BALTIMORE, Aug. 23, 2017 /PRNewswire/ -- Yesterday,
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) ("Sinclair") and Tribune Media Company (NYSE: TRCO) ("Tribune") filed their joint
Opposition to Petitions to Deny the merger of the two companies.
While the Petitions to Deny rely to a large extent on speculation and unsupported assumptions, the Opposition nonetheless
addresses each of the claims made in the Petitions, including the claims contained in the Petitions relating to retransmission
consent negotiations.
The Sinclair-Tribune filing clearly reaffirms that the proposed merger will advance the public interest by helping to shore up
an industry buffeted by well-known economic challenges. In particular, as the Opposition demonstrates, the merger will give
the combined company the ability to invest deeply in the free over-the-air delivery of local news, sports, and entertainment
under the stewardship of a company, Sinclair, with an outstanding record of investing in its local stations and new broadcast
technologies. As the record shows, Sinclair provides strong news, sports and entertainment programming that meets the needs
of its stations' local communities.
Chris Ripley, President and Chief Executive Officer of Sinclair provided the following
statement:
"Sinclair firmly believes in the mission of local broadcasting and this filing fully explains the public interest benefits
that this transaction will provide as a result of the efficiencies and scale created by the combination of Sinclair and Tribune.
This acquisition will help to ensure the future of the free and local television model for both Tribune's and Sinclair's local
communities."
The Opposition to Petitions to Deny the merger can be found here: http://bit.ly/2vXzWgd.
About Sinclair Broadcast Group, Inc.
Sinclair is one of the largest and most diversified television broadcasting companies in the country. Pro forma for the
Tribune acquisition (before any related divestitures) and all previously announced pending transactions, the Company will own,
operate and/or provide services to 233 television stations in 108 markets. The Company has multiple emerging networks as
well as stations affiliated with all the major networks. Sinclair is a leading local news provider in the country and a producer
of live sports content. Sinclair's content is delivered via multiple-platforms, including over-the-air, multi-channel video
program distributors, and digital platforms. The Company regularly uses its website as a key source of Company information which
can be accessed at www.sbgi.net.
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SOURCE Sinclair Broadcast Group, Inc.