Sinclair Opens Applications for Broadcast Diversity Scholarships

FOR IMMEDIATE RELEASE

Sinclair Opens Applications for Broadcast Diversity Scholarships

BALTIMORE, Md. (December 20th, 2016) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) has begun accepting applications for the second year of its Broadcast Diversity Scholarship Fund.  The $500,000 scholarship fund was established in 2015 to help minority students finance undergraduate educations in broadcasting or journalism.

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Sinclair Broadcast Group Announces Expected End of Carriage by Frontier Cable

News Release

Contact:   Barry Faber, EVP, Distribution & Network Relations
                (410) 568-1500

SINCLAIR BROADCAST GROUP ANNOUNCES EXPECTED END OF CARRIAGE BY FRONTIER CABLE

Encourages Frontier Subscribers to switch to other video providers like Comcast, Dish Network and DirecTV

    Seattle, WA and Portland, OR (December 20, 2016) – Sinclair Broadcast Group (“Sinclair” or the “Company”) (Nasdaq: SBGI), the owner of KOMO-TV (ABC in Seattle, Washington) and, KATU-TV (ABC in Portland, Oregon) announced today that it does not expect to renew its retransmission consent agreement with Frontier Cable (“Frontier”). As a result, Frontier will likely not be carrying these stations beginning on January 1, 2017. Frontier has also advised Sinclair that after December 31, 2016, Frontier does not intend to carry Sinclair-owned Tennis Channel to the hundreds of thousands of Frontier subscribers who currently receive this cable channel.

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No Special Deal With Trump Campaign, Equal Access Offered To Both Presidential Campaigns

FOR IMMEDIATE RELEASE

December 19, 2016

SINCLAIR: NO SPECIAL DEAL WITH TRUMP CAMPAIGN, EQUAL ACCESS OFFERED TO BOTH PRESIDENTIAL CAMPAIGNS

BALTIMORE – The following statement is from Scott Livingston, Vice President of News at Sinclair Broadcast Group:

“Over the past three days, there have been numerous misleading press stories about Sinclair’s election coverage. I now need to set the record straight. We offered both major presidential candidates the same opportunities to be interviewed by our local anchors on a regular basis. There was no ‘deal’ on the tone, tenor, or subject of the interviews. We did not offer favorable or preferential treatment to either candidate, nor did we ever waiver from our commitment to provide rigorous, thoughtful, and thorough coverage to the millions who rely on local television.

Read more…Sinclair Public Statement FINAL

 

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Sinclair To Amend And Extend Bank Credit Agreement

Contact:  Chris Ripley, CFO
                 Lucy Rutishauser, SVP Corporate Finance & Treasurer
                (410) 568-1500

Sinclair to Amend and Extend Bank Credit Agreement

BALTIMORE (December 12, 2016) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), intends to amend certain terms and extend the maturity date of certain loans under its existing bank credit facility. 

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Sinclair Promotes John Solomon To Chief Operating Officer Of Circa

NEWS RELEASE

Contact: Scott Livingston, Vice President of News
(410) 568-1500

SINCLAIR PROMOTES JOHN SOLOMON TO CHIEF OPERATING OFFICER OF CIRCA

Baltimore, MD (December 12, 2016) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the “Company”) announces the promotion of John Solomon to Chief Operating Officer of Circa from Chief Creative Officer. Circa is the Company’s mobile-friendly, video-driven news and entertainment brand launched in July of 2016. Mr. Solomon will report into Scott Livingston, Vice President of News for Sinclair.

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Sinclair Announces Production Efficiencies For Toledo Station

News Release

Contact: Scott Livingston, Vice President of News
                (410) 568-1500

SINCLAIR ANNOUNCES PRODUCTION EFFICIENCIES FOR TOLEDO STATION

    Toledo, OH (November 29, 2016) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that during the first quarter of 2017, the news production for WNWO (NBC24) in Toledo, OH will be reorganized in order to improve both the news product and production efficiencies.  All of the local news content will continue to be covered by local reporters and will be produced in Toledo, but the technical aspects of the newscast will be handled by staff at Sinclair’s South Bend, Indiana station. The master control for WNWO by which content is readied for broadcast and commercials are inserted, will also be handled out of South Bend.

