PR Newswire: news distribution, targeting and monitoring
2014

Sinclair Broadcast Group Closes On Acquisition Of Fisher Communications, Inc.

Share with Twitter Share with LinkedIn

BALTIMORE, Aug. 8, 2013 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) ("Sinclair") announced today that it has closed on its previously announced acquisition of Fisher Communications, Inc. valued at approximately $373.3 million, less acquired working capital.    

(Logo: http://photos.prnewswire.com/prnh/20100119/PH39783LOGO)

Under the terms of the agreement, Fisher shareholders received $41.00 in cash for each share of Fisher common stock they owned.  The transaction represented a 44% premium to the closing price of Fisher common stock on January 9, 2013, the final trading day prior to Fisher announcing a review of strategic alternatives.

The Fisher television stations covered by the transaction are:

Station

Affil.

Market

DMA1

KOMO

ABC/This TV

Seattle-Tacoma, WA

12

KUNS

Univision/Mundo Fox

Seattle-Tacoma, WA

12

KATU

ABC/Me TV

Portland, OR

22

KUNP

Univision/Mundo Fox

Portland, OR

22

KLEW

CBS

Spokane, WA

73

KBOI

CBS/CW

Boise, ID

111

KYUU

CW

Boise, ID

111

KVAL

CBS/This TV

Eugene, OR

121

KCBY

CBS

Eugene, OR

121

KPIC

CBS

Eugene, OR

121

KMTR

NBC/CW

Eugene, OR

121

KMCB

NBC

Eugene, OR

121

KTCW

NBC

Eugene, OR

121

KIMA

CBS/CW

Yakima-Pasco-Richland-Kennewick, WA

123

KEPR

CBS/CW

Yakima-Pasco-Richland-Kennewick, WA

123

KUNW

Univision

Yakima-Pasco-Richland-Kennewick, WA

123

KVVK

Univision

Yakima-Pasco-Richland-Kennewick, WA

123

KORX

Univision

Yakima-Pasco-Richland-Kennewick, WA

123

KBAK

CBS

Bakersfield, CA

126

KBFX

FOX/This TV

Bakersfield, CA

126

KIDK

CBS/FOX

Idaho Falls-Pocatello, ID

160

KXPI

FOX

Idaho Falls-Pocatello, ID

160





1 DMA represents television designated market areas according to the Nielsen Company.
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. MSA represents radio metropolitan statistical
areas according to Arbitron Inc.


 

The Fisher radio stations covered by the transaction are:                                                 

MSA



KOMO

1000 AM (news)

Seattle-Tacoma, WA

13

KOMO

97.7 FM (news)

Seattle-Tacoma, WA

13

KPLZ

101.5 FM (contemporary)

Seattle-Tacoma, WA

13

KVI

570 AM (talk)

Seattle-Tacoma, WA

13





About Sinclair:
On a pro forma basis assuming consummation of all previously announced acquisitions, Sinclair Broadcast Group, Inc., the largest and one of the most diversified television broadcasting companies in the U.S., will own and operate, program or provide sales services to 149 television stations in 76 markets.  Sinclair's television group will reach approximately 38.2% (21.9% for purposes of the 39% FCC ownership cap) of U.S. television households and will be affiliated with all major networks.  Sinclair's television portfolio will include 33 FOX, 27 ABC, 25 CBS, 23 CW, 20 MNT,14 NBC, 5 Univision, one Azteca and one independent station.  Sinclair owns equity interests in various non-broadcast related companies.  The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net

 

SOURCE Sinclair Broadcast Group, Inc.



RELATED LINKS
http://www.sbgi.net

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release