Sinclair Broadcast Group Announces $1,000 Special Bonus as a Result of Tax Reform

News Release

Contact: Lucy Rutishauser, SVP CFO
(410) 568-1500

SINCLAIR BROADCAST GROUP ANNOUNCES $1,000 SPECIAL BONUS AS A RESULT OF TAX REFORM


Baltimore, MD (December 22, 2017) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), (the “Company,” “Sinclair”) announced that, as a result of tax reform legislation, it will pay a special $1,000 bonus to almost 9,000 full-time and part-time regular employees at all of its stations and subsidiaries, excluding senior level executives.

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Sinclair Broadcast Group Enters into Retransmission Consent Agreement, Tennis Channel Carriage Agreement with NCTC

News Release

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

SINCLAIR BROADCAST GROUP ENTERS INTO RETRANSMISSION CONSENT AGREEMENT, TENNIS CHANNEL CARRIAGE AGREEMENT WITH NCTC

Baltimore, MD (December 21, 2017) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), (the “Company,” “Sinclair”) announced that it has reached agreement with the National Cable Television Cooperative (“NCTC”), which allows NCTC’s member companies to opt into a multi-year retransmission consent agreement. The agreement also provides for carriage of Sinclair owned Tennis Channel. NCTC has over 850 independent cable/broadband operator members, and negotiating carriage agreements with content providers is among the many services it provides. In Sinclair’s markets, NCTC represents over 2 million ABC, CBS, NBC and FOX subscribers, and approximately 700,000 CW and MYTV subs.

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Sinclair Responds to FCC Notice of Apparent Liability

FOR IMMEDIATE RELEASE

 

SINCLAIR RESPONDS TO FCC NOTICE OF APPARENT LIABILITY

BALTIMORE, MD (December 21st, 2017) – Sinclair Broadcast Group, Inc. today acknowledged a Notice of Apparent Liability (“NAL”) from the FCC, which assesses a fine for apparently airing certain public service segments by the Huntsman Cancer Foundation about cancer prevention, treatments and cures, without certain sponsorship identification.

 Sinclair proudly supports the Cancer Foundation and its educational mission. Any absence of sponsorship identification in these public service segments was unintended and a result of simple human error.  After working to reach a reasonable settlement, we are disappointed by this NAL, which we believe is unreasonable, given the circumstances of our case and the absence of any viewer harm. We disagree with the FCC’s action and intend to contest this unwarranted fine.

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Sinclair Promotes Allison Aldridge To General Manager in the Greensboro/Winston Salem, North Carolina Market

News Release

Contact: Steve Marks, EVP & Chief Operating Officer
(813) 886-9882

SINCLAIR PROMOTES ALLISON ALDRIDGE TO GENERAL MANAGER IN THE GREENSBORO/WINSTON SALEM, NORTH CAROLINA MARKET

Greensboro, NC (December 20, 2017) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (“Sinclair”) named Allison Aldridge to General Manager of WXLV (ABC) and WMYV (MyNetworkTV) in the Greensboro/Winston Salem, North Carolina market. The announcement was made by Steve Marks, EVP & Chief Operating Officer of Sinclair’s television group.

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Sinclair Names Matt Bowman General Manager in New Bern/Greenville/ Jacksonville, North Carolina Market

News Release

Contact: Steve Marks, EVP & Chief Operating Officer
(813) 886-9882

SINCLAIR NAMES MATT BOWMAN GENERAL MANAGER IN NEW BERN/GREENVILLE/ JACKSONVILLE, NORTH CAROLINA MARKET

New Bern, NC (December 20, 2017) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (“Sinclair”) announced that Matt Bowman has been named General Manager of WCTI (ABC) in the New Bern/Greenville/ Jacksonville, North Carolina market. Mr. Bowman will also be responsible for the oversight of Sinclair’s provision of services to WYDO (FOX) under a joint sale agreement. The announcement was made by Steve Marks, EVP & Chief Operating Officer of Sinclair’s television group.

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Sinclair Raises Additional Term Loans and Amends Bank Credit Agreement

Contact: Lucy Rutishauser, SVP CFO
(410) 568-1500

Sinclair Raises Additional Term Loans and Amends Bank Credit Agreement

BALTIMORE (December 12, 2017) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), has raised new incremental term B loans and amended certain terms under its existing bank credit facility.

Sinclair raised $3.725 billion of new term B loans maturing 2024 and priced at LIBOR plus 2.50%. The proceeds from the term B loans, which will be drawn at closing, are expected to be used to purchase the outstanding shares of Tribune Media Company (“Tribune”), refinance certain of Tribune’s existing indebtedness, pay costs and expenses expected to be incurred in connection with the acquisition, and for general corporate purposes.

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Sinclair Names Rob Weisbord Chief Revenue Officer

News Release


SINCLAIR NAMES ROB WEISBORD CHIEF REVENUE OFFICER

Baltimore, MD (December 5, 2017) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), one of the leading broadcasters in the country, announced that Rob Weisbord has been named Chief Revenue Officer effective January 1, 2018. The announcement was made by Chris Ripley, President and Chief Executive Officer.

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Union Disclaims Interest in WICS in Springfield, Illinois

News Release

Contact: Jamie Dembeck, VP, Human Resources
(410) 568-1500

UNION DISCLAIMS INTEREST IN WICS IN SPRINGFIELD, ILLINOIS

Springfield, IL (Nov. 30, 2017) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that International Brotherhood of Electrical Workers (“IBEW”) Local Union Number 51 is no longer representing Sinclair employees that provide services to WICS (ABC 20). The union had represented 6 employees providing services to the station until its contract expired on Nov. 15, 2017.

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Sinclair to Raise Additional Term Loans and Amend Bank Credit Agreement

Contact: Chris Ripley, President & CEO
Lucy Rutishauser, SVP CFO
(410) 568-1500

Sinclair to Raise Additional Term Loans and Amend Bank Credit Agreement

BALTIMORE (November 27, 2017) – Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), intends to raise new incremental term B loans and amend certain terms under its existing bank credit facility.

Sinclair is seeking $3.725 billion of new incremental term B loans, maturing in 2024. The proceeds from the term B loans are expected to be used to purchase the outstanding shares of Tribune Media Company (“Tribune”), refinance certain of Tribune’s existing indebtedness, pay costs and expenses expected to be incurred in connection with the acquisition, and for general corporate purposes.

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Sinclair Broadcast and ONE Media Set To Deploy Next Gen TV

NEWS Release                    

Contact
Mark Aitken
(410) 568-1535
[email protected]
10706 Beaver Dam Road
Hunt Valley, MD 21030

Sinclair Broadcast and ONE Media Set to Deploy Next Gen TV

Company Embraces FCC New Guidelines

 

Hunt Valley, MD (November 16, 2017) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) and its subsidiary, ONE Media 3.0 (“ONE Media”), announced today their intention to fully deploy ATSC 3.0 (the “Next Generation TV” standard) on Sinclair’s stations nationwide pursuant to the FCC’s action today approving the new platform. 

Read more…Press Release Adoption of New Standard FINAL

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