This is my third article covering Sinclair Broadcast Group (SBGI). The first two have not aged well. Actually, that might be an understatement. The thesis of my first piece was fairly simple. Back in November, I thought the company would benefit from strong advertising boosts generated from political revenue and from Fox owning the Super Bowl in 2020. Though I still believe that reasoning was originally sound, given the economic devastation from COVID-19, I no longer view advertising revenue to be better than expectations in 2020. In all likelihood, advertising will actually miss