• Home
    • Polls >
      • Archive >
        • Home
        • Home >
          • Old Home >
            • Home Orignal >
              • TNA PPV Center
              • WWE PPV Center
  • News
  • WWE
    • Results
    • Coverage
    • Spoilers
    • PPV Info
    • TV Ratings
    • TV Episodes
  • TNA
    • Results
    • Coverage
    • Spoilers
    • PPV Info
    • TV Ratings
  • ROH
    • Spoilers / Results
    • Coverage
    • PPV Info
    • Indy Results
  • Gallery
    • Pictures
    • Hot Women Gallery's
    • Championships
  • Contact
  • Columns
    • Past Blogs
Pro Wrestling Unleashed

ROH To Be Broadcast On More TV Stations - The List

7/29/2013

0 Comments

 
Picture
Sinclair Broadcast Group sent out the following today:

Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the “Company” or “Sinclair”) announced that it has entered into a definitive agreement to purchase the stock of Perpetual Corporation and the equity interest of Charleston Television, LLC, both owned and controlled by the Allbritton family (“Allbritton”), for an aggregate purchase price of $985.0 million. The Allbritton stations consist of seven ABC Network affiliates, covering 4.9% of the U.S. TV households, and NewsChannel 8, a 24-hour cable/satellite news network covering the Washington D.C. metropolitan area. Completion of the transaction is subject to the satisfaction of customary closing conditions, including approval by the Federal Communications Commission (“FCC”) and antitrust clearance, as applicable. The Company anticipates that the transaction will close and fund in the fourth quarter of 2013, subject to the satisfaction of the closing conditions. The Company expects to fund the purchase price at closing through a bank loan and/or by accessing the capital markets.

To comply with FCC local television ownership rules, Sinclair expects to sell the license and certain related assets of its existing stations in Birmingham, AL – WABM (MNT) and WTTO (CW), Harrisburg/Lancaster/Lebanon/York, PA – WHP (CBS), and Charleston, SC – WMMP (MNT) and to provide sales and other non-programming support services to each of these stations pursuant to customary shared services and joint sales agreements.

The Allbritton stations to be owned and operated are:

- Station Affil. Market DMA(1)
- WJLA ABC Washington, DC 8
- WBMA ABC Birmingham/Tuscaloosa/Anniston, AL (2) 42
- WCFT ABC Birmingham/Tuscaloosa/Anniston, AL(2) 42
- WJSU ABC Birmingham/Tuscaloosa/Anniston, AL(2) 42
- WHTM ABC Harrisburg/Lancaster/Lebanon/York, PA 43
- KATV ABC Little Rock/Pine Bluff, AR 56
- KTUL ABC Tulsa, OK 59
- WSET ABC Roanoke/Lynchburg, VA 68
- WCIV ABC Charleston, SC 98

(1) Represents television designated market areas according to the Nielsen Company. The numbers in the column represent the ranking in terms of size of the DMA out of the 210 generally recognized DMAs in the United States.

(2) WJSU and WCFT, along with associated low-power station WBMA, simulcast all local and network programming to the combined market.

In addition, the Company will acquire Allbritton’s NewsChannel 8, the region’s only 24-hour local cable/satellite news network dedicated to covering news, weather, sports and local information to over 2 million households in the Washington D.C. metropolitan area.

“We are thrilled to add the Allbritton properties to our growing portfolio and national footprint,” commented David Smith, President and CEO of Sinclair. “To buy a full-blown news operation in our nation’s capital and an infrastructure that allows us to be connected to our branches of government and be at the pulse of national issues is a once-in-a lifetime event. We are especially excited to acquire the NewsChannel 8 local news channel, not only for the content it can provide our existing news stations, but moreover because their regional cable presence provides the perfect platform should we decide to expand it into other markets, especially given the amount of local news we produce across our entire portfolio.”

Including the Allbritton station acquisitions, all previously announced acquisitions, and pro forma for expected synergies, the Company’s 2011 and 2012 net broadcast revenues would have been $1.609 billion and $1.865 billion, respectively. The $985.0 million purchase price represents an 8.7x multiple of the average 2011-2012 cash flow including $21.5 million of operating synergies, which excludes any synergies associated with rolling out a national news cable channel. At an 8.5x enterprise to cash flow multiple, the additional synergies create approximately $1.83 of added equity value.

