Sinclair Broadcast (SBGI) 10-Q 12 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 01, 2013	Nov. 01, 2013
		Class A Common Stock	Class B Common Stock
Entity Listings	'	'	'
Entity Registrant Name	'SINCLAIR BROADCAST GROUP INC	'	'
Entity Central Index Key	'0000912752	'	'
Document Type	'10-Q	'	'
Document Period End Date	30-Sep-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	73,912,097	26,262,210
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'Q3	'	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
CURRENT ASSETS:	'		'
Cash and cash equivalents	$228,994		$22,865
Accounts receivable, net of allowance for doubtful accounts of $3,068 and $3,091, respectively	250,054		183,480
Affiliate receivable	'		416
Current portion of program contract costs	82,583		56,581
Prepaid expenses and other current assets	14,780		7,404
Deferred barter costs	5,271		3,345
Assets held for sale	5,900		30,357
Total current assets	587,582		304,448
PROGRAM CONTRACT COSTS, less current portion	30,249		12,767
PROPERTY AND EQUIPMENT, net	513,382		439,713
RESTRICTED CASH	41,257		225
GOODWILL	1,297,638		1,074,032
BROADCAST LICENSES	98,210		85,122
DEFINITE-LIVED INTANGIBLE ASSETS, net	819,678		623,406
OTHER ASSETS	229,677		189,984
Total assets	3,617,673	[1]	2,729,697	[1]
CURRENT LIABILITIES:	'		'
Accounts payable	14,412		10,086
Accrued liabilities	200,779		143,731
Income taxes payable	1,686		9,939
Current portion of notes payable, capital leases and commercial bank financing	16,622		47,622
Current portion of notes and capital leases payable to affiliates	2,271		1,704
Current portion of program contracts payable	99,900		88,015
Deferred barter revenues	5,005		3,499
Deferred tax liabilities	36		607
Liabilities held for sale	'		2,397
Total current liabilities	340,711		307,600
LONG-TERM LIABILITIES:	'		'
Notes payable, capital leases and commercial bank financing, less current portion	2,436,386		2,210,866
Notes payable and capital leases to affiliates, less current portion	19,619		13,187
Program contracts payable, less current portion	38,054		16,341
Deferred tax liabilities	302,914		233,465
Other long-term liabilities	63,751		48,291
Total liabilities	3,201,435	[1]	2,829,750	[1]
COMMITMENTS AND CONTINGENCIES (See Note 3)	'		'
SINCLAIR BROADCAST GROUP SHAREHOLDERS' EQUITY (DEFICIT):	'		'
Additional paid-in capital	1,097,098		600,928
Accumulated deficit	-684,470		-713,697
Accumulated other comprehensive loss	-5,109		-4,993
Total Sinclair Broadcast Group shareholders' equity (deficit)	408,521		-116,950
Noncontrolling interests	7,717		16,897
Total equity (deficit)	416,238		-100,053
Total liabilities and equity (deficit)	3,617,673		2,729,697
Class A Common Stock	'		'
SINCLAIR BROADCAST GROUP SHAREHOLDERS' EQUITY (DEFICIT):	'		'
Common Stock	739		523
Class B Common Stock	'		'
SINCLAIR BROADCAST GROUP SHAREHOLDERS' EQUITY (DEFICIT):	'		'
Common Stock	$263		$289
[1]	Our consolidated total assets as of September 30, 2013 and December 31, 2012 include total assets of variable interest entities (VIEs) of $148.9 million and $107.9 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of September 30, 2013 and December 31, 2012 include total liabilities of the VIEs of $16.4 million and $7.9 million, respectively, for which the creditors of the VIEs have no recourse to us.

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Accounts receivable, allowance for doubtful accounts (in dollars)	$3,068,000	$3,091,000
Total assets of variable interest entities (in dollars)	148,900,000	107,900,000
Total liabilities of variable interest entities (in dollars)	$16,400,000	$7,900,000
Class A Common Stock	'	'
Common Stock, par value (in dollars per share)	$0.01	$0.01
Common Stock, shares authorized	500,000,000	500,000,000
Common Stock, shares issued	73,900,442	52,332,012
Common Stock, shares outstanding	73,900,442	52,332,012
Class B Common Stock	'	'
Common Stock, par value (in dollars per share)	$0.01	$0.01
Common Stock, shares authorized	140,000,000	140,000,000
Common Stock, shares issued	26,262,210	28,933,859
Common Stock, shares outstanding	26,262,210	28,933,859

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
REVENUES:	'	'	'	'
Station broadcast revenues, net of agency commissions	$303,028	$225,023	$835,223	$633,493
Revenues realized from station barter arrangements	20,653	21,179	60,930	60,060
Other operating divisions revenues	14,963	12,512	39,263	38,609
Total revenues	338,644	258,714	935,416	732,162
OPERATING EXPENSES:	'	'	'	'
Station production expenses	98,939	61,705	265,066	184,098
Station selling, general and administrative expenses	66,115	43,169	171,350	120,462
Expenses recognized from station barter arrangements	18,082	19,300	53,478	55,119
Amortization of program contract costs and net realizable value adjustments	19,229	14,296	56,746	43,565
Other operating divisions expenses	12,746	10,372	33,351	33,165
Depreciation of property and equipment	17,408	12,626	47,108	34,031
Corporate general and administrative expenses	16,109	8,286	38,806	25,166
Amortization of definite-lived intangible and other assets	17,168	10,562	48,727	26,375
Total operating expenses	265,796	180,316	714,632	521,981
Operating income	72,848	78,398	220,784	210,181
OTHER INCOME (EXPENSE):	'	'	'	'
Interest expense and amortization of debt discount and deferred financing costs	-39,867	-35,294	-123,029	-92,001
Loss from extinguishment of debt	'	'	-16,283	-335
Income from equity and cost method investments	1,571	1,919	115	8,343
Other income, net	488	547	1,427	1,733
Total other expense	-37,808	-32,828	-137,770	-82,260
Income from continuing operations before income taxes	35,040	45,570	83,014	127,921
INCOME TAX PROVISION	-4,489	-19,093	-22,992	-42,185
Income from continuing operations	30,551	26,477	60,022	85,736
DISCONTINUED OPERATIONS:	'	'	'	'
Income (loss) from discontinued operations, includes income tax benefit (provision) of $6,107, $(36), $10,806 and $(220), respectively	6,100	-125	11,558	-178
NET INCOME	36,651	26,352	71,580	85,558
Net (income) loss attributable to the noncontrolling interests	-309	-107	-415	106
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP	36,342	26,245	71,165	85,664
Dividends declared per share (in dollars per share)	$0.15	$0.15	$0.45	$0.39
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP:	'	'	'	'
Basic earnings per share from continuing operations (in dollars per share)	$0.30	$0.33	$0.66	$1.06
Basic earnings per share from discontinued operations (in dollars per share)	$0.06	$0	$0.13	$0
Basic earnings per share (in dollars per share)	$0.37	$0.33	$0.78	$1.06
Diluted earnings per share from continuing operations (in dollars per share)	$0.30	$0.33	$0.65	$1.06
Diluted earnings per share from discontinued operations (in dollars per share)	$0.06	$0	$0.13	$0
Diluted earnings per share (in dollars per share)	$0.36	$0.32	$0.78	$1.05
Weighted average common shares outstanding (in shares)	99,473	81,081	90,982	80,990
Weighted average common and common equivalent shares outstanding (in shares)	100,239	81,379	91,549	81,267
AMOUNTS ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP COMMON SHAREHOLDERS:	'	'	'	'
Income from continuing operations, net of tax	30,242	26,370	59,607	85,842
Income (loss) from discontinued operations, net of tax	6,100	-125	11,558	-178
Net income	$36,342	$26,245	$71,165	$85,664

CONSOLIDATED_STATEMENTS_OF_OPE1

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS	'	'	'	'
Income (loss) from discontinued operations, income tax benefit (provision)	$6,107	($36)	$10,806	($220)

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'	'	'
Net income	$36,651	$26,352	$71,580	$85,558
Amortization of net periodic pension benefit costs, net of taxes	-38	57	-116	246
Comprehensive income	36,613	26,409	71,464	85,804
Comprehensive (income) loss attributable to the noncontrolling interests	-309	-107	-415	106
Comprehensive income attributable to Sinclair Broadcast Group	$36,304	$26,302	$71,049	$85,910

CONSOLIDATED_STATEMENT_OF_EQUI

CONSOLIDATED STATEMENT OF EQUITY (DEFICIT) (USD $)	Total	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Noncontrolling Interests	Class A Common Stock	Class A Common Stock	Class B Common Stock	Class B Common Stock
In Thousands, except Share data, unless otherwise specified	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)		Common Stock		Common Stock
							USD ($)		USD ($)
BALANCE at Dec. 31, 2011	($111,362)	$617,375	($734,511)	($4,848)	$9,813	'	$520	'	$289
BALANCE (in shares) at Dec. 31, 2011	'	'	'	'	'	'	52,022,086	'	28,933,859
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'	'
Dividends declared on Class A and Class B Common Stock	-31,245	'	-31,245	'	'	'	'	'	'
Class A Common Stock issued pursuant to employee benefit plans	4,554	4,551	'	'	'	'	3	'	'
Class A Common Stock issued pursuant to employee benefit plans (in shares)	'	'	'	'	'	'	284,722	'	'
Tax benefit on share based awards	207	207	'	'	'	'	'	'	'
Distributions to noncontrolling interests	-734	'	'	'	-734	'	'	'	'
Issuance of subsidiary share awards	392	'	'	'	392	'	'	'	'
Amortization of net periodic pension benefit costs, net of taxes	246	'	'	246	'	'	'	'	'
Net income	85,558	'	85,664	'	-106	'	'	'	'
BALANCE at Sep. 30, 2012	-52,384	622,133	-680,092	-4,602	9,365	'	523	'	289
BALANCE (in shares) at Sep. 30, 2012	'	'	'	'	'	'	52,306,808	'	28,933,859
BALANCE at Dec. 31, 2012	-100,053	600,928	-713,697	-4,993	16,897	'	523	'	289
BALANCE (in shares) at Dec. 31, 2012	'	'	'	'	'	52,332,012	52,332,012	28,933,859	28,933,859
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'	'
Dividends declared on Class A and Class B Common Stock	-41,938	'	-41,938	'	'	'	'	'	'
Issuance of common stock, net of issuance costs	472,400	472,220	'	'	'	'	180	'	'
Issuance of common stock, net of issuance costs (in shares)	'	'	'	'	'	'	18,000,000	'	'
Class B Common Stock converted into Class A Common Stock	'	'	'	'	'	'	27	'	-27
Class B Common Stock converted into Class A Common Stock (in shares)	'	'	'	'	'	'	2,671,649	'	-2,671,649
4.875% Convertible Debentures converted into Class A Common Stock, net of taxes	7,313	7,310	'	'	'	'	3	'	'
4.875% Convertible Debentures converted into Class A Common Stock, net of taxes (in shares)	'	'	'	'	'	'	338,632	'	'
Class A Common Stock issued pursuant to employee benefit plans	9,479	9,129	'	'	344	'	6	'	'
Class A Common Stock issued pursuant to employee benefit plans (in shares)	'	'	'	'	'	'	558,149	'	'
Tax benefit on share based awards	503	503	'	'	'	'	'	'	'
Distributions to noncontrolling interests	-9,939	'	'	'	-9,939	'	'	'	'
Class A Common Stock sold by variable interest entity, net of taxes	7,008	7,008	'	'	'	'	'	'	'
Amortization of net periodic pension benefit costs, net of taxes	-116	'	'	-116	'	'	'	'	'
Net income	71,580	'	71,165	'	415	'	'	'	'
BALANCE at Sep. 30, 2013	$416,238	$1,097,098	($684,470)	($5,109)	$7,717	'	$739	'	$263
BALANCE (in shares) at Sep. 30, 2013	'	'	'	'	'	73,900,442	73,900,442	26,262,210	26,262,210

CONSOLIDATED_STATEMENT_OF_EQUI1

CONSOLIDATED STATEMENT OF EQUITY (DEFICIT) (Parenthetical) (4.875% Convertible Debentures)	Sep. 30, 2013
4.875% Convertible Debentures	'
Interest rate (as a percent)	4.88%

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:	'	'
Net income	$71,580	$85,558
Adjustments to reconcile net income to net cash flows from operating activities:	'	'
Depreciation of property and equipment	47,108	35,527
Amortization of definite-lived intangible and other assets	48,727	26,877
Amortization of program contract costs and net realizable value adjustments	56,746	44,247
Loss on extinguishment of debt	16,283	335
Deferred tax (benefit)	-1,486	-523
Change in assets and liabilities, net of acquisitions:	'	'
(Increase) decrease in accounts receivable, net	-37,359	9,801
Increase in prepaid expenses and other current assets	-3,925	-11,375
Increase in other assets	-4,312	-20,354
(Decrease) increase in accounts payable and accrued liabilities	28,024	21,637
(Decrease) increase in income taxes payable	-1,182	6,953
Increase in other long-term liabilities	-2,282	2,657
Payments on program contracts payable	-67,407	-52,312
Original debt issuance discount paid	-10,285	'
Other, net	10,409	14,276
Net cash flows from operating activities	150,639	163,304
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:	'	'
Acquisition of property and equipment	-28,776	-30,157
Payments for acquisition of television stations	-495,440	-590,917
Payments for acquisitions in other operating divisions	-4,650	'
Purchase of alarm monitoring contracts	-11,928	-7,343
Proceeds from sale of broadcast assets	27,992	'
(Increase) decrease in restricted cash	-41,032	15,849
Distributions from equity and cost method investees	4,321	9,514
Investments in equity and cost method investees	-10,205	-6,176
Other, net	2,976	-33
Net cash flows used in investing activities	-556,742	-609,263
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'
Proceeds from notes payable, commercial bank financing and capital leases	1,198,815	615,707
Repayments of notes payable, commercial bank financing and capital leases	-998,085	-95,845
Proceeds from the sale of Class A Common Stock	472,400	'
Proceeds from exercise of stock options, including excess tax benefits of share based payments of $0.5 million and $0.2 million, respectively	1,688	327
Dividends paid on Class A and Class B Common Stock	-41,938	-31,245
Payments for deferred financing costs	-20,205	-8,364
Proceeds from Class A Common Stock sold by variable interest entity	10,908	'
Noncontrolling interests distributions	-9,939	-734
Repayments of notes and capital leases to affiliates	-1,412	-2,229
Net cash flows from (used in) financing activities	612,232	477,617
NET INCREASE IN CASH AND CASH EQUIVALENTS	206,129	31,658
CASH AND CASH EQUIVALENTS, beginning of period	22,865	12,967
CASH AND CASH EQUIVALENTS, end of period	$228,994	$44,625

CONSOLIDATED_STATEMENTS_OF_CAS1

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
CONSOLIDATED STATEMENTS OF CASH FLOWS	'	'
Proceeds from exercise of stock options, excess tax benefits of share based payments	$0.50	$0.20

