Sinclair Closes Private Offering of Senior Unsecured Notes and Completes Redemption of 6.375% Notes

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

Sinclair Closes Private Offering of Senior Unsecured Notes and Completes Redemption of 6.375% Notes

    BALTIMORE (August 30, 2016) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), has closed its private offering of $400 million aggregate principal amount of 5.125% senior unsecured notes due 2027 (the “5.125% Notes”).  The 5.125% Notes were priced at 100% of their par value and will bear interest at a rate of 5.125% per annum payable semi-annually on February 15 and August 15, commencing February 15, 2017.

Read more…Bond August 2016 closing

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Sinclair Prices Private Offering of Senior Unsecured Notes

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

Sinclair Prices Private Offering of Senior Unsecured Notes

    BALTIMORE (August 15, 2016) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), has priced its previously announced private offering of senior unsecured notes due 2027 (the “Notes”).  The aggregate principal amount of Notes in the offering was upsized from $350 million to $400 million. The Notes were priced at 100% of their par value and will bear interest at a rate of 5.125% per annum payable semi-annually on February 15 and August 15, commencing February 15, 2017.  This private placement of Notes is conditioned on customary closing conditions and is expected to close on August 30, 2016. 

Read more…Bond August 2016 pricing_with upsize

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Sinclair Announces Redemption of 6.375% Senior Unsecured Notes

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

Sinclair Announces Redemption of 6.375% Senior Unsecured Notes

    BALTIMORE (August 15, 2016) – Sinclair Broadcast Group, Inc. (”Sinclair” or the “Company”) (Nasdaq: SBGI) announced that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), has notified the trustee for its 6.375% Senior Unsecured Notes due 2021 (CUSIP Nos. 829259AP5 and 829259AQ3) (the “Notes”) that it will redeem, in full, STG’s outstanding $350.0 million aggregate principal amount of Notes on August 30, 2016 (the “Redemption Date”).  The redemption will be effected in accordance with the terms of the indenture governing the Notes and is conditioned upon the closing of STG’s proposed private offering of $350.0 million aggregate principal amount of senior unsecured notes announced today.  The redemption price will be equal to the sum of 100% of the principal amount of Notes outstanding, a make-whole premium which will be calculated two business days prior to the Redemption Date in accordance with the terms of the indenture governing the Notes (currently estimated to be approximately 5.675%), and accrued and unpaid interest on the principal amount being redeemed up to, but not including, the Redemption Date.

Read more…Redemption August 2016_8-15-16

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Sinclair Announces Private Offering of Senior Unsecured Notes of Sinclair Television Group

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

Sinclair Announces Proposed Private Offering of Senior Unsecured Notes of Sinclair Television Group

BALTIMORE (August 15, 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 offer in a private placement, subject to market conditions and other factors, $350.0 million aggregate principal amount of Senior Unsecured Notes (the “Notes”).  The Notes are expected to mature in 2027 and to initially be guaranteed by Sinclair and certain of Sinclair’s subsidiaries.  The offering is conditioned on customary closing conditions.

Read more…Bond August 2016 launch

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Sinclair Broadcast Group Sponsors the 2016 National Association of Black Journalists and National Association of Hispanic Journalist Convention

FOR IMMEDIATE RELEASE
Sinclair Broadcast Group Sponsors the 2016 National Association of Black Journalists and National Association of Hispanic Journalist Convention

WASHINGTON, D.C. (August 5, 2016) – Sinclair Broadcast Group is proud to announce it partnered with the National Association of Black Journalists (NABJ) and National Association of Hispanic Journalists (NAHJ) for their 2016 convention in Washington, D.C.

Sinclair sponsored the professional development learning lab titled “Building Your Brand: How to Use Social Media to Become a Better Journalist and Stand Out at Your News Organization.” This all-day learning lab featured three dynamic morning panel discussions and two hands-on afternoon breakout sessions: one for journalists who need basic help boosting their social media profile and one for more seasoned social media users. Attendees received indispensable lessons about how to post to social media, how to grow followers and “likes” on the platforms and how to go from good to great on their accounts.

“There was something for everyone. If you had an egg as a profile pic on Twitter, we helped. If you had 1,000 followers and you were looking to double them, we equipped you with the info to succeed,” said Manny Fantis, Sinclair’s Director of Digital and National News Content.

“This is an ideal opportunity for our representatives to enhance relationships with Black and Hispanic journalists from across the country,” said Scott Livingston, Sinclair’s Vice President of News. “We are pleased to continue to partner with associations like NABJ and NAHJ that continuously promote and encourage the careers of journalists nationwide.” Sinclair also participated in the convention’s career fair and was pleased to have met and interviewed over a hundred journalists and media professionals.

