Sinclair Broadcast Group and COX Communications Reach Retransmission Agreement
Sinclair Broadcast Group and COX Communications Reach Retransmission Agreement
BALTIMORE and ATLANTA, June 5 /PRNewswire-FirstCall/ -- Cox Communications, Inc. and Sinclair Broadcast Group, Inc. (NASDAQ:SBGI), announced today that they have reached a 4-year retransmission consent agreement, including high-definition programming. The agreement provides for the carriage by cable systems owned by Cox of nine television station signals in six markets owned by Sinclair, servicing approximately 1.25 million unique subscribers.
"With this transaction, Sinclair has now completed long-term retransmission consent agreements with all major multiple system operators in our markets, ensuring cable subscribers in our markets will continue to receive some of the most popular programs on television," stated David Smith, President and CEO of Sinclair. "Our agreement with Cox, which includes mutually acceptable economic arrangements and an exchange of value, again demonstrates the value of broadcast television to alternative delivery systems."
The following stations are included in the agreement:
Las Vegas, NV: KVMY/KVCW
Oklahoma City, OK: KOKH/KOCB
Pensacola, FL/Mobile, AL: WEAR/WFGX
Norfolk, VA: WTVZ
Richmond, VA: WRLH
Springfield, MA: WGGB
About Sinclair Broadcast Group, 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 58 television stations in 36 markets. Sinclair's television group reaches approximately 22% of the U.S. television households and is affiliated with all the major networks.
About Cox Communications:
Cox Communications is a multi-service broadband communications and entertainment company with more than 6 million total residential and commercial customers. The third-largest cable television company in the United States, Cox offers an array of advanced digital video, high-speed Internet and telephony services over its own nationwide IP network, as well as integrated wireless services in partnership with Sprint. Cox Business Services is a full-service, facilities-based provider of communications solutions for commercial customers, providing high-speed Internet, voice and long distance services, as well as data and video transport services for small to large- sized businesses. Cox Media offers national and local cable advertising in traditional spot and new media formats, along with promotional opportunities and production services. More information about the services of Cox Communications, a wholly owned subsidiary of Cox Enterprises, is available at http://www.cox.com/ , http://www.coxbusiness.com/ , and http://www.coxmedia.com/. Cox Communications wholly owns and operates the Travel Channel.
Sinclair Broadcast Group, Inc. Forward-Looking Statements:
The matters discussed in this press release include forward-looking statements regarding, among other things, future operating results. When used in this press release, the words "outlook," "intends to," "believes," "anticipates," "expects," "achieves," 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 and in addition to the assumptions identified herein this release, the impact of changes in national and regional economies, successful execution of outsourcing agreements, pricing and demand fluctuations in local and national advertising, volatility in programming costs, the market acceptance of new programming, the CW Television Network and MyNetworkTV programming, our news share strategy, our local sales initiatives, the execution of retransmission consent agreements 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 publicly release the result of any revisions to these forward-looking statements.
First Call Analyst:
FCMN Contact:
Source: Sinclair Broadcast Group, Inc.
CONTACT: Barry Faber, VP & General Counsel of Sinclair Broadcast Group,
Inc., +1-410-568-1500; or David Grabert, Director of Media Relations of Cox
Communications, Inc., +1-404-269-7054
Web site:
Company News On-Call:
http://www.prnewswire.com/comp/110203.html
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