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	9 Months Ended
	Sep. 30, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	'
	1.              SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
	Principles of Consolidation
	The consolidated financial statements include our accounts and those of our wholly-owned and majority-owned subsidiaries and VIEs for which we are the primary beneficiary.  Noncontrolling interests represents a minority owner’s proportionate share of the equity in certain of our consolidated entities.  All intercompany transactions and account balances have been eliminated in consolidation.
	Discontinued Operations
	In accordance with Financial Accounting Standards Board’s (FASB) guidance on reporting assets held for sale, we reported the financial position and results of operations of our stations in Lansing, Michigan (WLAJ-TV) and Providence, Rhode Island (WLWC-TV), as assets and liabilities held for sale in the accompanying consolidated balance sheets and discontinued operations consolidated statements of operations.  Discontinued operations have not been segregated in the consolidated statements of cash flows and, therefore, amounts for certain captions will not agree with the accompanying consolidated balance sheets and consolidated statements of operations. WLAJ-TV was acquired in the second quarter of 2012 in connection with the acquisition of the television stations from Freedom Communications (Freedom). WLWC-TV was acquired in the first quarter of 2012 in connection with the acquisition of the television stations from Four Points Media Group LLC (Four Points). See Note 2. Acquisitions for more information.  In October 2012, we entered into an agreement to sell all the assets of WLAJ-TV to an unrelated third party for $14.4 million.  In January 2013, we entered into an agreement to sell the assets of WLWC-TV to an unrelated third party for $13.8 million.  The operating results of WLAJ-TV, which was sold effective March 1, 2013, and WLWC-TV, which was sold effective April 1, 2013, are not included in our consolidated results of operations from continuing operations for the three and nine months ending September 30, 2013 and 2012. Total revenues for WLAJ-TV and WLWC-TV, which are included in discontinued operations for the nine months ending September 30, 2013, were $0.6 million and $1.6 million, respectively.  Total revenues of WLAJ-TV and WLWC-TV, which are included in discontinued operations for the three months ending September 30, 2012, are $1.1 million and $1.8 million, respectively.  Total revenues of WLAJ-TV and WLWC-TV, which are included in discontinued operations for the nine months ending September 30, 2012, are $2.2 million and $4.7 million, respectively.  Total income before taxes for WLAJ-TV and WLWC-TV, which are included in discontinued operations for the nine months ending September 30, 2013, are $0.2 million and $0.4 million, respectively, and total income(loss) before taxes of WLAJ-TV and WLWC-TV, which are included in discontinued operations for the nine months ending September 30, 2012, are less than $(0.1) million and $0.1 million, respectively.  The resulting gain on the sale of these stations in 2013 was negligible.
	Additionally, we recognized a $6.1 and $11.2 million income tax benefit for the three and nine months ended September 30, 2013, respectively, attributable to the adjustment of certain liabilities for unrecognized tax benefits related to discontinued operations. See discussion under Income Taxes below.
	Interim Financial Statements
	The consolidated financial statements for the three and nine months ended September 30, 2013 and 2012 are unaudited.  In the opinion of management, such financial statements have been presented on the same basis as the audited consolidated financial statements and include all adjustments, consisting only of normal recurring adjustments necessary for a fair statement of the consolidated balance sheets, consolidated statements of operations, consolidated statements of comprehensive income, consolidated statement of equity (deficit) and consolidated statements of cash flows for these periods as adjusted for the adoption of recent accounting pronouncements discussed below.
	As permitted under the applicable rules and regulations of the Securities and Exchange Commission (SEC), the consolidated financial statements do not include all disclosures normally included with audited consolidated financial statements and, accordingly, should be read together with the audited consolidated financial statements and notes thereto in our Annual Report on Form 10-K for the year ended December 31, 2012 filed with the SEC.  The consolidated statements of operations presented in the accompanying consolidated financial statements are not necessarily representative of operations for an entire year.
	Variable Interest Entities
	In determining whether we are the primary beneficiary of a VIE for financial reporting purposes, we consider whether we have the power to direct the activities of the VIE that most significantly impact the economic performance of the VIE and whether we have the obligation to absorb losses or the right to receive returns that would be significant to the VIE.  We consolidate VIEs when we are the primary beneficiary.  The assets of each of our consolidated VIEs can only be used to settle the obligations of the VIE. All the liabilities, including debt held by our VIEs, are non-recourse to us except for Cunningham Broadcasting Company’s (Cunningham) and Deerfield Media, Inc.’s (Deerfield) debt which we guarantee.
	We have entered into local marketing agreements (LMAs) to provide programming, sales and managerial services for television stations of Cunningham, the license owner of seven television stations as of September 30, 2013.  We pay LMA fees to Cunningham and also reimburse all operating expenses.  We also have an acquisition agreement in which we have a purchase option to buy the license assets of the television stations which includes the Federal Communication Commission (FCC) license and certain other assets used to operate the station (License Assets).  Our applications to acquire the FCC licenses are pending approval.  We own the majority of the non-license assets of the Cunningham stations and our Bank Credit Agreement contains certain default provisions whereby insolvency of Cunningham would cause an event of default under our Bank Credit Agreement.  We have determined that the Cunningham stations are VIEs and that based on the terms of the agreements, the significance of our investment in the stations and the cross-default provisions with our Bank Credit Agreement, we are the primary beneficiary of the variable interests because, subject to the ultimate control of the licensees, we have the power to direct the activities which significantly impact the economic performance of the VIEs through the sales and managerial services we provide and we absorb losses and returns that would be considered significant to Cunningham.  See Note 6. Related Person Transactions for more information on our arrangements with Cunningham.  Included in the accompanying consolidated statements of operations for the three months ended September 30, 2013 and 2012 are net broadcast revenues of $25.9 million and $25.5 million, respectively, that relate to LMAs with Cunningham.  For the nine months ended September 30, 2013 and 2012, Cunningham’s stations provided us with approximately $80.3 million and $73.5 million, respectively, of net broadcast revenues.
	We have entered into joint sales agreements (JSAs), shared services agreements (SSAs), and LMAs to provide certain services for the television stations of Deerfield, the license owner of eight television stations as of September 30, 2013.  The initial term of each of the JSAs and SSAs is eight years from the commencement and the agreements may be automatically renewed for successive eight year renewal terms.  We also have purchase options to buy the License Assets of the television stations. We own the majority of the non-license assets of the Deerfield stations and we have also guaranteed the debt of Deerfield.  Additionally, there are leases in place whereby Deerfield leases assets owned by us in order to perform its duties under FCC rules. We have determined that the Deerfield stations are VIEs and that based on the terms of the agreements, the significance of our investment in the stations and our guarantee of Deerfield’s debt, we are the primary beneficiary of the variable interests because, subject to the ultimate control of the licensees, we have the power to direct the activities which significantly impact the economic performance of the VIEs through the sales and managerial services we provide and we absorb losses and returns that would be considered significant to Deerfield.  Included in the accompanying consolidated statements of operations for the three and nine months ended September 30, 2013 are net revenues of $20.8 million and $59.8 million, respectively, that relate to agreements with Deerfield.
	We have outsourcing agreements with certain other license owners, under which we provide certain non-programming related sales, operational and administrative services.  We pay a fee to the license owners based on a percentage of broadcast cash flow and we reimburse all operating expenses.  We also have purchase options to buy the License Assets of these television stations.  We have determined that the License Assets of these stations are VIEs, and, based on the terms of the agreements and the significance of our investment in the stations, we are the primary beneficiary of the variable interests because, subject to the ultimate control of the licensees, we have the power to direct the activities which significantly impact the economic performance of the VIE through the sales and managerial services we provide and because we absorb losses and returns that would be considered significant to the VIEs.  Included in the accompanying consolidated statements of operations for the three months ended September 30, 2013 and 2012 are net broadcast revenues of $11.1 million and $2.6 million, respectively, that relate to these arrangements. For the nine months ended September 30, 2013 and 2012, net broadcast revenues of $30.3 million and $11.9 million, respectively, related to these arrangements.
	As of the dates indicated, the carrying amounts and classification of the assets and liabilities of the VIEs mentioned above which have been included in our consolidated balance sheets for the periods presented (in thousands):
		As of September 30,		As of December 31,
		2013		2012
	ASSETS
	CURRENT ASSETS:
	Cash and cash equivalents	$	11,243	$	3,805
	Accounts receivable	1,608		110
	Income taxes receivable	—		94
	Current portion of program contract costs	6,529		6,113
	Prepaid expenses and other current assets	221		124
	Total current asset	19,601		10,246
	PROGRAM CONTRACT COSTS, less current portion	2,380		1,484
	PROPERTY AND EQUIPMENT, net	14,739		10,806
	RESTRICTED CASH	2,102		—
	GOODWILL	13,812		6,357
	BROADCAST LICENSES	16,832		14,927
	DEFINITE-LIVED INTANGIBLE ASSETS, net	67,237		51,368
	OTHER ASSETS	12,242		12,723
	Total assets	$	148,945	$	107,911
	LIABILITIES
	CURRENT LIABILITIES:
	Accounts payable	$	28	$	15
	Accrued liabilities	1,130		186
	Current portion of notes payable, capital leases and commercial bank financing	5,039		2,123
	Current portion of program contracts payable	8,224		8,991
	Total current liabilities	14,421		11,315
	LONG-TERM LIABILITIES:
	Notes payable, capital leases and commercial bank financing, less current portion	45,122		20,238
	Program contracts payable, less current portion	2,954		2,080
	Total liabilities	$	62,497	$	33,633
	The amounts above represent the consolidated assets and liabilities of the VIEs related to our LMAs, JSAs, SSAs and other outsourcing agreements, as discussed above, for which we are the primary beneficiary, and have been aggregated as they all relate to our broadcast business.  Excluded from the amounts above are payments made to Cunningham under the LMAs which are treated as a prepayment of the purchase price of the stations and capital leases between us and Cunningham which are eliminated in consolidation.  The total payments made under these LMAs as of September 30, 2013 and December 31, 2012, which are excluded from liabilities above, were $32.4 million and $29.8 million, respectively.  The total capital lease liabilities excluded from above were $11.6 million and $11.7 million as of September 30, 2013 and December 31, 2012, respectively.  During the nine months ended September 30, 2013, Cunningham sold a portion of its investment in our Class A Common Stock which is eliminated in consolidation and excluded from assets shown above, for $7.0 million, net of income taxes and has been reflected as an increase in additional paid in capital in the consolidated balance sheet.  Also excluded from the amounts above are liabilities associated with the JSAs, SSAs, and option agreements with the other VIEs totaling $45.2 million and $36.2 million as of September 30, 2013 and December 31, 2012, respectively, as these amounts are eliminated in consolidation.  The risk and reward characteristics of the VIEs are similar.
	In the fourth quarter of 2011, we began providing sales, programming and management services to the Freedom stations pursuant to a LMA.  Effective April 1, 2012, we completed the acquisition of the Freedom stations and the LMA was terminated. We determined that the Freedom stations were VIEs during the period of the LMA based on the terms of the agreement.  We were not the primary beneficiary because the owner of the stations had the power to direct the activities of the VIEs that most significantly impacted the economic performance of the VIEs.  In the consolidated statements of operations for the nine months ended September 30, 2012 are net broadcast revenues of $10.0 million and station production expenses of $7.8 million related to the Freedom LMAs during the second quarter of 2012.
	We have investments in other real estate ventures and investment companies which are considered VIEs.  However, we do not participate in the management of these entities including the day-to-day operating decisions or other decisions which would allow us to control the entity, and therefore, we are not considered the primary beneficiary of these VIEs.  We account for these entities using the equity or cost method of accounting.
	The carrying amounts of our investments in these VIEs for which we are not the primary beneficiary for the periods presented (in thousands):
		As of September 30, 2013				As of December 31, 2012
		Carrying		Maximum		Carrying		Maximum
		amount		exposure		amount		exposure
	Investments in real estate ventures	$	3,545	$	3,545	$	3,648	$	3,648
	Investments in investment companies	26,064		26,064		27,335		27,335
	Total	$	29,609	$	29,609	$	30,983	$	30,983
	The carrying amounts above are included in other assets in the consolidated balance sheets.  The income and loss related to these investments are recorded in income from equity and cost method investments in the consolidated statement of operations.  We recorded income of $0.7 million and $0.3 million in the three months ended September 30, 2013 and 2012, respectively.  We recorded income of $1.4 million and $7.0 million for the nine months ended September 30, 2013 and 2012, respectively.
	Our maximum exposure is equal to the carrying value of our investments.  As of September 30, 2013 and December 31, 2012, our unfunded commitments related to private equity investment funds totaled $16.9 million and $8.9 million, respectively.
	Recent Accounting Pronouncements
	In July 2012, the FASB issued new guidance for testing indefinite-lived intangible assets for impairment.  The new guidance allows companies to perform a qualitative assessment to determine whether further impairment testing of indefinite-lived intangible assets is necessary, similar to the approach now applied to goodwill.  Companies can first determine based on certain qualitative factors whether it is “more likely than not” (a likelihood of more than 50 percent) that an indefinite-lived intangible asset is impaired.  The new standard is intended to reduce the cost and complexity of testing indefinite-lived intangible assets for impairment.  The revised standard is effective for annual and interim impairment tests performed for fiscal years beginning after September 30, 2012 and early adoption is permitted. We adopted this new guidance in the fourth quarter of 2012 when completing our annual impairment analysis. This guidance impacted how we perform our annual impairment testing for indefinite-lived intangible assets and changed our related disclosures for 2012; however, it does not have an impact on our consolidated financial statements as the guidance does not impact the timing or amount of any resulting impairment charges.
	In February 2013, the FASB issued new guidance requiring disclosure of items reclassified out of accumulated other comprehensive income (AOCI).  This new guidance requires entities to present (either on the face of the income statement or in the notes) the effects on the line items of the income statement for amounts reclassified out of AOCI.  The new guidance is effective for annual and interim periods beginning after December 15, 2012.  This guidance does not have a material impact on our financial statements.
	In July 2013, the FASB issued new guidance requiring new disclosure of unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. If a company does not have: (i) a net operating loss carryforward; (ii) a similar tax loss; or (iii) a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The authoritative guidance is effective for fiscal years and the interim periods within those fiscal years beginning on or after December 15, 2013 and should be applied on a prospective basis. We are currently evaluating the impact of this requirement on our financial statements.
	Use of Estimates
	The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses in the consolidated financial statements and in the disclosures of contingent assets and liabilities.  Actual results could differ from those estimates.
	Restricted Cash
During the nine months ending September 2013, we deposited $40.6 million into escrow accounts pursuant to agreements for the acquisitions of Barrington, TTBG, and New Age.  See Note 3. Commitments and Contingencies for more information on these pending acquisitions.  These escrow deposits are classified as restricted cash within noncurrent assets in the consolidated balance sheet as of September 30, 2013.
Additionally, under the terms of certain lease agreements, as of September 30, 2013 and December 31, 2012, we were required to hold $0.2 million of restricted cash related to the removal of analog equipment from some of our leased towers.
Revenue Recognition
Total revenues include: (i) cash and barter advertising revenues, net of agency commissions; (ii) retransmission consent fees; (iii) network compensation; (iv) other broadcast revenues and (v) revenues from our other operating divisions.
Advertising revenues, net of agency commissions, are recognized in the period during which time spots are aired.
Our retransmission consent agreements contain both advertising and retransmission consent elements.  We have determined that our retransmission consent agreements are revenue arrangements with multiple deliverables.  Advertising and retransmission consent deliverables sold under our agreements are separated into different units of accounting at fair value.   Revenue applicable to the advertising element of the arrangement is recognized similar to the advertising revenue policy noted above.  Revenue applicable to the retransmission consent element of the arrangement is recognized over the life of the agreement.
Network compensation revenue is recognized over the term of the contract. All other revenues are recognized as services are provided.
Income Taxes
Our income tax provision for all periods consists of federal and state income taxes.  The tax provision for the three and nine months ended September 30, 2013 and 2012 is based on the estimated effective tax rate applicable for the full year after taking into account discrete tax items and the effects of the noncontrolling interests. We provide a valuation allowance for deferred tax assets if we determine that it is more likely than not that some or all of the deferred tax assets will not be realized.  In evaluating our ability to realize net deferred tax assets, we consider all available evidence, both positive and negative, including our past operating results, tax planning strategies and forecasts of future taxable income.  In considering these sources of taxable income, we must make certain judgments that are based on the plans and estimates used to manage our underlying businesses on a long-term basis.  A valuation allowance has been provided for deferred tax assets related to a substantial portion of our available state net operating loss (NOL) carryforwards, based on past operating results, expected timing of the reversals of existing temporary book/tax basis differences, alternative tax strategies and projected future taxable income.
Our effective income tax rate for the three months and nine months ended September 30, 2013 was lower than the statutory rate primarily due to: 1) a release of a valuation allowance related to state NOL carryforwards, of $5.3 million, net of taxes, due to a law change in a state tax jurisdiction, effective for years beginning after December 31, 2014, which we expect will significantly increase the forecasted future taxable income attributable to that state and result in utilization of the state NOL carryforwards and 2) a $2.2 million adjustment to the income tax provision upon finalization of the 2012 federal income tax return, primarily related to higher than originally projected available income tax deductions.
Our effective income tax rate for the three months ended September 30, 2012 was greater than the statutory rate primarily due to an increase in the income tax reserves related to a state audit settlement in 2012.
Our effective income tax rate nine months ended September 30, 2012 was lower than the statutory rate primarily due to a release of valuation allowance of $7.7 million related to certain deferred tax assets of Cunningham as the weight of all available evidence supports realization of the deferred tax assets. The valuation allowance release determination was based primarily on the sufficiency of forecasted taxable income necessary to utilize NOLs expiring in years 2022 — 2029.  This VIE files separate income tax returns.  Any resulting tax liabilities are nonrecourse to us and we are not entitled to any benefit resulting from the deferred tax assets of the VIE.
As previously discussed above under Discontinued Operations, during the three months ended September 30, 2013, we reduced our liability for unrecognized tax benefits by $6.1 million related to discontinued operations, as we now believe that it is more likely than not that our previously unrecognized state tax position would be sustained upon review of the state tax authority, based on new information obtained during the period.  Additionally, during the second quarter of 2013, we reduced our liability for unrecognized tax benefits by $5.1 million related to discontinued operations, upon the application of limits under an available state administrative practice exception.
Reclassifications
Certain reclassifications have been made to prior years’ consolidated financial statements to conform to the current year’s presentation.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2013
ACQUISITIONS	'
ACQUISITIONS	'
	2.              ACQUISITIONS
	Four Points
	Effective January 1, 2012, we completed the acquisition of the broadcast assets of Four Points, which we had previously operated pursuant to a LMA since October 1, 2011.  The acquired assets consist of the following seven stations in four markets along with the respective network affiliation or program service arrangements: KUTV (CBS) and KMYU (MNT / This TV) in Salt Lake City / St. George, UT; KEYE (CBS) in Austin, TX; WTVX (CW), WTCN (MNT) and WWHB (Azteca) in West Palm Beach / Fort Pierce / Stuart, FL; and WLWC (CW) in Providence, RI / New Bedford, MA.  This acquisition provides expansion into additional markets and increases value based on the synergies we can achieve.
	We paid Four Points $200.0 million in cash, less a working capital adjustment of $0.9 million.  The acquisition was financed with a $180.0 million draw under an incremental Term B Loan commitment under our amended Bank Credit Agreement plus a $20.0 million cash escrow previously paid in September 2011.
	The results of the acquired operations are included in the financial statements of the Company beginning January 1, 2012.  Under the acquisition method of accounting, the purchase price has been allocated to the acquired assets and assumed liabilities based on estimated fair values.  The allocated fair value of acquired assets and assumed liabilities is summarized as follows (in thousands):
	Prepaid expenses and other current assets	$	456
	Program contract costs	3,731
	Property and equipment	34,578
	Broadcast licenses	10,658
	Definite-lived intangible assets	93,800
	Other assets	548
	Accrued liabilities	(381		)
	Program contracts payable	(5,157		)
	Fair value of identifiable net assets acquired	138,233
	Goodwill	60,843
	Total	$	199,076
	The final allocation presented above is based upon management’s estimate of the fair values using valuation techniques including income, cost and market approaches.  In estimating the fair value of the acquired assets and assumed liabilities, the fair value estimates are based on, but not limited to, expected future revenue and cash flows, expected future growth rates, and estimated discount rates.  The amount allocated to definite-lived intangible assets represents the estimated fair values of network affiliations of $66.9 million, the decaying advertiser base of $9.8 million, and other intangible assets of $17.1 million. These intangible assets will be amortized over the estimated remaining useful lives of 15 years for network affiliations, 10 years for the decaying advertiser base and a weighted average of 14 years for the other intangible assets.  Acquired property and equipment will be depreciated on a straight-line basis over the respective estimated remaining useful lives.  Goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and represents the future economic benefits expected to arise from other intangible assets acquired that do not qualify for separate recognition, including assembled workforce and noncontractual relationships, as well as expected future synergies.  We expect that goodwill will be deductible for tax purposes.  Certain measurement period adjustments have been made since the initial allocation in the first quarter of 2012, which were not material to the consolidated financial statements.
	Prior to the acquisition, since October 1, 2011, we provided sales, programming and management services to the stations pursuant to an LMA.  During that period, we funded the working capital needs of the stations, which totaled $8.1 million as of December 31, 2011 and was reflected as cash flows used in operating activities within the consolidated statement of cash flows for that period.  This working capital is not reflected in the purchase price allocation presented above.
	The results of operations for the three and nine months ended September 30, 2012 include the results of the Four Points stations since January 1, 2012.  Net broadcast revenues and operating income of the Four Points stations included in our consolidated statements of operations, were $17.9 million and $4.4 million for the three months ended September 30, 2013, respectively, and $54.3 million and $14.0 million for the nine months ended September 30, 2013, respectively.  Net broadcast revenues and operating income of the Four Points stations included in our consolidated statements of operations, were $18.7 million and $4.1 million for the three months ended September 30, 2012, respectively, and $52.9 million and $11.6 million for the nine months ended September 30, 2012, respectively.  These amounts exclude the operations of WLWC-TV, which was sold effective April 1, 2013 and are classified as discontinued operations in the consolidated statements of operations.  See Note 1. Nature of Operations and Summary of Significant Accounting Policies.  Net broadcast revenues and operating income (loss) of WLWC-TV were $1.4 million and $0.2 million for the nine months ended September 30, 2013, respectively.  Net broadcast revenues and operating income (loss) of WLWC-TV were $1.4 million and $(0.2) million, respectively, for the three months ended September 30, 2012 and $4.1 million and $0.1 million for the nine months ended September 30, 2012, respectively.
	Freedom
	Effective April 1, 2012, we completed the acquisition of the broadcast assets of Freedom, which we had previously operated pursuant to a LMA since December 1, 2011. The acquired assets consist of the following eight stations in seven markets along with the respective network affiliation or program service arrangements: WPEC (CBS) in West Palm Beach, FL; WWMT (CBS) in Grand Rapids/Kalamazoo/Battle Creek, MI;  WRGB (CBS) and WCWN (CW) in Albany, NY; WTVC (ABC) in Chattanooga, TN; WLAJ (ABC) in Lansing, MI; KTVL (CBS) in Medford-Klamath Falls, OR; and KFDM (CBS) in Beaumont/Port Arthur/Orange, TX.  This acquisition provides expansion into additional markets and increases value based on the synergies we can achieve.
	We paid Freedom $385.0 million plus a working capital adjustment of $0.3 million.  The acquisition was financed with a draw under a $157.5 million incremental Term Loan A and a $192.5 million incremental Term B Loan commitment under our amended Bank Credit Agreement, plus a $38.5 million cash escrow previously paid in November 2011.
	The results of the acquired operations are included in the financial statements of the Company beginning April 1, 2012.  Under the acquisition method of accounting, the purchase price has been allocated to the acquired assets and assumed liabilities based on estimated fair values.  The allocated fair value of acquired assets and assumed liabilities is summarized as follows (in thousands):
	Prepaid expenses and other current assets	$	373
	Program contract costs	3,520
	Property and equipment	54,109
	Broadcast licenses	10,424
	Definite-lived intangible assets	140,963
	Other assets	278
	Accrued liabilities	(589		)
	Program contracts payable	(3,404		)
	Fair value of identifiable net assets acquired	205,674
	Goodwill	179,609
	Total	$	385,283
	The final allocation presented above is based upon management’s estimate of the fair values using valuation techniques including income, cost and market approaches.  In estimating the fair value of the acquired assets and assumed liabilities, the fair value estimates are based on, but not limited to, expected future revenue and cash flows, expected future growth rates, and estimated discount rates.  The amount allocated to definite-lived intangible assets represents the estimated fair values of network affiliations of $93.1 million, the decaying advertiser base of $25.1 million, and other intangible assets of $22.8 million.  These intangible assets will be amortized over the estimated remaining useful lives of 15 years for network affiliations, 10 years for the decaying advertiser base and a weighted average life of 16 years for the other intangible assets.  Acquired property and equipment will be depreciated on a straight-line basis over the respective estimated remaining useful lives.  Goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and represents the future economic benefits expected to arise from other intangible assets acquired that do not qualify for separate recognition, including assembled workforce and noncontractual relationships, as well as expected future synergies.  We expect that goodwill will be deductible for tax purposes.  Certain measurement period adjustments have been made since the initial allocation in the second quarter of 2012, which were not material to the consolidated financial statements.
	Prior to the acquisition, since December 1, 2011, we provided sales, programming and management services to the stations pursuant to an LMA.  During that period, we funded the working capital needs of the stations, which totaled $1.5 million as of December 31, 2011 and $9.6 million as of April 1, 2012, the date of acquisition, and was reflected as cash flows used in operating activities within the consolidated statement of cash flows for those periods.  This working capital is not reflected in the purchase price allocation presented above.
	The results of operations for the nine months ended September 30, 2012 includes the results of the Freedom stations since April 1, 2012.  Net broadcast revenues and operating income of the Freedom stations included in our consolidated statements of operations, were $26.2 million and $6.7 million for the three months ended September 30, 2013, respectively, and $79.9 million and $20.8 million for the nine months ended September 30, 2013, respectively.  Net broadcast revenues and operating income of the Freedom stations included in our consolidated statements of operations, were $26.8 million and $5.0 million for the three months ended September 30, 2012, respectively, and $52.5 million and $14.0 million for the nine months ended September 30, 2012, respectively.  These amounts exclude the operations of WLAJ-TV, which was sold effective, January 1, 2013 and are classified as discontinued operations in the consolidated statements of operations.  See Note 1. Nature of Operations and Summary of Significant Accounting Policies.  Net broadcast revenues and operating income of WLAJ-TV were $0.7 million and $0.1 million for the nine months ended September 30, 2013, respectively.  Net broadcast revenues and operating loss of WLAJ-TV were $1.1 million and $0.2 million, respectively, for the three months ended September 30, 2012 and $2.1 million and zero for the nine months ended September 30, 2012, respectively.  Additionally, during the first quarter 2012, prior to the acquisition, we recorded net broadcast revenues of $10.0 million related to the Freedom LMAs.
	Newport
	Effective December 1, 2012, we completed the acquisition of certain broadcast assets of Newport Television (Newport). The acquired assets relate to the following seven stations in six markets along with the respective network affiliation or program service arrangements: WKRC (CBS) in Cincinnati, OH; WOAI (NBC) in San Antonio, TX; WHP (CBS) in Harrisburg/Lancaster/Lebanon/York, PA; WPMI (NBC) and WJTC (IND) in Mobile, AL/Pensacola, FL; KSAS (FOX) in Wichita/Hutchinson, KS; and WHAM (ABC) in Rochester, NY.  We also acquired Newport’s rights under the local marketing agreements with WLYH (CW) in Harrisburg, PA and KMTW (MNT) in Wichita, KS, as well as options to acquire the license assets.  This acquisition provides expansion into additional markets and increases value based on the synergies we can achieve.
	We paid Newport $460.5 million in cash, less a working capital adjustment of $1.3 million.  We financed the $460.5 million purchase price, less the $41.3 million in escrow with the net proceeds from the 6.125% Notes issued in October 2012.
	Our right to acquire certain of the license assets of WPMI and WJTC in Mobile, AL was assigned to Deerfield and Deerfield acquired these assets effective December 1, 2012 for $6.0 million. Additionally, Deerfield acquired the license assets of WHAM in Rochester, NY effective February 1, 2013 for $6.0 million, using borrowings under its bank credit facility. Prior to Deerfield’s acquisition of the assets of WHAM, the assets were owned by Newport.  Concurrent with the acquisition of WKRC in Cincinnati, OH and WOAI in San Antonio, TX from Newport, we sold to Deerfield the license assets of two of our existing stations located in Cincinnati, OH (WSTR MNT) and San Antonio, TX (KMYS CW) for a total of $10.7 million. Deerfield financed these purchases with third party bank financing which we have guaranteed. We have assignable purchase option agreements with Deerfield to acquire the license assets upon FCC approval and operate the stations pursuant to shared services and joint sales agreements with Deerfield. We consolidate the license assets owned by Deerfield because the licensee companies are VIEs and we are the primary beneficiary. Prior to Deerfield acquiring the license assets of WHAM in Rochester, NY on February 1, 2013, we operated the station pursuant to a shared services and joint sales agreement with Newport. We consolidated the license assets owned by Newport from December 1, 2012 to January 31, 2013 because the licensee company was a VIE and the Company is the primary beneficiary. See Variable Interest Entities in Note 1.  Nature of Operations and Summary of Significant Accounting Policies.  The purchase of the license assets by Deerfield in February 2013 was accounted for as a transaction between parties under common control.
	Under the acquisition method of accounting, the results of the acquired operations are included in the financial statements of the Company beginning December 1, 2012. The initial purchase price has been allocated to the acquired assets and assumed liabilities based on estimated fair values. The initial purchase price allocated includes $460.5 million paid for certain broadcast assets of the seven stations from Newport and the rights under the LMAs with the two other stations, $6.0 million paid by Deerfield for the license assets of WPMI and WJTC and $6.0 million paid by Deerfield for the license assets of WHAM, and $0.2 million of noncontrolling interests related to the WLYH VIE, less a working capital adjustment of $1.3 million. The sale of the license assets of WSTR in Cincinnati, OH and KMYS in San Antonio, TX was considered a transaction between parties under common control and therefore was not included in the purchase price allocation. The purchase price allocation is preliminary pending a final determination of the fair values of the assets and liabilities. The initial allocated fair value of acquired assets and assumed liabilities, including the assets owned by VIEs, is summarized as follows (in thousands):
	Prepaid expenses and other current assets	$	1,390
	Program contract costs	10,378
	Property and equipment	53,883
	Broadcast licenses	15,581
	Definite-lived intangible assets	240,013
	Other assets	1,097
	Accrued liabilities	(3,928		)
	Program contracts payable	(11,634		)
	Fair value of identifiable net assets acquired	306,780
	Goodwill	164,621
	Total	$	471,401
	The preliminary allocation presented above is based upon management’s estimate of the fair values using valuation techniques including income, cost and market approaches.  In estimating the fair value of the acquired assets and assumed liabilities, the fair value estimates are based on, but not limited to, expected future revenue and cash flows, expected future growth rates, and estimated discount rates.  The amount allocated to definite-lived intangible assets represents the estimated fair values of network affiliations of $176.0 million, the decaying advertiser base of $23.7 million, and other intangible assets of $40.3 million. These intangible assets will be amortized over the estimated remaining useful lives of 15 years for network affiliations, 10 years for the decaying advertiser base and a weighted average of 14 years for the other intangible assets.  Acquired property and equipment will be depreciated on a straight-line basis over the respective estimated remaining useful lives.  Goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and represents the future economic benefits expected to arise from other intangible assets acquired that do not qualify for separate recognition, including assembled workforce and noncontractual relationships, as well as expected future synergies.  We expect that goodwill will be deductible for tax purposes.  The preliminary purchase price allocation is based upon all information available to us at the present time and is subject to change, and such changes could be material.  Certain measurement period adjustments have been made since the initial allocation in the fourth quarter of 2012, which were not material to our consolidated financial statements.
	Net broadcast revenues and operating income of the Newport stations included in our consolidated statements of operations, were $36.1 million and $5.5 million for the three months ended September 30, 2013, respectively, and $109.3 million and $25.3 million for the nine months ended September 30, 2013, respectively.
	Fisher Communications
	Effective August 8, 2013, we completed the acquisition of all of the outstanding common stock of Fisher Communications, Inc. (Fisher). We paid $373.2 million to the shareholders of the Fisher common stock, representing $41.0 per common share. We financed the total purchase price with cash on hand. Fisher owns certain broadcast assets related to the following twenty-two stations, and four radio stations in 8 markets along with the respective network affiliation or program service arrangements: KOMO (ABC) and KUNS (Univision) in Seattle-Tacoma, WA; KATU (ABC), KUNP(Univision), and KUNP-LP (Univision) in Portland, OR; KLEW (CBS) in Spokane, WA; KBOI (CBS) and KYUU-LD (CW) in Boise, ID; KVAL (CBS), KCBY (CBS), KPIC (CBS), KMTR (NBC), KMCB (NBC), and KTCW (NBC) in Eugene, OR; KIMA (CBS), KEPR (CBS), KUNW-CD (Univision), and KVVK-CD (Univision), in Yakima/Pasco/Richland/Kennewick, WA; KBAK (CBS) and KBFX-CD (FOX) in Bakersfield, CA; as well as KIDK (CBS/FOX) and KXPI (FOX) in Idaho Falls/Pocatello, ID. The four radio stations acquired are: KOMO (AM/FM), KPLZ (FM) and KVI (AM) in the Seattle/Tacoma, WA market.  This acquisition provides expansion into additional markets and increases value based on the synergies we can achieve.
	The results of the acquired operations are included in the financial statements of the Company beginning on August 8, 2013.  Under the acquisition method of accounting, the initial purchase price has been allocated to the acquired assets and assumed liabilities based on estimated fair values.  The allocation reflects the consolidation of net assets of the third party which owns the license and related assets of KMTR in Eugene, OR, which we have consolidated, as the licensee is considered to be a VIE and we are the primary beneficiary of the variable interests. Additionally, another third party that performs certain services pursuant to outsourcing agreement to our stations in Idaho Falls, ID  (KIDK and KXPI), has exercised an existing purchase option to purchase the broadcast assets of the two stations for $5.9 million.  These assets have been classified as assets held for sale in the initial purchase price allocation and in our consolidated balance sheet as of September 30, 2013.  Also included in the liabilities assumed are obligations under a noncontributory supplemental retirement program that covers former members of management of Fisher.  The program was frozen in 2005 and does not include any active employees.  The estimated projected benefit obligation at the acquisition date was $23.5 million, based on an estimated discount rate of 3.6%.  Fisher had funded the obligation with annuity contracts and life insurance policies, which Fisher was the owner and beneficiary.  Included in the assets acquired are the estimated fair value based on the cash value of the annuity contracts and cash surrender value of the life insurance policies, totaling $17.9 million.  The purchase price allocation is preliminary pending a final determination of the fair values of the assets and liabilities. The allocated fair value of acquired assets and assumed liabilities is summarized as follows (in thousands):
	Cash	$	13,531
	Accounts Receivable	29,962
	Prepaid expenses and other current assets	2,079
	Program contract costs	10,954
	Property and equipment	48,616
Broadcast licenses	11,058
Definite-lived intangible assets	156,332
Other assets	24,632
Assets Held for Sale	5,900
Accounts payable and accrued liabilities	(20,342		)
Program contracts payable	(10,954		)
Deferred Tax Liability	(50,416		)
Other long-term liabilities	(25,482		)
Fair value of identifiable net assets acquired	195,870
Goodwill	177,326
Total	$	373,196
The preliminary allocation presented above is based upon management’s estimate of the fair values using valuation techniques including income, cost and market approaches.  In estimating the fair value of the acquired assets and assumed liabilities, the fair value estimates are based on, but not limited to, expected future revenue and cash flows, expected future growth rates, and estimated discount rates.  The amount allocated to definite-lived intangible assets represents the estimated fair values of network affiliations of $100.6 million, the decaying advertiser base of $15.0 million, and other intangible assets of $40.8 million.  These intangible assets will be amortized over the estimated remaining useful lives of 15 years for network affiliations, 10 years for the decaying advertiser base and a weighted average life of 15 years for the other intangible assets.  Acquired property and equipment will be depreciated on a straight-line basis over the respective estimated remaining useful lives.  Goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and represents the future economic benefits expected to arise from other intangible assets acquired that do not qualify for separate recognition, including assembled workforce and noncontractual relationships, as well as expected future synergies.  We expect that goodwill deductible for tax purposes will be approximately $19.5 million.
The results of operations for the three and nine months ended September 30, 2013 includes the results of the Fisher stations since August 8, 2013.  Net broadcast revenues and operating income of the Fisher stations included in our consolidated statements of operations, were $25.9 million and $8.2 million for the three and nine months ended September 30, 2013.  Post-acquisition, we recognized $4.3 million of severance expense related to certain Fisher executives and employees that have been or will be terminated who had existing agreements in place prior to close.
Pro Forma Information
The following table sets forth unaudited pro forma results of continuing operations for the three and nine months ended September 30, 2012, assuming that the acquisitions of the Freedom, Newport, and Fisher stations discussed above, along with transactions necessary to finance the acquisitions, occurred at the beginning of the annual period presented (in thousands, except per share data):
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013		2012
Total revenues	$	354,545		$	335,849		$	1,030,175	$	972,305
Net Income	$	28,380		$	29,877		$	57,487	$	84,146
Net Income attributable to Sinclair Broadcast Group	$	28,071		$	29,733		$	57,072	$	84,139
Basic and diluted earnings per share attributable to Sinclair Broadcast Group	$	0.28		$	0.37		$	0.7	$	1.04
The results of operations of the Four Points stations were included in our consolidated statements of operations for the three and nine months ended September 30, 2013 and 2012.  The results of operations, of all of the aforementioned acquired stations, were included in our consolidated statement of operations for the three and nine months ended September 30, 2013.
This pro forma financial information is based on historical results of operations, adjusted for the allocation of the purchase price and other acquisition accounting adjustments, and is not necessarily indicative of what our results would have been had we operated the businesses since the beginning of the annual period presented.  The pro forma adjustments reflect depreciation expense, amortization of intangibles and amortization of program contract costs related to the fair value adjustments of the assets acquired, additional interest expense related to the financing of the transactions, exclusion of nonrecurring financing and transaction related costs, alignment of accounting policies and the related tax effects of the adjustments.  The pro forma revenues exclude the revenues of WLAJ-TV, which are classified as discontinued operations in the consolidated statements of operations.  Total revenues of WLAJ-TV, which are excluded from the pro forma results above for the nine months ended September 30, 2013 were $1.0 million.
Other Acquisitions
We acquired five other television stations during the year ended December 31, 2012 in three markets. The initial purchase price allocated includes $45.1 million paid for certain broadcast assets of these stations, less working capital adjustments of $0.7 million, and $4.4 million of non-controlling interests related to, and amounts paid by certain VIEs for the license assets of certain of these stations owned by VIEs that we consolidate. In addition to the Fisher acquisition, we acquired eight television stations during the first nine months of 2013 in six markets, which four of the six markets were acquired from Cox Media Group in May 2013. Additionally, two of the eight stations were acquired in one market from TTBG LLC (TTBG) on September 30, 2013. The initial purchase price allocated includes $136.9 million paid for certain broadcast assets of these stations, less working capital adjustments of $4.4 million, plus $3.1 million paid by Deerfield for the license assets of certain of these stations owned by VIEs that we consolidate. We allocated the total purchase price of these within the respective years, as follows (in thousands):
	2013			2012
Prepaid expenses and other current assets	$	1,991		$	160
Program contract costs	7,594			1,638
Property and equipment	35,439			16,545
Broadcast licenses	1,611			2,679
Definite-lived intangible assets	48,049			22,546
Accrued liabilities	(2,086		)	(1,178		)
Program contracts payable	(7,625		)	(4,252		)
Fair value of identifiable net assets acquired	84,973			38,138
Goodwill	50,674			10,661
Total	$	135,647		$	48,799
In December 2012, we acquired the license assets of WTTA-TV in Tampa/St. Petersburg, Florida from Bay Television, Inc. (Bay TV). Prior to December 1, 2012, we performed sales, programming and other management services to the station pursuant to an LMA which was terminated upon closing. As discussed in Note 6. Related Person Transactions, our controlling shareholders own a controlling interest in Bay TV. As this was considered a transaction between entities under common control, the acquisition method of accounting was not applied, and the assets acquired were recorded at their historical cost basis and the difference between the purchase price and the historical cost basis of the assets of $23.6 million, net of taxes of $15.6 million, was recorded as a reduction in additional paid-in capital. A substantial portion of the purchase price will be deductible for tax purposes in future periods. Net broadcast revenues and operating income of these stations, included in our consolidated statements of operations were $29.5 million and $6.7 million for the three months ended September 30, 2013, respectively, and $47.0 million and $10.5 million for the nine months ended September 30, 2013, respectively.
In conjunction with all acquisitions in 2012 and 2013, we incurred transaction costs of approximately $3.5 million, which are reported in general and administrative expenses in the accompanying consolidated statements of operations, as incurred.  For the three and nine months ended September 30, 2013, such costs totaled $0.1 million and $1.0 million, respectively.  For the three and nine months ended September 30, 2012, there were $0.4 and $0.9 million, respectively.  These costs were not included in the pro forma amounts above as they are nonrecurring in nature.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES:	9 Months Ended
	Sep. 30, 2013
COMMITMENTS AND CONTINGENCIES:	'
COMMITMENTS AND CONTINGENCIES:	'
	3.              COMMITMENTS AND CONTINGENCIES:
	Litigation
	We are party to lawsuits and claims from time to time in the ordinary course of business.  Actions currently pending are in various preliminary stages and no judgments or decisions have been rendered by hearing boards or courts in connection with such actions.  After reviewing developments to date with legal counsel, our management is of the opinion that the outcome of our pending and threatened matters will not have a material adverse effect on our consolidated balance sheets, consolidated statements of operations or consolidated statements of cash flows.
	Various parties have filed petitions to deny our applications or our LMA partners’ applications for the following stations’ license renewals: WXLV-TV, Winston-Salem, North Carolina; WMYV-TV, Greensboro, North Carolina; WLFL-TV, Raleigh / Durham, North Carolina; WRDC-TV, Raleigh / Durham, North Carolina; WLOS-TV, Asheville, North Carolina, WMMP-TV, Charleston, South Carolina; WTAT-TV, Charleston, South Carolina; WMYA-TV, Anderson, South Carolina; WICS-TV Springfield, Illinois; WBFF-TV, Baltimore, Maryland; KGAN-TV, Cedar Rapids, Iowa; WTTE-TV, Columbus, Ohio; WRGT-TV, Dayton, Ohio; WVAH-TV, Charleston / Huntington, West Virginia; WCGV-TV, Milwaukee, Wisconsin; WTTO-TV, Birmingham, AL; KXVO-TV, Omaha, NE (acquired on October 1, 2013); WNAB-TV, Nashville, TN; WPMI-TV, Mobile, AL; WWHO-TV, Chillicothe, OH and WUTB-TV in Baltimore, MD.  The FCC is in the process of considering the renewal applications and we believe the petitions have no merit.
	Network Affiliations
	On May 14, 2012, the Company and the licensees of stations to which we provide services, representing 20 affiliates of Fox Broadcast Company (FOX), extended the network affiliation agreements with FOX from the existing term of December 31, 2012 to December 31, 2017.  Concurrently, we entered into an assignable option agreement with Fox Television Stations, Inc. (FTS) giving us or our assignee the right to purchase substantially all the assets of the WUTB station (Baltimore, MD) owned by FTS, which had a program service arrangement with MyNetworkTV, for $2.7 million.  In October 2012, we exercised our option and purchased the assets of WUTB effective June 1, 2013.   As part of this transaction, we also granted options to FTS to purchase the assets of television stations we own in up to three out of four designated markets, which options expired unexercised.  In the second quarter of 2012, we paid $25.0 million to FOX pursuant to the agreements and we recorded $50.0 million in other assets and $25.0 million of other accrued liabilities within the consolidated balance sheet, representing the additional obligation due to FOX which was paid in the second quarter of 2013.  The $50.0 million asset is being amortized through the current term of the affiliation agreement ending on December 31, 2017.  Approximately $2.2 million and $6.6 million of amortization expense has been recorded in the consolidated statement of operations for the three and nine months ended September 30, 2013, respectively.  Approximately $2.2 million and $3.3 million of amortization expense has been recorded in the consolidated statement of operations during the three and nine months ended September 30, 2012.  In addition, we are required to pay to FOX programming payments under the terms of the affiliation agreements.  These payments are recorded in station production expenses as incurred.
	Pending Acquisitions
	In February 2013, we entered into an agreement to purchase the broadcast assets of eighteen television stations owned by Barrington Broadcasting Group, LLC (Barrington) for $370.0 million, less amounts to be paid by third parties, and entered into agreements to operate or provide sales services to another six stations. The twenty-four stations are located in fifteen markets. Also, the Company will sell its station WSYT-TV (FOX) and assign its LMA with WNYS-TV (MNT) in Syracuse, NY to a third party, and sell its station in Peoria IL, WYZZ-TV (FOX) to Cunningham due to FCC conflict ownership rules. The transaction is expected to close in the fourth quarter of 2013 subject to the approval of the FCC, antitrust clearance, and customary closing conditions.  We expect to fund the purchase price through cash on hand or a delayed draw under our bank credit agreement.
	In July 2013, we 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 and NewsChannel 8, a 24-hour cable/satellite news network covering the Washington D.C. metropolitan area. The transaction is expected to close late in the first quarter of 2014 or early in the second quarter of 2014, subject to approval of the FCC, antitrust clearance, and other customary closing conditions.   We expect to fund the purchase price at closing through additional borrowings under our bank credit facility.  Additionally, to comply with FCC local television ownership rules, we expect to sell the license and certain related assets of 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.
	In September 2013, we entered into a definitive agreement to purchase the broadcast assets of eight television stations owned by New Age Media located in three markets, for an aggregate purchase price of $90.0 million. The transaction is expected to close in the first quarter of 2014, subject to approval of the FCC, antitrust clearance, and other customary closing conditions.  We expect to fund the purchase price through cash on hand or a delayed draw under our bank credit agreement. Additionally, Wilkes/Barre/Scranton, PA – WSWB, Tallahassee, FL – WTLH and WTLF and Gainesville, FL – WMBW will be purchased by a third party; we will continue to provide sales and other non-programming support services to each of these stations, pursuant to customary share services and joint sales agreements.
	In June 2013, we entered into a definitive agreement to purchase the stock and broadcast assets of four television stations owned by TTBG LLC (TTBG) located in three markets for $115.4 million.  Also, the Company will assign its right to purchase the license related assets of two of the stations to Deerfield due to FCC conflict ownership rules.  The Company will provide sales and other services to these two Deerfield stations.  We completed the acquisition of two of the four stations on September 30, 2013.  We completed the acquisition of the remaining two stations on October 1, 2013. We expect to fund the purchase price through cash on hand.

