Sinclair Broadcast Group Acquires "Ring of Honor" Wrestling Franchise

Sinclair Broadcast Group, Inc. SBGI, the "Company" or "Sinclair," announced today that it has acquired the "Ring of Honor" wrestling franchise.  Ring of Honor is the third largest wrestling promotion in the country. "We are very excited about this acquisition," commented Steve Marks, COO of Sinclair's Television Group.  "Television and professional wrestling have a long history of successful partnerships and driving viewership. Unfortunately, the broadcast networks have not protected that relationship, allowing professional wrestling to migrate to cable network distribution.  We believe that the powerful promotional platform that our TV stations provide, coupled with our 22% coverage of the U.S. TV households, will allow ROH to achieve name brand recognition and grow its share of the wrestling market.  When you consider the make-up of our station mix and the number of CW, MYTV and FOX affiliates we operate, this is a perfect fit for our viewer demographics."