By Sinclair Broadcast Group, Inc.
BALTIMORE, June 3 --Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that they have reached agreement with Insight Communications on a three-year extension of their existing analog and digital carriage agreement. The extension, which relates to four stations in three markets where Sinclair and Insight overlap, covers the period of January 1, 2009 to December 31, 2011. Although Sinclair does not disclose the dollar amount of consideration received from individual multi-channel video program distributors, such as Insight, Sinclair believes this extension, which provides Insight with certain VOD (video on demand) rights, but which does not include an advertising component, reflects an appropriate economic arrangement.
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