Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc. ("STG"), intends to offer in a private placement, subject to market conditions and other factors, $350.0 million aggregate principal amount of Senior Unsecured Notes. The Notes are expected to mature in 2027 and to initially be guaranteed by Sinclair and certain of Sinclair's subsidiaries. The offering is conditioned on customary closing conditions.

The net proceeds from the private placement of Notes are intended to be used to redeem STG's 6.375% senior unsecured notes due 2021 (the "6.375% Notes") with an outstanding principal amount of $350.0 million.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any offer or sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.

Sinclair is one of the largest and most diversified television broadcasting companies in the country. Including pending transactions, the Company owns, operates and/or provides services to 173 television stations in 81 markets, broadcasting 481 channels and having affiliations with all the major networks. Sinclair is the leading local news provider in the country, as well as a producer of live sports content. Sinclair's content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The Company regularly uses its website as a key source of Company information which can be accessed atwww.sbgi.net.