Sinclair Broadcast Group Prices Public Offering of Class A Common Stock

   Sinclair Broadcast Group Prices Public Offering of Class A Common Stock

PR Newswire

BALTIMORE, May 2, 2013

BALTIMORE, May 2, 2013 /PRNewswire/ --Sinclair Broadcast Group, Inc.
("Sinclair" or the "Company") (Nasdaq: SBGI) announced that it has priced an
underwritten public offering of 18.0 million primary shares of Class A common
stock at a price to the public of $27.25 per share. Certain selling
stockholders also granted the underwriters a 30-day option to purchase up to
an additional 2.7 million shares of Class A common stock on the same terms and
conditions. The offering is expected to close on May 7, 2013, subject to
customary closing conditions. The net proceeds are intended to fund pending
and future potential acquisitions and for general corporate purposes.


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

The Class A shares were 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 was
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

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 news release, particularly those in the section
labeled "Outlook," include forward-looking statements regarding, among other
things, future operating results. When used in this news release, 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 described 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 close the equity
offering, our ability to obtain 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's acceptance
of new programming, the CW Television Network 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 other risk factors set
forth in the Company's most 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
assurances 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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