Sinclair Announces Dividends on Series D Convertible Exchangeable Preferred Stock

Sinclair Announces Dividends on Series D Convertible Exchangeable Preferred Stock

BALTIMORE, May 13 /PRNewswire-FirstCall/ -- Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) today announced that its Board of Directors has declared a regular quarterly dividend of $0.75 per share on its Series D Convertible Exchangeable Preferred Stock. The dividends are payable on June 15, 2005 to the holders of record of Series D Convertible Exchangeable Preferred Stock at the close of business on June 1, 2005. The Series D Preferred Stock is traded on the Nasdaq National Market System under the symbol "SBGIP" (CUSIP Number 829226505). The Series D Preferred Stock will trade ex-dividend on May 27, 2005.

Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies, owns and operates, programs, or provides sales services to 61 television stations in 38 markets. Sinclair's television group includes FOX, WB, ABC, CBS, NBC, and UPN affiliates and reaches approximately 23% of all U.S. television households. For more information, please visit Sinclair's website at http://www.sbgi.net/.

Source: Sinclair Broadcast Group, Inc.

CONTACT: Lucy Rutishauser, VP-Corporate Finance & Treasurer, Sinclair
Broadcast Group, +1-410-568-1500

Web site: http://www.sbgi.net/

Company News On-Call: http://www.prnewswire.com/comp/110203.html

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