0 Comments



Leave a Reply.

    RSS Feed

    Author

    Andy

    Archives

    September 2015
    January 2015
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012

    Categories

    All
    A.J. Lee
    A.J. Lee
    Aj Styles
    Aj Styles
    Aksana
    Alberto Del Rio
    Alberto Del Rio
    Alex Riley
    Alicia Fox. Natalya Neidhart.
    Antonio Cesaro
    Backstage News
    Backstage News
    Batista
    Big E Langston
    Big E Langston
    Big Show
    Bobbyroode
    Bo Dallas
    Booker T
    Bray Wyatt
    Breaking News
    Breaking News
    Brie Bella
    Brock Lesnar
    Brock Lesnar
    Brodus Clay
    Bully Ray
    Camacho
    Cameron
    Chris Jericho
    Chris Jericho
    Christian
    Cm Punk
    Cody Rhodes
    Cody Rhodes
    Curt Hawkins
    Curtis Axel
    Damien Sandow
    Daniel Bryan
    Daniel Bryan
    Darren Young
    David Otunga
    Dean Ambrose
    Dixie Carter
    Dolph Zig
    Dolph Zig
    Drew Mcintyre
    Dusty Rhodes
    Elimination Chamber
    Eva Marie
    Evan Bourne
    Extreme Rising
    Ezekiel Jackson
    Fandango
    Gail Kim
    Gler
    Goldberg
    Goldust
    Hall Of Fame
    Heath Slater
    Hhh
    Hornswoggle
    Huge/ Spoiler News
    Hulk Hogan
    Hulk Hogan
    Hunico
    Indy
    Jack Swagger
    Jack Swagger
    Jake Roberts
    James Storm
    Jbl
    Jeff Jarett
    Jeff Jarett
    Jerry Lawler
    Jerry Lawler
    Jey Uso
    Jim Cornette
    Jimmy Uso
    Jinder Mahal
    John Cena
    John Cena
    Jr
    Jr.
    Jtg
    Justin Gabriel
    Kaitlyn
    Kaitlyn.
    Kane
    Kevin Nash
    Kofi Kingston
    Kurt Angle
    Layla El
    Lita
    Magnus
    Main Event
    Main Event
    Mark Henry
    Mark Henry
    Mason Ryan
    Matt Morgan
    Mick Foley
    Mick Foley
    Mickie James
    Mvp
    Naomi.
    New Age Outlaws
    Nikki Bella
    Nxt
    NXT
    Page
    Paul Heyman
    Randy Orton
    Raw
    Rey Mysterio
    Ric Flair
    Rob Van Dam
    Rock
    Roddy Piper
    Roddy Piper
    Roh
    Roman Reigns
    Rosa Mendes
    Royal Rumble
    Royal Rumble
    R-Truth
    Rvd
    Ryback
    Samoa Joe
    Santino Marella
    Scott Hall
    Seth Rollins
    Shawn Michaels
    Sheamus
    SHELTON BENJAMIN
    Sin Cara
    Sin Cara
    Smackdown
    Spoilers
    Stephanie McMahon
    Steve Austin
    Sting
    Tamina
    Taz
    Tensai
    Terry Funk
    The Big Show
    The Great Khali
    The Great Khali
    The Miz
    The Shield
    Titus O’Neal
    Tna
    Tommy Dreamer
    Total Divas
    Ultimate Warrior
    Undertaker
    Vickie Guerrero
    Vince Mcmahon
    Vince Mcmahon
    Wade Barrett
    William Regal
    Wrestlemania
    Wwe
    WWE Network
    WWE Network
    Wyatt Family
    Wyatt Family
    Yoshi Tatsu
    Zack Ryder

    Tweets by @AR_Official_94

    RSS Feed

    RSS Feed

    RSS Feed

Powered by Create your own unique website with customizable templates.
Photo used under Creative Commons from greatsufficiency