BALTIMORE and ATLANTA, June 5 /PRNewswire-FirstCall/ -- Cox
Communications, Inc. and Sinclair Broadcast Group, Inc. (Nasdaq: SBGI),
announced today that they have reached a 4-year retransmission consent
agreement, including high-definition programming. The agreement provides
for the carriage by cable systems owned by Cox of nine television station
signals in six markets owned by Sinclair, servicing approximately 1.25
million unique subscribers.
"With this transaction, Sinclair has now completed long-term
retransmission consent agreements with all major multiple system operators
in our markets, ensuring cable subscribers in our markets will continue to
receive some of the most popular programs on television," stated David
Smith, President and CEO of Sinclair. "Our agreement with Cox, which
includes mutually acceptable economic arrangements and an exchange of
value, again demonstrates the value of broadcast television to alternative
delivery systems."
The following stations are included in the agreement:
Las Vegas, NV: KVMY/KVCW
Oklahoma City, OK: KOKH/KOCB
Pensacola, FL/Mobile, AL: WEAR/WFGX
Norfolk, VA: WTVZ
Richmond, VA: WRLH
Springfield, MA: WGGB
About Sinclair Broadcast Group, Inc.:
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.
About Cox Communications:
Cox Communications is a multi-service broadband communications and
entertainment company with more than 6 million total residential and
commercial customers. The third-largest cable television company in the
United States, Cox offers an array of advanced digital video, high-speed
Internet and telephony services over its own nationwide IP network, as well
as integrated wireless services in partnership with Sprint. Cox Business
Services is a full-service, facilities-based provider of communications
solutions for commercial customers, providing high-speed Internet, voice
and long distance services, as well as data and video transport services
for small to large- sized businesses. Cox Media offers national and local
cable advertising in traditional spot and new media formats, along with
promotional opportunities and production services. More information about
the services of Cox Communications, a wholly owned subsidiary of Cox
Enterprises, is available at http://www.cox.com ,
http://www.coxbusiness.com , and http://www.coxmedia.com. Cox
Communications wholly owns and operates the Travel Channel.
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.
 back to top
Related links:
http://www.sbgi.net
http://www.prnewswire.com/comp/110203.html /
CONTACT:
Barry Faber, VP & General Counsel of Sinclair
Broadcast Group, Inc., +1-410-568-1500; or David Grabert,
Director of Media Relations of Cox Communications, Inc.,
+1-404-269-7054
|
