SBG Announces Public Offering of Class A Common Stock

Press Release

Contact: David Amy, EVP & CFO
Lucy Rutishauser, VP Corporate Finance & Treasurer
(410) 568-1500

Sinclair Broadcast Group Announces Public Offering of Class A Common Stock

BALTIMORE (April29, 2013) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that it has commenced an underwritten public offering of 14.0 million primary shares of Class A common stock. Certain selling stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 2.1 million shares of Class A common stock on the same terms and conditions. The net proceeds are intended to fund pending and future potential acquisitions and for general corporate purposes.

Wells Fargo Securities and J.P. Morgan are acting as joint book-running managers for the offering. Deutsche Bank, RBC Capital Markets, and SunTrust Robinson Humphrey will act as co-managers of the offering.

The Class A shares are being offered pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (”SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any offer or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The offering of these securities will be made only by means of the prospectus supplement and the related prospectus. A copy of the filings may be obtained for free by visiting the SEC’s website at www.sec.gov. When available, copies of the prospectus supplement and related prospectus for this offering may be obtained from Wells Fargo Securities and JP Morgan. Any requests can be made by contacting Wells Fargo Securities, LLC , Attention: Equity Syndicate Department , 375 Park Avenue, New York, New York 10152, by telephone at 1-800-326-5897, or by e-mail at cmclientsupport @wellsfargo.com, or J.P. Morgan Securities LLC, Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, 1-866-803-9204.

Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country. Including pending acquisitions , the Company, will own and operate, program or provide sales services to 134 primary television stations in 69 markets. Sinclair’s television group will reach approximately 34% of U.S. television households and will include FOX, ABC, CBS, NBC, MNT, CW, Univision, Azetca and independent affiliates. The Company regularly uses its website as a key source of Company information and can be accessed at www.sbgi.net.

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