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Sinclair Announces Executive Changes

News Release

SINCLAIR ANNOUNCES EXECUTIVE CHANGES

Baltimore, MD (November 11, 2016) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), one of the leading broadcasters in the country, announced the following executive changes which will become effective January 1, 2017:

 

  • David Amy from EVP & Chief Operating Officer to Vice Chairman.  Mr. Amy will have oversight for Human Resources, Corporate Marketing and our Networks Group.

 

  • Barry Faber from EVP & General Counsel to EVP, General Counsel, Distribution and Network Relations. Mr. Faber will be responsible for overseeing distribution and network partner relationships.

 

  • Steven Pruett from Co-Chief Operating Officer, Sinclair Television Group to EVP & Chief TV Development Officer.  Mr. Pruett will be responsible for developing new business models.

 

  • Steven Marks from Co-Chief Operating Officer, Sinclair Television Group to EVP & Chief Operating Officer, Sinclair Television Group.  Mr. Marks will assume direct oversight for all TV station operations.

 

  • Robert Malandra from SVP Television Finance to SVP Advanced Revenue Development & Analytics.  Mr. Malandra will be responsible for revenue analytics and revenue initiative implementations.

 

  • William Butler, SVP Promotions & Corporate Marketing, will be retiring March 2, 2017, at which time the promotions department will be headed by Dana Feldman, VP Promotions.

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Sinclair Declares $0.18 Per Share Quarterly Cash Dividend

News Release

Contact:   Lucy Rutishauser, SVP Corporate Finance & Treasurer

                (410) 568-1592

SINCLAIR DECLARES $0.18 PER SHARE QUARTERLY CASH DIVIDEND

    BALTIMORE (November 2, 2016) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share on the Company’s Class A and Class B common stock.  The dividend is payable on December 15, 2016, to the holders of record at the close of business on December 1, 2016.

   Sinclair is one of the largest and most diversified television broadcasting companies in the country. Including pending transactions, the Company owns, operates and/or provides services to 173 television stations in 81 markets, broadcasting 482 channels and having affiliations with all the major networks. Sinclair is the leading local news provider in the country, as well as a producer of live sports content. Sinclair’s content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms. 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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Sinclair Reports Third Quarter 2016 Financial Results

News Release

Contact: Chris Ripley, Chief Financial Officer
Lucy Rutishauser, SVP-Corporate Finance & Treasurer
(410) 568-1500

SINCLAIR REPORTS THIRD QUARTER 2016 FINANCIAL RESULTS

  • REPORTS $0.54 DILUTED EARNINGS PER SHARE
  • DECLARES $0.18 QUARTERLY DIVIDEND PER SHARE
BALTIMORE (November 2, 2016) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or
“Sinclair,” today reported financial results for the three and nine months ended September 30, 2016.

“Although industry political ad spending for 2016 has not been at the levels anticipated coming into the year due to the unique nature of this year’s presidential election and certain contested senate races not materializing, our core advertising nonetheless grew slightly in the third quarter, despite the crowding-out impact of political on our normal advertisers,” commented David Smith, President and CEO of Sinclair. “We continued opportunistic share repurchases to capitalize on what we believe to be a discount in our stock. Year-to-date, we have repurchased almost 4.5 million shares or 6.5% of the float. Combined with our full year quarterly dividends and scheduled debt amortization, return of capital to shareholders and debt repayments would represent almost half of our expected discretionary 2016 cash flow.”

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Sinclair Announces Executive Promotions And Changes

News Release

SINCLAIR ANNOUNCES EXECUTIVE PROMOTIONS AND CHANGES

Baltimore, MD (November 2, 2016) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), one of the leading broadcasters in the country, announced the following executive promotions and changes which will become effective January 1, 2017:

• David Smith from Chairman, President & Chief Executive Officer to Executive Chairman. Mr. Smith will have direct oversight of the development, implementation and globalization of the Next Generation Broadcast Platform (ATSC 3.0) and expansion of our news franchise. Mr. Smith will also be directly involved with public policy as it relates to the broadcast industry.

• Christopher Ripley from Chief Financial Officer to President & Chief Executive Officer. Mr. Ripley will oversee and manage the Company’s business and operations. Mr. Ripley will report to the Board of Directors.

• Lucy Rutishauser from SVP Corporate Finance & Treasurer to SVP Chief Financial Officer & Treasurer. Ms. Rutishauser will have direct oversight of the Company’s treasury, accounting, tax, finance, business intelligence & analytics, investor relations and corporate communications departments.

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