Sinclair to Increase Bank Credit Facility

Sinclair to Increase Bank Credit Facility

BALTIMORE, Nov. 27 /PRNewswire-FirstCall/ -- Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) announced today that it intends to amend certain terms of, and increase its borrowing capacity by $225 million under, its existing $275 million bank credit facility. The Company intends to use the increased availability under the bank credit facility to redeem the Company's 8.75% senior subordinated bonds due 2011. There can be no assurance that the Company will be successful in amending and increasing the bank credit facility.

This announcement is not an offer to purchase or a solicitation of an offer to purchase any securities.

Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies, owns and operates, programs, or provides sales services to 58 television stations in 36 markets. Sinclair's television group is affiliated with all the major broadcast networks and reaches approximately 22% of all U.S. television households.

Forward-Looking Statements:

The matters discussed in this press release include forward-looking statements regarding, among other things the amendment of the Company's bank credit facility and the Company's intention to redeem the 8.75% senior subordinated notes. When used in this press release, the words "intends to," "anticipates," "expects," and similar expressions are intended to identify forward-looking statements. Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including the impact of changes in national and regional economies, changes in the interest rate environment, other credit facility market conditions, the ability to successfully syndicate the bank credit facility and the other risk factors set forth in the Company's most recent reports on Form 10-Q and Form 10-K, as filed with the Securities and Exchange Commission. There can be no assurances that the assumptions and other factors referred to in this release will occur. The Company undertakes no obligation to update these forward-looking statements except as required by law.

First Call Analyst: Lucy Rutishauser
FCMN Contact:

Source: Sinclair Broadcast Group, Inc.

CONTACT: David Amy, EVP & CFO, or Lucy Rutishauser, VP & Treasurer, both
of 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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