-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QjR0vv0s2EjnS1mgPx9FFPqsVBz54D3kDCqHvol4gGKZeor36oQ66GHZKK+hFSyU l1RJZGaBauDxnx+5CWC/0Q== 0001104659-06-004061.txt : 20060126 0001104659-06-004061.hdr.sgml : 20060126 20060126125326 ACCESSION NUMBER: 0001104659-06-004061 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060124 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060126 DATE AS OF CHANGE: 20060126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SINCLAIR BROADCAST GROUP INC CENTRAL INDEX KEY: 0000912752 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 521494660 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26076 FILM NUMBER: 06552754 BUSINESS ADDRESS: STREET 1: 2000 WEST 41ST ST CITY: BALTIMORE STATE: MD ZIP: 21211 BUSINESS PHONE: 4104675005 MAIL ADDRESS: STREET 1: 2000 W 41ST ST CITY: BALTIMORE STATE: MD ZIP: 21211 8-K 1 a06-3646_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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) January 24, 2006

 

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)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-49(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

SINCLAIR BROADCAST GROUP, INC.

 

Item 8.01 Other Events

 

On January 24, 2006, Sinclair Broadcast Group, Inc. (the “Company”) announced via press release the Company’s comments on the WB and UPN network merger.  A copy of the Company’s press release is attached hereto as Exhibit 99.1.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit 99.1 Sinclair Press Release (dated January 24, 2006) Sinclair Comments on WB and UPN Network Merger Announcement.

 

2



 

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:

Vice President / Chief Accounting Officer

 

 

 

 

Dated: January 26, 2006

 

 

3


EX-99.1 2 a06-3646_1ex99d1.htm EXHIBIT 99

 

Exhibit 99.1

 

News Release

 

Contact:

David Amy, EVP & CFO

 

Lucy Rutishauser, Treasurer

 

(410) 568-1500

 

SINCLAIR COMMENTS ON WB AND UPN NETWORK MERGER
ANNOUNCEMENT
 

BALTIMORE (January 24, 2006) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) commented today on the announcements by Time Warner and CBS that they would be merging the WB and UPN Networks, respectively, come September of this year into a new network, the CW Television Network.

 

“We are not surprised with the news of the WB and UPN network merger as both have struggled to achieve meaningful ratings success,” commented David Smith, President and CEO of Sinclair Broadcast Group.  “We believe CBS’s vested interest in the television station business bodes well for the long term success of the venture.  For Sinclair, this announcement will create greater programming opportunities in terms of serving the local viewer, in areas such as sports and locally produced events.”

 

“Some of our markets may benefit from the merger, while others may be negatively impacted. After a cursory review of our WB and UPN markets, we believe that approximately 1% to 1.5% of our net broadcast revenues would be at risk.  We look forward to having a more in-depth discussion on our February 8th conference call when we report our year end results.”

 

There are four markets which overlap with Tribune or CBS affiliates: Tampa, Pittsburgh, Norfolk, and Oklahoma City.  Additionally, the Company operates both the WB and UPN affiliate in four markets:  Birmingham, Milwaukee, Nashville and Raleigh.

 

Below is a list of the markets in which the Company owns and operates, programs or provides sales services to WB and UPN stations:

 

Tampa, FL – WB

Minneapolis, MN – WB

Pittsburgh, PA – FOX/WB

Baltimore, MD – FOX/WB

Raleigh, NC – WB/UPN

Cincinnati, OH – WB

Milwaukee, WI – WB/UPN

Nashville, TN – FOX/WB/UPN

Asheville, NC/ Greenville, SC – ABC/WB

San Antonio, TX – FOX/WB

Norfolk, VA – WB

Buffalo, NY – FOX/WB

Oklahoma City, OK – FOX/WB

Greensboro, NC – ABC/UPN

 



 

Birmingham, AL – WB/UPN

Las Vegas, NV – WB/IND

Syracuse, NY – FOX/WB

Paducah/Cape Girardeau, MO – FOX/WB

Charleston, SC – FOX/UPN

 

Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies, currently owns and operates, programs or provides sales services to 60 television stations in 37 markets.  Sinclair’s television group reaches approximately 22% of U.S. television households and includes ABC, CBS, FOX, NBC, WB, and UPN affiliates.  Sinclair owns a majority equity interest in G1440, Inc., an Internet consulting and development company, and Acrodyne Communications, Inc., a manufacturer of transmitters and other television broadcast equipment.

 

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 above, the impact of changes in national and regional economies, successful integration of acquired television stations (including achievement of synergies and cost reductions), FCC approval of pending license transfers, successful execution of outsourcing agreements, pricing and demand fluctuations in local and national advertising, volatility in programming costs, the market acceptance of new programming and our news central strategy, our local sales initiatives, 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.

 


 

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