Sinclair Announces Proposed Private Offering of Senior Unsecured Notes of Sinclair Television Group

  Sinclair Announces Proposed Private Offering of Senior Unsecured Notes of
                          Sinclair Television Group

PR Newswire

BALTIMORE, March 18, 2013

BALTIMORE, March 18, 2013 /PRNewswire/ --Sinclair Broadcast Group, Inc.
("Sinclair" or the "Company") (Nasdaq: SBGI) announced today that its
wholly-owned subsidiary, Sinclair Television Group, Inc. ("STG"), intends to
offer, subject to market conditions and other factors, $600.0 million
aggregate principal amount of Senior Unsecured Notes (the "Notes"). The Notes
are expected to mature in 2021 and to be guaranteed by Sinclair and certain of
Sinclair's subsidiaries.

(Logo: http://photos.prnewswire.com/prnh/20100119/PH39783LOGO )

The net proceeds from the private placement of Notes are intended to pay down
outstanding indebtedness under STG's bank credit facility. This private
placement of Notes is conditioned on customary closing conditions.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy the Notes, nor shall there be any offer or sale of the
Notes in any state or jurisdiction in which such offer, solicitation or sale
would be unlawful.

The Notes will not be registered under the Securities Act of 1933, as amended
(the "Securities Act") or any state securities laws and may not be offered or
sold in the United States absent registration or an applicable exemption from
registration requirements. Accordingly, the Notes are being offered and sold
only (a) to "qualified institutional buyers" (as defined in Rule 144A under
the Securities Act) and (b) outside the United States, to non-U.S. persons in
compliance with Regulation S under the Securities Act.

Sinclair Broadcast Group, Inc., one of the largest and most diversified
television broadcasting companies, currently owns and operates, programs or
provides sales services to 112 television stations in 61 markets, after
pending transactions. Sinclair's television group reaches approximately 30%
of U.S. television households and includes FOX, ABC, CBS, NBC, MNT, CW and an
Azetca affiliate. The Company regularly uses its website as a key source of
Company information and can be accessed at www.sbgi.net.

Forward-Looking Statements:

The matters discussed in this press release include forward-looking statements
regarding, among other things, future operating results. When used, the words
"outlook," "intends to," believes," "anticipates," "expects," "achieves," and
similar expressions are intended to identify forward-looking statements and
information. Such forward-looking information is subject to a number of risks
and uncertainties. Actual results in the future could differ materially and
adversely from those set forth in the forward-looking information as a result
of various important factors, including and in addition to the assumptions set
forth therein, but not limited to, STG's ability to consummate the offering of
the Notes, obtain the necessary approvals to close on pending acquisitions,
the impact of changes in national and regional economies, the volatility in
the U.S. and global economies and financial credit markets which impact our
ability to forecast or refinance our indebtedness as its comes due, successful
execution of outsourcing agreements, pricing and demand fluctuations in local
and national advertising, volatility in programming costs, the market
acceptance of new programming, the CW Television and MyNetworkTV programming,
our news share strategy, our local sales initiatives, the execution of
retransmission consent agreements, our ability to identify and consummate
investments in attractive non-television assets and to achieve anticipated
returns on those investments once consummated, and any risk factors set forth
in the Company's recent reports on Form 8-K, Form 10-Q and/or Form 10-K, as
filed with the Securities and Exchange Commission. There can be no assurance
that the assumptions and other factors referred to will occur. The Company
undertakes no obligation to update such forward-looking information in the
future except as required by law.

SOURCE Sinclair Broadcast Group, Inc.

Website: http://www.sbgi.net
Contact: David Amy, EVP & CFO, Lucy Rutishauser, VP Corporate Finance &
Treasurer, +1-410-568-1500
 
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