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Sinclair Broadcast Group Closes On Acquisition Of Barrington Stations

    Sinclair Broadcast Group Closes On Acquisition Of Barrington Stations

PR Newswire

BALTIMORE, Nov. 25, 2013

BALTIMORE, Nov. 25, 2013 /PRNewswire/ --Sinclair Broadcast Group, Inc.
(Nasdaq: SBGI) (the "Company" or "Sinclair") announced today that it closed on
its previously announced acquisition of 18 television stations owned by
Barrington Broadcasting Group, LLC ("Barrington") for $370.0 million and
entered into agreements to operate or provide sales services to another six
stations. The 24 stations are located in 15 markets and reach 3.4% of the
U.S. TV households. The acquisition was funded through cash on hand. 

(Logo: http://photos.prnewswire.com/prnh/20100119/PH39783LOGO )

As previously discussed, due to FCC ownership conflict rules, Sinclair sold
its station in Syracuse, NY, WSYT (FOX), and assigned its local marketing
agreement ("LMA") and purchase option on WNYS (MNT) in Syracuse, NY to
Bristlecone Broadcasting. The Company also sold its station in Peoria, IL,
WYZZ (FOX) to Cunningham Broadcasting Corporation ("CBC"). In addition, the
license assets of three stations were purchased by CBC (WBSF in Flint, MI and
WGTU/WGTQ in Traverse City/Cadillac, MI) and the license assets of two
stations were purchase by Howard Stirk Holdings (WEYI in Flint, MI and WWMB in
Myrtle Beach, SC) to which Sinclair will provide services pursuant to shared
services and joint sales agreements. Following its acquisition by Sinclair,
WSTM (NBC) in Syracuse, NY, will continue to provide services to WTVH (CBS),
which is owned by Granite Broadcasting, and receive services on WHOI in
Peoria, IL from Granite Broadcasting. Sinclair has, however, notified Granite
Broadcasting that it does not intend to renew these agreements in these two
markets when they expire in March of 2017.

The Barrington stations covered by the transaction are:

Station Affil. Market                                    DMA(1)
WEYI    NBC    Flint/Saginaw/Bay City/Midland, MI        67
WBSF    CW     Flint/Saginaw/Bay City/Midland, MI        67
WNWO    NBC    Toledo, OH                                76
WACH    FOX    Columbia, SC                              77
WSTM    NBC    Syracuse, NY                              84
WTVH    CBS    Syracuse, NY                              84
WSTQ    CW     Syracuse, NY                              84
KGBT    CBS    Harlingen/Weslaco/Brownsville/McAllen, TX 86
KXRM    FOX    Colorado Springs, CO                      89
KXTU    CW     Colorado Springs, CO                      89
WPDE    ABC    Myrtle Beach/Florence, SC                 103
WWMB    CW     Myrtle Beach/Florence, SC                 103
WHOI    ABC    Peoria/Bloomington, IL                    116
WPBN    NBC    Traverse City/Cadillac, MI                120
WGTU    ABC    Traverse City/Cadillac, MI                120
WTOM    NBC    Traverse City/Cadillac, MI                120
WGTQ    ABC    Traverse City/Cadillac, MI                120
KVII    ABC    Amarillo, TX                              130
KVIH    ABC    Amarillo, TX                              130
KRCG    CBS    Columbia/Jefferson City, MO               138
WFXL    FOX    Albany, GA                                150
KHQA    CBS    Quincy, IL/Hannibal, MO/Keokuk, IA        171
WLUC    NBC    Marquette, MI                             180
KTVO    ABC    Ottumwa, IA/Kirksville, MO                199

(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
States.

About Sinclair:
On a pro forma basis assuming consummation of all announced transactions,
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 164 television stations in 77 markets. Sinclair's
television group will reach approximately 38.7% of U.S. television households
(24.3% based on the FCC's calculation with the UHF discount) and will be
affiliated with all major networks. Sinclair's television portfolio will
include 39 FOX, 29 ABC, 26 CBS, 25 CW, 22 MNT, 16 NBC, 5 Univision, one Azteca
and one independent station. Sinclair owns equity interests in broadcast
transmission-related companies and 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, Sinclair or Lucy Rutishauser, VP & Treasurer,
Sinclair, (410) 568-1500
 
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