UPDATE 1-Sinclair Q3 beats Street view, raises Q4 rev outlook

* Q3 shr $0.19 vs est $0.08

* Q3 rev $160.1 mln vs est $155.8 mln

* Raises Q4 station net broadcast rev outlook

Nov 4 (Reuters) - U.S. TV station owner Sinclair Broadcast Group Inc (SBGI.O: Quote, Profile, Research) posted a higher quarterly profit on lower expenses even as revenue fell, and raised its fourth-quarter outlook for net broadcast revenue.

The company has started to see signs of a recovery from the recession, Chief Financial Officer David Amy said in a statement.

Like most media companies, Sinclair, which operates 58 TV stations in 35 U.S. markets, has been grappling with a relentless decline in advertising revenue brought on by the recession.

"While we still do not expect to see an immediate robust recovery, improvements in the business are occurring as advertisers are beginning to buy with longer lead times and declines in the core business are getting smaller," the CFO added.

Sinclair expects fourth-quarter net broadcast revenue from continuing operations of $143.3 million to $146.3 million, up from its prior view of about $135.5 million.

Net income was $14.9 million, or 19 cents a share, compared to $10.2 million, or 12 cents a share in the prior-year period. Total revenue fell about 10 percent to $160.1 million.