Cox Media Group Reaches Definitive Agreement to Sell TV Stations in Four Markets

   Cox Media Group Reaches Definitive Agreement to Sell TV Stations in Four
                                   Markets

PR Newswire

ATLANTA, Feb. 25, 2013

ATLANTA, Feb. 25, 2013 /PRNewswire/ --Cox Media Group (CMG) has reached a
definitive agreement with Sinclair Television to sell TV stations in four
markets as part of its broadcast portfolio realignment. The markets include:

  oEl Paso, Texas (KFOX-TV) (Fox affiliate)
  oJohnstown, Penn. (WJAC-TV) (NBC affiliate)
  oReno (KRXI-TV (Fox affiliate) and KAME-TV (MyNetwork affiliate)
  oSteubenville, Ohio (WTOV-TV) (NBC affiliate)

This news follows on the heels of CMG's Feb. 12 announcement that Connoisseur
is buying CMG's Southern Connecticut radio stations and that SummitMedia is
buying radio stations in Birmingham, Ala.; Greenville, S.C.; Hawaii;
Louisville, Ky.; and Richmond, Va. All sales are expected to close during the
second quarter following receipt of regulatory approvals. CMG is working with
Citi as financial advisor and Dow Lohnes as transaction and regulatory counsel
for all transactions. 

The broadcast realignment, announced in July 2012, is part of CMG's strategy
to focus on larger markets, cross-media collaboration, and heightened impact
in fewer markets.

"All of these media locations are valued brands with talented professionals
who are committed to their audiences, advertisers and communities," said CMG
President Doug Franklin. "We wish all of the employees well and know they
will continue to work hard to produce quality entertainment, news and
information for their customers and new owners." 

As part of its broadcast realignment, CMG recently added four new TV stations
in two markets – Jacksonville, Fla. and Tulsa, Okla. – to its broadcast
group. The new stations – WAWS-TV (Fox) and WTEV-TV (CBS) in Jacksonville and
KOKI-TV (Fox) and KMYT-TV (MyNetwork) in Tulsa – will provide opportunities
for collaboration with CMG's other businesses in those markets. CMG owns and
operates WAWS-TV, KOKI-TV and KMYT-TV and provides operating services to
WTEV-TV, which is owned by Bayshore Television.

About Cox Media Group
Cox Media Group is an integrated broadcasting, publishing, direct marketing
and digital media company that includes the national advertising rep firms of
CoxReps. Additionally, CMG owns Cox Target Media, which operates Valpak, one
of North America's leading direct marketing companies, and Savings.com, a
leading online source for savings. The company's operations currently
includes 19 broadcast television stations and one local cable channel, 87
radio stations, eight daily newspapers and more than a dozen non-daily
publications, and more than 100 digital services. CMG currently operates in
more than 30 media markets and reaches approximately 52 million Americans
weekly, including more than 32 million TV viewers, more than 4 million print
and online newspaper readers, and 18 million radio listeners. For more
information about Cox Media Group, please check us out online at
www.coxmediagroup.com.

SOURCE Cox Media Group

Website: http://www.coxmediagroup.com
Contact: Andy McDill, +1-678-645-0439, Andy.McDill@coxinc.com