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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of
earliest event reported) April 13, 1998 Commission File Number 0-26076
SINCLAIR BROADCAST GROUP, INC.
(Exact name of registrant)
Maryland 52-1494660
(State of organization) (I.R.S. Employer Identification Number)
2000 West 41st Street, Baltimore, Maryland 21211
(Address of principal executive offices and zip code)
(410) 467-5005
(Registrant's telephone Number)
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ITEM 5. OTHER EVENTS
Sinclair Broadcast Group, Inc. ("Sinclair") today announced that it will
exercise its option to acquire the non-license assets of WSYX-TV (ABC),
Columbus, Ohio from River City Broadcasting, LP for a price of $228 million and
will begin programming the station under a local marketing agreement ("LMA").
Sinclair was informed on April 13, 1998 by the United States Department of
Justice ("DOJ") that the agency will not challenge the WSYX transaction.
Sinclair currently owns WTTE-TV (Fox) in Columbus. The acquisition of the
non-license assets of WSYX-TV and the commencement of the WSYX LMA are currently
expected to occur by April 17, 1998. The acquisition is expected to be funded by
bank debt.
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
SINCLAIR BROADCAST GROUP, INC.
BY: /s/ DAVID B. AMY
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David B. Amy
Chief Financial Officer/
Principal Accounting Officer
Dated: April 13, 1998
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