Sinclair Broadcast And DirecTV Reach Agreement
Feb 28, 2013 - by Steve Gerweck
BALTIMORE, Feb. 28, 2013 /PRNewswire/ – Sinclair Broadcast Group, Inc. (NASDAQ:SBGI), the “Company” or “Sinclair,” is pleased to announce that it has reached agreement with DirecTV on a new retransmission consent agreement and has entered into a short-term extension of its existing agreement in order to allow the parties to enter into a formal agreement. As a result, DirecTV will continue to carry all of our stations. We thank our viewers for their patience and support during these negotiations.
Pro forma for pending transactions, Sinclair Broadcast Group, Inc., the largest and one of the most diversified, independent television broadcasting companies, owns and operates, programs or provides sales services to 112 television stations in 61 markets. Sinclair’s television group reaches approximately 29.8% of U.S. television households and is affiliated with all major networks. The Company regularly uses its website as a key source of Company information and can be accessed at www.sbgi.net.