BALTIMORE AND ST. LOUIS, April 12 /PRNewswire-FirstCall/ -- Charter
Communications, Inc. (Nasdaq: CHTR) and Sinclair Broadcast Group, Inc.
(Nasdaq: SBGI), announced today that they have reached a 3-year
retransmission consent agreement, including high-definition programming.
The agreement, which expires March 31, 2010, provides for the carriage of
28 television station signals in 19 markets owned or operated by Sinclair
and servicing approximately 1.9 million unique subscribers.
"Sinclair is pleased to have once again taken a leadership role in
working with multi-channel video distributors, such as Charter, to ensure
cable subscribers in our markets continue to receive some of the most
popular programs on television," commented David Smith, President and CEO
of Sinclair. "Our mutually acceptable economic agreement with Charter
demonstrates the value of broadcast television on alternative delivery
systems."
"Charter's priority is to provide our customers value and choice
through a broad array of programming, packages and enhanced services," said
Cathy Fogler, Vice President of Video Programming and Product Management.
"We're pleased to have reached an agreement with Sinclair that provides us
the right to continue to deliver programming offered by Sinclair's owned or
operated stations, and gives us the opportunity to expand high-definition
programming to our customers."
The following stations are included in the agreement:
Asheville, NC/Anderson, SC: WLOS/WMYA
Birmingham, AL: WABM/WTTO
Cape Girardeau, MO/Paducah, KY: WDKA/KBSI
Cedar Rapids, IA: KGAN
Columbus, OH: WSYX/WTTE
Dayton, OH: WKEF
Flint, MI: WSMH
Greensboro/High Point/Winston Salem, NC: WXLV
Madison, WI: WMSN
Milwaukee, WI: WCGV/WVTV
Minneapolis, MN: WUCW
Nashville, TN: WZTV/WUXP/WNAB
Norfolk, VA: WTVZ
Raleigh, NC: WLFL/WRDC
Richmond, VA: WRLH
Springfield. MA: WGGB
Springfield/Champaign, IL: WICS/WICD
St. Louis, MO: KDNL
Tallahassee, FL: WTWC
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.
Charter Communications, Inc. is a leading broadband communications
company and the third-largest publicly traded cable operator in the United
States. Charter provides a full range of advanced broadband services,
including advanced Charter Digital(R) video entertainment programming,
Charter High- Speed(TM) Internet access service, and Charter Telephone(TM)
services. Charter Business(TM) similarly provides scalable, tailored and
cost-effective broadband communications solutions to business
organizations, such as business-to-business Internet access, data
networking, video and music entertainment services and business telephone.
Charter's advertising sales and production services are sold under the
Charter Media(R) brand. More information about Charter can be found at
http://www.charter.com.
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.
SOURCE Sinclair Broadcast Group, Inc.
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Related links:
http://www.sbgi.net
http://www.charter.com
http://www.prnewswire.com/comp/110203.html/
CONTACT:
Barry Faber, VP & General Counsel of Sinclair
Broadcast Group, Inc., +1-410-568-1500, or Anita Lamont of
Charter Communications, Inc., +1-314-543-2215
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