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Sinclair Broadcast Group and Charter Communications Reach Broad Distribution Agreement

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Sinclair Broadcast Group (SBGI) and Charter Communications (CHTR) have finalized a distribution agreement to continue broadcasting Sinclair's local stations, Tennis Channel, Bally Sports RSN brands, Marquee Sports Network, and YES Network. The terms of the deal remain undisclosed. This agreement reinforces Sinclair's position in local sports and news broadcasting, highlighting its ownership of 185 TV stations and 21 regional sports networks across the U.S. Sinclair's content is accessible through various platforms, including streaming services.

Positive
  • Continued broadcast agreement enhances Sinclair's market presence and content distribution.
  • Sinclair owns a vast network with 185 TV stations and 21 regional sports networks.
Negative
  • None.

BALTIMORE, Md.--(BUSINESS WIRE)-- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), and Charter Communications, Inc. (Nasdaq: CHTR) have reached a comprehensive distribution agreement for continued carriage of Sinclair’s owned local broadcast stations, Tennis Channel, 19 Bally Sports RSN brands, Marquee Sports Network and the YES Network, in which Sinclair is a joint venture partner.

Terms of the agreement were not disclosed.

About Sinclair:

Sinclair Broadcast Group, Inc. is a diversified media company and a leading provider of local sports and news. The Company owns and/or operates 21 regional sports network brands; owns, operates and/or provides services to 185 television stations in 86 markets, owns multiple national networks including Tennis Channel and Stadium; and has TV stations affiliated with all the major broadcast networks. Sinclair’s content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and digital and streaming platforms NewsOn and STIRR. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.

About Charter

Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator serving more than 32 million customers in 41 states through its Spectrum brand. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.

For small and medium-sized companies, Spectrum Business® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise provides highly customized, fiber-based solutions. Spectrum Reach® delivers tailored advertising and production for the modern media landscape. The company also distributes award-winning news coverage, sports and high-quality original programming to its customers through Spectrum Networks and Spectrum Originals. More information about Charter can be found at corporate.charter.com.

Media:

Sinclair Broadcast Group: Michael Padovano, sinclair@5wpr.com

Charter Communications: Maureen Huff, Maureen.Huff@charter.com



Sinclair Broadcast Group Investors:

Steve Zenker, VP, Investor Relations

Billie-Jo McIntire, Director, Investor Relations

(410) 568-1500

Source: Sinclair Broadcast Group, Inc.

FAQ

What is the significance of the Sinclair and Charter agreement for SBGI?

The agreement ensures continued distribution of Sinclair's local broadcast stations and sports channels, which is crucial for SBGI's market presence.

What channels are included in the Sinclair and Charter distribution agreement?

The agreement includes Sinclair's local broadcast stations, Tennis Channel, Bally Sports RSN brands, Marquee Sports Network, and the YES Network.

How many TV stations does Sinclair Broadcast Group operate?

Sinclair operates 185 television stations across 86 markets.

What are the benefits of the Sinclair and Charter deal for investors?

The deal strengthens Sinclair's content distribution, which can lead to increased viewership and advertising revenue, thus benefiting investors.

Are the terms of the Sinclair and Charter agreement disclosed?

No, the terms of the distribution agreement have not been disclosed.

Sinclair, Inc.

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