8-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

Form 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (D)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest	Commission File Number 000-26076
event reported)  January 2, 2003

SINCLAIR BROADCAST GROUP, INC.
(Exact name of registrant)

Maryland	52-1494660
(State of organization)	(I.R.S. Employer Identification Number)

10706 Beaver Dam Road
Cockeysville, MD  21030
(Address of principal executive offices and zip code)

(410) 568-1500
(Registrant’s telephone Number)

SINCLAIR BROADCAST GROUP, INC.

Item 7.  Financial Statements and Exhibits

No financial statements are filed as part of this report.

The following exhibit is filed as part of this report:

Exhibit  99.1  Sinclair Broadcast Group, Inc.  Press Release (Dated January 2, 2003) —Sinclair Makes $18 Million Deposit on Non-License Assets of WNAB-TV in Nashville

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SINCLAIR BROADCAST GROUP, INC.
	By:	/s/ David Bochenek
	Name:	David Bochenek
	Title:	Chief Accounting Officer/Controller
Dated: January 3, 2003

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EX-99.1

Exhibit 99.1

News Release

Contact:	David Amy, EVP & CFO
	Lucy Rutishauser, VP Corporate Finance & Treasurer
	(410) 568-1500

SINCLAIR MAKES $18 MILLION DEPOSIT ON NON-LICENSE
ASSETS OF WNAB-TV IN NASHVILLE

                BALTIMORE (January 2, 2003) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that it has entered into a Modification Agreement with Nashville Broadcasting Limited Partnership (NBLP), owner of WNAB-TV (WB 58) in Nashville, Tennessee, which Sinclair, through its outsourcing agreement dated May 1, 2002, provides certain sales, administrative and technical services.  Sinclair currently owns WZTV-TV (FOX 17) and WUXP-TV (UPN 30) in Nashville.

                Under the terms of the agreement, Sinclair has made an $18 million non-refundable deposit against the purchase price of the put or call option on the non-license assets of WNAB in return for a reduction in the monthly fees Sinclair pays pursuant to the outsourcing agreement.  Sinclair is also providing a financial incentive in the form of a broadcast cash flow sharing with NBLP. The transaction is expected to save Sinclair approximately $1.3 million in annual operating expenses.

                Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies, owns and operates, programs or provides sales services to 62 television stations in 39 markets.  Sinclair’s television group includes FOX, WB, ABC, CBS, NBC, and UPN affiliates and reaches approximately 24.0% of all U.S. television households.  For more information, please visit Sinclair’s website at www.sbgi.net.

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