NOTES_PAYABLE_AND_COMMERCIAL_B

NOTES PAYABLE AND COMMERCIAL BANK FINANCING	9 Months Ended
	Sep. 30, 2013
NOTES PAYABLE AND COMMERCIAL BANK FINANCING	'
NOTES PAYABLE AND COMMERCIAL BANK FINANCING	'
	4.              NOTES PAYABLE AND COMMERCIAL BANK FINANCING
	Bank Credit Agreement
	On April 9, 2013, we entered into an amendment and restatement (the April Amendment) of our credit agreement (as amended, the April Bank Credit Agreement).  Pursuant to the April Amendment, we refinanced the existing facility and replaced the existing term loans under the facility with a new $500.0 million term loan A facility (Term Loan A), maturing April 2018 and priced at LIBOR plus 2.25%; and a $400.0 million term loan B facility (Term Loan B), maturing April 2020 and priced at LIBOR plus 2.25% with a LIBOR floor of 0.75%.
	In addition, we replaced our existing revolving line of credit with a new $100.0 million revolving line of credit maturing April 2018 and priced at LIBOR plus 2.25%.  The proceeds from the term loans, along with cash on hand and/or a draw under the revolving line of credit, will be used to fund future acquisitions.
	Due to timing related to the closing and funding requirements of the pending acquisitions, approximately $445.0 million of the new Term Loan A was drawn on a delayed basis, in October 2013.  We also amended certain terms of the April Bank Credit Agreement, including increased uncommitted incremental loan capacity, increased television station acquisition capacity and increased flexibility under the restrictive covenants.
	We recognized a loss on extinguishment of the old facility, primarily related to the repayment of the previous term loan B with proceeds from the 5.375% Notes, of $16.3 million, consisting of deferred financing costs and debt discount.  Of the financing costs incurred related to the April Amendment, $9.7 million was capitalized as deferred financing costs and $2.4 million was charged to interest expense during the nine months ended September 30, 2013.  During the three months ended September 30, 2013, we revised the amount of capitalized fees originally recorded of $7.3 million to $9.7 million, resulting in a reduction in interest expense of $2.4 million during the third quarter.  The impact of the revision is not material to the financial statements of any period.
	On October 23, 2013, we entered into an amendment and restatement (the October Amendment) of our bank credit agreement (as amended, the October Bank Credit Agreement). Pursuant to the amendment, we raised $450.0 million of incremental loans, which consisted of $200.0 million in incremental delayed draw term loan A loans, maturing April 2018 and priced at LIBOR plus 2.25%; and $250.0 million in incremental term loan B loans, maturing April 2020 and priced at LIBOR plus 2.25% with a LIBOR floor of 0.75%.  The October Amendment raised the total capacity of the term loan A and B loans to $700.0 million and $650.0 million, respectively.  In addition, we obtained an additional $57.5 million of capacity under our revolving line of credit maturing April 2018.  The terms loans are expected to be used to fund future acquisitions and for general corporate purposes.    We also amended certain terms of the Bank Credit Agreement, including increased uncommitted incremental loan capacity, increased television station acquisition capacity and increased flexibility under the restrictive covenants.  We expect to incur $10.6 million in financing costs related to the October Amendment, which we expect to capitalize as deferred financing costs.
	6.375% Senior Notes, due 2021
	On October 11, 2013, we issued $350.0 million in senior unsecured notes, which bear interest at a rate of 6.375% per annum and mature on November 1, 2021 (the 6.375% Notes), pursuant to an indenture dated October 11, 2013 (the 6.375% Indenture). The 6.375% Notes were priced at 100% of their par value and interest is payable semi-annually on May 1 and November 1, commencing on May 1, 2014. Prior to November 1, 2016, we may redeem the 6.375% Notes, in whole or in part, at any time or from time to time at a price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest, if any, to the date of redemption, plus a “make-whole” premium as set forth in the 6.375% Indenture. In addition, on or prior to November 1, 2016, we may redeem up to 35% of the 6.375% Notes using the proceeds of certain equity offerings. If we sell certain of our assets or experience specific kinds of changes of control, holder of the 6.375% Notes may require us to repurchase some or all of the Notes.  Upon the sale of certain of our assets or certain changes of control, the holders of the 6.375% Notes may require us to repurchase some or all of the notes.  The proceeds from the offering of the 6.375% Notes were used to partially fund the redemption of the 9.25% Senior Secured Second Lien Notes, Due 2017 (the 9.25% Notes), as discussed further below. Concurrent with entering into an indenture for the 6.375% Notes in October 2013, we also entered into a registration rights agreement requiring us to complete an offer of an exchange of the 6.375% Notes for registered securities with the Securities and Exchange Commission (the SEC) by July 8, 2014.
	5.375% Senior Unsecured Notes, due 2021
	On April 2, 2013, we issued $600.0 million of senior unsecured notes, which bear interest at a rate of 5.375% per annum and mature on April 1, 2021 (the 5.375% Notes), pursuant to an indenture dated April 2, 2013 (the 5.375% Indenture).  The 5.375% Notes were priced at 100% of their par value and interest is payable semi-annually on April 1 and October 1, commencing on October 1, 2013.  Prior to April 1, 2016, we may redeem the 5.375% Notes, in whole or in part, at any time or from time to time at a price equal to 100% of the principal amount of the 5.375% Notes plus accrued and unpaid interest, if any, to the redemption date, plus a “make-whole” premium as set forth in the 5.375% Indenture.  Beginning on April 1, 2016, we may redeem some or all of the 5.375% Notes at any time or from time to time at a redemption price set forth in the 5.375% Indenture.  In addition, on or prior to April 1, 2016, we may redeem up to 35% of the 5.375% Notes using proceeds of certain equity offerings.  Upon the sale of certain of our assets or certain changes of control, the holders of the 5.375% Notes may require us to repurchase some or all of the notes.  The net proceeds from the offering of the 5.375% Notes were used to pay down outstanding indebtedness under our bank credit facility. Concurrent with entering into an indenture for the 5.375% Notes in April 2013, we also entered into a registration rights agreement requiring us to complete an offer of an exchange of the 5.375% Notes for registered securities with the Securities and Exchange Commission (the SEC) by December 28, 2013.  We filed a registration statement on Form S-4 with the SEC on April 4, 2013, which became effective on April 16, 2013.  An exchange offer was launched on May 23, 2013 to exchange the unregistered 5.375% Notes with the holders for 5.375% Notes registered under the Securities Act of 1933.  The exchange offer was completed on June 28, 2013 with 100% of the $600.0 million 5.375% Senior Unsecured Notes due 2021 tendered in the exchange offer.
	6.125% Senior Unsecured Notes, due 2022
	Concurrent with entering into an indenture for the 6.125% Notes in October 2012, we also entered into a registration rights agreement requiring us to complete an offer of an exchange of the 6.125% Notes for registered securities with the Securities and Exchange Commission (the SEC) by July 8, 2013.  We filed a registration statement on Form S-4 with the SEC on April 4, 2013 which became effective on April 16, 2013.  An exchange offer was launched on May 23, 2013 to exchange the unregistered 6.125% Notes with the holders for 6.125% Notes registered under the Securities Act of 1933.  The exchange offer was completed on June 28, 2013 with 100.0% of the $500.0 million 6.125% Senior Unsecured Notes due 2022 tendered in the exchange offer.
	9.25% Convertible Senior Notes
	Effective October 12, 2013, we redeemed all of the outstanding 9.25% Senior Secured Second Lien Notes, representing $500.0 million in aggregate principal amount.  Upon the redemption, along with the principal, we paid the accrued and unpaid interest and a make whole premium of $25.4 million, for a total of $546.1 million paid to noteholders.  We expect to record a loss on extinguishment of $43.1 million in the fourth quarter of 2013 related to this redemption.
	4.875% Convertible Senior Notes, due 2018 and 3.0% Convertible Senior Notes, Due 2027
	In September 2013, 100% of the outstanding 4.875% Convertible Senior Notes, due in 2018 (the 4.875% Notes), representing aggregate principal of $5.7 million, were converted into 388,632 shares of Class A Common Stock, as permitted under the indenture, resulting in an increase in additional paid-in capital of $7.3 million, net of income taxes.
	In October 2013, 100% of the outstanding 3.0% Convertible Senior Notes, due in 2027 (the 3.0% Notes), representing aggregate principal of $5.4 million, were converted and settled fully in cash of $10.5 million, as permitted under the indenture.  As the original terms of the indenture included a cash conversion feature, the effective settlement of the liability and equity components will be accounted for separately.  We expect the redemption of the liability component to result in a $0.9 million gain on extinguishment, and the redemption of the equity component will be recorded as a reduction in additional paid-in capital, net of taxes.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2013
EARNINGS PER SHARE	'
EARNINGS PER SHARE	'
	5.              EARNINGS PER SHARE
	The following table reconciles income (numerator) and shares (denominator) used in our computations of diluted earnings per share for the periods presented (in thousands):
		Three Months Ended September 30,						Nine Months Ended September 30,
		2013			2012			2013			2012
	Income (Numerator)
	Income from continuing operations	$	30,551		$	26,477		$	60,022		$	85,736
	Income impact of assumed conversion of the 4.875% Notes, net of taxes	—			45			—			135
	Net (income) loss attributable to noncontrolling interests included in continuing operations	(309		)	(107		)	(415		)	106
	Numerator for diluted earnings per common share from continuing operations available to common shareholders	30,242			26,415			59,607			85,977
	Income (loss) from discontinued operations, net of taxes	6,100			(125		)	11,558			(178		)
	Numerator for diluted earnings available to common shareholders	$	36,342		$	26,290		$	71,165		$	85,799
	Shares (Denominator)
	Weighted-average common shares outstanding	99,473			81,081			90,982			80,990
	Dilutive effect of stock settled appreciation rights, restricted stock awards and outstanding stock options	766			44			567			23
	Dilutive effect of 4.875% Notes	—			254			—			254
	Weighted-average common and common equivalent shares outstanding	100,239			81,379			91,549			81,267
	Potentially dilutive securities representing zero and 1.4 million shares of common stock for the three months ended September 30, 2013 and 2012, respectively, and zero and 1.5 million shares of common stock for the nine months ended September 30, 2013 and 2012, respectively, were excluded from the computation of diluted earnings per common share for these periods because their effect would have been antidilutive.  The decrease in potentially dilutive securities is primarily related to the increase in share price during the quarter ending September 30, 2013.
	The diluted effect of the 3.0% Notes are excluded from diluted earnings available to common shareholders and the weighted-average common and common equivalent shares outstanding, for the three and nine month periods ended September 30, 2013, due to the conversion of the 3.0% Notes on September 20, 2013 and settled in cash on October 24, 2013.  The dilutive effect of the 3.0% Notes would have had affected diluted earnings per share by less than $0.01, for the three and nine month periods ended September 30, 2013.  See Note 4. Notes Payable and Commercial Bank Financing for further discussion.

RELATED_PERSON_TRANSACTIONS

RELATED PERSON TRANSACTIONS	9 Months Ended
	Sep. 30, 2013
RELATED PERSON TRANSACTIONS	'
RELATED PERSON TRANSACTIONS	'
	6.              RELATED PERSON TRANSACTIONS
	Transactions with our controlling shareholders. David, Frederick, J. Duncan and Robert Smith (collectively, the controlling shareholders) are brothers and hold substantially all of the Class B Common Stock and some of our Class A Common Stock.  We engaged in the following transactions with them and/or entities in which they have substantial interests.
	Leases.  Certain assets used by us and our operating subsidiaries are leased from Cunningham Communications Inc., Keyser Investment Group, Gerstell Development Limited Partnership and Beaver Dam, LLC (entities owned by the controlling shareholders).  Lease payments made to these entities were $1.3 million and $1.2 million for the three months ended September 30, 2013 and 2012 and $3.8 million and $3.4 million for the nine months ended September 30, 2013 and 2012, respectively.
	Bay TV.  In January 1999, we entered into an LMA with Bay TV, which owns the television station WTTA-TV in the Tampa / St. Petersburg, Florida market.  Each of our controlling shareholders owns a substantial portion of the equity of Bay TV and collectively they have a controlling interest.  On December 1, 2012, we purchased substantially all of the assets of Bay TV for $40.0 million. Our board of directors obtained a fairness opinion on the purchase price from a third party valuation firm. Concurrent with the acquisition, our LMA with Bay TV was terminated. Payments made to Bay TV were $2.9 million, $2.2 million and $1.7 million for the years ended December 31, 2012, 2011 and 2010, respectively.  We received $0.5 million for the year ended December 31, 2010 from Bay TV for certain equipment leases which expired on November 1, 2010. The LMA with Bay TV has been approved pursuant to the current related person transaction policy.
	Charter Aircraft.  From time to time, we charter aircraft owned by certain controlling shareholders.  We incurred $0.3 million and $0.6 million for the three and nine months ended September 30, 2013, respectively.  We incurred $0.2 million and $0.5 million for the three and nine months ended September 30, 2012, respectively.
	Cunningham Broadcasting Corporation.  As of September 30, 2013, Cunningham was the owner-operator and FCC licensee of: WNUV-TV Baltimore, Maryland; WRGT-TV Dayton, Ohio; WVAH-TV Charleston, West Virginia; WTAT-TV Charleston, South Carolina; WMYA-TV Anderson, South Carolina; WTTE-TV Columbus, Ohio; and WDBB-TV Birmingham, Alabama (collectively, the Cunningham Stations).  In addition to these Cunningham stations, Cunningham purchased the license assets of KDBC-TV, El Paso, TX which is managed by another party under a JSA agreement, in July 2013 for $21.0 million.  On October 1, 2013, we purchased the station from Cunningham for $21.0 million.
	During the first quarter of 2013, the estate of Carolyn C. Smith, a parent of our controlling shareholders, distributed all of the non-voting stock owned by the estate to our controlling shareholders, and a portion was repurchased by Cunningham for $1.7 million in the aggregate.  As of September 30, 2013, our controlling shareholders own approximately 4.4% of the total capital stock of Cunningham, none of which have voting rights.  The remaining amount of non-voting stock is owned by trusts established for the benefit of the children of our controlling shareholders.  The estate of Mrs. Smith currently owns all of the voting stock.  The sale of the voting stock by the estate to an unrelated party is pending approval of the FCC.  We have options from the trusts, which grant us the right to acquire, subject to applicable FCC rules and regulations, 100% of the voting and nonvoting stock of Cunningham. We also have options from each of Cunningham’s subsidiaries, which are the FCC licensees of the Cunningham stations, which grant us the right to acquire, and grant Cunningham the right to require us to acquire, subject to applicable FCC rules and regulations, 100% of the capital stock or the assets of Cunningham’s individual subsidiaries.
	In addition to the option agreements, we have LMAs with the Cunningham Stations to provide programming, sales and managerial services to the stations.  Each of the LMAs has a current term that expires on July 1, 2016 and there are three additional 5-year renewal terms remaining with final expiration on July 1, 2031.
	Effective November 5, 2009, we entered into amendments and/or restatements of the following agreements between Cunningham and us: (i) the LMAs, (ii) option agreements to acquire Cunningham stock and (iii) certain acquisition or merger agreements relating to the Cunningham Stations.
	Pursuant to the terms of the LMAs, options and other agreements, beginning on January 1, 2010 and ending on July 1, 2012, we were obligated to pay Cunningham the sum of approximately $29.1 million in 10 quarterly installments of $2.75 million and one quarterly payment of approximately $1.6 million, which amounts were used to pay down Cunningham’s bank credit facility and which amounts were credited toward the purchase price for each Cunningham station.  An additional $1.2 million was paid on July 1, 2012 and another installment of $2.75 million was paid on October 1, 2012 as an additional LMA fee and was used to pay off the remaining balance of Cunningham’s bank credit facility.  The aggregate purchase price of the television stations, which was originally $78.5 million pursuant to certain acquisition or merger agreements subject to 6% annual increases, was decreased by each payment made by us to Cunningham, through 2012, up to $29.1 million in the aggregate, pursuant to the foregoing transactions with Cunningham as such payments are made.  Beginning on January 1, 2013, we are obligated to pay Cunningham an annual LMA fee for the television stations equal to the greater of (i) 3% of each station’s annual net broadcast revenue and (ii) $5.0 million, of which a portion of this fee will be credited toward the purchase price to the extent of the annual 6% increase.  The remaining purchase price as of September 30, 2013 was approximately $57.1 million.
	Additionally, we reimbursed Cunningham for 100% of its operating costs, and paid Cunningham a monthly payment of $50,000 through December 2012 as an LMA fee.
	We made payments to Cunningham under these LMAs and other agreements of $2.3 million and $4.0 million for the three months ended September 30, 2013 and 2012 respectively, and $6.8 million and $11.9 million for the nine months ended September 30, 2013 and 2012, respectively.  For the three months ended September 30, 2013 and 2012, Cunningham’s stations provided us with approximately $24.5 million and $25.5 million, respectively, and approximately $75.7 million and $73.5 million for the nine months ended September 30, 2013 and 2012, respectively, of total revenue.  The financial statements for Cunningham are included in our consolidated financial statements for all periods presented.  Our Bank Credit Agreement contains certain cross-default provisions with certain material third-party licenses.  As of September 30, 2013, Cunningham was the sole material third-party licensee.  In connection with the October Amendment of our Bank Credit Agreement (see Note 4. Notes Payable and Commercial Bank Financing), certain terms changed resulting in Cunningham no longer being considered a material third party licensee.
	Atlantic Automotive.  We sold advertising time to and purchased vehicles and related vehicle services from Atlantic Automotive Corporation (Atlantic Automotive), a holding company that owns automobile dealerships and an automobile leasing company.  David D. Smith, our President and Chief Executive Officer, has a controlling interest in, and is a member of the Board of Directors of Atlantic Automotive. We received payments for advertising time totaling less than $0.1 million for each of the three months ended September 30, 2013 and 2012. We received payments for advertising time totaling $0.1 million and $0.1for the nine months ended September 30, 2013 and 2012, respectively. We paid $0.2 million and $1.1 million for vehicles and related vehicle services from Atlantic Automotive for the three and nine months ended September 30, 2013, respectively, and paid $0.5 million and $1.1 million for the three and nine months ended September 30, 2012. Additionally, in August 2011, Atlantic Automotive entered into an office lease agreement with Towson City Center, LLC (Towson City Center), a subsidiary of one of our real estate ventures, and began occupying the space in June 2012.  Atlantic Automotive paid $0.3 million and $0.7 million in rent during the three and nine months ended September 30, 2013, respectively. Atlantic Automotive made no rent payments during the nine months ended June 30, 2012.
	Leased property by real estate ventures. Certain of our real estate ventures have entered into leases with entities owned by David Smith to lease restaurant space. There are leases for three restaurants in a building owned by one of our consolidated real estate ventures in Baltimore, MD.  Total rent received under these leases was less than $0.1 million for each of the three months ended September 30, 2013 and 2012. Total rent received under these leases was less than $0.2 million and less than $0.1 million for the nine months ended September 30, 2013 and 2012, respectively. There is also one lease for a restaurant in a building owned by one of our real estate ventures, accounted for under the equity method, in Towson, MD. We received under this lease less than $0.1 million for the three and nine months ending September 30, 2013.
	Thomas & Libowitz P.A.  A. Thomas, a partner and founder of Thomas & Libowitz, P.A. (Thomas & Libowitz), a law firm providing legal services to us on an ongoing basis, is the son of a former member of the Board of Directors, Basil A. Thomas.  We paid fees of $0.3 million to Thomas & Libowitz for each of the three months ended September 30, 2013 and 2012.  For the nine months ended September 30, 2013 and 2012, we paid fees of $1.3 million and $0.7 million, respectively, to Thomas & Libowitz.

