Sinclair Broadcast Group Closes on Cox Media Group Stations
BALTIMORE, May 2, 2013
BALTIMORE, May 2, 2013 /PRNewswire/ --Sinclair Broadcast Group, Inc. (Nasdaq:
SBGI) (the "Company" or "Sinclair") announced that it has closed on the
purchase of four television stations owned by Cox Media Group ("CMG") for
$99.0 million less $4.3 million of working capital adjustments and an
agreement to provide sales services to one other station. The Company funded
the transaction through cash on hand.
(Logo: http://photos.prnewswire.com/prnh/20100119/PH39783LOGO )
The CMG stations owned and operated, programmed or provided sales services to
Station Affil. Market DMA
KFOX FOX El Paso, TX 91
WJAC NBC Johnstown/Altoona, PA 102
KRXI FOX Reno, NV 108
KAME MNT Reno, NV 108
WTOV NBC Wheeling, WV/Steubenville, OH 158
(1) Represents television designated market areas according to the Nielsen
Company ("Nielsen"). The numbers in the column represent the ranking in terms
of size of the DMA out of the 210 generally recognized DMAs in the United
On a pro forma basis assuming consummation of all pending acquisitions,
Sinclair Broadcast Group, Inc., the largest and one of the most diversified
television broadcasting companies, will own and operate, program or provide
sales services to 134 television stations in 69 markets. Sinclair's
television group will reach approximately 34% of U.S. television households
and is affiliated with all major networks. Sinclair's television portfolio
will include FOX, MNT, CW, ABC, CBS, NBC, Univision, independent and Azteca
stations. Sinclair owns equity interests in various non-broadcast related
companies. The Company regularly uses its website as a key source of Company
information which can be accessed at www.sbgi.net.
SOURCE Sinclair Broadcast Group, Inc.
Contact: David Amy, EVP & CFO, Sinclair, or Lucy Rutishauser, VP & Treasurer,
Sinclair, (410) 568-1500
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