SBG Closes on Purchase of COX Stations
Contact: David Amy, EVP & CFO, Sinclair
Lucy Rutishauser, VP & Treasurer, Sinclair
SINCLAIR BROADCAST GROUP CLOSES ON COX MEDIA GROUP STATIONS
BALTIMORE (May 2, 2013) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the “Company” or “Sinclair”) announced that it has closed on the purchase of four television stations owned by Cox Media Group (“CMG”) for $99.0 million less $4.3 million of working capital adjustments and an agreement to provide sales services to one other station. The Company funded the transaction through cash on hand.
The CMG stations owned and operated, programmed or provided sales services to are:
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