SEGMENT_DATA

SEGMENT DATA	9 Months Ended
	Sep. 30, 2013
SEGMENT DATA	'
SEGMENT DATA	'
	7.              SEGMENT DATA
	We measure segment performance based on operating income (loss).  Excluding discontinued operations, our broadcast segment includes stations in 58 markets located throughout the continental United States. The operating results of WLAJ-TV and WLWC-TV, which were sold effective March 1, 2013 and April 1, 2013, respectively, are classified as discontinued operations and are not included in our consolidated results of continuing operations for the nine months ended September 30, 2013 and 2012. Our other operating divisions primarily consist of sign design and fabrication; regional security alarm operating and bulk acquisitions and real estate ventures. All of our other operating divisions are located within the United States.  Corporate costs primarily include our costs to operate as a public company and to operate our corporate headquarters location.  Our Other Operating Divisions and Corporate are not reportable segments but are included for reconciliation purposes.  We had approximately $171.7 million and $171.2 million of intercompany loans between the broadcast segment, operating divisions and corporate as of September 30, 2013 and 2012, respectively.  We had $5.0 million in intercompany interest expense related to intercompany loans between the broadcast segment, other operating divisions and corporate for the both three months ended September 30, 2013, and 2012, respectively.   For the nine months ended September 30, 2013 and 2012, we had $15.0 million and $14.9 million, respectively, in intercompany interest expense.  Intercompany loans and interest expense are excluded from the tables below.  All other intercompany transactions are immaterial.
	Financial information for our operating segments are included in the following tables for the periods presented (in thousands):
	For the three months ended September 30, 2013	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	323,681	$	14,963		$	—		$	338,644
	Depreciation of property and equipment	16,579		481			348			17,408
	Amortization of definite-lived intangible assets and other assets	15,851		1,317			—			17,168
	Amortization of program contract costs and net realizable value adjustments	19,229		—			—			19,229
	General and administrative overhead expenses	14,633		576			900			16,109
	Operating income (loss)	74,210		(113		)	(1,249		)	72,848
	Interest expense	—		846			39,021			39,867
	Income from equity and cost method investments	—		1,571			—			1,571
	Assets	3,303,838		306,204			7,631			3,617,673
	For the three months ended September 30, 2012	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	246,202	$	12,512		$	—		$	258,714
	Depreciation of property and equipment	11,864		380			382			12,626
	Amortization of definite-lived intangible assets and other assets	9,556		1,006			—			10,562
	Amortization of program contract costs and net realizable value adjustments	14,296		—			—			14,296
	General and administrative overhead expenses	7,325		215			746			8,286
	Operating income (loss)	78,988		538			(1,128		)	78,398
	Interest expense	—		962			34,332			35,294
	Income from equity and cost method investments	—		1,919			—			1,919
	For the nine months ended September 30, 2013	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	896,153	$	39,263		$	—		$	935,416
	Depreciation of property and equipment	44,739		1,330			1,039			47,108
	Amortization of definite-lived intangible assets and other assets	45,089		3,638			—			48,727
	Amortization of program contract costs and net realizable value adjustments	56,746		—			—			56,746
	General and administrative overhead expenses	34,991		1,136			2,679			38,806
	Operating income (loss)	224,652		(150		)	(3,718		)	220,784
	Interest expense	—		2,385			120,644			123,029
	Income from equity and cost method investments	—		115			—			115
	For the nine months ended September 30, 2012	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	693,553	$	38,609		$	—		$	732,162
	Depreciation of property and equipment	31,768		1,115			1,148			34,031
	Amortization of definite-lived intangible assets and other assets	23,021		3,354			—			26,375
	Amortization of program contract costs and net realizable value adjustments	43,565		—			—			43,565
	General and administrative overhead expenses	21,932		1,130			2,104			25,166
	Operating income (loss)	213,618		(172		)	(3,265		)	210,181
	Interest expense	—		2,517			89,484			92,001
	Income from equity and cost method investments	—		8,343			—			8,343

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS:	9 Months Ended
	Sep. 30, 2013
FAIR VALUE MEASUREMENTS:	'
FAIR VALUE MEASUREMENTS:	'
	8.              FAIR VALUE MEASUREMENTS:
	Accounting guidance provides for valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost).  A fair value hierarchy using three broad levels prioritizes the inputs to valuation techniques used to measure fair value.  The following is a brief description of those three levels:
	·                  Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.
	·                  Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly.  These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.
	·                  Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions.
	The carrying value and fair value of our notes and debentures for the periods presented (in thousands):
		As of September 30, 2013				As of December 31, 2012
		Carrying Value		Fair Value		Carrying Value		Fair Value
	Level 2:
	9.25% Senior Second Lien Notes due 2017	$	491,709	$	531,875	$	490,517	$	552,500
	8.375% Senior Notes due 2018	235,129		237,506		234,853		265,886
	6.125% Senior Unsecured Notes due 2022	500,000		503,125		500,000		533,125
	5.375% Senior Unsecured Notes due 2021	600,000		574,500		—		—
	Term Loan A	55,000		54,753		263,875		262,556
	Term Loan B	398,000		394,178		580,850		589,125
	Deerfield Bank Credit Facility	24,694		24,898		19,950		19,950
	Not included in the table above are the fair values and carrying values for our 3.0% Notes, which as discussed further in Note 4.  Notes Payable and Commercial Bank Financing, were converted and settled in cash in October 2013 for $10.5 million. We believe the fair value of 3.0% Notes approximates the carrying value based on discounted cash flows using Level 3 inputs described above, as of December 31, 2012.  The fair values and carrying values of the outstanding amounts under the Cunningham Bank Credit Facility totaling $21.5 million, are also not include in the table above.  The outstanding balance was repaid in full on October 1, 2013.  We believe the fair value approximates the carrying value based on discounted cash flows using Level 2 inputs.
	Additionally, Cunningham, one of our consolidated VIEs has investments in marketable securities which are recorded at fair value using Level 1 inputs described above. As of September 30, 2013 and December 31, 2012, $9.0 million and $6.4 million, respectively, were included in other assets in our consolidated balance sheets.
	The carrying amounts of working capital items such as, cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, approximate fair value due to their short-term nature.

CONDENSED_CONSOLIDATING_FINANC

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS:	9 Months Ended
	Sep. 30, 2013
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS:	'
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS:	'
	9.              CONDENSED CONSOLIDATING FINANCIAL STATEMENTS:
	Sinclair Television Group, Inc. (STG), a wholly-owned subsidiary and the television operating subsidiary of Sinclair Broadcast Group, Inc. (SBG), is the primary obligor under the Bank Credit Agreement, the 5.375% Notes, the 6.125% Notes, the 8.375% Notes, the 9.25% Notes, and 6.375% Notes (issued October 2013). Our Class A Common Stock, Class B Common Stock, and the 3.0% Notes, as of September 30, 2013, were obligations or securities of SBG and not obligations or securities of STG.  SBG is a guarantor under the Bank Credit Agreement, the 5.375% Notes, the 6.125% Notes, the 9.25% Notes, the 8.375% Notes, and 6.375% Notes (issued in October 2013).  As of September 30, 2013, our consolidated total debt of $2,475 million included $2,380.6 million of debt related to STG and its subsidiaries of which SBG guaranteed $2,338.4 million.
	SBG, KDSM, LLC, a wholly-owned subsidiary of SBG, and STG’s wholly-owned subsidiaries (guarantor subsidiaries), have fully and unconditionally guaranteed, subject to certain customary automatic release provisions, all of STG’s obligations.  Those guarantees are joint and several.  There are certain contractual restrictions on the ability of SBG, STG or KDSM, LLC to obtain funds from their subsidiaries in the form of dividends or loans.
	The following condensed consolidating financial statements present the consolidating balance sheets, consolidating statements of operations and comprehensive income and consolidating statements of cash flows of SBG, STG, KDSM, LLC and the guarantor subsidiaries, the direct and indirect non-guarantor subsidiaries of SBG and the eliminations necessary to arrive at our information on a consolidated basis.  These statements are presented in accordance with the disclosure requirements under SEC Regulation S-X, Rule 3-10.
	CONDENSED CONSOLIDATING BALANCE SHEET
	AS OF SEPTEMBER 30, 2013
	(in thousands) (unaudited)
		Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
		Broadcast			Television			Subsidiaries			Guarantor						Consolidated
		Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
								LLC
	Cash	$	—		$	194,539		$	16,911		$	17,544		$	—		$	228,994
	Accounts and other receivables	86			1,733			239,971			9,620			(1,356		)	250,054
	Other current assets	2,487			8,538			81,134			12,446			(1,971		)	102,634
	Assets held for sale	—			—			5,900			—			—			5,900
	Total current assets	2,573			204,810			343,916			39,610			(3,327		)	587,582
	Property and equipment, net	5,284			11,008			380,973			123,359			(7,242		)	513,382
	Investment in consolidated subsidiaries	378,899			2,098,135			2,783			—			(2,479,817		)	—
	Restricted cash — long-term	—			38,933			222			2,102			—			41,257
	Other long-term assets	80,396			474,993			78,519			118,092			(492,074		)	259,926
	Total other long-term assets	459,295			2,612,061			81,524			120,194			(2,971,891		)	301,183
	Goodwill and other intangible assets	—			—			2,113,626			176,899			(74,999		)	2,215,526
	Total assets	$	467,152		$	2,827,879		$	2,920,039		$	460,062		$	(3,057,459	)	$	3,617,673
	Accounts payable and accrued liabilities	$	200		$	89,341		$	111,616		$	14,354		$	(320	)	$	215,191
	Current portion of long-term debt	536			4,665			967			10,454			—			16,622
	Current portion of affiliate long-term debt	1,254			—			1,017			720			(720		)	2,271
	Other current liabilities	938			—			95,595			10,070			24			106,627
	Total current liabilities	2,928			94,006			209,195			35,598			(1,016		)	340,711
	Long-term debt	6,076			2,275,837			35,965			118,508			—			2,436,386
	Affiliate long-term debt	5,306			—			14,314			283,097			(283,098		)	19,619
	Other liabilities	44,321			28,381			563,579			110,021			(341,583		)	404,719
	Total liabilities	58,631			2,398,224			823,053			547,224			(625,697		)	3,201,435
	Total Sinclair Broadcast Group equity (deficit)	408,521			429,655			2,096,986			(94,879		)	(2,431,762		)	408,521
	Noncontrolling interests in consolidated subsidiaries	—			—			—			7,717			—			7,717
	Total liabilities and equity (deficit)	$	467,152		$	2,827,879		$	2,920,039		$	460,062		$	3,057,459		$	3,617,673
	CONDENSED CONSOLIDATING BALANCE SHEET
	AS OF DECEMBER 31, 2012
	(in thousands)
		Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
		Broadcast			Television			Subsidiaries			Guarantor						Consolidated
		Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
								LLC
	Cash	$	—		$	7,230		$	199		$	15,436		$	—		$	22,865
	Accounts and other receivables	152			907			175,837			7,622			(622		)	183,896
	Other current assets	2,821			2,342			56,522			9,028			(3,383		)	67,330
	Assets held for sale	—			—			30,357			—			—			30,357
	Total current assets	2,973			10,479			262,915			32,086			(4,005		)	304,448
	Property and equipment, net	6,315			8,938			321,873			113,454			(10,867		)	439,713
	Investment in consolidated subsidiaries	—			1,636,504			1,956			—			(1,638,460		)	—
	Restricted cash — long term	—			2			223			—			—			225
	Other long-term assets	84,055			375,687			60,114			112,757			(429,862		)	202,751
	Total other long-term assets	84,055			2,012,193			62,293			112,757			(2,068,322		)	202,976
	Goodwill and other intangible assets	—			—			1,706,646			153,961			(78,047		)	1,782,560
	Total assets	$	93,343		$	2,031,610		$	2,353,727		$	412,258		$	(2,161,241	)	$	2,729,697
	Accounts payable and accrued liabilities	$	326		$	61,165		$	83,049		$	9,379		$	(102	)	$	153,817
	Current portion of long-term debt	483			31,113			800			15,226			—			47,622
	Current portion of affiliate long-term debt	1,102			—			602			433			(433		)	1,704
	Other current liabilities	—			—			96,288			8,871			(3,099		)	102,060
	Liabilities held for sale	—			—			2,397			—			—			2,397
	Total current liabilities	1,911			92,278			183,136			33,909			(3,634		)	307,600
	Long-term debt	12,502			2,088,586			36,705			73,073			—			2,210,866
	Affiliate long-term debt	6,303			—			6,884			267,521			(267,521		)	13,187
	Dividends in excess of investment in consolidated subsidiaries	178,869			—			—			—			(178,869		)	—
Other liabilities	10,708			2,509			491,845			103,007			(309,972		)	298,097
Total liabilities	210,293			2,183,373			718,570			477,510			(759,996		)	2,829,750
Total Sinclair Broadcast Group shareholders’ (deficit) equity	(116,950		)	(151,763		)	1,635,157			(82,149		)	(1,401,245		)	(116,950		)
Noncontrolling interests in consolidated subsidiaries	—			—			—			16,897			—			16,897
Total liabilities and equity (deficit)	$	93,343		$	2,031,610		$	2,353,727		$	412,258		$	(2,161,241	)	$	2,729,697
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2013
(in thousands) (unaudited)
	Sinclair			Sinclair			Guarantor			Non-Guarantor			Eliminations			Sinclair
	Broadcast			Television			Subsidiaries			Subsidiaries						Consolidated
	Group, Inc.			Group, Inc.			and KDSM,
							LLC
Net revenue	$	—		$	—		$	319,767		$	32,970		$	(14,093	)	$	338,644
Program and production	—			112			99,186			13,870			(14,229		)	98,939
Selling, general and administrative	901			14,712			64,300			2,386			(75		)	82,224
Depreciation, amortization and other operating expenses	348			629			68,820			19,143			(4,307		)	84,633
Total operating expenses	1,249			15,453			232,306			35,399			(18,611		)	265,796
Operating (loss) income	(1,249		)	(15,453		)	87,461			-2,429			4,518			72,848
Equity in earnings of consolidated subsidiaries	40,547			55,128			60			—			(95,735		)	—
Interest expense	(203		)	(37,123		)	(1,269		)	(6,538		)	5,266			(39,867		)
Other income (expense)	996			6,772			(6,710		)	1,085			(84		)	2,059
Total other income (expense)	41,340			24,777			(7,919		)	(5,453		)	(90,553		)	(37,808		)
Income tax benefit (provision)	(3,749		)	16,667			(22,236		)	929			3,900			(4,489		)
Income from discontinued operations	—			6,108			(8		)	—			—			6,100
Net income (loss)	36,342			32,099			57,298			(6,953		)	(82,135		)	36,651
Net income attributable to the noncontrolling interests	—			—			—			(309		)	—			(309		)
Net income (loss) attributable to Sinclair Broadcast Group	$	36,342		$	32,099		$	57,298		$	(7,262	)	$	(82,135	)	$	36,342
Comprehensive income (loss)	$	36,613		$	32,061		$	57,298		$	(7,262	)	$	(82,097	)	$	36,613
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2012
(in thousands) (unaudited)
	Sinclair			Sinclair			Guarantor			Non-Guarantor			Eliminations			Sinclair
	Broadcast			Television			Subsidiaries			Subsidiaries						Consolidated
	Group, Inc.			Group, Inc.			and KDSM,
							LLC
Net revenue	$	—		$	—		$	246,531		$	14,364		$	(2,181	)	$	258,714
Program and production	—			278			63,777			(1		)	(2,349		)	61,705
Selling, general and administrative	746			13,157			36,720			908			(76		)	51,455
Depreciation, amortization and other operating expenses	382			618			53,819			12,508			(171		)	67,156
Total operating expenses	1,128			14,053			154,316			13,415			(2,596		)	180,316
Operating (loss) income	(1,128		)	(14,053		)	92,215			949			415			78,398
Equity in earnings of consolidated subsidiaries	26,435			50,171			—			—			(76,606		)	—
Interest expense	(341		)	(32,560		)	(1,291		)	(6,352		)	5,250			(35,294		)
Other income (expense)	869			43			40			1,597			(83		)	2,466
Total other income (expense)	26,963			17,654			(1,251		)	(4,755		)	(71,439		)	(32,828		)
Income tax benefit (provision)	326			19,872			(39,396		)	105			—			(19,093		)
(Loss) income from discontinued operations	84			(68		)	(141		)	—			—			(125		)
Net income (loss)	26,245			23,405			51,427			(3,701		)	(71,024		)	26,352
Net income attributable to the noncontrolling interests	—			—			—			(107		)	—			(107		)
Net income (loss) attributable to Sinclair Broadcast Group	$	26,245		$	23,405		$	51,427		$	(3,808	)	$	(71,024	)	$	26,245
Comprehensive income (loss)	$	26,409		$	23,462		$	51,427		$	(3,808	)	$	(71,081	)	$	26,409
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2013
(in thousands) (unaudited)
	Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
	Broadcast			Television			Subsidiaries			Guarantor						Consolidated
	Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
							LLC
Net revenue	$	—		$	—		$	887,489		$	90,402		$	(42,475	)	$	935,416
Program and production	—			207			269,360			28,489			(32,990		)	265,066
Selling, general and administrative	2,679			34,840			167,654			14,627			(9,644		)	210,156
Depreciation, amortization and other operating expenses	1,038			1,558			186,926			50,691			(803		)	239,410
Total operating expenses	3,717			36,605			623,940			93,807			(43,437		)	714,632
Operating (loss) income	(3,717		)	(36,605		)	263,549			(3,405		)	962			220,784
Equity in earnings of consolidated subsidiaries	76,623			164,370			—			—			(240,993		)	—
Interest expense	(903		)	(115,115		)	(3,607		)	(19,027		)	15,623			(123,029		)
Other income (expense)	3,029			3,141			(19,433		)	4,990			(6,468		)	(14,741		)
Total other income (expense)	78,749			52,396			(23,040		)	(14,037		)	(231,838		)	(137,770		)
Income tax (provision) benefit	(3,867		)	47,645			(73,267		)	2,597			3,900			(22,992		)
Income from discontinued operations	—			11,063			495			—			—			11,558
Net income (loss)	71,165			74,499			167,737			(14,845		)	(226,976		)	71,580
Net income attributable to the noncontrolling interests	—			—			—			(415		)	—			(415		)
Net income (loss) attributable to Sinclair Broadcast Group	$	71,165		$	74,499		$	167,737		$	(15,260	)	$	(226,976	)	$	71,165
Comprehensive income (loss)	$	71,464		$	74,383		$	167,737		$	(15,260	)	$	(226,860	)	$	71,464
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012
(in thousands) (unaudited)
	Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
	Broadcast			Television			Subsidiaries			Guarantor						Consolidated
	Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
							LLC
Net revenue	$	—		$	—		$	694,520		$	44,179		$	(6,537	)	$	732,162
Program and production	—			291			190,169			158			(6,520		)	184,098
Selling, general and administrative	2,117			38,720			102,075			2,999			(283		)	145,628
Depreciation, amortization and other operating expenses	1,148			1,282			150,636			39,636			(447		)	192,255
Total operating expenses	3,265			40,293			442,880			42,793			(7,250		)	521,981
Operating (loss) income	(3,265		)	(40,293		)	251,640			1,386			713			210,181
Equity in earnings of consolidated subsidiaries	86,991			156,249			—			—			(243,240		)	—
Interest expense	(999		)	(84,277		)	(3,695		)	(18,651		)	15,621			(92,001		)
Other income (expense)	2,192			53			85			7,751			(340		)	9,741
Total other income (expense)	88,184			72,025			(3,610		)	(10,900		)	(227,959		)	(82,260		)
Income tax benefit (provision)	745			38,414			(88,485		)	7,141			—			(42,185		)
(Loss) income from discontinued operations	—			(202		)	24			—			—			(178		)
Net income (loss)	85,664			69,944			159,569			(2,373		)	(227,246		)	85,558
Net loss attributable to the noncontrolling interests	—			—			—			106			—			106
Net income (loss) attributable to Sinclair Broadcast Group	$	85,664		$	69,944		$	159,569		$	(2,267	)	$	(227,246	)	$	85,664
Comprehensive income	$	85,804		$	70,190		$	159,569		$	(2,267	)	$	(227,492	)	$	85,804
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2013
(in thousands) (unaudited)
	Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
	Broadcast			Television			Subsidiaries			Guarantor						Consolidated
	Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
							LLC
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	$	(3,042	)	$	(66,985	)	$	208,126		$	(816	)	$	13,356		$	150,639
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:
Acquisition of property and equipment	—			(2,253		)	(21,109		)	(5,414		)	—			(28,776		)
Payments for acquisitions of television stations	—			—			(495,440		)	—			—			(495,440		)
Payments for acquisitions in other operating divisions	—			—			—			(4,650		)	—			(4,650		)
Purchase of alarm monitoring contracts	—			—			1,114			(13,042		)	—			(11,928		)
Proceeds from sale of broadcast assets	—			—			27,992			—			—			27,992
Decrease in restricted cash	—			(38,930		)	—			(2,102		)	—			(41,032		)
Other, net	1,648			—			4,454			1,898			(10,908		)	(2,908		)
Net cash flows (used in) from investing activities	1,648			(41,183		)	(482,989		)	(23,310		)	(10,908		)	(556,742		)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Proceeds from notes payable, commercial bank financing and capital leases	—			1,146,789			—			52,026			—			1,198,815
Repayments of notes payable, commercial bank financing and capital leases	(234		)	(985,755		)	(802		)	(11,294		)	—			(998,085		)
Proceeds from the sale of common stock	472,400			—			—			—			—			472,400
Dividends paid on Class A and Class B Common Stock	(41,938		)	—			235			—			(235		)	(41,938		)
Increase (decrease) in intercompany payables	(429,664		)	154,648			292,696			(4,549		)	(13,131		)	—
Other, net	830			(20,205		)	(554		)	(9,949		)	10,918			(18,960		)
Net cash flows (used in) from financing activities	1,394			295,477			291,575			26,234			(2,448		)	612,232
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			187,309			16,712			2,108			—			206,129
CASH AND CASH EQUIVALENTS, beginning of period	—			7,230			199			15,436			—			22,865
CASH AND CASH EQUIVALENTS, end of period	$	—		$	194,539		$	16,911		$	17,544		$	—		$	228,994
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012
(in thousands) (unaudited)
	Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
	Broadcast			Television			Subsidiaries			Guarantor						Consolidated
	Group,			Group, Inc.			and KDSM,			Subsidiaries
	Inc.						LLC
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	$	(460	)	$	(75,408	)	$	228,829		$	9,428		$	915		$	163,304
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:
Acquisition of property and equipment	—			(2,458		)	(25,624		)	(2,075		)	—			(30,157		)
Payments for acquisitions of television stations	—			—			(590,917		)	—			—			(590,917		)
Purchase of alarm monitoring contracts	—			—			—			(7,343		)	—			(7,343		)
Decrease in restricted cash	—			15,849			—			—			—			15,849
Other, net	740			—			63			2,502			—			3,305
Net cash flows (used in) from investing activities	740			13,391			(616,478		)	(6,916		)	—			(609,263		)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Proceeds from notes payable, commercial bank financing and capital leases	—			596,275			—			19.432			—			615,707
Repayments of notes payable, commercial bank financing and capital leases	(308		)	(79,077		)	(458		)	(16,002		)	—			(95,845		)
Dividends paid on Class A and Class B Common Stock	(31,646		)	—			—			—			401			(31,245		)
Increase (decrease) in intercompany payables	32,087			(435,595		)	389,771			15,053			(1,316		)	—
Other, net	(413		)	(8,364		)	(1,489		)	(734		)	—			(11,000		)
Net cash flows (used in) from financing activities	(280		)	73,239			387,824			17,749			(915		)	477,617
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			11,222			175			20,261			—			31,658
CASH AND CASH EQUIVALENTS, beginning of period	—			188			313			12,466			—			12,967
CASH AND CASH EQUIVALENTS, end of period	$	—		$	11,410		$	488		$	32,727		$	—		$	44,625

