United States securities and exchange commission logo
April 24, 2024
Lucy Rutishauser
Chief Financial Officer
Sinclair Broadcast Group, LLC
10706 Beaver Dam Road
Hunt Valley , MD 21030
Re: Sinclair Broadcast
Group, LLC
Form 10-K for the
Fiscal Year Ended December 31, 2023
File No. 000-26076
Dear Lucy Rutishauser:
We have reviewed your
filing and have the following comment.
Please respond to this letter within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe a
comment applies to your facts and circumstances, please tell us why in
your response.
After reviewing your
response to this letter, we may have additional comments.
Form 10-K for the Fiscal Year Ended December 31, 2023
Notes to the Consolidated Financial Statements
11. Income Taxes, page F-86
1. We note that in 2022
you increased your valuation allowance by $56 million and then in
2023 you decreased it
by $212 million. Both the increase and decrease in the valuation
allowance were
associated with the federal interest expense carryforwards under IRC
Section 163(j). With a
view towards expanded disclosure, please tell us specifically what
occurred in relation to
the federal interest expense carryforward under IRC Section 163(j)
between 2022 and 2023
that caused the significant change in the valuation allowance.
We remind you that the company and its management are
responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments,
action or absence of
action by the staff.
Please contact Inessa Kessman at 202-551-3371 or Robert
Littlepage at 202-551-3361 if
you have questions regarding comments on the financial statements and
related matters.
Lucy Rutishauser
Sinclair Broadcast Group, LLC
April 24, 2024
Page 2
FirstName LastNameLucy Rutishauser Sincerely,
Comapany NameSinclair Broadcast Group, LLC
Division of Corporation Finance
April 24, 2024 Page 2 Office of Technology
FirstName LastName