Sinclair Broadcast Group Closes On Acquisition Of The Titan Stations

BALTIMORE, Oct. 3, 2013 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the "Company" or "Sinclair") announced that it has closed on its previously announced acquisition of the stock and broadcast assets of four television stations owned by TTBG LLC ("Titan") for an aggregate purchase price of $115.35 million.  Sinclair also assumed Titan's agreements to provide sales and other services to two other stations, KXVO in Omaha, NE and KMEG in Sioux City, IA.  The Company funded the transaction through cash on hand.

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The Titan stations owned and operated, programmed or to which sales services will be provided are:

(1) Represents television designated market areas ("DMA") according to the Nielsen Company.  The numbers in the column represent the ranking in terms of size of the DMA out of the 210 generally recognized DMAs in the United States.

About Sinclair: 
On a pro forma basis assuming consummation of all previously announced acquisitions, Sinclair Broadcast Group, Inc., the largest and one of the most diversified television broadcasting companies in the U.S., will own and operate, program or provide sales services to 162 television stations in 77 markets.  Sinclair's television group will reach approximately 38.7% (24.3% for purposes of the 39% FCC ownership cap) of U.S. television households and will be affiliated with all major networks.  Sinclair's television portfolio will include 38 FOX, 29 ABC, 26 CBS, 25 CW, 22 MNT,15 NBC, 5 Univision, one Azteca and one independent station.  Sinclair owns equity interests in 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.

SOURCE Sinclair Broadcast Group, Inc.