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Policies)	9 Months Ended
	Sep. 30, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	'
Principles of Consolidation	'
	Principles of Consolidation
	The consolidated financial statements include our accounts and those of our wholly-owned and majority-owned subsidiaries and VIEs for which we are the primary beneficiary.  Noncontrolling interests represents a minority owner’s proportionate share of the equity in certain of our consolidated entities.  All intercompany transactions and account balances have been eliminated in consolidation.
Discontinued Operations	'
	Discontinued Operations
	In accordance with Financial Accounting Standards Board’s (FASB) guidance on reporting assets held for sale, we reported the financial position and results of operations of our stations in Lansing, Michigan (WLAJ-TV) and Providence, Rhode Island (WLWC-TV), as assets and liabilities held for sale in the accompanying consolidated balance sheets and discontinued operations consolidated statements of operations.  Discontinued operations have not been segregated in the consolidated statements of cash flows and, therefore, amounts for certain captions will not agree with the accompanying consolidated balance sheets and consolidated statements of operations. WLAJ-TV was acquired in the second quarter of 2012 in connection with the acquisition of the television stations from Freedom Communications (Freedom). WLWC-TV was acquired in the first quarter of 2012 in connection with the acquisition of the television stations from Four Points Media Group LLC (Four Points). See Note 2. Acquisitions for more information.  In October 2012, we entered into an agreement to sell all the assets of WLAJ-TV to an unrelated third party for $14.4 million.  In January 2013, we entered into an agreement to sell the assets of WLWC-TV to an unrelated third party for $13.8 million.  The operating results of WLAJ-TV, which was sold effective March 1, 2013, and WLWC-TV, which was sold effective April 1, 2013, are not included in our consolidated results of operations from continuing operations for the three and nine months ending September 30, 2013 and 2012. Total revenues for WLAJ-TV and WLWC-TV, which are included in discontinued operations for the nine months ending September 30, 2013, were $0.6 million and $1.6 million, respectively.  Total revenues of WLAJ-TV and WLWC-TV, which are included in discontinued operations for the three months ending September 30, 2012, are $1.1 million and $1.8 million, respectively.  Total revenues of WLAJ-TV and WLWC-TV, which are included in discontinued operations for the nine months ending September 30, 2012, are $2.2 million and $4.7 million, respectively.  Total income before taxes for WLAJ-TV and WLWC-TV, which are included in discontinued operations for the nine months ending September 30, 2013, are $0.2 million and $0.4 million, respectively, and total income(loss) before taxes of WLAJ-TV and WLWC-TV, which are included in discontinued operations for the nine months ending September 30, 2012, are less than $(0.1) million and $0.1 million, respectively.  The resulting gain on the sale of these stations in 2013 was negligible.
	Additionally, we recognized a $6.1 and $11.2 million income tax benefit for the three and nine months ended September 30, 2013, respectively, attributable to the adjustment of certain liabilities for unrecognized tax benefits related to discontinued operations. See discussion under Income Taxes below.
Variable Interest Entities	'
	Variable Interest Entities
	In determining whether we are the primary beneficiary of a VIE for financial reporting purposes, we consider whether we have the power to direct the activities of the VIE that most significantly impact the economic performance of the VIE and whether we have the obligation to absorb losses or the right to receive returns that would be significant to the VIE.  We consolidate VIEs when we are the primary beneficiary.  The assets of each of our consolidated VIEs can only be used to settle the obligations of the VIE. All the liabilities, including debt held by our VIEs, are non-recourse to us except for Cunningham Broadcasting Company’s (Cunningham) and Deerfield Media, Inc.’s (Deerfield) debt which we guarantee.
	We have entered into local marketing agreements (LMAs) to provide programming, sales and managerial services for television stations of Cunningham, the license owner of seven television stations as of September 30, 2013.  We pay LMA fees to Cunningham and also reimburse all operating expenses.  We also have an acquisition agreement in which we have a purchase option to buy the license assets of the television stations which includes the Federal Communication Commission (FCC) license and certain other assets used to operate the station (License Assets).  Our applications to acquire the FCC licenses are pending approval.  We own the majority of the non-license assets of the Cunningham stations and our Bank Credit Agreement contains certain default provisions whereby insolvency of Cunningham would cause an event of default under our Bank Credit Agreement.  We have determined that the Cunningham stations are VIEs and that based on the terms of the agreements, the significance of our investment in the stations and the cross-default provisions with our Bank Credit Agreement, we are the primary beneficiary of the variable interests because, subject to the ultimate control of the licensees, we have the power to direct the activities which significantly impact the economic performance of the VIEs through the sales and managerial services we provide and we absorb losses and returns that would be considered significant to Cunningham.  See Note 6. Related Person Transactions for more information on our arrangements with Cunningham.  Included in the accompanying consolidated statements of operations for the three months ended September 30, 2013 and 2012 are net broadcast revenues of $25.9 million and $25.5 million, respectively, that relate to LMAs with Cunningham.  For the nine months ended September 30, 2013 and 2012, Cunningham’s stations provided us with approximately $80.3 million and $73.5 million, respectively, of net broadcast revenues.
	We have entered into joint sales agreements (JSAs), shared services agreements (SSAs), and LMAs to provide certain services for the television stations of Deerfield, the license owner of eight television stations as of September 30, 2013.  The initial term of each of the JSAs and SSAs is eight years from the commencement and the agreements may be automatically renewed for successive eight year renewal terms.  We also have purchase options to buy the License Assets of the television stations. We own the majority of the non-license assets of the Deerfield stations and we have also guaranteed the debt of Deerfield.  Additionally, there are leases in place whereby Deerfield leases assets owned by us in order to perform its duties under FCC rules. We have determined that the Deerfield stations are VIEs and that based on the terms of the agreements, the significance of our investment in the stations and our guarantee of Deerfield’s debt, we are the primary beneficiary of the variable interests because, subject to the ultimate control of the licensees, we have the power to direct the activities which significantly impact the economic performance of the VIEs through the sales and managerial services we provide and we absorb losses and returns that would be considered significant to Deerfield.  Included in the accompanying consolidated statements of operations for the three and nine months ended September 30, 2013 are net revenues of $20.8 million and $59.8 million, respectively, that relate to agreements with Deerfield.
	We have outsourcing agreements with certain other license owners, under which we provide certain non-programming related sales, operational and administrative services.  We pay a fee to the license owners based on a percentage of broadcast cash flow and we reimburse all operating expenses.  We also have purchase options to buy the License Assets of these television stations.  We have determined that the License Assets of these stations are VIEs, and, based on the terms of the agreements and the significance of our investment in the stations, we are the primary beneficiary of the variable interests because, subject to the ultimate control of the licensees, we have the power to direct the activities which significantly impact the economic performance of the VIE through the sales and managerial services we provide and because we absorb losses and returns that would be considered significant to the VIEs.  Included in the accompanying consolidated statements of operations for the three months ended September 30, 2013 and 2012 are net broadcast revenues of $11.1 million and $2.6 million, respectively, that relate to these arrangements. For the nine months ended September 30, 2013 and 2012, net broadcast revenues of $30.3 million and $11.9 million, respectively, related to these arrangements.
	As of the dates indicated, the carrying amounts and classification of the assets and liabilities of the VIEs mentioned above which have been included in our consolidated balance sheets for the periods presented (in thousands):
		As of September 30,		As of December 31,
		2013		2012
	ASSETS
	CURRENT ASSETS:
	Cash and cash equivalents	$	11,243	$	3,805
	Accounts receivable	1,608		110
	Income taxes receivable	—		94
	Current portion of program contract costs	6,529		6,113
	Prepaid expenses and other current assets	221		124
	Total current asset	19,601		10,246
	PROGRAM CONTRACT COSTS, less current portion	2,380		1,484
	PROPERTY AND EQUIPMENT, net	14,739		10,806
	RESTRICTED CASH	2,102		—
	GOODWILL	13,812		6,357
	BROADCAST LICENSES	16,832		14,927
	DEFINITE-LIVED INTANGIBLE ASSETS, net	67,237		51,368
	OTHER ASSETS	12,242		12,723
	Total assets	$	148,945	$	107,911
	LIABILITIES
	CURRENT LIABILITIES:
	Accounts payable	$	28	$	15
	Accrued liabilities	1,130		186
	Current portion of notes payable, capital leases and commercial bank financing	5,039		2,123
	Current portion of program contracts payable	8,224		8,991
	Total current liabilities	14,421		11,315
	LONG-TERM LIABILITIES:
	Notes payable, capital leases and commercial bank financing, less current portion	45,122		20,238
	Program contracts payable, less current portion	2,954		2,080
	Total liabilities	$	62,497	$	33,633
	The amounts above represent the consolidated assets and liabilities of the VIEs related to our LMAs, JSAs, SSAs and other outsourcing agreements, as discussed above, for which we are the primary beneficiary, and have been aggregated as they all relate to our broadcast business.  Excluded from the amounts above are payments made to Cunningham under the LMAs which are treated as a prepayment of the purchase price of the stations and capital leases between us and Cunningham which are eliminated in consolidation.  The total payments made under these LMAs as of September 30, 2013 and December 31, 2012, which are excluded from liabilities above, were $32.4 million and $29.8 million, respectively.  The total capital lease liabilities excluded from above were $11.6 million and $11.7 million as of September 30, 2013 and December 31, 2012, respectively.  During the nine months ended September 30, 2013, Cunningham sold a portion of its investment in our Class A Common Stock which is eliminated in consolidation and excluded from assets shown above, for $7.0 million, net of income taxes and has been reflected as an increase in additional paid in capital in the consolidated balance sheet.  Also excluded from the amounts above are liabilities associated with the JSAs, SSAs, and option agreements with the other VIEs totaling $45.2 million and $36.2 million as of September 30, 2013 and December 31, 2012, respectively, as these amounts are eliminated in consolidation.  The risk and reward characteristics of the VIEs are similar.
	In the fourth quarter of 2011, we began providing sales, programming and management services to the Freedom stations pursuant to a LMA.  Effective April 1, 2012, we completed the acquisition of the Freedom stations and the LMA was terminated. We determined that the Freedom stations were VIEs during the period of the LMA based on the terms of the agreement.  We were not the primary beneficiary because the owner of the stations had the power to direct the activities of the VIEs that most significantly impacted the economic performance of the VIEs.  In the consolidated statements of operations for the nine months ended September 30, 2012 are net broadcast revenues of $10.0 million and station production expenses of $7.8 million related to the Freedom LMAs during the second quarter of 2012.
	We have investments in other real estate ventures and investment companies which are considered VIEs.  However, we do not participate in the management of these entities including the day-to-day operating decisions or other decisions which would allow us to control the entity, and therefore, we are not considered the primary beneficiary of these VIEs.  We account for these entities using the equity or cost method of accounting.
	The carrying amounts of our investments in these VIEs for which we are not the primary beneficiary for the periods presented (in thousands):
		As of September 30, 2013				As of December 31, 2012
		Carrying		Maximum		Carrying		Maximum
		amount		exposure		amount		exposure
	Investments in real estate ventures	$	3,545	$	3,545	$	3,648	$	3,648
	Investments in investment companies	26,064		26,064		27,335		27,335
	Total	$	29,609	$	29,609	$	30,983	$	30,983
	The carrying amounts above are included in other assets in the consolidated balance sheets.  The income and loss related to these investments are recorded in income from equity and cost method investments in the consolidated statement of operations.  We recorded income of $0.7 million and $0.3 million in the three months ended September 30, 2013 and 2012, respectively.  We recorded income of $1.4 million and $7.0 million for the nine months ended September 30, 2013 and 2012, respectively.
	Our maximum exposure is equal to the carrying value of our investments.  As of September 30, 2013 and December 31, 2012, our unfunded commitments related to private equity investment funds totaled $16.9 million and $8.9 million, respectively.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	In July 2012, the FASB issued new guidance for testing indefinite-lived intangible assets for impairment.  The new guidance allows companies to perform a qualitative assessment to determine whether further impairment testing of indefinite-lived intangible assets is necessary, similar to the approach now applied to goodwill.  Companies can first determine based on certain qualitative factors whether it is “more likely than not” (a likelihood of more than 50 percent) that an indefinite-lived intangible asset is impaired.  The new standard is intended to reduce the cost and complexity of testing indefinite-lived intangible assets for impairment.  The revised standard is effective for annual and interim impairment tests performed for fiscal years beginning after September 30, 2012 and early adoption is permitted. We adopted this new guidance in the fourth quarter of 2012 when completing our annual impairment analysis. This guidance impacted how we perform our annual impairment testing for indefinite-lived intangible assets and changed our related disclosures for 2012; however, it does not have an impact on our consolidated financial statements as the guidance does not impact the timing or amount of any resulting impairment charges.
	In February 2013, the FASB issued new guidance requiring disclosure of items reclassified out of accumulated other comprehensive income (AOCI).  This new guidance requires entities to present (either on the face of the income statement or in the notes) the effects on the line items of the income statement for amounts reclassified out of AOCI.  The new guidance is effective for annual and interim periods beginning after December 15, 2012.  This guidance does not have a material impact on our financial statements.
	In July 2013, the FASB issued new guidance requiring new disclosure of unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. If a company does not have: (i) a net operating loss carryforward; (ii) a similar tax loss; or (iii) a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The authoritative guidance is effective for fiscal years and the interim periods within those fiscal years beginning on or after December 15, 2013 and should be applied on a prospective basis. We are currently evaluating the impact of this requirement on our financial statements.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses in the consolidated financial statements and in the disclosures of contingent assets and liabilities.  Actual results could differ from those estimates.
Restricted Cash	'
	Restricted Cash
	During the nine months ending September 2013, we deposited $40.6 million into escrow accounts pursuant to agreements for the acquisitions of Barrington, TTBG, and New Age.  See Note 3. Commitments and Contingencies for more information on these pending acquisitions.  These escrow deposits are classified as restricted cash within noncurrent assets in the consolidated balance sheet as of September 30, 2013.
	Additionally, under the terms of certain lease agreements, as of September 30, 2013 and December 31, 2012, we were required to hold $0.2 million of restricted cash related to the removal of analog equipment from some of our leased towers.
Revenue Recognition	'
	Revenue Recognition
	Total revenues include: (i) cash and barter advertising revenues, net of agency commissions; (ii) retransmission consent fees; (iii) network compensation; (iv) other broadcast revenues and (v) revenues from our other operating divisions.
	Advertising revenues, net of agency commissions, are recognized in the period during which time spots are aired.
	Our retransmission consent agreements contain both advertising and retransmission consent elements.  We have determined that our retransmission consent agreements are revenue arrangements with multiple deliverables.  Advertising and retransmission consent deliverables sold under our agreements are separated into different units of accounting at fair value.   Revenue applicable to the advertising element of the arrangement is recognized similar to the advertising revenue policy noted above.  Revenue applicable to the retransmission consent element of the arrangement is recognized over the life of the agreement.
	Network compensation revenue is recognized over the term of the contract. All other revenues are recognized as services are provided.
Income Taxes	'
	Income Taxes
	Our income tax provision for all periods consists of federal and state income taxes.  The tax provision for the three and nine months ended September 30, 2013 and 2012 is based on the estimated effective tax rate applicable for the full year after taking into account discrete tax items and the effects of the noncontrolling interests. We provide a valuation allowance for deferred tax assets if we determine that it is more likely than not that some or all of the deferred tax assets will not be realized.  In evaluating our ability to realize net deferred tax assets, we consider all available evidence, both positive and negative, including our past operating results, tax planning strategies and forecasts of future taxable income.  In considering these sources of taxable income, we must make certain judgments that are based on the plans and estimates used to manage our underlying businesses on a long-term basis.  A valuation allowance has been provided for deferred tax assets related to a substantial portion of our available state net operating loss (NOL) carryforwards, based on past operating results, expected timing of the reversals of existing temporary book/tax basis differences, alternative tax strategies and projected future taxable income.
	Our effective income tax rate for the three months and nine months ended September 30, 2013 was lower than the statutory rate primarily due to: 1) a release of a valuation allowance related to state NOL carryforwards, of $5.3 million, net of taxes, due to a law change in a state tax jurisdiction, effective for years beginning after December 31, 2014, which we expect will significantly increase the forecasted future taxable income attributable to that state and result in utilization of the state NOL carryforwards and 2) a $2.2 million adjustment to the income tax provision upon finalization of the 2012 federal income tax return, primarily related to higher than originally projected available income tax deductions.
	Our effective income tax rate for the three months ended September 30, 2012 was greater than the statutory rate primarily due to an increase in the income tax reserves related to a state audit settlement in 2012.
	Our effective income tax rate nine months ended September 30, 2012 was lower than the statutory rate primarily due to a release of valuation allowance of $7.7 million related to certain deferred tax assets of Cunningham as the weight of all available evidence supports realization of the deferred tax assets. The valuation allowance release determination was based primarily on the sufficiency of forecasted taxable income necessary to utilize NOLs expiring in years 2022 — 2029.  This VIE files separate income tax returns.  Any resulting tax liabilities are nonrecourse to us and we are not entitled to any benefit resulting from the deferred tax assets of the VIE.
	As previously discussed above under Discontinued Operations, during the three months ended September 30, 2013, we reduced our liability for unrecognized tax benefits by $6.1 million related to discontinued operations, as we now believe that it is more likely than not that our previously unrecognized state tax position would be sustained upon review of the state tax authority, based on new information obtained during the period.  Additionally, during the second quarter of 2013, we reduced our liability for unrecognized tax benefits by $5.1 million related to discontinued operations, upon the application of limits under an available state administrative practice exception.
Reclassifications	'
	Reclassifications
	Certain reclassifications have been made to prior years’ consolidated financial statements to conform to the current year’s presentation.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Tables)	9 Months Ended
	Sep. 30, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	'
Schedule of carrying amounts and classification of assets and liabilities of VIEs	'
	As of the dates indicated, the carrying amounts and classification of the assets and liabilities of the VIEs mentioned above which have been included in our consolidated balance sheets for the periods presented (in thousands):
		As of September 30,		As of December 31,
		2013		2012
	ASSETS
	CURRENT ASSETS:
	Cash and cash equivalents	$	11,243	$	3,805
	Accounts receivable	1,608		110
	Income taxes receivable	—		94
	Current portion of program contract costs	6,529		6,113
	Prepaid expenses and other current assets	221		124
	Total current asset	19,601		10,246
	PROGRAM CONTRACT COSTS, less current portion	2,380		1,484
	PROPERTY AND EQUIPMENT, net	14,739		10,806
	RESTRICTED CASH	2,102		—
	GOODWILL	13,812		6,357
	BROADCAST LICENSES	16,832		14,927
	DEFINITE-LIVED INTANGIBLE ASSETS, net	67,237		51,368
	OTHER ASSETS	12,242		12,723
	Total assets	$	148,945	$	107,911
	LIABILITIES
	CURRENT LIABILITIES:
	Accounts payable	$	28	$	15
	Accrued liabilities	1,130		186
	Current portion of notes payable, capital leases and commercial bank financing	5,039		2,123
	Current portion of program contracts payable	8,224		8,991
	Total current liabilities	14,421		11,315
	LONG-TERM LIABILITIES:
	Notes payable, capital leases and commercial bank financing, less current portion	45,122		20,238
	Program contracts payable, less current portion	2,954		2,080
	Total liabilities	$	62,497	$	33,633
Schedule of carrying amounts of investment in VIEs for which the entity is not the primary beneficiary	'
	The carrying amounts of our investments in these VIEs for which we are not the primary beneficiary for the periods presented (in thousands):
		As of September 30, 2013				As of December 31, 2012
		Carrying		Maximum		Carrying		Maximum
		amount		exposure		amount		exposure
	Investments in real estate ventures	$	3,545	$	3,545	$	3,648	$	3,648
	Investments in investment companies	26,064		26,064		27,335		27,335
	Total	$	29,609	$	29,609	$	30,983	$	30,983

ACQUISITIONS_Tables

ACQUISITIONS (Tables)	9 Months Ended
	Sep. 30, 2013
Acquisitions	'
Schedule of unaudited pro forma results of continuing operations	'
	The following table sets forth unaudited pro forma results of continuing operations for the three and nine months ended September 30, 2012, assuming that the acquisitions of the Freedom, Newport, and Fisher stations discussed above, along with transactions necessary to finance the acquisitions, occurred at the beginning of the annual period presented (in thousands, except per share data):
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013		2012
	Total revenues	$	354,545		$	335,849		$	1,030,175	$	972,305
	Net Income	$	28,380		$	29,877		$	57,487	$	84,146
	Net Income attributable to Sinclair Broadcast Group	$	28,071		$	29,733		$	57,072	$	84,139
	Basic and diluted earnings per share attributable to Sinclair Broadcast Group	$	0.28		$	0.37		$	0.7	$	1.04
Four Points	'
Acquisitions	'
Schedule of initial allocated fair value of acquired assets and liabilities assumed	'
	The allocated fair value of acquired assets and assumed liabilities is summarized as follows (in thousands):
	Prepaid expenses and other current assets	$	456
	Program contract costs	3,731
	Property and equipment	34,578
	Broadcast licenses	10,658
	Definite-lived intangible assets	93,800
	Other assets	548
	Accrued liabilities	(381		)
	Program contracts payable	(5,157		)
	Fair value of identifiable net assets acquired	138,233
	Goodwill	60,843
	Total	$	199,076
Freedom	'
Acquisitions	'
Schedule of initial allocated fair value of acquired assets and liabilities assumed	'
	The allocated fair value of acquired assets and assumed liabilities is summarized as follows (in thousands):
	Prepaid expenses and other current assets	$	373
	Program contract costs	3,520
	Property and equipment	54,109
	Broadcast licenses	10,424
	Definite-lived intangible assets	140,963
	Other assets	278
	Accrued liabilities	(589		)
	Program contracts payable	(3,404		)
	Fair value of identifiable net assets acquired	205,674
	Goodwill	179,609
	Total	$	385,283
Fisher Communications	'
Acquisitions	'
Schedule of initial allocated fair value of acquired assets and liabilities assumed	'
	The allocated fair value of acquired assets and assumed liabilities is summarized as follows (in thousands):
	Cash	$	13,531
	Accounts Receivable	29,962
	Prepaid expenses and other current assets	2,079
	Program contract costs	10,954
	Property and equipment	48,616
	Broadcast licenses	11,058
	Definite-lived intangible assets	156,332
	Other assets	24,632
	Assets Held for Sale	5,900
	Accounts payable and accrued liabilities	(20,342		)
	Program contracts payable	(10,954		)
	Deferred Tax Liability	(50,416		)
	Other long-term liabilities	(25,482		)
	Fair value of identifiable net assets acquired	195,870
	Goodwill	177,326
	Total	$	373,196
Newport	'
Acquisitions	'
Schedule of initial allocated fair value of acquired assets and liabilities assumed	'
	The initial allocated fair value of acquired assets and assumed liabilities, including the assets owned by VIEs, is summarized as follows (in thousands):
	Prepaid expenses and other current assets	$	1,390
	Program contract costs	10,378
	Property and equipment	53,883
	Broadcast licenses	15,581
	Definite-lived intangible assets	240,013
	Other assets	1,097
	Accrued liabilities	(3,928		)
	Program contracts payable	(11,634		)
	Fair value of identifiable net assets acquired	306,780
	Goodwill	164,621
	Total	$	471,401
Other acquisitions	'
Acquisitions	'
Schedule of initial allocated fair value of acquired assets and liabilities assumed	'
	We allocated the total purchase price of these within the respective years, as follows (in thousands):
		2013			2012
	Prepaid expenses and other current assets	$	1,991		$	160
	Program contract costs	7,594			1,638
	Property and equipment	35,439			16,545
	Broadcast licenses	1,611			2,679
	Definite-lived intangible assets	48,049			22,546
	Accrued liabilities	(2,086		)	(1,178		)
	Program contracts payable	(7,625		)	(4,252		)
	Fair value of identifiable net assets acquired	84,973			38,138
	Goodwill	50,674			10,661
	Total	$	135,647		$	48,799

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2013
EARNINGS PER SHARE	'
Schedule of reconciliation of income (numerator) and shares (denominator) used in computation of diluted earnings per share	'
	The following table reconciles income (numerator) and shares (denominator) used in our computations of diluted earnings per share for the periods presented (in thousands):
		Three Months Ended September 30,						Nine Months Ended September 30,
		2013			2012			2013			2012
	Income (Numerator)
	Income from continuing operations	$	30,551		$	26,477		$	60,022		$	85,736
	Income impact of assumed conversion of the 4.875% Notes, net of taxes	—			45			—			135
	Net (income) loss attributable to noncontrolling interests included in continuing operations	(309		)	(107		)	(415		)	106
	Numerator for diluted earnings per common share from continuing operations available to common shareholders	30,242			26,415			59,607			85,977
	Income (loss) from discontinued operations, net of taxes	6,100			(125		)	11,558			(178		)
	Numerator for diluted earnings available to common shareholders	$	36,342		$	26,290		$	71,165		$	85,799
	Shares (Denominator)
	Weighted-average common shares outstanding	99,473			81,081			90,982			80,990
	Dilutive effect of stock settled appreciation rights, restricted stock awards and outstanding stock options	766			44			567			23
	Dilutive effect of 4.875% Notes	—			254			—			254
	Weighted-average common and common equivalent shares outstanding	100,239			81,379			91,549			81,267

SEGMENT_DATA_Tables

SEGMENT DATA (Tables)	9 Months Ended
	Sep. 30, 2013
SEGMENT DATA	'
Schedule of financial information for operating segments	'
	Financial information for our operating segments are included in the following tables for the periods presented (in thousands):
	For the three months ended September 30, 2013	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	323,681	$	14,963		$	—		$	338,644
	Depreciation of property and equipment	16,579		481			348			17,408
	Amortization of definite-lived intangible assets and other assets	15,851		1,317			—			17,168
	Amortization of program contract costs and net realizable value adjustments	19,229		—			—			19,229
	General and administrative overhead expenses	14,633		576			900			16,109
	Operating income (loss)	74,210		(113		)	(1,249		)	72,848
	Interest expense	—		846			39,021			39,867
	Income from equity and cost method investments	—		1,571			—			1,571
	Assets	3,303,838		306,204			7,631			3,617,673
	For the three months ended September 30, 2012	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	246,202	$	12,512		$	—		$	258,714
	Depreciation of property and equipment	11,864		380			382			12,626
	Amortization of definite-lived intangible assets and other assets	9,556		1,006			—			10,562
	Amortization of program contract costs and net realizable value adjustments	14,296		—			—			14,296
	General and administrative overhead expenses	7,325		215			746			8,286
	Operating income (loss)	78,988		538			(1,128		)	78,398
	Interest expense	—		962			34,332			35,294
	Income from equity and cost method investments	—		1,919			—			1,919
	For the nine months ended September 30, 2013	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	896,153	$	39,263		$	—		$	935,416
	Depreciation of property and equipment	44,739		1,330			1,039			47,108
	Amortization of definite-lived intangible assets and other assets	45,089		3,638			—			48,727
	Amortization of program contract costs and net realizable value adjustments	56,746		—			—			56,746
	General and administrative overhead expenses	34,991		1,136			2,679			38,806
	Operating income (loss)	224,652		(150		)	(3,718		)	220,784
	Interest expense	—		2,385			120,644			123,029
	Income from equity and cost method investments	—		115			—			115
	For the nine months ended September 30, 2012	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	693,553	$	38,609		$	—		$	732,162
	Depreciation of property and equipment	31,768		1,115			1,148			34,031
	Amortization of definite-lived intangible assets and other assets	23,021		3,354			—			26,375
	Amortization of program contract costs and net realizable value adjustments	43,565		—			—			43,565
	General and administrative overhead expenses	21,932		1,130			2,104			25,166
	Operating income (loss)	213,618		(172		)	(3,265		)	210,181
	Interest expense	—		2,517			89,484			92,001
	Income from equity and cost method investments	—		8,343			—			8,343

