Sinclair Broadcast Group Closes On Acquisition Of Fisher Communications, Inc.
Sinclair Broadcast Group Closes On Acquisition Of Fisher Communications, Inc. PR Newswire 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. (Logo: http://photos.prnewswire.com/prnh/20100119/PH39783LOGO) 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 alternatives. 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 Company. 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 metropolitan statistical areas according to Arbitron Inc. MSA The Fisher radio stations covered by the transaction are: 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 (contemporary) KVI 570 AM (talk) Seattle-Tacoma, WA 13 About Sinclair: 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. Website: http://www.sbgi.net Contact: David Amy, EVP & CFO, or Lucy Rutishauser, VP & Treasurer, (410) 568-1500