Sinclair Commences Tender Offer for 6% Convertible Subordinated Debentures (SBGI)

Sinclair Television Group, Inc. a wholly-owned subsidiary of Sinclair Broadcast Group, Inc. SBGI today announced that it is commencing a cash tender offer for up to $60 million of the Company's outstanding 6% Convertible Subordinated Debentures due 2012. Approximately $128.0 million principal amount of the Debentures are currently outstanding. Specific terms and conditions of the tender offer are included in the Offer to Purchase, dated September 20, 2010, filed with the Securities and Exchange Commission today. The Company is offering to purchase for cash, on a pro rata basis and upon the terms and subject to the conditions set forth in the Offer to Purchase and the related Letter of Transmittal, up to $60,000,000 principal amount of the Debentures at a purchase price of $987.50 per $1,000 principal amount of the Debentures validly tendered and not validly withdrawn on or prior to the expiration date.