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS: (Tables)	9 Months Ended
	Sep. 30, 2013
FAIR VALUE MEASUREMENTS:	'
Schedule of carrying value and fair value of notes and debentures	'
	The carrying value and fair value of our notes and debentures for the periods presented (in thousands):
		As of September 30, 2013				As of December 31, 2012
		Carrying Value		Fair Value		Carrying Value		Fair Value
	Level 2:
	9.25% Senior Second Lien Notes due 2017	$	491,709	$	531,875	$	490,517	$	552,500
	8.375% Senior Notes due 2018	235,129		237,506		234,853		265,886
	6.125% Senior Unsecured Notes due 2022	500,000		503,125		500,000		533,125
	5.375% Senior Unsecured Notes due 2021	600,000		574,500		—		—
	Term Loan A	55,000		54,753		263,875		262,556
	Term Loan B	398,000		394,178		580,850		589,125
	Deerfield Bank Credit Facility	24,694		24,898		19,950		19,950

CONDENSED_CONSOLIDATING_FINANC1

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS: (Tables)	9 Months Ended
	Sep. 30, 2013
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS:	'
Schedule of condensed consolidating balance sheet	'
	CONDENSED CONSOLIDATING BALANCE SHEET
	AS OF SEPTEMBER 30, 2013
	(in thousands) (unaudited)
		Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
		Broadcast			Television			Subsidiaries			Guarantor						Consolidated
		Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
								LLC
	Cash	$	—		$	194,539		$	16,911		$	17,544		$	—		$	228,994
	Accounts and other receivables	86			1,733			239,971			9,620			(1,356		)	250,054
	Other current assets	2,487			8,538			81,134			12,446			(1,971		)	102,634
	Assets held for sale	—			—			5,900			—			—			5,900
	Total current assets	2,573			204,810			343,916			39,610			(3,327		)	587,582
	Property and equipment, net	5,284			11,008			380,973			123,359			(7,242		)	513,382
	Investment in consolidated subsidiaries	378,899			2,098,135			2,783			—			(2,479,817		)	—
	Restricted cash — long-term	—			38,933			222			2,102			—			41,257
	Other long-term assets	80,396			474,993			78,519			118,092			(492,074		)	259,926
	Total other long-term assets	459,295			2,612,061			81,524			120,194			(2,971,891		)	301,183
	Goodwill and other intangible assets	—			—			2,113,626			176,899			(74,999		)	2,215,526
	Total assets	$	467,152		$	2,827,879		$	2,920,039		$	460,062		$	(3,057,459	)	$	3,617,673
	Accounts payable and accrued liabilities	$	200		$	89,341		$	111,616		$	14,354		$	(320	)	$	215,191
	Current portion of long-term debt	536			4,665			967			10,454			—			16,622
	Current portion of affiliate long-term debt	1,254			—			1,017			720			(720		)	2,271
	Other current liabilities	938			—			95,595			10,070			24			106,627
	Total current liabilities	2,928			94,006			209,195			35,598			(1,016		)	340,711
	Long-term debt	6,076			2,275,837			35,965			118,508			—			2,436,386
	Affiliate long-term debt	5,306			—			14,314			283,097			(283,098		)	19,619
	Other liabilities	44,321			28,381			563,579			110,021			(341,583		)	404,719
	Total liabilities	58,631			2,398,224			823,053			547,224			(625,697		)	3,201,435
	Total Sinclair Broadcast Group equity (deficit)	408,521			429,655			2,096,986			(94,879		)	(2,431,762		)	408,521
	Noncontrolling interests in consolidated subsidiaries	—			—			—			7,717			—			7,717
	Total liabilities and equity (deficit)	$	467,152		$	2,827,879		$	2,920,039		$	460,062		$	3,057,459		$	3,617,673
	CONDENSED CONSOLIDATING BALANCE SHEET
	AS OF DECEMBER 31, 2012
	(in thousands)
		Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
		Broadcast			Television			Subsidiaries			Guarantor						Consolidated
		Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
								LLC
	Cash	$	—		$	7,230		$	199		$	15,436		$	—		$	22,865
	Accounts and other receivables	152			907			175,837			7,622			(622		)	183,896
	Other current assets	2,821			2,342			56,522			9,028			(3,383		)	67,330
	Assets held for sale	—			—			30,357			—			—			30,357
	Total current assets	2,973			10,479			262,915			32,086			(4,005		)	304,448
	Property and equipment, net	6,315			8,938			321,873			113,454			(10,867		)	439,713
	Investment in consolidated subsidiaries	—			1,636,504			1,956			—			(1,638,460		)	—
	Restricted cash — long term	—			2			223			—			—			225
	Other long-term assets	84,055			375,687			60,114			112,757			(429,862		)	202,751
	Total other long-term assets	84,055			2,012,193			62,293			112,757			(2,068,322		)	202,976
	Goodwill and other intangible assets	—			—			1,706,646			153,961			(78,047		)	1,782,560
	Total assets	$	93,343		$	2,031,610		$	2,353,727		$	412,258		$	(2,161,241	)	$	2,729,697
	Accounts payable and accrued liabilities	$	326		$	61,165		$	83,049		$	9,379		$	(102	)	$	153,817
	Current portion of long-term debt	483			31,113			800			15,226			—			47,622
	Current portion of affiliate long-term debt	1,102			—			602			433			(433		)	1,704
	Other current liabilities	—			—			96,288			8,871			(3,099		)	102,060
	Liabilities held for sale	—			—			2,397			—			—			2,397
	Total current liabilities	1,911			92,278			183,136			33,909			(3,634		)	307,600
	Long-term debt	12,502			2,088,586			36,705			73,073			—			2,210,866
	Affiliate long-term debt	6,303			—			6,884			267,521			(267,521		)	13,187
	Dividends in excess of investment in consolidated subsidiaries	178,869			—			—			—			(178,869		)	—
	Other liabilities	10,708			2,509			491,845			103,007			(309,972		)	298,097
	Total liabilities	210,293			2,183,373			718,570			477,510			(759,996		)	2,829,750
	Total Sinclair Broadcast Group shareholders’ (deficit) equity	(116,950		)	(151,763		)	1,635,157			(82,149		)	(1,401,245		)	(116,950		)
	Noncontrolling interests in consolidated subsidiaries	—			—			—			16,897			—			16,897
Total liabilities and equity (deficit)	$	93,343		$	2,031,610		$	2,353,727		$	412,258		$	(2,161,241	)	$	2,729,697
Schedule of condensed consolidating statement of operations and comprehensive income	'
	CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
	FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2013
	(in thousands) (unaudited)
		Sinclair			Sinclair			Guarantor			Non-Guarantor			Eliminations			Sinclair
		Broadcast			Television			Subsidiaries			Subsidiaries						Consolidated
		Group, Inc.			Group, Inc.			and KDSM,
								LLC
	Net revenue	$	—		$	—		$	319,767		$	32,970		$	(14,093	)	$	338,644
	Program and production	—			112			99,186			13,870			(14,229		)	98,939
	Selling, general and administrative	901			14,712			64,300			2,386			(75		)	82,224
	Depreciation, amortization and other operating expenses	348			629			68,820			19,143			(4,307		)	84,633
	Total operating expenses	1,249			15,453			232,306			35,399			(18,611		)	265,796
	Operating (loss) income	(1,249		)	(15,453		)	87,461			-2,429			4,518			72,848
	Equity in earnings of consolidated subsidiaries	40,547			55,128			60			—			(95,735		)	—
	Interest expense	(203		)	(37,123		)	(1,269		)	(6,538		)	5,266			(39,867		)
	Other income (expense)	996			6,772			(6,710		)	1,085			(84		)	2,059
	Total other income (expense)	41,340			24,777			(7,919		)	(5,453		)	(90,553		)	(37,808		)
	Income tax benefit (provision)	(3,749		)	16,667			(22,236		)	929			3,900			(4,489		)
	Income from discontinued operations	—			6,108			(8		)	—			—			6,100
	Net income (loss)	36,342			32,099			57,298			(6,953		)	(82,135		)	36,651
	Net income attributable to the noncontrolling interests	—			—			—			(309		)	—			(309		)
	Net income (loss) attributable to Sinclair Broadcast Group	$	36,342		$	32,099		$	57,298		$	(7,262	)	$	(82,135	)	$	36,342
	Comprehensive income (loss)	$	36,613		$	32,061		$	57,298		$	(7,262	)	$	(82,097	)	$	36,613
	CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
	FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2012
	(in thousands) (unaudited)
		Sinclair			Sinclair			Guarantor			Non-Guarantor			Eliminations			Sinclair
		Broadcast			Television			Subsidiaries			Subsidiaries						Consolidated
		Group, Inc.			Group, Inc.			and KDSM,
								LLC
	Net revenue	$	—		$	—		$	246,531		$	14,364		$	(2,181	)	$	258,714
	Program and production	—			278			63,777			(1		)	(2,349		)	61,705
	Selling, general and administrative	746			13,157			36,720			908			(76		)	51,455
	Depreciation, amortization and other operating expenses	382			618			53,819			12,508			(171		)	67,156
	Total operating expenses	1,128			14,053			154,316			13,415			(2,596		)	180,316
	Operating (loss) income	(1,128		)	(14,053		)	92,215			949			415			78,398
	Equity in earnings of consolidated subsidiaries	26,435			50,171			—			—			(76,606		)	—
	Interest expense	(341		)	(32,560		)	(1,291		)	(6,352		)	5,250			(35,294		)
	Other income (expense)	869			43			40			1,597			(83		)	2,466
	Total other income (expense)	26,963			17,654			(1,251		)	(4,755		)	(71,439		)	(32,828		)
	Income tax benefit (provision)	326			19,872			(39,396		)	105			—			(19,093		)
	(Loss) income from discontinued operations	84			(68		)	(141		)	—			—			(125		)
	Net income (loss)	26,245			23,405			51,427			(3,701		)	(71,024		)	26,352
	Net income attributable to the noncontrolling interests	—			—			—			(107		)	—			(107		)
	Net income (loss) attributable to Sinclair Broadcast Group	$	26,245		$	23,405		$	51,427		$	(3,808	)	$	(71,024	)	$	26,245
	Comprehensive income (loss)	$	26,409		$	23,462		$	51,427		$	(3,808	)	$	(71,081	)	$	26,409
	CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
	FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2013
	(in thousands) (unaudited)
		Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
		Broadcast			Television			Subsidiaries			Guarantor						Consolidated
		Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
								LLC
	Net revenue	$	—		$	—		$	887,489		$	90,402		$	(42,475	)	$	935,416
	Program and production	—			207			269,360			28,489			(32,990		)	265,066
	Selling, general and administrative	2,679			34,840			167,654			14,627			(9,644		)	210,156
	Depreciation, amortization and other operating expenses	1,038			1,558			186,926			50,691			(803		)	239,410
	Total operating expenses	3,717			36,605			623,940			93,807			(43,437		)	714,632
	Operating (loss) income	(3,717		)	(36,605		)	263,549			(3,405		)	962			220,784
	Equity in earnings of consolidated subsidiaries	76,623			164,370			—			—			(240,993		)	—
	Interest expense	(903		)	(115,115		)	(3,607		)	(19,027		)	15,623			(123,029		)
	Other income (expense)	3,029			3,141			(19,433		)	4,990			(6,468		)	(14,741		)
	Total other income (expense)	78,749			52,396			(23,040		)	(14,037		)	(231,838		)	(137,770		)
Income tax (provision) benefit	(3,867		)	47,645			(73,267		)	2,597			3,900			(22,992		)
Income from discontinued operations	—			11,063			495			—			—			11,558
Net income (loss)	71,165			74,499			167,737			(14,845		)	(226,976		)	71,580
Net income attributable to the noncontrolling interests	—			—			—			(415		)	—			(415		)
Net income (loss) attributable to Sinclair Broadcast Group	$	71,165		$	74,499		$	167,737		$	(15,260	)	$	(226,976	)	$	71,165
Comprehensive income (loss)	$	71,464		$	74,383		$	167,737		$	(15,260	)	$	(226,860	)	$	71,464
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012
(in thousands) (unaudited)
	Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
	Broadcast			Television			Subsidiaries			Guarantor						Consolidated
	Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
							LLC
Net revenue	$	—		$	—		$	694,520		$	44,179		$	(6,537	)	$	732,162
Program and production	—			291			190,169			158			(6,520		)	184,098
Selling, general and administrative	2,117			38,720			102,075			2,999			(283		)	145,628
Depreciation, amortization and other operating expenses	1,148			1,282			150,636			39,636			(447		)	192,255
Total operating expenses	3,265			40,293			442,880			42,793			(7,250		)	521,981
Operating (loss) income	(3,265		)	(40,293		)	251,640			1,386			713			210,181
Equity in earnings of consolidated subsidiaries	86,991			156,249			—			—			(243,240		)	—
Interest expense	(999		)	(84,277		)	(3,695		)	(18,651		)	15,621			(92,001		)
Other income (expense)	2,192			53			85			7,751			(340		)	9,741
Total other income (expense)	88,184			72,025			(3,610		)	(10,900		)	(227,959		)	(82,260		)
Income tax benefit (provision)	745			38,414			(88,485		)	7,141			—			(42,185		)
(Loss) income from discontinued operations	—			(202		)	24			—			—			(178		)
Net income (loss)	85,664			69,944			159,569			(2,373		)	(227,246		)	85,558
Net loss attributable to the noncontrolling interests	—			—			—			106			—			106
Net income (loss) attributable to Sinclair Broadcast Group	$	85,664		$	69,944		$	159,569		$	(2,267	)	$	(227,246	)	$	85,664
Comprehensive income	$	85,804		$	70,190		$	159,569		$	(2,267	)	$	(227,492	)	$	85,804
Schedule of condensed consolidating statement of cash flows	'
	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
	FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2013
	(in thousands) (unaudited)
		Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
		Broadcast			Television			Subsidiaries			Guarantor						Consolidated
		Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
								LLC
	NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	$	(3,042	)	$	(66,985	)	$	208,126		$	(816	)	$	13,356		$	150,639
	CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:
	Acquisition of property and equipment	—			(2,253		)	(21,109		)	(5,414		)	—			(28,776		)
	Payments for acquisitions of television stations	—			—			(495,440		)	—			—			(495,440		)
	Payments for acquisitions in other operating divisions	—			—			—			(4,650		)	—			(4,650		)
	Purchase of alarm monitoring contracts	—			—			1,114			(13,042		)	—			(11,928		)
	Proceeds from sale of broadcast assets	—			—			27,992			—			—			27,992
	Decrease in restricted cash	—			(38,930		)	—			(2,102		)	—			(41,032		)
	Other, net	1,648			—			4,454			1,898			(10,908		)	(2,908		)
	Net cash flows (used in) from investing activities	1,648			(41,183		)	(482,989		)	(23,310		)	(10,908		)	(556,742		)
	CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
	Proceeds from notes payable, commercial bank financing and capital leases	—			1,146,789			—			52,026			—			1,198,815
	Repayments of notes payable, commercial bank financing and capital leases	(234		)	(985,755		)	(802		)	(11,294		)	—			(998,085		)
	Proceeds from the sale of common stock	472,400			—			—			—			—			472,400
	Dividends paid on Class A and Class B Common Stock	(41,938		)	—			235			—			(235		)	(41,938		)
	Increase (decrease) in intercompany payables	(429,664		)	154,648			292,696			(4,549		)	(13,131		)	—
	Other, net	830			(20,205		)	(554		)	(9,949		)	10,918			(18,960		)
	Net cash flows (used in) from financing activities	1,394			295,477			291,575			26,234			(2,448		)	612,232
	NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			187,309			16,712			2,108			—			206,129
	CASH AND CASH EQUIVALENTS, beginning of period	—			7,230			199			15,436			—			22,865
	CASH AND CASH EQUIVALENTS, end of period	$	—		$	194,539		$	16,911		$	17,544		$	—		$	228,994
	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
	FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012
	(in thousands) (unaudited)
		Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
		Broadcast			Television			Subsidiaries			Guarantor						Consolidated
		Group,			Group, Inc.			and KDSM,			Subsidiaries
		Inc.						LLC
	NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	$	(460	)	$	(75,408	)	$	228,829		$	9,428		$	915		$	163,304
	CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:
	Acquisition of property and equipment	—			(2,458		)	(25,624		)	(2,075		)	—			(30,157		)
	Payments for acquisitions of television stations	—			—			(590,917		)	—			—			(590,917		)
	Purchase of alarm monitoring contracts	—			—			—			(7,343		)	—			(7,343		)
	Decrease in restricted cash	—			15,849			—			—			—			15,849
	Other, net	740			—			63			2,502			—			3,305
	Net cash flows (used in) from investing activities	740			13,391			(616,478		)	(6,916		)	—			(609,263		)
	CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
	Proceeds from notes payable, commercial bank financing and capital leases	—			596,275			—			19.432			—			615,707
	Repayments of notes payable, commercial bank financing and capital leases	(308		)	(79,077		)	(458		)	(16,002		)	—			(95,845		)
	Dividends paid on Class A and Class B Common Stock	(31,646		)	—			—			—			401			(31,245		)
	Increase (decrease) in intercompany payables	32,087			(435,595		)	389,771			15,053			(1,316		)	—
	Other, net	(413		)	(8,364		)	(1,489		)	(734		)	—			(11,000		)
	Net cash flows (used in) from financing activities	(280		)	73,239			387,824			17,749			(915		)	477,617
	NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			11,222			175			20,261			—			31,658
	CASH AND CASH EQUIVALENTS, beginning of period	—			188			313			12,466			—			12,967
	CASH AND CASH EQUIVALENTS, end of period	$	—		$	11,410		$	488		$	32,727		$	—		$	44,625

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Oct. 31, 2012

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Jan. 31, 2013

WLAJ-TV

WLAJ-TV

WLAJ-TV

WLAJ-TV

WLAJ-TV

WLWC-TV

WLWC-TV

WLWC-TV

WLWC-TV

Maximum

Discontinued Operations

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from assets sold to an unrelated third party

'

'

'

'

'

'

'

$14,400,000

'

'

'

'

$13,800,000

Total revenues, net

338,644,000

258,714,000

935,416,000

732,162,000

1,100,000

600,000

2,200,000

'

'

1,800,000

1,600,000

4,700,000

'

Total income (loss) before taxes

'

'

'

'

'

$200,000

'

'

($100,000)

'

$400,000

$100,000

'

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details 2) (USD $)	3 Months Ended			9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012	Sep. 30, 2013		Sep. 30, 2012	Dec. 31, 2012		Dec. 31, 2011
Variable Interest Entities	'		'	'		'	'		'
Net broadcast revenues	$303,028,000		$225,023,000	$835,223,000		$633,493,000	'		'
Net revenue	338,644,000		258,714,000	935,416,000		732,162,000	'		'
CURRENT ASSETS:	'		'	'		'	'		'
Cash and cash equivalents	228,994,000		44,625,000	228,994,000		44,625,000	22,865,000		12,967,000
Accounts receivable	250,054,000		'	250,054,000		'	183,480,000		'
Current portion of program contract costs	82,583,000		'	82,583,000		'	56,581,000		'
Prepaid expenses and other current assets	14,780,000		'	14,780,000		'	7,404,000		'
Total current assets	587,582,000		'	587,582,000		'	304,448,000		'
PROGRAM CONTRACT COSTS, less current portion	30,249,000		'	30,249,000		'	12,767,000		'
PROPERTY AND EQUIPMENT, net	513,382,000		'	513,382,000		'	439,713,000		'
RESTRICTED CASH	41,257,000		'	41,257,000		'	225,000		'
GOODWILL	1,297,638,000		'	1,297,638,000		'	1,074,032,000		'
BROADCAST LICENSES	98,210,000		'	98,210,000		'	85,122,000		'
DEFINITE-LIVED INTANGIBLE ASSETS, net	819,678,000		'	819,678,000		'	623,406,000		'
OTHER ASSETS	229,677,000		'	229,677,000		'	189,984,000		'
Total assets	3,617,673,000	[1]	'	3,617,673,000	[1]	'	2,729,697,000	[1]	'
CURRENT LIABILITIES:	'		'	'		'	'		'
Accounts payable	14,412,000		'	14,412,000		'	10,086,000		'
Accrued liabilities	200,779,000		'	200,779,000		'	143,731,000		'
Current portion of notes payable, capital leases and commercial bank financing	16,622,000		'	16,622,000		'	47,622,000		'
Current portion of program contracts payable	99,900,000		'	99,900,000		'	88,015,000		'
Total current liabilities	340,711,000		'	340,711,000		'	307,600,000		'
LONG-TERM LIABILITIES:	'		'	'		'	'		'
Notes payable, capital leases and commercial bank financing, less current portion	2,436,386,000		'	2,436,386,000		'	2,210,866,000		'
Program contracts payable, less current portion	38,054,000		'	38,054,000		'	16,341,000		'
Total liabilities	3,201,435,000	[1]	'	3,201,435,000	[1]	'	2,829,750,000	[1]	'
Increase in additional paid in capital related to sale of investment in common stock	'		'	7,008,000		'	'		'
Eliminations	'		'	'		'	'		'
Variable Interest Entities	'		'	'		'	'		'
Net revenue	-14,093,000		-2,181,000	-42,475,000		-6,537,000	'		'
CURRENT ASSETS:	'		'	'		'	'		'
Total current assets	-3,327,000		'	-3,327,000		'	-4,005,000		'
PROPERTY AND EQUIPMENT, net	-7,242,000		'	-7,242,000		'	-10,867,000		'
Total assets	-3,057,459,000		'	-3,057,459,000		'	-2,161,241,000		'
CURRENT LIABILITIES:	'		'	'		'	'		'
Total current liabilities	-1,016,000		'	-1,016,000		'	-3,634,000		'
LONG-TERM LIABILITIES:	'		'	'		'	'		'
Total liabilities	-625,697,000		'	-625,697,000		'	-759,996,000		'
Consolidated VIEs, aggregated	'		'	'		'	'		'
Variable Interest Entities	'		'	'		'	'		'
Net broadcast revenues	11,100,000		2,600,000	30,300,000		11,900,000	'		'
CURRENT ASSETS:	'		'	'		'	'		'
Cash and cash equivalents	11,243,000		'	11,243,000		'	3,805,000		'
Accounts receivable	1,608,000		'	1,608,000		'	110,000		'
Income taxes receivable	'		'	'		'	94,000		'
Current portion of program contract costs	6,529,000		'	6,529,000		'	6,113,000		'
Prepaid expenses and other current assets	221,000		'	221,000		'	124,000		'
Total current assets	19,601,000		'	19,601,000		'	10,246,000		'
PROGRAM CONTRACT COSTS, less current portion	2,380,000		'	2,380,000		'	1,484,000		'
PROPERTY AND EQUIPMENT, net	14,739,000		'	14,739,000		'	10,806,000		'
RESTRICTED CASH	2,102,000		'	2,102,000		'	'		'
GOODWILL	13,812,000		'	13,812,000		'	6,357,000		'
BROADCAST LICENSES	16,832,000		'	16,832,000		'	14,927,000		'
DEFINITE-LIVED INTANGIBLE ASSETS, net	67,237,000		'	67,237,000		'	51,368,000		'
OTHER ASSETS	12,242,000		'	12,242,000		'	12,723,000		'
Total assets	148,945,000		'	148,945,000		'	107,911,000		'
CURRENT LIABILITIES:	'		'	'		'	'		'
Accounts payable	28,000		'	28,000		'	15,000		'
Accrued liabilities	1,130,000		'	1,130,000		'	186,000		'
Current portion of notes payable, capital leases and commercial bank financing	5,039,000		'	5,039,000		'	2,123,000		'
Current portion of program contracts payable	8,224,000		'	8,224,000		'	8,991,000		'
Total current liabilities	14,421,000		'	14,421,000		'	11,315,000		'
LONG-TERM LIABILITIES:	'		'	'		'	'		'
Notes payable, capital leases and commercial bank financing, less current portion	45,122,000		'	45,122,000		'	20,238,000		'
Program contracts payable, less current portion	2,954,000		'	2,954,000		'	2,080,000		'
Total liabilities	62,497,000		'	62,497,000		'	33,633,000		'
Consolidated VIEs | Cunningham	'		'	'		'	'		'
Variable Interest Entities	'		'	'		'	'		'
Number of television stations owned	7		'	7		'	'		'
Net broadcast revenues	25,900,000		25,500,000	80,300,000		73,500,000	'		'
LONG-TERM LIABILITIES:	'		'	'		'	'		'
Increase in additional paid in capital related to sale of investment in common stock	'		'	7,000,000		'	'		'
Consolidated VIEs | Deerfield	'		'	'		'	'		'
Variable Interest Entities	'		'	'		'	'		'
Number of television stations owned	8		'	8		'	'		'
JSAs and SSAs initial term	'		'	'8 years		'	'		'
JSAs and SSAs renewal terms	'		'	'8 years		'	'		'
Net revenue	20,800,000		'	59,800,000		'	'		'
Consolidated VIEs | Eliminations	'		'	'		'	'		'
LONG-TERM LIABILITIES:	'		'	'		'	'		'
Liabilities associated with the JSAs, SSAs, and option agreements	45,200,000		'	45,200,000		'	36,200,000		'
Consolidated VIEs | Eliminations | Cunningham	'		'	'		'	'		'
LONG-TERM LIABILITIES:	'		'	'		'	'		'
Total payments made under the LMA excluded from liabilities	32,400,000		'	32,400,000		'	29,800,000		'
Total capital leased liabilities excluded from VIE consolidation	$11,600,000		'	$11,600,000		'	$11,700,000		'
[1]	Our consolidated total assets as of September 30, 2013 and December 31, 2012 include total assets of variable interest entities (VIEs) of $148.9 million and $107.9 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of September 30, 2013 and December 31, 2012 include total liabilities of the VIEs of $16.4 million and $7.9 million, respectively, for which the creditors of the VIEs have no recourse to us.

