News Release
Contact: Lucy Rutishauser, SVP Chief Financial Officer
(410) 568-1500
SINCLAIR ENTERS INTO AGREEMENTS TO SELL TV STATIONS RELATED TO CLOSING TRIBUNE MEDIA ACQUISITION
BALTIMORE (April 24, 2018) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the “Company” or “Sinclair”) announced that, it has entered into definitive agreements to sell television stations to Standard Media Group LLC (an affiliate of Standard General LP), Meredith Corporation (NYSE: MDP) (“Meredith”), Howard Stirk and Cunningham Broadcasting Corporation and another party to be announced, upon consummation of Sinclair’s acquisition of the stock of Tribune Media Company (NYSE:TRCO) (“Tribune”). The sales are part of Sinclair’s larger acquisition of Tribune Media Company, in order to obtain necessary governmental approval of the Tribune transaction and for other business purposes and are expected to close at the same time as the Tribune transaction. Sinclair anticipates closing near the end of the second quarter of 2018, pending customary closing conditions, including approval by the Federal Communications Commission (“FCC”) and antitrust clearance, as applicable. Moelis & Company served as exclusive financial advisor to Sinclair on these transactions.
Read more…Tribune Divest Announcement FINAL 4-24-18
Sinclair Enters Into Agreements To Sell TV Stations Related To Closing Tribune Media Acquisition
RECENT NEWS RELEASES
- April 15, 2021
- Sinclair to Report First Quarter 2021 Results on May 5, 2021 at 7:30 a.m. (Eastern Time)
- April 14, 2021
- Sinclair Names Laurie R. Beyer to the Board of Directors
- April 13, 2021
- Sinclair Broadcast Group Flagship Station WBFF-TV Celebrates 50th Anniversary
- April 12, 2021
- Sinclair Broadcast Group’s Ring of Honor Reaches 500th Episode with Special Fan-Picked Programming
- Sinclair Affiliate WGME Announces Investigative Reporter Jon Chrisos and the I-Team Win Prestigious IRE Award
- April 1, 2021
- Sinclair Closes Partial Refinancing and Extension of STG Credit Facilities
- March 31, 2021
- Sinclair Broadcast Group and Bally’s Corporation Formally Rebrand Regional Sports Networks as Bally Sports, Ushering in New Era for Live Sports
- March 29, 2021
- Sinclair Broadcast Group Congratulates TSDSI and ATSC for Signing Standards Adoption Agreement
- March 23, 2021
- Major Broadcasters Launch NEXTGEN TV on Three Local Television Stations in Syracuse, NY
- March 18, 2021
- Major Broadcasters Launch NEXTGEN TV on Five Local Television Stations in Buffalo, NY