$83 SINCLAIR 1 • Core advertising trends remain solid in most categories with effective yield management and sales training processes driving best-in-industry core advertising growth over last several quarters; expect record political revenues in 2024, excl. GA runoff tio ta n e s re P s g nin r a 4 E 2 Q • Driven largely by political advertising and distribution revenue increases Net cash tax payments $7 First Quarter Balance Sheet (Consolidated) ■ Bank Debt ■ Notes | Undrawn Revolver tio ta n e s re P s g ...