SBG Closes on Acquisition of Titan Stations
Contact: David Amy, EVP & CFO, Sinclair
Lucy Rutishauser, VP & Treasurer, Sinclair
SINCLAIR BROADCAST GROUP CLOSES ON ACQUISITION OF THE TITAN STATIONS
BALTIMORE (October 3, 2013) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the “Company” or “Sinclair”) announced that it has closed on its previously announced acquisition of the stock and broadcast assets of four television stations owned by TTBG LLC (“Titan”) for an aggregate purchase price of $115.35 million. Sinclair also assumed Titan’s agreements to provide sales and other services to two other stations, KXVO in Omaha, NE and KMEG in Sioux City, IA. The Company funded the transaction through cash on hand.
The Titan stations owned and operated, programmed or to which sales services will be provided are:
Read more… Titan_SBG_close