FOR IMMEDIATE RELEASE
SINCLAIR ACQUIRES TENNIS MEDIA COMPANY; ALIGNS TENNIS MAGAZINE, TENNIS.COM AND TENNIS CHANNEL ON UNIFIED PLATFORM
BALTIMORE, March 1, 2017 – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that it has acquired the assets of Tennis Media Company, the owner of Tennis magazine and Tennis.com, for $8 million plus an additional $6 million earn-out potential based on certain contingencies. The acquisition will create a unified media platform that combines Tennis.com, the most visited online tennis platform in the world, and Tennis magazine, the sport’s most circulated print publication, with Sinclair’s Tennis Channel, the 24-hour television and multimedia network dedicated to the sport. The transaction was funded with cash on hand.