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Slide #81. Sinclair Broadcast Group — Titan Stations
Sinclair Broadcast Group (NASDAQ:SBGI)
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the "Company" or "Sinclair") announced that it has closed on its previously announced acquisition of the stock and broadcast assets of four television stations owned by TTBG LLC ("Titan") for an aggregate purchase price of $115.35 million. Sinclair also assumed Titan's agreements to provide sales and other services to two other stations, KXVO in Omaha, NE and KMEG in Sioux City, IA. The Company funded the transaction through cash on hand.
Sinclair Broadcast Group is a television broadcasting company with using Co.'s spectrum to bring together content providers, advertisers, and consumers on various platforms. The content, distributed through Co.'s broadcast platform, consists of programming provided by third-party networks and syndicators, local news, Co.'s own networks, and other original programming produced by Co. Co. also distributes its original programming, and owned and operated network, on other third-party platforms. Co. operates technical services companies focused on supply and maintenance of broadcast transmission systems as well as research and development for the development of broadcast technology.
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