Sinclair Broadcast Group Closes On Acquisition Of Fisher Communications, Inc.
BALTIMORE, Aug. 8, 2013
BALTIMORE, Aug. 8, 2013 /PRNewswire/ -- Sinclair Broadcast Group, Inc.
(Nasdaq: SBGI) ("Sinclair") announced today that it has closed on its
previously announced acquisition of Fisher Communications, Inc. valued at
approximately $373.3 million, less acquired working capital.
Under the terms of the agreement, Fisher shareholders received $41.00 in cash
for each share of Fisher common stock they owned. The transaction represented
a 44% premium to the closing price of Fisher common stock on January 9, 2013,
the final trading day prior to Fisher announcing a review of strategic
The Fisher television stations covered by the transaction are:
Station Affil. Market DMA^1
KOMO ABC/This TV Seattle-Tacoma, WA 12
KUNS Univision/Mundo Fox Seattle-Tacoma, WA 12
KATU ABC/Me TV Portland, OR 22
KUNP Univision/Mundo Fox Portland, OR 22
KLEW CBS Spokane, WA 73
KBOI CBS/CW Boise, ID 111
KYUU CW Boise, ID 111
KVAL CBS/This TV Eugene, OR 121
KCBY CBS Eugene, OR 121
KPIC CBS Eugene, OR 121
KMTR NBC/CW Eugene, OR 121
KMCB NBC Eugene, OR 121
KTCW NBC Eugene, OR 121
KIMA CBS/CW Yakima-Pasco-Richland-Kennewick, WA 123
KEPR CBS/CW Yakima-Pasco-Richland-Kennewick, WA 123
KUNW Univision Yakima-Pasco-Richland-Kennewick, WA 123
KVVK Univision Yakima-Pasco-Richland-Kennewick, WA 123
KORX Univision Yakima-Pasco-Richland-Kennewick, WA 123
KBAK CBS Bakersfield, CA 126
KBFX FOX/This TV Bakersfield, CA 126
KIDK CBS/FOX Idaho Falls-Pocatello, ID 160
KXPI FOX Idaho Falls-Pocatello, ID 160
^1 DMA represents television designated market areas according to the 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 States. MSA represents radio
areas according to Arbitron Inc.
The Fisher radio stations covered by the transaction
KOMO 1000 AM (news) Seattle-Tacoma, WA 13
KOMO 97.7 FM (news) Seattle-Tacoma, WA 13
KPLZ 101.5 FM Seattle-Tacoma, WA 13
KVI 570 AM (talk) Seattle-Tacoma, WA 13
On a pro forma basis assuming consummation of all previously announced
acquisitions, Sinclair Broadcast Group, Inc., the largest and one of the most
diversified television broadcasting companies in the U.S., will own and
operate, program or provide sales services to 149 television stations in 76
markets. Sinclair's television group will reach approximately 38.2% (21.9%
for purposes of the 39% FCC ownership cap) of U.S. television households and
will be affiliated with all major networks. Sinclair's television portfolio
will include 33 FOX, 27 ABC, 25 CBS, 23 CW, 20 MNT,14 NBC, 5 Univision, one
Azteca and one independent station. 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, or Lucy Rutishauser, VP & Treasurer, (410)
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