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
event reported)  June 20, 2003 Commission File Number 000-26076

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 5.  Other Events

On June 20, 2003, KDSM, Inc., a Maryland corporation and a subsidiary of Sinclair Broadcast Group, Inc. merged with and into KDSM LLC, a Maryland limited liability company.  KDSM LLC was the surviving entity of that merger and is the successor to KDSM, Inc.

Also on June 20, 2003, Sinclair Broadcast Group, Inc. a Maryland corporation and the indirect parent of KDSM LLC and Sinclair Capital a Delaware business trust announced the redemption of the 11.625% High Yield Trust Originated Preferred Securities as described in the attached press release.

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 June 20, 2003) – Sinclair Announces Redemption Of 11.625% High Yield Trust Originated Preferred Securities Due 2009

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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 R. Bochenek
	Name:		David R. Bochenek
	Title:		Chief Accounting Officer/Controller
Dated: June 24, 2003

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EX-99.1

Exhibit 99.1

News Release

Contact:    David Amy, EVP & Chief Financial Officer

Lucy Rutishauser, VP Corporate Finance & Treasurer

(410) 568-1592

SINCLAIR ANNOUNCES REDEMPTION OF 11.625% HIGH YIELD
TRUST ORIGINATED PREFERRED SECURITIES DUE 2009

BALTIMORE (June  20, 2003) – Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that the Trustee for Sinclair Capital, a subsidiary Delaware Business Trust of Sinclair Broadcast Group, Inc., will redeem, in full, the aggregate principal amount of the 11.625% High Yield Trust Originated Preferred Securities (HYTOPS), plus the associated 4.65% call premium and accrued interest thereon, on July 21, 2003 (the “Redemption Date”).

The HYTOPS redemption will be funded from Sinclair Broadcast Group’s recent private placements of $150 million aggregate principal amount of Convertible Senior Subordinated Notes due 2018 and $100 million aggregate principal amount of 8.0% Senior Subordinated Notes due 2012.

This announcement is not an offer to purchase or a solicitation of an offer to sell any securities.  The HYTOPS redemption will be made pursuant to the terms applicable to the HYTOPS.

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.

Forward-Looking Statements:

The matters discussed in this press release include 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 the impact of changes in national and regional economies and the credit markets and the risk factors set forth in the Company’s most recent reports on Form 10-K, as amended, and Form 10-Q 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.

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