InvestorsApril 12, 2007
Sinclair Broadcast and Charter Communications Reach Retransmission Agreement
BALTIMORE AND ST. LOUIS, April 12 /PRNewswire-FirstCall/ -- Charter Communications, Inc. (Nasdaq: CHTR) and Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), announced today that they have reached a 3-year retransmission consent agreement, including high-definition programming. The agreement, which expires March 31, 2010, provides for the carriage of 28 television station signals in 19 markets owned or operated by Sinclair and servicing approximately 1.9 million unique subscribers.
"Charter's priority is to provide our customers value and choice through a broad array of programming, packages and enhanced services," said Cathy Fogler, Vice President of Video Programming and Product Management. "We're pleased to have reached an agreement with Sinclair that provides us the right to continue to deliver programming offered by Sinclair's owned or operated stations, and gives us the opportunity to expand high-definition programming to our customers."
"Sinclair is pleased to have once again taken a leadership role in working with multi-channel video distributors, such as Charter, to ensure cable subscribers in our markets continue to receive some of the most popular programs on television," commented David Smith, President and CEO of Sinclair. "Our mutually acceptable economic agreement with Charter demonstrates the value of broadcast television on alternative delivery systems."
The following stations are included in the agreement:
Asheville, NC/Anderson, SC: WLOS/WMYA
Birmingham, AL: WABM/WTTO
Cape Girardeau, MO/Paducah, KY: WDKA/KBSI
Cedar Rapids, IA: KGAN
Columbus, OH: WSYX/WTTE
Dayton, OH: WKEF
Flint, MI: WSMH
Greensboro/High Point/Winston Salem, NC: WXLV
Madison, WI: WMSN
Milwaukee, WI: WCGV/WVTV
Minneapolis, MN: WUCW
Nashville, TN: WZTV/WUXP/WNAB
Norfolk, VA: WTVZ
Raleigh, NC: WLFL/WRDC
Richmond, VA: WRLH
Springfield. MA: WGGB
Springfield/Champaign, IL: WICS/WICD
St. Louis, MO: KDNL
Tallahassee, FL: WTWC
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.
Charter Communications, Inc. is a leading broadband communications company and the third-largest publicly traded cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter Digital(R) video entertainment programming, Charter High- Speed(TM) Internet access service, and Charter Telephone(TM) services. Charter Business(TM) similarly provides scalable, tailored and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, video and music entertainment services and business telephone. Charter's advertising sales and production services are sold under the Charter Media(R) brand. More information about Charter can be found at www.charter.com.
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.
CONTACT: Barry Faber, VP & General Counsel of Sinclair Broadcast Group,
Inc., +1-410-568-1500, or Anita Lamont of Charter Communications, Inc.,
Web site: http://www.sbgi.net