiles of Agencies, Boards, and Commissions For information about boards or board members, contact the administrator. In the case of subordinate entities, unless a separate address and phone number are given, contact the main agency for information. For governor’s task forces, for example, contact the governor’s office; for legislative committees, contact the Legislative Service Bureau (405/521–4144). If the entity is not listed, consult the index, as it may be listed alphabetically beneath a par- ent entity. Personnel figures are provided by the agency. Interagency Mail availability is indicated by (IA). 2–1–1 Oklahoma Coordinating Council (56 O.S. § 3021) Formerly named the 2–1–1 Advisory Collaborative, Oklahoma www.211oklahoma.org Abstractors Board, Oklahoma (1 O.S. § 22) Re-created until July 1, 2019 Agency Code 022 (IA) www.abstract.ok.gov 2401 NW 23 Street, Suite 60B, Oklahoma City 73107 405/522–5019, fax 405/522–5503 Mission Statement The Oklahoma Abstractors Board regulates the abstracting industry and issues abstractor licenses, certificates of authority, and permits to construct abstract plants. Administration Glynda Reppond, Executive Director Personnel 2 unclassified History and Function The board consists of nine members, six of whom are in the abstracting industry, one real estate representative, one banking representative, and one attorney. All members are appointed by the governor and serve staggered four year terms. The board is responsible for promulgating rules, setting forth guidelines for agency operations, and governing the professional practices of the licensees. The entity is self-supporting through fees. Accountancy Board, Oklahoma (59 O.S. -
Midnight Rules: a Reform Agenda
Beermann, Midnight Rulemaking Report 7/12/2012 Midnight Rules: A Reform Agenda REPORT Jack M. Beermann This Article draws extensively from a February 2012 Report that I prepared as an academic consultant to the Administrative Conference of the United States, which adopted Recommendation 2012- 2, Midnight Rules, based on the Report: See Adoption of Recommendation, __ Fed. Reg. __ (date) or See Administrative Conference Recommendation 2012-2, Midnight Rules, (adopted June 14, 2012) available at http://www.acus.gov/wp-content/uploads/downloads/2012/06/Final-Recommendation-2012- 2-Midnight-Rules.pdf. 1 Electronic copy available at: http://ssrn.com/abstract=2121796 Beermann, Midnight Rulemaking Report 7/12/2012 Midnight Rules: A Reform Agenda Jack M. Beermann* I. Introduction., p. 3 II. Evidence that the Problem Exists., p. 7 III. Normative Issues Surrounding Midnight Rulemaking, p. 19 A. Political Background of Midnight Rules., p., 19 B. Normative Views of Midnight Rulemaking, p. 34 C. Summary, p. 39 IV. Evaluating Midnight Rules, p. 40 A. Measuring the Quality of Midnight Rules., p. 41 B. The Volume and Durability of Midnight Rules., p. 46 C. Interviews on the Quality of Midnight Rules., p. 61 V. Reactions of Incoming Administrations to Midnight Rulemaking, p. 62 A. Reactions of Incoming Administration to Midnight Rules, p. 63 B. The Legality of Strategies for Dealing with Midnight Rules, 85 1. Legal Views in the Executive Branch and Commentary, p. 85 2. Case Law on Reactions to Midnight Regulation, p. 89 a. Withdrawal of Rules from the Federal Register, p. 90 b. Suspension of the Effective Dates of Published Rules, p. -
Midnight Regulations” and Its Effect on Political Accountability
Essay Early to Bed for Federal Regulations: A New Attempt to Avoid “Midnight Regulations” and Its Effect on Political Accountability Christopher Carlberg* After serving either four or eight years as the most powerful per- son in the world, no President of the United States likes to think that his influence will suddenly vanish on his successor’s Inauguration Day. History has shown that most presidential administrations exert great effort in their final three months in office to promulgate a dramati- cally increased number of federal regulations that reflect the Presi- dent’s policy objectives.1 These “midnight regulations” have been strongly criticized on many fronts.2 The most salient criticism of mid- night regulations is that the President and the executive branch cannot be held politically accountable for the regulations they pass as they are headed out the door.3 This lack of political accountability leads to * J.D., 2009, The George Washington University Law School; B.A., 2005, Duke Univer- sity. The author would like to thank David Lee, Ryan Mitteness, Joseph Peters, Andrew Welz, and the other outstanding editors of The George Washington Law Review. The author is also grateful to Professor Kimberly N. Brown for her helpful comments during the development of this Essay. 1 See Nina A. Mendelson, Agency Burrowing: Entrenching Policies and Personnel Before a New President Arrives, 78 N.Y.U. L. REV. 557, 563 (2003); infra Part I. 2 One common criticism of midnight regulations this Essay will not address is that these regulations do not receive sufficient examination through the notice-and-comment rulemaking process. -
Use of the Congressional Review Act at the Start of the Trump Administration: a Study of Two Vetoes
\\jciprod01\productn\G\GWN\86-5\GWN506.txt unknown Seq: 1 20-SEP-18 8:18 ESSAY Use of the Congressional Review Act at the Start of the Trump Administration: A Study of Two Vetoes Stephen Santulli* ABSTRACT Once regarded as a legislative dead letter, the Congressional Review Act (“CRA”) gained new vitality in 2017 as President Trump and Republicans in Congress used the Act to veto more than a dozen regulations issued late in the Obama Administration. The reemergence of the CRA renewed debate over a vague provision at the heart of the Act: its prohibition against agencies reissu- ing regulations in “substantially the same form” as those regulations Congress vetoes. This Essay analyzes the congressional debate over two CRA vetoes at the start of the Trump administration against existing hypotheses about the “sub- stantially the same form” prohibition. Both of these vetoed regulations—one nullifying a Securities and Exchange Commission disclosure requirement for resource extraction companies and another nullifying a Department of Labor definition of jobs categories for which states can require drug testing of unem- ployment recipients—were issued pursuant to statutory mandate. The Essay concludes that these vetoes will likely force the courts to construe the meaning of “substantially the same form” and considers the factors that courts may weigh to determine the phrase’s meaning. TABLE OF CONTENTS INTRODUCTION ................................................. 1374 R I. HISTORY OF THE CONGRESSIONAL REVIEW ACT ....... 1375 R * J.D. 2018, The George Washington University Law School. September 2018 Vol. 86 No. 5 1373 \\jciprod01\productn\G\GWN\86-5\GWN506.txt unknown Seq: 2 20-SEP-18 8:18 1374 THE GEORGE WASHINGTON LAW REVIEW [Vol. -
Sinclair Broadcast Group, Inc
Sinclair Broadcast Group, Inc. Annual Report 2019 Form 10-K (NASDAQ:SBGI) Published: March 1st, 2019 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2018 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . COMMISSION FILE NUMBER: 000-26076 SINCLAIR BROADCAST GROUP, INC. (Exact name of Registrant as specified in its charter) Maryland 52-1494660 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 10706 Beaver Dam Road Hunt Valley, MD 21030 (Address of principal executive offices) (410) 568-1500 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Class A Common Stock, par value $ 0.01 per share The NASDAQ Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ý No o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No ý Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.