Sinclair Closes on Sale of WEMT-TV in Tri-Cities

Sinclair Closes on Sale of WEMT-TV in Tri-Cities

BALTIMORE, Feb. 8 /PRNewswire-FirstCall/ -- Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) announced that it has closed on its previously announced sale of WEMT-TV (FOX 39) in the Tri-Cities market (Bristol, VA, Bristol, TN, Johnson City, TN, Kingsport, TN) to Aurora Broadcasting, Inc. In May 2005, the Company announced that it had entered into an agreement to sell the station for $7.0 million. Of the $7.0 million sales price, $5.6 million for the sale of the non-license assets closed in May 2005 to BlueStone Television Inc., who has been operating the station pursuant to a joint sales and shared services agreement, pursuant to which BlueStone provides certain non- programming related sales, operational and administrative services to WEMT-TV. The remaining $1.4 million sales price for the license assets, which was subject to the Federal Communications Commission's approval, closed and funded today to Aurora Broadcasting, Inc.

Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies, currently owns and operates, programs or provides sales services to 59 television stations in 36 markets. Sinclair's television group reaches approximately 22% of U.S. television households and includes ABC, CBS, FOX, NBC, WB, and UPN affiliates. Sinclair owns a majority equity interest in G1440, Inc., an Internet consulting and development company, and Acrodyne Communications, Inc., a manufacturer of transmitters and other television broadcast equipment.

Source: Sinclair Broadcast Group, Inc.

CONTACT: David Amy, EVP & CFO, or Lucy Rutishauser, Treasurer, both of
Sinclair Broadcast Group, Inc., +1-410-568-1500

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

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

-------
Profile: intent