Sinclair’s Board Approves New $150.0 Million Share Repurchase Authorization
Contact: David Amy, EVP & COO
Lucy Rutishauser, SVP Corporate Finance & Treasurer
SINCLAIR’S BOARD APPROVES NEW $150.0 MILLION SHARE REPURCHASE AUTHORIZATION
BALTIMORE (March 20, 2014) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that its Board of Directors has approved a new $150.0 million share repurchase authorization to be accessed once its existing authorization is exhausted. Pursuant to the authorization, the Company may repurchase Class A common shares, from time to time, in the open market or through private transactions. Since its February 14, 2014 announcement, the Company has repurchased approximately 2.5 million shares and has approximately $47 million of remaining capacity under its existing authorization.
Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies. Sinclair owns equity interests in broadcast transmission-related companies and various non-broadcast related companies. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.
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