Sinclair Broadcast Group Announces Public Offering of Class A Common Stock

  Sinclair Broadcast Group Announces Public Offering of Class A Common Stock

PR Newswire

BALTIMORE, April 29, 2013

BALTIMORE, April 29, 2013 /PRNewswire/ --Sinclair Broadcast Group, Inc.
("Sinclair" or the "Company") (Nasdaq: SBGI) announced today that it has
commenced an underwritten public offering of 14.0 million primary shares of
Class A common stock. Certain selling stockholders also intend to grant the
underwriters a 30-day option to purchase up to an additional 2.1 million
shares of Class A common stock on the same terms and conditions. The net
proceeds are intended to fund pending and future potential acquisitions and
for general corporate purposes.

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Wells Fargo Securities and J.P. Morgan are acting as joint book-running
managers for the offering. Deutsche Bank, RBC Capital Markets, and SunTrust
Robinson Humphrey will act as co-managers of the offering.

The Class A shares are being offered pursuant to an effective shelf
registration statement previously filed with the Securities and Exchange
Commission ("SEC"). This press release shall not constitute an offer to sell
or the solicitation of an offer to buy the securities, nor shall there be any
offer or sale of the securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful. The offering of these
securities will be made only by means of the prospectus supplement and the
related prospectus. A copy of the filings may be obtained for free by
visiting the SEC's website at When available, copies of the
prospectus supplement and related prospectus for this offering may be obtained
from Wells Fargo Securities and JP Morgan. Any requests can be made by
contacting Wells Fargo Securities, LLC, Attention: Equity Syndicate
Department, 375 Park Avenue, New York, New York 10152, by telephone at
1‐800‐326‐5897, or by e‐mail at, or J.P. Morgan
Securities LLC, Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, 1-866-803-9204.

Sinclair Broadcast Group, Inc. is one of the largest and most diversified
television broadcasting companies in the country. Including pending
acquisitions, the Company, will own and operate, program or provide sales
services to 134 primary television stations in 69 markets. Sinclair's
television group will reach approximately 34% of U.S. television households
and will include FOX, ABC, CBS, NBC, MNT, CW, Univision, Azetca and
independent affiliates. The Company regularly uses its website as a key
source of Company information and can be accessed at

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. Such
forward-looking statements are 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 statements as a result
of various important factors, including and in addition to the assumptions set
forth therein, but not limited to, our ability to price and close the equity
offering, our ability to obtain the necessary approvals to close our 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,
our ability to integrate acquired businesses and maximize operating synergies,
our ability to implement our new small market strategy, 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 in this release will occur. The
Company undertakes no obligation to update such forward-looking statements in
the future except as required by law.

SOURCE Sinclair Broadcast Group, Inc.

Contact: David Amy, EVP & CFO, Lucy Rutishauser, VP Corporate Finance &
Treasurer, (410) 568-1500
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