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details 3) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Jun. 30, 2012

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

VIEs which are not primary beneficiary

VIEs which are not primary beneficiary

VIEs which are not primary beneficiary

VIEs which are not primary beneficiary

VIEs which are not primary beneficiary

Freedom

Freedom

Investments in real estate ventures

Investments in real estate ventures

Investments in investment companies

Investments in investment companies

Variable Interest Entities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net broadcast revenues

$303,028,000

$225,023,000

$835,223,000

$633,493,000

'

'

'

'

'

'

$10,000,000

'

'

'

'

Station production expenses

98,939,000

61,705,000

265,066,000

184,098,000

'

'

'

'

'

7,800,000

'

'

'

'

'

Carrying amount

'

'

'

'

29,609,000

'

29,609,000

'

30,983,000

'

'

3,545,000

3,648,000

26,064,000

27,335,000

Maximum exposure

'

'

'

'

29,609,000

'

29,609,000

'

30,983,000

'

'

3,545,000

3,648,000

26,064,000

27,335,000

Income from equity and cost method investments

1,571,000

1,919,000

115,000

8,343,000

700,000

300,000

1,400,000

7,000,000

'

'

'

'

'

'

'

Unfunded commitments related to private equity investment funds

'

'

'

'

$16,900,000

'

$16,900,000

'

$8,900,000

'

'

'

'

'

'

SUMMARY_OF_SIGNIFICANT_ACCOUNT6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details 4) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012
			Barrington, TTBG, and New Age	Leased Towers	Leased Towers
Restricted Cash	'	'	'	'	'
Purchase price deposited into escrow account	'	'	$40,600,000	'	'
Restricted cash held for removal of equipment	$41,257,000	$225,000	'	$200,000	$200,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details 5) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2013	Sep. 30, 2012
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	'	'	'	'
Release of valuation allowance related to state NOL carryforwards	$5.30	'	$5.30	'
Income tax provision upon finalization of the 2012 federal income tax return	2.2	'	2.2	'
Reduction in liability for unrecognized tax benefit, discontinued operation	6.1	5.1	11.2	'
Release of valuation allowance related to tax assets of Cunningham VIE	'	'	'	$7.70

ACQUISITIONS_Details

ACQUISITIONS (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

1 Months Ended

1 Months Ended

1 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

1 Months Ended

1 Months Ended

1 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

2 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 01, 2012

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 01, 2012

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Jun. 28, 2013

Oct. 31, 2012

Jan. 02, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2011

Jan. 31, 2012

Jan. 02, 2012

Jan. 31, 2012

Jan. 02, 2012

Jan. 31, 2012

Jan. 02, 2012

Jan. 31, 2012

Apr. 02, 2012

Sep. 30, 2013

Sep. 30, 2012

Mar. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2011

Apr. 30, 2012

Apr. 02, 2012

Apr. 30, 2012

Apr. 02, 2012

Apr. 30, 2012

Apr. 02, 2012

Apr. 30, 2012

Apr. 30, 2012

Dec. 01, 2012

Sep. 30, 2013

Sep. 30, 2013

Dec. 01, 2012

Dec. 01, 2012

Dec. 01, 2012

Dec. 01, 2012

Dec. 01, 2012

Feb. 01, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

31-May-13

Aug. 08, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Aug. 08, 2013

Aug. 08, 2013

Aug. 08, 2013

Sep. 30, 2013

Oct. 02, 2013

WLYH in Harrisburg, PA

WLWC-TV

WLWC-TV

WLWC-TV

WSTR and KMYS

WLAJ-TV

WLAJ-TV

WLAJ-TV

6.125% Notes

6.125% Notes

6.125% Notes

Four Points

Four Points

Four Points

Four Points

Four Points

Four Points

Four Points

Four Points

Four Points

Four Points

Four Points

Four Points

Four Points

Freedom

Freedom

Freedom

Freedom

Freedom

Freedom

Freedom

Freedom

Freedom

Freedom

Freedom

Freedom

Freedom

Freedom

Freedom

Newport

Newport

Newport

Newport

Newport

Newport

Newport

WPMI and WJTC

WHAM

Other acquisitions

Other acquisitions

WTTA-TV

WTTA-TV

WTTA-TV

CMG

Fisher Communications

Fisher Communications

Fisher Communications

Fisher Communications

Fisher Communications

Fisher Communications

Fisher Communications

Fisher Communications

TTBG LLC

TTBG LLC

Deerfield

item

Network affiliations

Network affiliations

Decaying advertiser base

Decaying advertiser base

Other intangible assets

Other intangible assets

Term Loan B

item

Network affiliations

Network affiliations

Decaying advertiser base

Decaying advertiser base

Other intangible assets

Other intangible assets

Term Loan A

Term Loan B

item

Network affiliations

Decaying advertiser base

Other intangible assets

6.125% Notes

Deerfield

Deerfield

item

item

item

item

KIDK and KXPI

Network affiliations

Decaying advertiser base

Other intangible assets

item

item

item

item

Acquisitions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of television stations

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7

'

'

'

'

'

'

'

'

'

'

'

'

8

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7

'

'

'

'

'

'

'

'

8

5

'

'

'

'

22

'

'

'

2

'

'

'

2

2

Number of markets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4

'

'

'

'

'

'

'

'

'

'

'

'

7

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6

'

'

'

'

'

'

'

'

6

3

'

'

'

4

8

'

'

'

'

'

'

'

1

'

Number of radio stations in Seattle market

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4

'

'

'

'

'

'

'

'

'

Cash paid for acquisition (in dollar per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$41

'

'

'

'

'

'

'

'

'

Cash paid

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$200,000,000

'

'

'

'

'

'

'

'

'

'

'

'

$385,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$460,500,000

'

'

'

'

'

'

'

'

$136,900,000

$45,100,000

'

'

'

'

$373,200,000

'

'

'

'

'

'

'

'

'

Working capital adjustment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-900,000

'

'

'

'

'

'

'

'

'

'

'

'

300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-1,300,000

'

'

'

'

'

'

'

'

-4,400,000

-700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-controlling interests related to, and amounts paid by certain VIE's for, the license assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,100,000

4,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of draw under incremental loan commitment used to finance acquisition

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

180,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

157,500,000

192,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Escrow deposit used to fund acquisition

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20,000,000

'

'

'

'

'

'

'

'

'

'

'

'

38,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

41,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

6.13%

6.13%

6.13%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6.13%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of stations whose license assets were sold

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Price of assets acquired/sold

'

'

'

'

200,000

'

'

'

10,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,000,000

6,000,000

'

'

'

'

'

'

'

'

'

'

5,900,000

'

'

'

'

'

Estimated projected benefit obligation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

23,500,000

'

'

'

'

'

'

'

'

'

Estimated discount rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.60%

'

'

'

'

'

'

'

'

'

Estimated fair value of annuity contracts and cash surrender value of the life insurance policies

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

17,900,000

'

'

'

'

'

'

'

'

'

Allocated fair value of acquired assets and assumed liabilities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13,531,000

'

'

'

'

'

'

'

'

'

Accounts Receivable

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

29,962,000

'

'

'

'

'

'

'

'

'

Prepaid expenses and other current assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

456,000

'

'

'

'

'

'

'

'

'

'

'

'

373,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,390,000

'

'

'

'

'

'

'

'

1,991,000

160,000

'

'

'

'

2,079,000

'

'

'

'

'

'

'

'

'

Program contract costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,731,000

'

'

'

'

'

'

'

'

'

'

'

'

3,520,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,378,000

'

'

'

'

'

'

'

'

7,594,000

1,638,000

'

'

'

'

10,954,000

'

'

'

'

'

'

'

'

'

Property and equipment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

34,578,000

'

'

'

'

'

'

'

'

'

'

'

'

54,109,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

53,883,000

'

'

'

'

'

'

'

'

35,439,000

16,545,000

'

'

'

'

48,616,000

'

'

'

'

'

'

'

'

'

Broadcast licenses

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,658,000

'

'

'

'

'

'

'

'

'

'

'

'

10,424,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15,581,000

'

'

'

'

'

'

'

'

1,611,000

2,679,000

'

'

'

'

11,058,000

'

'

'

'

'

'

'

'

'

Definite-lived intangible assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

93,800,000

'

'

'

'

'

'

66,900,000

'

9,800,000

'

17,100,000

'

140,963,000

'

'

'

'

'

'

'

93,100,000

'

25,100,000

'

22,800,000

'

'

240,013,000

'

'

176,000,000

23,700,000

40,300,000

'

'

'

48,049,000

22,546,000

'

'

'

'

156,332,000

'

'

'

'

100,600,000

15,000,000

40,800,000

'

'

Other assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

548,000

'

'

'

'

'

'

'

'

'

'

'

'

278,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,097,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

24,632,000

'

'

'

'

'

'

'

'

'

Assets Held for Sale

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,900,000

'

'

'

'

'

'

'

'

'

Accrued liabilities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-381,000

'

'

'

'

'

'

'

'

'

'

'

'

-589,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-3,928,000

'

'

'

'

'

'

'

'

-2,086,000

-1,178,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accounts payable and accrued liabilities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-20,342,000

'

'

'

'

'

'

'

'

'

Program contracts payable

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-5,157,000

'

'

'

'

'

'

'

'

'

'

'

'

-3,404,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-11,634,000

'

'

'

'

'

'

'

'

-7,625,000

-4,252,000

'

'

'

'

-10,954,000

'

'

'

'

'

'

'

'

'

Deferred Tax Liability

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-50,416,000

'

'

'

'

'

'

'

'

'

Other long-term liabilities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-25,482,000

'

'

'

'

'

'

'

'

'

Fair value of identifiable net assets acquired

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

138,233,000

'

'

'

'

'

'

'

'

'

'

'

'

205,674,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

306,780,000

'

'

'

'

'

'

'

'

84,973,000

38,138,000

'

'

'

'

195,870,000

'

'

'

'

'

'

'

'

'

Goodwill

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

60,843,000

'

'

'

'

'

'

'

'

'

'

'

'

179,609,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

164,621,000

'

'

'

'

'

'

'

'

50,674,000

10,661,000

'

'

'

'

177,326,000

'

'

'

'

'

'

'

'

'

Total

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

199,076,000

'

'

'

'

'

'

'

'

'

'

'

'

385,283,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

471,401,000

'

'

'

'

'

'

'

'

135,647,000

48,799,000

'

'

'

'

373,196,000

'

'

'

'

'

'

'

'

'

Goodwill deductible for tax purposes

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

19,500,000

'

'

'

'

'

'

'

'

'

Amortization period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'15 years

'

'10 years

'

'

'

'

'

'

'

'

'

'

'

'15 years

'

'10 years

'

'

'

'

'

'

'

'

'15 years

'10 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'15 years

'10 years

'

'

'

Weighted average life

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'14 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'16 years

'

'

'

'

'

'

'

'

'14 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'15 years

'

'

Amount paid for funding working capital needs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,100,000

'

'

'

'

'

'

'

'

'

'

9,600,000

'

'

1,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net broadcast revenues

303,028,000

225,023,000

835,223,000

633,493,000

'

'

'

'

'

'

'

'

'

'

'

'

17,900,000

18,700,000

54,300,000

52,900,000

'

'

'

'

'

'

'

'

'

26,200,000

26,800,000

10,000,000

79,900,000

52,500,000

'

'

'

'

'

'

'

'

'

'

36,100,000

109,300,000

'

'

'

'

'

'

'

'

29,500,000

47,000,000

'

'

'

'

25,900,000

25,900,000

'

'

'

'

'

'

Operating income (loss)

72,848,000

78,398,000

220,784,000

210,181,000

'

'

'

'

'

'

'

'

'

'

'

'

4,400,000

4,100,000

14,000,000

11,600,000

'

'

'

'

'

'

'

'

'

6,700,000

5,000,000

'

20,800,000

14,000,000

'

'

'

'

'

'

'

'

'

'

5,500,000

25,300,000

'

'

'

'

'

'

'

'

6,700,000

10,500,000

'

'

'

'

8,200,000

8,200,000

'

'

'

'

'

'

Severance expense related to executives and employees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,300,000

'

'

'

'

'

'

'

'

Net broadcast revenues

'

'

'

'

'

1,400,000

1,400,000

4,100,000

'

1,100,000

700,000

2,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating income (loss)

'

'

'

'

'

-200,000

200,000

100,000

'

-200,000

100,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Transaction costs

3,500,000

'

3,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenue from discontinued operations excluded from pro forma revenues

'

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Costs incurred in corporate, general and administrative expenses

100,000

400,000

1,000,000

900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Difference between the purchase price and the historical cost basis recorded as a reduction in additional paid-in capital

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

23,600,000

'

'

'

'

'

'

'

'

'

'

'

Difference between the purchase price and the historical cost basis recorded as a reduction in additional paid-in capital, tax amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15,600,000

'

'

'

'

'

'

'

'

'

'

'

Pro Forma Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total revenues

354,545,000

335,849,000

1,030,175,000

972,305,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net Income

28,380,000

29,877,000

57,487,000

84,146,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net Income attributable to Sinclair Broadcast Group

$28,071,000

$29,733,000

$57,072,000

$84,139,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Basic and diluted earnings per share attributable to Sinclair Broadcast Group (in dollars per share)

$0.28

$0.37

$0.70

$1.04

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES: (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

1 Months Ended

1 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Aug. 08, 2013

Sep. 30, 2013

Oct. 02, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Jun. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

14-May-12

31-May-12

14-May-12

31-May-12

Feb. 28, 2013

Jun. 30, 2013

Jul. 31, 2013

Jun. 30, 2013

Fisher

TTBG

TTBG

New Age Media

Network affiliation agreements

Network affiliation agreements

Network affiliation agreements

Network affiliation agreements

Network affiliation agreements

Network affiliation agreements

Option agreement

Option agreement

Option agreement

Pending acquisition agreement

Pending acquisition agreement

Pending acquisition agreement

Pending acquisition agreement

item

item

item

item

FOX

FOX

FOX

FOX

FOX

FOX

FTS

FTS

FTS

Barrington Broadcasting Group, LLC

TTBG

Perpetual Corporation and Charleston Television, LLC

Deerfield

item

item

WUTB (MNT) station in Baltimore

Maximum

item

item

Scenario forecast

TTBG

item

item

item

COMMITMENTS AND CONTINGENCIES

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of affiliates

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20

'

'

'

'

'

7

'

Purchase price pursuant to option

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,700,000

'

'

'

'

'

Option to purchase stations, number of markets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

'

'

'

'

Number of designated markets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4

'

'

'

'

'

'

Number of markets

'

'

'

'

'

8

1

'

3

'

'

'

'

'

'

'

'

'

15

3

'

'

Amount paid pursuant to the agreements

'

'

'

'

'

'

'

'

'

'

'

25,000,000

'

'

'

'

'

'

'

'

'

'

Other assets

229,677,000

'

229,677,000

'

189,984,000

'

'

'

'

'

'

50,000,000

'

'

'

'

'

'

'

'

'

'

Other accrued liabilities

'

'

'

'

'

'

'

'

'

'

'

25,000,000

'

'

'

'

'

'

'

'

'

'

Amortization of definite-lived intangible assets and other assets

17,168,000

10,562,000

48,727,000

26,375,000

'

'

'

'

'

2,200,000

2,200,000

'

6,600,000

3,300,000

'

'

'

'

'

'

'

'

Purchase price

'

'

'

'

'

'

'

'

$90,000,000

'

'

'

'

'

'

'

'

'

$370,000,000

$115,400,000

$985,000,000

'

Number of television stations owned

'

'

'

'

'

22

2

2

8

'

'

'

'

'

'

'

'

'

18

4

'

'

Number of stations to which sales services were provided

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6

'

'

'

Number of stations located in specified markets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

24

'

'

'

Number of stations to which purchasing rights will be assigned

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

Number of stations to which sales and other services will be provided

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

NOTES_PAYABLE_AND_COMMERCIAL_B1

NOTES PAYABLE AND COMMERCIAL BANK FINANCING (Details) (USD $)

9 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

1 Months Ended

1 Months Ended

3 Months Ended

0 Months Ended

1 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Oct. 23, 2013

Apr. 09, 2013

Oct. 23, 2013

Oct. 31, 2013

Oct. 23, 2013

Apr. 09, 2013

Sep. 30, 2013

Sep. 30, 2013

Oct. 23, 2013

Oct. 23, 2013

Sep. 30, 2013

Oct. 11, 2013

Oct. 11, 2013

Oct. 11, 2013

Jun. 28, 2013

Apr. 02, 2013

Sep. 30, 2013

Apr. 02, 2013

Apr. 02, 2013

Jun. 28, 2013

Sep. 30, 2013

Oct. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Oct. 31, 2013

Oct. 12, 2013

Sep. 30, 2013

Dec. 31, 2013

Oct. 12, 2013

Apr. 09, 2013

Oct. 23, 2013

Oct. 31, 2013

Subsequent Event

Term Loan A

Term Loan A

Term Loan A

Term Loan A

Term Loan B

Term Loan B

Term Loan B

Term Loan B

Term Loan B

6.375% Senior Notes, due 2021

6.375% Senior Notes, due 2021

6.375% Senior Notes, due 2021

6.375% Senior Notes, due 2021

5.375% Senior Unsecured Notes, due 2021

5.375% Senior Unsecured Notes, due 2021

5.375% Senior Unsecured Notes, due 2021

5.375% Senior Unsecured Notes, due 2021

5.375% Senior Unsecured Notes, due 2021

6.125% Senior Unsecured Notes, due 2022

6.125% Senior Unsecured Notes, due 2022

6.125% Senior Unsecured Notes, due 2022

4.875% Notes

3.0% Notes

3.0% Notes

9.25% Senior Secured Second Lien Notes due 2017

9.25% Senior Secured Second Lien Notes due 2017

9.25% Senior Secured Second Lien Notes due 2017

9.25% Senior Secured Second Lien Notes due 2017

Revolving line of credit

Revolving line of credit

Revolving line of credit

Bank Credit Agreement

Bank Credit Agreement

Subsequent Event

Subsequent Event

Subsequent Event

Bank Credit Agreement

Bank Credit Agreement

Bank Credit Agreement

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Period prior to April 1, 2016

Period on or prior to April 1, 2016

Subsequent Event

Forecast

Subsequent Event

Bank Credit Agreement

Subsequent Event

Subsequent Event

Bank Credit Agreement

Bank Credit Agreement

Bank Credit Agreement

Bank Credit Agreement

Bank Credit Agreement

Period beginning on November 1, 2016

Period on or prior to November 1, 2016

Bank Credit Agreement

Bank Credit Agreement

LIBOR

LIBOR

Notes Payable And Commercial Bank Financing

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of debt issued

'

'

$450,000,000

'

$200,000,000

$445,000,000

'

'

'

'

$250,000,000

'

'

$350,000,000

'

'

'

$600,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Variable rate basis

'

'

'

'LIBOR

'

'

'LIBOR

'LIBOR

'

'

'

'LIBOR

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'LIBOR

'

'

Interest rate margin (as a percent)

'

'

'

2.25%

'

'

2.25%

2.25%

'

'

'

2.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.25%

'

'

LIBOR floor (as a percent)

'

'

'

'

'

'

'

0.75%

'

'

'

0.75%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Borrowing capacity

'

'

'

500,000,000

700,000,000

'

'

400,000,000

'

'

650,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

5,700,000

'

5,400,000

'

'

'

'

100,000,000

'

'

Gain (loss) on extinguishment of debt

16,283,000

335,000

'

'

'

'

'

16,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-900,000

'

'

43,100,000

'

'

'

'

Deferred financing costs related to amendment

'

'

10,600,000

'

'

'

'

7,300,000

9,700,000

9,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest expense

'

'

'

'

'

'

'

'

-2,400,000

2,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase in borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

57,500,000

50,000,000

Debt instrument, stated interest rate payable (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

6.38%

6.38%

'

'

5.38%

5.38%

5.38%

'

'

6.13%

6.13%

6.13%

4.88%

3.00%

3.00%

9.25%

9.25%

'

9.25%

'

'

'

Percent of outstanding debt converted

'

'

'

'

'

'

'

'

'

'

'

'

'

1

'

'

'

1

'

'

'

'

'

'

1

'

1

'

'

'

'

'

'

'

Redemption price of the debt instrument (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum percentage of the principal amount of the debt instrument which the entity may redeem with the proceeds from certain equity offerings

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

35.00%

'

'

'

'

35.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price in tender offers commenced as a percentage of face value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

Face amount of outstanding notes

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

600,000,000

'

'

'

'

500,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Class A Common Stock issued upon conversion (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

338,632

'

'

'

'

'

'

'

'

'

Face amount of debt redeemed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000,000

'

'

'

Redemption price

998,085,000

95,845,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

546,100,000

'

'

'

Conversion price

7,313,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,500,000

'

'

'

'

'

'

'

Accrued and unpaid interest and make-whole premium

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

25,400,000

'

'

'

Increase in additional paid-in capital

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$7,300,000

'

'

'

'

'

'

'

'

'

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income (Numerator)	'	'	'	'
Income from continuing operations	$30,551	$26,477	$60,022	$85,736
Net (income) loss attributable to noncontrolling interests included in continuing operations	-309	-107	-415	106
Numerator for diluted earnings per common share from continuing operations available to common shareholders	30,242	26,415	59,607	85,977
Income (loss) from discontinued operations, net of taxes	6,100	-125	11,558	-178
Numerator for diluted earnings available to common shareholders	36,342	26,290	71,165	85,799
Shares (Denominator)	'	'	'	'
Weighted average common shares outstanding (in shares)	99,473,000	81,081,000	90,982,000	80,990,000
Dilutive effect of stock settled appreciation rights, restricted stock awards and outstanding stock options (in shares)	766,000	44,000	567,000	23,000
Weighted-average common and common equivalent shares outstanding (in shares)	100,239,000	81,379,000	91,549,000	81,267,000
Additional Disclosures	'	'	'	'
Antidilutive dilutive securities excluded from calculation of diluted earnings per share (in shares)	0	1,400,000	0	1,500,000
4.875% Notes	'	'	'	'
Earning Per Share	'	'	'	'
Interest rate (as a percent)	4.88%	'	4.88%	'
Income (Numerator)	'	'	'	'
Income impact of assumed conversion of debt securities, net of taxes	'	$45	'	$135
Shares (Denominator)	'	'	'	'
Dilutive effect of debt securities (in shares)	'	254,000	'	254,000
3.0% Notes	'	'	'	'
Earning Per Share	'	'	'	'
Interest rate (as a percent)	3.00%	'	3.00%	'
3.0% Notes | Maximum	'	'	'	'
Additional Disclosures	'	'	'	'
Effect of conversion of notes on diluted earnings per share (in dollars per share)	$0.01	'	$0.01	'

RELATED_PERSON_TRANSACTIONS_De

RELATED PERSON TRANSACTIONS (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 01, 2012

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2010

Sep. 30, 2013

Mar. 31, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Oct. 02, 2013

Jul. 31, 2013

Nov. 05, 2009

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Oct. 01, 2012

Jul. 02, 2012

Jan. 02, 2010

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Jun. 30, 2013

Jun. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Entities owned by the controlling shareholders

Entities owned by the controlling shareholders

Entities owned by the controlling shareholders

Entities owned by the controlling shareholders

Bay TV

Bay TV

Bay TV

Bay TV

Bay TV

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Cunningham

Atlantic Automotive Corporation

Atlantic Automotive Corporation

Atlantic Automotive Corporation

Atlantic Automotive Corporation

Atlantic Automotive Corporation

Atlantic Automotive Corporation

Atlantic Automotive Corporation

Atlantic Automotive Corporation

Atlantic Automotive Corporation

Atlantic Automotive Corporation

Atlantic Automotive Corporation

Thomas & Libowitz

Thomas & Libowitz

Thomas & Libowitz

Thomas & Libowitz

David Smith

David Smith

David Smith

David Smith

David Smith

David Smith

David Smith

David Smith

Controlling shareholders

Controlling shareholders

Controlling shareholders

Controlling shareholders

Leased assets or facilities

Leased assets or facilities

Leased assets or facilities

Leased assets or facilities

LMA

LMA

LMA

Leased assets or facilities

LMA

LMA

LMA

LMA

LMA

LMA

LMA

LMA

Minimum

Maximum

Leased assets or facilities

Leased assets or facilities

Leased assets or facilities

Advertising time

Advertising time

Vehicles and related vehicle services

Vehicles and related vehicle services

Vehicles and related vehicle services

Vehicles and related vehicle services

Maximum

Maximum

Legal services

Legal services

Legal services

Legal services

Leased assets or facilities

Leased assets or facilities

Maximum

Maximum

Maximum

Maximum

Maximum

Maximum

Charter Aircraft

Charter Aircraft

Charter Aircraft

Charter Aircraft

item

item

LMA

item

item

Advertising time

Advertising time

Real estate ventures in Baltimore, MD

Real estate ventures in Towson, MD

Leased assets or facilities

Leased assets or facilities

Leased assets or facilities

Leased assets or facilities

Leased assets or facilities

Leased assets or facilities

item

item

Real estate ventures in Baltimore, MD

Real estate ventures in Baltimore, MD

Real estate ventures in Baltimore, MD

Real estate ventures in Baltimore, MD

Real estate ventures in Towson, MD

Real estate ventures in Towson, MD

Related person transactions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Right to acquire voting and nonvoting stock (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount paid

'

'

'

'

$1,300,000

$1,200,000

$3,800,000

$3,400,000

'

$2,900,000

$2,200,000

$1,700,000

'

'

'

'

'

'

'

'

'

$2,300,000

$4,000,000

$6,800,000

$11,900,000

'

'

'

'

'

'

'

'

'

'

'

$200,000

$500,000

$1,100,000

$1,100,000

'

'

$300,000

$300,000

$1,300,000

$700,000

'

'

'

'

'

'

'

'

'

'

'

'

Price for which nonvoting stock was purchased

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of the total capital stock held in the related party, none of which have voting rights

'

'

'

'

'

'

'

'

'

'

'

'

'

4.40%

'

'

4.40%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Right to acquire capital stock or assets of individual subsidiaries (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount to purchase license assets of KDBC-TV El Paso, Texas

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

21,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of additional renewal terms

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Agreement renewal period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount obligated to be paid

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

29,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of quarterly installments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of quarterly installments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,750,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

One quarterly installment amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional payments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,750,000

1,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate purchase price

'

'

'

'

'

'

'

'

40,000,000

'

'

'

'

'

'

'

'

'

21,000,000

'

78,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aircraft expense

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

300,000

200,000

600,000

500,000

Amount of purchase price reduction from quarterly installments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

29,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Annual increase in aggregate purchase price (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

6.00%

'

'

6.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of net broadcast revenue used to determine annual LMA fees required to be paid

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount used to determine annual LMA fees required to be paid

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Remaining purchase price

'

'

'

'

'

'

'

'

'

'

'

'

'

57,100,000

'

'

57,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating costs reimbursement (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Monthly payment required to be paid

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total revenues

338,644,000

258,714,000

935,416,000

732,162,000

'

