BALTIMORE, June 3 /PRNewswire-FirstCall/ -- Sinclair Broadcast Group,
Inc. (Nasdaq: SBGI) announced today that they have reached agreement with
Insight Communications on a three-year extension of their existing analog
and digital carriage agreement. The extension, which relates to four
stations in three markets where Sinclair and Insight overlap, covers the
period of January 1, 2009 to December 31, 2011. Although Sinclair does not
disclose the dollar amount of consideration received from individual
multi-channel video program distributors, such as Insight, Sinclair
believes this extension, which provides Insight with certain VOD (video on
demand) rights, but which does not include an advertising component,
reflects an appropriate economic arrangement.
Barry Faber, Sinclair's Executive Vice President and General Counsel,
commented, "We applaud Insight's continued recognition of the changing
landscape for retransmission consent agreements and their far-sighted
willingness to serve their subscribers by entering into this extension. In
2005, Insight was one of the first large, cable companies to enter into a
retransmission consent agreement with Sinclair recognizing the value of our
stations' programming, and the VOD opportunities with our local news. We
believe the fact that this extension was negotiated and entered into six
months prior to maturity reflects the value our content brings to cable
subscribers and the increasingly competitive landscape to distribute our
content."
The stations and markets covered by the extension are:
WDKY (FOX 56) in Lexington, KY
WSYX (ABC 6) and WTTE (FOX 28) in Columbus, OH
WSTR (MNT 64) in Cincinnati, OH
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 35 markets. Sinclair's
television group reaches approximately 22% of U.S. television households
and includes FOX, ABC, CBS, NBC, MNT and CW affiliates.
SOURCE Sinclair Broadcast Group, Inc.
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Related links: http://www.sbgi.net
http://www.prnewswire.com/comp/110203.html/
CONTACT: Barry Faber, EVP & General Counsel of Sinclair Broadcast Group, Inc., +1-410-568-1500
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