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
 
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