'

'

'

'

'

'

'

'

24,500,000

'

25,500,000

75,700,000

73,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount received

'

'

'

'

'

'

'

'

'

'

'

'

500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000

100,000

'

'

'

'

100,000

100,000

'

'

'

'

'

'

100,000

100,000

200,000

100,000

100,000

100,000

'

'

'

'

Annual rent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$300,000

$700,000

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of restaurants owned by a related party

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

1

'

'

'

'

'

'

'

'

'

'

Number of real estate ventures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

1

'

'

'

'

'

'

'

'

'

'

'

'

'

1

1

'

'

'

'

'

'

'

'

'

'

SEGMENT_DATA_Details

SEGMENT DATA (Details) (USD $)	3 Months Ended			9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012	Sep. 30, 2013		Sep. 30, 2012	Dec. 31, 2012
SEGMENT DATA	'		'	'		'	'
Intercompany loans	$171,700,000		$171,200,000	$171,700,000		$171,200,000	'
Intercompany interest expense	5,000,000		5,000,000	15,000,000		14,900,000	'
Segment data	'		'	'		'	'
Revenue	338,644,000		258,714,000	935,416,000		732,162,000	'
Depreciation of property and equipment	17,408,000		12,626,000	47,108,000		34,031,000	'
Amortization of definite-lived intangible assets and other assets	17,168,000		10,562,000	48,727,000		26,375,000	'
Amortization of program contract costs and net realizable value adjustments	19,229,000		14,296,000	56,746,000		43,565,000	'
General and administrative overhead expenses	16,109,000		8,286,000	38,806,000		25,166,000	'
Operating income (loss)	72,848,000		78,398,000	220,784,000		210,181,000	'
Interest expense	39,867,000		35,294,000	123,029,000		92,001,000	'
Income from equity and cost method investments	1,571,000		1,919,000	115,000		8,343,000	'
Assets	3,617,673,000	[1]	'	3,617,673,000	[1]	'	2,729,697,000	[1]
Operating segments | Broadcast	'		'	'		'	'
Segment data	'		'	'		'	'
Number of markets	'		'	58		'	'
Revenue	323,681,000		246,202,000	896,153,000		693,553,000	'
Depreciation of property and equipment	16,579,000		11,864,000	44,739,000		31,768,000	'
Amortization of definite-lived intangible assets and other assets	15,851,000		9,556,000	45,089,000		23,021,000	'
Amortization of program contract costs and net realizable value adjustments	19,229,000		14,296,000	56,746,000		43,565,000	'
General and administrative overhead expenses	14,633,000		7,325,000	34,991,000		21,932,000	'
Operating income (loss)	74,210,000		78,988,000	224,652,000		213,618,000	'
Assets	3,303,838,000		'	3,303,838,000		'	'
Operating segments | Other Operating Divisions	'		'	'		'	'
Segment data	'		'	'		'	'
Revenue	14,963,000		12,512,000	39,263,000		38,609,000	'
Depreciation of property and equipment	481,000		380,000	1,330,000		1,115,000	'
Amortization of definite-lived intangible assets and other assets	1,317,000		1,006,000	3,638,000		3,354,000	'
General and administrative overhead expenses	576,000		215,000	1,136,000		1,130,000	'
Operating income (loss)	-113,000		538,000	-150,000		-172,000	'
Interest expense	846,000		962,000	2,385,000		2,517,000	'
Income from equity and cost method investments	1,571,000		1,919,000	115,000		8,343,000	'
Assets	306,204,000		'	306,204,000		'	'
Corporate	'		'	'		'	'
Segment data	'		'	'		'	'
Depreciation of property and equipment	348,000		382,000	1,039,000		1,148,000	'
General and administrative overhead expenses	900,000		746,000	2,679,000		2,104,000	'
Operating income (loss)	-1,249,000		-1,128,000	-3,718,000		-3,265,000	'
Interest expense	39,021,000		34,332,000	120,644,000		89,484,000	'
Assets	$7,631,000		'	$7,631,000		'	'
[1]	Our consolidated total assets as of September 30, 2013 and December 31, 2012 include total assets of variable interest entities (VIEs) of $148.9 million and $107.9 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of September 30, 2013 and December 31, 2012 include total liabilities of the VIEs of $16.4 million and $7.9 million, respectively, for which the creditors of the VIEs have no recourse to us.

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS: (Details) (USD $)

Oct. 12, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Jun. 28, 2013

Oct. 31, 2012

Sep. 30, 2013

Jun. 28, 2013

Apr. 02, 2013

Oct. 31, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

9.25% Senior Secured Second Lien Notes due 2017

9.25% Senior Secured Second Lien Notes due 2017

8.375% Senior Notes due 2018

6.125% Senior Unsecured Notes due 2022

6.125% Senior Unsecured Notes due 2022

6.125% Senior Unsecured Notes due 2022

5.375% Senior Unsecured Notes due 2021

5.375% Senior Unsecured Notes due 2021

5.375% Senior Unsecured Notes due 2021

3.0% Convertible Senior Notes, due 2027

3.0% Convertible Senior Notes, due 2027

Level 1

Level 1

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Fair Value

Fair Value

Carrying Value

Carrying Value

Carrying Value

Carrying Value

Carrying Value

Carrying Value

Carrying Value

Carrying Value

Carrying Value

Carrying Value

Carrying Value

Carrying Value

Carrying Value

Carrying Value

Fair Value

Fair Value

Fair Value

Fair Value

Fair Value

Fair Value

Fair Value

Fair Value

Fair Value

Fair Value

Fair Value

Fair Value

Fair Value

Fair Value

Cunningham

Cunningham

9.25% Senior Secured Second Lien Notes due 2017

9.25% Senior Secured Second Lien Notes due 2017

8.375% Senior Notes due 2018

8.375% Senior Notes due 2018

6.125% Senior Unsecured Notes due 2022

6.125% Senior Unsecured Notes due 2022

5.375% Senior Unsecured Notes due 2021

Term Loan A

Term Loan A

Term Loan B

Term Loan B

Deerfield Bank Credit Facility

Deerfield Bank Credit Facility

Cunningham Bank Credit Facility

9.25% Senior Secured Second Lien Notes due 2017

9.25% Senior Secured Second Lien Notes due 2017

8.375% Senior Notes due 2018

8.375% Senior Notes due 2018

6.125% Senior Unsecured Notes due 2022

6.125% Senior Unsecured Notes due 2022

5.375% Senior Unsecured Notes due 2021

Term Loan A

Term Loan A

Term Loan B

Term Loan B

Deerfield Bank Credit Facility

Deerfield Bank Credit Facility

Cunningham Bank Credit Facility

item

FAIR VALUE MEASUREMENTS:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

9.25%

9.25%

8.38%

6.13%

6.13%

6.13%

5.38%

5.38%

5.38%

'

3.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value

'

'

'

'

'

'

'

'

'

'

'

'

'

$491,709,000

$490,517,000

$235,129,000

$234,853,000

$500,000,000

$500,000,000

$600,000,000

$55,000,000

$263,875,000

$398,000,000

$580,850,000

$24,694,000

$19,950,000

$21,500,000

$531,875,000

$552,500,000

$237,506,000

$265,886,000

$503,125,000

$533,125,000

$574,500,000

$54,753,000

$262,556,000

$394,178,000

$589,125,000

$24,898,000

$19,950,000

$21,500,000

Number of VIEs who classify investments as trading securities

'

'

'

'

'

'

'

'

'

'

'

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes converted and settled in cash

'

'

'

'

'

'

'

'

'

10,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value of trading securities

'

'

'

'

'

'

'

'

'

'

'

$9,000,000

$6,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

CONDENSED_CONSOLIDATING_FINANC2

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS: (Details) (USD $)

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2012

Dec. 31, 2011

Sep. 30, 2013

Jun. 28, 2013

Apr. 02, 2013

Sep. 30, 2013

Jun. 28, 2013

Oct. 31, 2012

Sep. 30, 2013

Oct. 12, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2012

Dec. 31, 2011

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2012

Dec. 31, 2011

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2012

Dec. 31, 2011

Sep. 30, 2013

Dec. 31, 2012

5.375% Senior Unsecured Notes, due 2021

5.375% Senior Unsecured Notes, due 2021

5.375% Senior Unsecured Notes, due 2021

6.125% Senior Unsecured Notes, due 2022

6.125% Senior Unsecured Notes, due 2022

6.125% Senior Unsecured Notes, due 2022

8.375% Senior Notes due 2018

9.25% Senior Secured Second Lien Notes due 2017

9.25% Senior Secured Second Lien Notes due 2017

6.375% Senior Notes, due 2021

4.875% Notes

3.0% Notes

6.0% Notes

Sinclair Broadcast Group, Inc.

Sinclair Broadcast Group, Inc.

Sinclair Television Group, Inc.

Sinclair Television Group, Inc.

Sinclair Television Group, Inc.

Sinclair Television Group, Inc.

Sinclair Television Group, Inc.

Sinclair Television Group, Inc.

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Reportable legal entities

Eliminations

Eliminations

3.0% Notes

5.375% Senior Unsecured Notes, due 2021

6.125% Senior Unsecured Notes, due 2022

8.375% Senior Notes due 2018

9.25% Senior Secured Second Lien Notes due 2017

6.375% Senior Notes, due 2021

Sinclair Broadcast Group, Inc.

Sinclair Broadcast Group, Inc.

Sinclair Television Group, Inc.

Sinclair Television Group, Inc.

Sinclair Television Group, Inc.

Sinclair Television Group, Inc.

Guarantor Subsidiaries and KDSM, LLC

Guarantor Subsidiaries and KDSM, LLC

Guarantor Subsidiaries and KDSM, LLC

Guarantor Subsidiaries and KDSM, LLC

Non-Guarantor Subsidiaries

Non-Guarantor Subsidiaries

Non-Guarantor Subsidiaries

Non-Guarantor Subsidiaries

CONDENSED CONSOLIDATING BALANCE SHEET

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

'

'

'

'

5.38%

5.38%

5.38%

6.13%

6.13%

6.13%

8.38%

9.25%

9.25%

6.38%

4.88%

3.00%

6.00%

'

3.00%

'

5.38%

6.13%

8.38%

9.25%

6.38%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Consolidated total debt

$2,475,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,380,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of debt guaranteed by parent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,338,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash

228,994,000

22,865,000

44,625,000

12,967,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

194,539,000

7,230,000

11,410,000

188,000

16,911,000

199,000

488,000

313,000

17,544,000

15,436,000

32,727,000

12,466,000

'

'

Accounts and other receivables

250,054,000

183,896,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

86,000

152,000

1,733,000

907,000

'

'

239,971,000

175,837,000

'

'

9,620,000

7,622,000

'

'

-1,356,000

-622,000

Other current assets

102,634,000

67,330,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,487,000

2,821,000

8,538,000

2,342,000

'

'

81,134,000

56,522,000

'

'

12,446,000

9,028,000

'

'

-1,971,000

-3,383,000

Assets held for sale

5,900,000

30,357,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,900,000

30,357,000

'

'

'

'

'

'

'

'

Total current assets

587,582,000

304,448,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,573,000

2,973,000

204,810,000

10,479,000

'

'

343,916,000

262,915,000

'

'

39,610,000

32,086,000

'

'

-3,327,000

-4,005,000

Property and equipment, net

513,382,000

439,713,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,284,000

6,315,000

11,008,000

8,938,000

'

'

380,973,000

321,873,000

'

'

123,359,000

113,454,000

'

'

-7,242,000

-10,867,000

Investment in consolidated subsidiaries

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

378,899,000

'

2,098,135,000

1,636,504,000

'

'

2,783,000

1,956,000

'

'

'

'

'

'

-2,479,817,000

-1,638,460,000

Restricted cash - long-term

41,257,000

225,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

38,933,000

2,000

'

'

222,000

223,000

'

'

2,102,000

'

'

'

'

'

Other long-term assets

259,926,000

202,751,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

80,396,000

84,055,000

474,993,000

375,687,000

'

'

78,519,000

60,114,000

'

'

118,092,000

112,757,000

'

'

-492,074,000

-429,862,000

Total other long-term assets

301,183,000

202,976,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

459,295,000

84,055,000

2,612,061,000

2,012,193,000

'

'

81,524,000

62,293,000

'

'

120,194,000

112,757,000

'

'

-2,971,891,000

-2,068,322,000

Goodwill and other intangible assets

2,215,526,000

1,782,560,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,113,626,000

1,706,646,000

'

'

176,899,000

153,961,000

'

'

-74,999,000

-78,047,000

Total assets

3,617,673,000

[1]

2,729,697,000

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

467,152,000

93,343,000

2,827,879,000

2,031,610,000

'

'

2,920,039,000

2,353,727,000

'

'

460,062,000

412,258,000

'

'

-3,057,459,000

-2,161,241,000

Accounts payable and accrued liabilities

215,191,000

153,817,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000

326,000

89,341,000

61,165,000

'

'

111,616,000

83,049,000

'

'

14,354,000

9,379,000

'

'

-320,000

-102,000

Current portion of long-term debt

16,622,000

47,622,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

536,000

483,000

4,665,000

31,113,000

'

'

967,000

800,000

'

'

10,454,000

15,226,000

'

'

'

'

Current portion of affiliate long-term debt

2,271,000

1,704,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,254,000

1,102,000

'

'

'

'

1,017,000

602,000

'

'

720,000

433,000

'

'

-720,000

-433,000

Other current liabilities

106,627,000

102,060,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

938,000

'

'

'

'

'

95,595,000

96,288,000

'

'

10,070,000

8,871,000

'

'

24,000

-3,099,000

Liabilities held for sale

'

2,397,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,397,000

'

'

'

'

'

'

'

'

Total current liabilities

340,711,000

307,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,928,000

1,911,000

94,006,000

92,278,000

'

'

209,195,000

183,136,000

'

'

35,598,000

33,909,000

'

'

-1,016,000

-3,634,000

Long-term debt

2,436,386,000

2,210,866,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,076,000

12,502,000

2,275,837,000

2,088,586,000

'

'

35,965,000

36,705,000

'

'

118,508,000

73,073,000

'

'

'

'

Affiliate long-term debt

19,619,000

13,187,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,306,000

6,303,000

'

'

'

'

14,314,000

6,884,000

'

'

283,097,000

267,521,000

'

'

-283,098,000

-267,521,000

Dividends in excess of investment in consolidated subsidiaries

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

178,869,000

'

'

'

'

'

'

'

'

'

'

'

'

'

-178,869,000

Other liabilities

404,719,000

298,097,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

44,321,000

10,708,000

28,381,000

2,509,000

'

'

563,579,000

491,845,000

'

'

110,021,000

103,007,000

'

'

-341,583,000

-309,972,000

Total liabilities

3,201,435,000

[1]

2,829,750,000

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

58,631,000

210,293,000

2,398,224,000

2,183,373,000

'

'

823,053,000

718,570,000

'

'

547,224,000

477,510,000

'

'

-625,697,000

-759,996,000

Total Sinclair Broadcast Group shareholders' equity (deficit)

408,521,000

-116,950,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

408,521,000

-116,950,000

429,655,000

-151,763,000

'

'

2,096,986,000

1,635,157,000

'

'

-94,879,000

-82,149,000

'

'

-2,431,762,000

-1,401,245,000

Noncontrolling interests in consolidated subsidiaries

7,717,000

16,897,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,717,000

16,897,000

'

'

'

'

Total liabilities and equity (deficit)

$3,617,673,000

$2,729,697,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$467,152,000

$93,343,000

$2,827,879,000

$2,031,610,000

'

'

$2,920,039,000

$2,353,727,000

'

'

$460,062,000

$412,258,000

'

'

($3,057,459,000)

($2,161,241,000)

[1]

Our consolidated total assets as of September 30, 2013 and December 31, 2012 include total assets of variable interest entities (VIEs) of $148.9 million and $107.9 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of September 30, 2013 and December 31, 2012 include total liabilities of the VIEs of $16.4 million and $7.9 million, respectively, for which the creditors of the VIEs have no recourse to us.

CONDENSED_CONSOLIDATING_FINANC3

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS: (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME	'	'	'	'
Net revenue	$338,644	$258,714	$935,416	$732,162
Program and production	98,939	61,705	265,066	184,098
Selling, general and administrative	82,224	51,455	210,156	145,628
Depreciation, amortization and other operating expenses	84,633	67,156	239,410	192,255
Total operating expenses	265,796	180,316	714,632	521,981
Operating income	72,848	78,398	220,784	210,181
Interest expense	-39,867	-35,294	-123,029	-92,001
Other income (expense)	2,059	2,466	-14,741	9,741
Total other expense	-37,808	-32,828	-137,770	-82,260
Income tax (provision) benefit	-4,489	-19,093	-22,992	-42,185
Income (loss) from discontinued operations	6,100	-125	11,558	-178
NET INCOME	36,651	26,352	71,580	85,558
Net income (loss) attributable to the noncontrolling interests	-309	-107	-415	106
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP	36,342	26,245	71,165	85,664
Comprehensive income (loss)	36,613	26,409	71,464	85,804
Reportable legal entities | Sinclair Broadcast Group, Inc.	'	'	'	'
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME	'	'	'	'
Selling, general and administrative	901	746	2,679	2,117
Depreciation, amortization and other operating expenses	348	382	1,038	1,148
Total operating expenses	1,249	1,128	3,717	3,265
Operating income	-1,249	-1,128	-3,717	-3,265
Equity in earnings of consolidated subsidiaries	40,547	26,435	76,623	86,991
Interest expense	-203	-341	-903	-999
Other income (expense)	996	869	3,029	2,192
Total other expense	41,340	26,963	78,749	88,184
Income tax (provision) benefit	-3,749	326	-3,867	745
Income (loss) from discontinued operations	'	84	'	'
NET INCOME	36,342	26,245	71,165	85,664
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP	36,342	26,245	71,165	85,664
Comprehensive income (loss)	36,613	26,409	71,464	85,804
Reportable legal entities | Sinclair Television Group, Inc.	'	'	'	'
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME	'	'	'	'
Program and production	112	278	207	291
Selling, general and administrative	14,712	13,157	34,840	38,720
Depreciation, amortization and other operating expenses	629	618	1,558	1,282
Total operating expenses	15,453	14,053	36,605	40,293
Operating income	-15,453	-14,053	-36,605	-40,293
Equity in earnings of consolidated subsidiaries	55,128	50,171	164,370	156,249
Interest expense	-37,123	-32,560	-115,115	-84,277
Other income (expense)	6,772	43	3,141	53
Total other expense	24,777	17,654	52,396	72,025
Income tax (provision) benefit	16,667	19,872	47,645	38,414
Income (loss) from discontinued operations	6,108	-68	11,063	-202
NET INCOME	32,099	23,405	74,499	69,944
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP	32,099	23,405	74,499	69,944
Comprehensive income (loss)	32,061	23,462	74,383	70,190
Reportable legal entities | Guarantor Subsidiaries and KDSM, LLC	'	'	'	'
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME	'	'	'	'
Net revenue	319,767	246,531	887,489	694,520
Program and production	99,186	63,777	269,360	190,169
Selling, general and administrative	64,300	36,720	167,654	102,075
Depreciation, amortization and other operating expenses	68,820	53,819	186,926	150,636
Total operating expenses	232,306	154,316	623,940	442,880
Operating income	87,461	92,215	263,549	251,640
Equity in earnings of consolidated subsidiaries	60	'	'	'
Interest expense	-1,269	-1,291	-3,607	-3,695
Other income (expense)	-6,710	40	-19,433	85
Total other expense	-7,919	-1,251	-23,040	-3,610
Income tax (provision) benefit	-22,236	-39,396	-73,267	-88,485
Income (loss) from discontinued operations	-8	-141	495	24
NET INCOME	57,298	51,427	167,737	159,569
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP	57,298	51,427	167,737	159,569
Comprehensive income (loss)	57,298	51,427	167,737	159,569
Reportable legal entities | Non-Guarantor Subsidiaries	'	'	'	'
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME	'	'	'	'
Net revenue	32,970	14,364	90,402	44,179
Program and production	13,870	-1	28,489	158
Selling, general and administrative	2,386	908	14,627	2,999
Depreciation, amortization and other operating expenses	19,143	12,508	50,691	39,636
Total operating expenses	35,399	13,415	93,807	42,793
Operating income	-2,429	949	-3,405	1,386
Interest expense	-6,538	-6,352	-19,027	-18,651
Other income (expense)	1,085	1,597	4,990	7,751
Total other expense	-5,453	-4,755	-14,037	-10,900
Income tax (provision) benefit	929	105	2,597	7,141
NET INCOME	-6,953	-3,701	-14,845	-2,373
Net income (loss) attributable to the noncontrolling interests	-309	-107	-415	106
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP	-7,262	-3,808	-15,260	-2,267
Comprehensive income (loss)	-7,262	-3,808	-15,260	-2,267
Eliminations	'	'	'	'
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME	'	'	'	'
Net revenue	-14,093	-2,181	-42,475	-6,537
Program and production	-14,229	-2,349	-32,990	-6,520
Selling, general and administrative	-75	-76	-9,644	-283
Depreciation, amortization and other operating expenses	-4,307	-171	-803	-447
Total operating expenses	-18,611	-2,596	-43,437	-7,250
Operating income	4,518	415	962	713
Equity in earnings of consolidated subsidiaries	-95,735	-76,606	-240,993	-243,240
Interest expense	5,266	5,250	15,623	15,621
Other income (expense)	-84	-83	-6,468	-340
Total other expense	-90,553	-71,439	-231,838	-227,959
Income tax (provision) benefit	-3,900	'	3,900	'
NET INCOME	-82,135	-71,024	-226,976	-227,246
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP	-82,135	-71,024	-226,976	-227,246
Comprehensive income (loss)	($82,097)	($71,081)	($226,860)	($227,492)

CONDENSED_CONSOLIDATING_FINANC4

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS: (Details 3) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	'	'
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	$150,639	$163,304
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:	'	'
Acquisition of property and equipment	-28,776	-30,157
Payments for acquisitions of television stations	-495,440	-590,917
Payments for acquisitions in other operating divisions	-4,650	'
Purchase of alarm monitoring contracts	-11,928	-7,343
Proceeds from sale of broadcast assets	27,992	'
Decrease in restricted cash	-41,032	15,849
Other, net	-2,908	3,305
Net cash flows used in investing activities	-556,742	-609,263
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'
Proceeds from notes payable, commercial bank financing and capital leases	1,198,815	615,707
Repayments of notes payable, commercial bank financing and capital leases	-998,085	-95,845
Proceeds from the sale of common stock	472,400	'
Dividends paid on Class A and Class B Common Stock	-41,938	-31,245
Other, net	-18,960	-11,000
Net cash flows from (used in) financing activities	612,232	477,617
NET INCREASE IN CASH AND CASH EQUIVALENTS	206,129	31,658
CASH AND CASH EQUIVALENTS, beginning of period	22,865	12,967
CASH AND CASH EQUIVALENTS, end of period	228,994	44,625
Reportable legal entities | Sinclair Broadcast Group, Inc.	'	'
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	'	'
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	-3,042	-460
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:	'	'
Other, net	1,648	740
Net cash flows used in investing activities	1,648	740
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'
Repayments of notes payable, commercial bank financing and capital leases	-234	-308
Proceeds from the sale of common stock	472,400	'
Dividends paid on Class A and Class B Common Stock	-41,938	-31,646
Increase (decrease) in intercompany payables	-429,664	32,087
Other, net	830	-413
Net cash flows from (used in) financing activities	1,394	-280
Reportable legal entities | Sinclair Television Group, Inc.	'	'
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	'	'
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	-66,985	-75,408
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:	'	'
Acquisition of property and equipment	-2,253	-2,458
Decrease in restricted cash	-38,930	15,849
Net cash flows used in investing activities	-41,183	13,391
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'
Proceeds from notes payable, commercial bank financing and capital leases	1,146,789	596,275
Repayments of notes payable, commercial bank financing and capital leases	-985,755	-79,077
Increase (decrease) in intercompany payables	154,648	-435,595
Other, net	-20,205	-8,364
Net cash flows from (used in) financing activities	295,477	73,239
NET INCREASE IN CASH AND CASH EQUIVALENTS	187,309	11,222
CASH AND CASH EQUIVALENTS, beginning of period	7,230	188
CASH AND CASH EQUIVALENTS, end of period	194,539	11,410
Reportable legal entities | Guarantor Subsidiaries and KDSM, LLC	'	'
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	'	'
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	208,126	228,829
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:	'	'
Acquisition of property and equipment	-21,109	-25,624
Payments for acquisitions of television stations	-495,440	-590,917
Purchase of alarm monitoring contracts	1,114	'
Proceeds from sale of broadcast assets	27,992	'
Other, net	4,454	63
Net cash flows used in investing activities	-482,989	-616,478
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'
Repayments of notes payable, commercial bank financing and capital leases	-802	-458
Dividends paid on Class A and Class B Common Stock	235	'
Increase (decrease) in intercompany payables	292,696	389,771
Other, net	-554	-1,489
Net cash flows from (used in) financing activities	291,575	387,824
NET INCREASE IN CASH AND CASH EQUIVALENTS	16,712	175
CASH AND CASH EQUIVALENTS, beginning of period	199	313
CASH AND CASH EQUIVALENTS, end of period	16,911	488
Reportable legal entities | Non-Guarantor Subsidiaries	'	'
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	'	'
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	-816	9,428
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:	'	'
Acquisition of property and equipment	-5,414	-2,075
Payments for acquisitions in other operating divisions	-4,650	'
Purchase of alarm monitoring contracts	-13,042	-7,343
Decrease in restricted cash	-2,102	'
Other, net	1,898	2,502
Net cash flows used in investing activities	-23,310	-6,916
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'
Proceeds from notes payable, commercial bank financing and capital leases	52,026	19,432
Repayments of notes payable, commercial bank financing and capital leases	-11,294	-16,002
Increase (decrease) in intercompany payables	-4,549	15,053
Other, net	-9,949	-734
Net cash flows from (used in) financing activities	26,234	17,749
NET INCREASE IN CASH AND CASH EQUIVALENTS	2,108	20,261
CASH AND CASH EQUIVALENTS, beginning of period	15,436	12,466
CASH AND CASH EQUIVALENTS, end of period	17,544	32,727
Eliminations	'	'
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	'	'
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	13,356	915
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:	'	'
Other, net	-10,908	'
Net cash flows used in investing activities	-10,908	'
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'
Dividends paid on Class A and Class B Common Stock	-235	401
Increase (decrease) in intercompany payables	-13,131	-1,316
Other, net	10,918	'
Net cash flows from (used in) financing activities	($2,448)	($915)