The joint NABJ and NAHJ conference will conclude August 7, 2016 at the Washington Marriott Wardman Park Hotel. More than 4,000 journalists, media executives, public relations professionals and students are expected to attend.

The National Association of Black Journalists is an advocacy group established in 1975 in Washington, D.C. NABJ is the largest organization for journalists of color in the nation, and provides career development as well as educational and other support to its members worldwide. The National Association of Hispanic Journalists (NAHJ) is dedicated to the recognition and professional advancement of Hispanics in the news industry.

About Sinclair Broadcast Group
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 172 television stations in 81 markets, broadcasting 478 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.

For press inquiries, contact:
Nancy Hughes
(410) 891-3443
###


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Sinclair Broadcast Group Enters Into Retransmission Consent Agreement With Comcast

News Release

Contact:   Barry Faber, EVP & General Counsel
                  (410) 568-1500

SINCLAIR BROADCAST GROUP ENTERS INTO RETRANSMISSION CONSENT AGREEMENT WITH COMCAST

    Baltimore, MD (August 3, 2016) – Sinclair Broadcast Group, Inc. (Nasdaq:  SBGI), (the “Company,” “Sinclair”) announced that it has entered into a multi-year agreement with Comcast Cable for the carriage of the Company’s broadcast television stations.   

Read more…Comcast Retrans 2016

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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 (August 3, 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 September 15, 2016, to the holders of record at the close of business on September 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 484 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 Second Quarter 2016 Financial Results

News Release

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

SINCLAIR REPORTS SECOND QUARTER 2016 FINANCIAL RESULTS

• REPORTS $0.52 DILUTED EARNINGS PER SHARE
• DECLARES $0.18 QUARTERLY DIVIDEND PER SHARE

    BALTIMORE (August 3, 2016) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the “Company” or “Sinclair,” today reported financial results for the three and six months ended June 30, 2016. 

 “As the leading television broadcaster, we continue to deliver financially and operationally,” commented David Smith, President and CEO of Sinclair.  “Not only did we exceed our expectations for our key financial metrics during the second quarter, but we also have made significant progress in expanding distribution and content.  Specifically, we launched Circa, the innovative news and entertainment website aimed at the new generation of news consumers.  In just its first week of launch, Circa had over 7 million video views.  As the largest local news producer in the country, we are particularly proud of the 163 news awards won by our stations so far this season, and especially the prestigious Edward R. Murrow award earned by WJLA (ABC7 in Washington D.C.) for excellence in electronic journalism. This is a testament to our commitment to produce quality news coverage for our viewers. We also entered into agreements to renew our FOX affiliation agreements.” 

Read more…Q2 16 _FINAL

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Sinclair Joins White House Effort On Drone Innovation, Leads Broadcast Industry In Using Drones For Newsgathering

FOR IMMEDIATE RELEASE


SINCLAIR JOINS WHITE HOUSE EFFORT ON DRONE INNOVATION,
LEADS BROADCAST INDUSTRY IN USING DRONES FOR NEWSGATHERING

WASHINGTON, DC (August 2, 2016) – Sinclair Broadcast Group, Inc. today joined leaders in government and industry to examine the commercial applications for unmanned aircraft systems.   Sinclair was the only broadcaster to be invited to the White House workshop, “Drones and the Future of Aviation.”

At the event, Sinclair committed to support drone safety through the “Know Before You Fly” campaign by broadcasting public service announcements on its stations nationwide.  The “Know Before You Fly” campaign was created by the Association for Unmanned Vehicle Systems International (AUVSI) and the Academy of Model Aeronautics (AMA) in partnership with the Federal Aviation Administration (FAA) to educate prospective users about the safe and responsible operation of drones.

Read more…Press Release White House Drone Event August 2016 FINAL

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Sinclair Enters Into Affiliation Agreements With Fox

News Release

Contact:  Barry Faber, EVP & General Counsel
          (410) 568-1500

   
SINCLAIR ENTERS INTO AFFILIATION AGREEMENTS WITH FOX

    BALTIMORE (August 2, 2016) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the “Company” or “Sinclair”) announced that it has entered into agreements with the Fox Broadcasting Company (“FOX”) for the renewal of the Fox affiliations in five Sinclair markets that expired December 31, 2015 and in five markets that expired June 30, 2016.  The FOX affiliations were also renewed in three markets by the licensees of stations that Sinclair provides sales and other services to under joint sales agreements.  The markets being renewed are listed below.  The Company’s remaining FOX affiliation agreements (including stations to which Sinclair provides services) do not expire until sometime in 2017. 

Read more…FOX Renewal 2016

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