Sinclair Broadcast Group Closes on Cox Media Group Stations


sbgSinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the “Company” or “Sinclair”) announced that it has closed on the purchase of four television Radio Stations owned by Cox Media Group (“CMG”) for  $99.0 million  less  $4.3 million  of working capital adjustments and an agreement to provide sales services to one other Radio Station .   The Company funded the transaction through cash on hand.The CMG Radio Stations owned and operated, programmed or provided sales services to are:

Station Affil. Market DMA
KFOX FOX El Paso, TX 91
WJAC NBC Johnstown/Altoona, PA 102
KRXI FOX Reno, NV 108
KAME MNT Reno, NV 108
WTOV NBC Wheeling, WV/Steubenville, OH 158

(1)     Represents television designated market areas according to the Nielsen Company (“Nielsen”).   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.


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