SBG Closes on Acquisition of Fisher Communications, Inc.

Press Release

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

SINCLAIR BROADCAST GROUP CLOSES ON ACQUISITION OF FISHER COMMUNICATIONS, INC.

BALTIMORE, MD – (August 8, 2013) – 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 alternatives.

The Fisher television stations covered by the transaction are:

Read more..  Fisher SBG Close

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