Sinclair Broadcast (SBGI) 10-K3 Mar 142013 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Jun. 28, 2013	Feb. 20, 2014	Feb. 20, 2014
	Dec. 31, 2013	Jun. 28, 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-K	'	'	'
Document Period End Date	31-Dec-13	'	'	'
Amendment Flag	'false	'	'	'
Current Fiscal Year End Date	'--12-31	'	'	'
Entity Well-known Seasoned Issuer	'Yes	'	'	'
Entity Voluntary Filers	'No	'	'	'
Entity Current Reporting Status	'Yes	'	'	'
Entity Filer Category	'Large Accelerated Filer	'	'	'
Entity Public Float	'	$2,132.80	'	'
Entity Common Stock, Shares Outstanding	'	'	71,998,554	26,028,357
Document Fiscal Year Focus	'2013	'	'	'
Document Fiscal Period Focus	'FY	'	'	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
CURRENT ASSETS:	'		'
Cash and cash equivalents	$280,104		$22,865
Accounts receivable, net of allowance for doubtful accounts of $3,379 and $3,091, respectively	308,974		183,480
Affiliate receivable	182		416
Current portion of program contract costs	74,324		56,581
Prepaid expenses and other current assets	30,599		7,404
Assets held for sale	'		30,357
Deferred barter costs	3,688		3,345
Total current assets	697,871		304,448
PROGRAM CONTRACT COSTS, less current portion	24,708		12,767
PROPERTY AND EQUIPMENT, net	596,071		439,713
RESTRICTED CASH	11,747		225
GOODWILL	1,380,082		1,074,032
BROADCAST LICENSES	101,029		85,122
DEFINITE-LIVED INTANGIBLE ASSETS, net	1,127,755		623,406
OTHER ASSETS	208,209		189,984
Total assets	4,147,472	[1]	2,729,697	[1]
CURRENT LIABILITIES:	'		'
Accounts payable	13,989		10,086
Accrued liabilities	182,185		143,731
Income taxes payable	2,504		9,939
Current portion of notes payable, capital leases and commercial bank financing	46,346		47,622
Current portion of notes payable and capital leases payable to affiliates	2,367		1,704
Current portion of program contracts payable	90,933		88,015
Liabilities held for sale	'		2,397
Deferred barter revenues	3,319		3,499
Deferred tax liabilities	1,738		607
Total current liabilities	343,381		307,600
LONG-TERM LIABILITIES:	'		'
Notes payable, capital leases and commercial bank financing, less current portion	2,966,402		2,210,866
Notes payable and capital leases to affiliates, less current portion	18,925		13,187
Program contracts payable, less current portion	34,681		16,341
Deferred tax liabilities	311,041		233,465
Other long-term liabilities	67,338		48,291
Total liabilities	3,741,768	[1]	2,829,750	[1]
COMMITMENTS AND CONTINGENCIES (See Note 10)	'		'
SINCLAIR BROADCAST GROUP SHAREHOLDERS' EQUITY (DEFICIT):	'		'
Common Stock	'		812
Additional paid-in capital	1,094,918		600,928
Accumulated deficit	-696,996		-713,697
Accumulated other comprehensive loss	-2,553		-4,993
Total Sinclair Broadcast Group shareholders' deficit	396,370		-116,950
Noncontrolling interests	9,334		16,897
Total equity (deficit)	405,704		-100,053
Total liabilities and equity (deficit)	4,147,472		2,729,697
Class A Common Stock	'		'
SINCLAIR BROADCAST GROUP SHAREHOLDERS' EQUITY (DEFICIT):	'		'
Common Stock	741		523
Total equity (deficit)	741		523
Class B Common Stock	'		'
SINCLAIR BROADCAST GROUP SHAREHOLDERS' EQUITY (DEFICIT):	'		'
Common Stock	260		289
Total equity (deficit)	$260		$289

[1]	Our consolidated total assets as of December 31, 2013 and 2012 include total assets of variable interest entities (VIEs) of $199.1 million and $107.9 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of December 31, 2013 and 2012 include total liabilities of the VIEs of $25.1 million and $7.9 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 1: Nature of Operations and Summary of Significant Accounting Policies.

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Accounts receivable, allowance for doubtful accounts (in dollars)	$3,379,000	$3,091,000
Total assets of variable interest entities (in dollars)	194,100,000	107,900,000
Total liabilities of variable interest entities (in dollars)	$31,600,000	$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	74,145,569	52,332,012
Common Stock, shares outstanding	74,145,569	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	26,028,357	28,933,859
Common Stock, shares outstanding	26,028,357	28,933,859

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
REVENUES:	'	'	'
Station broadcast revenues, net of agency commissions	$1,217,504	$920,593	$648,002
Revenues realized from station barter arrangements	88,680	86,905	72,773
Other operating divisions revenues	56,947	54,181	44,513
Total revenues	1,363,131	1,061,679	765,288
OPERATING EXPENSES:	'	'	'
Station production expenses	385,104	255,556	178,612
Station selling, general and administrative expenses	249,732	171,279	123,938
Expenses recognized from station barter arrangements	77,349	79,834	65,742
Amortization of program contract costs and net realizable value adjustments	80,925	60,990	52,079
Other operating divisions expenses	48,109	46,179	39,486
Depreciation of property and equipment	70,554	47,073	32,874
Corporate general and administrative expenses	53,126	33,391	28,310
Amortization of definite-lived intangible and other assets	70,820	38,099	18,229
Loss (gain) on asset dispositions	3,392	-7	-18
Impairment of goodwill, intangible and other assets	'	'	398
Total operating expenses	1,039,111	732,394	539,650
Operating income	324,020	329,285	225,638
OTHER INCOME (EXPENSE):	'	'	'
Interest expense and amortization of debt discount and deferred financing costs	-162,937	-128,553	-106,128
Loss from extinguishment of debt	-58,421	-335	-4,847
Income (loss) from equity and cost method investments	621	9,670	3,269
Gain on insurance settlement	199	47	1,742
Other income (loss), net	2,026	2,226	1,699
Total other expense	-218,512	-116,945	-104,265
Income from continuing operations before income taxes	105,508	212,340	121,373
INCOME TAX PROVISION	-41,249	-67,852	-44,785
Income from continuing operations	64,259	144,488	76,588
DISCONTINUED OPERATIONS:	'	'	'
Income (loss) from discontinued operations, includes income tax benefit (provision) of $10,806, ($663) and ($477), respectively	11,558	465	-411
NET INCOME	75,817	144,953	76,177
Net (income) attributable to the noncontrolling interests	-2,349	-287	-379
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP	73,468	144,666	75,798
Dividends declared per share (in dollars per share)	$0.60	$1.54	$0.48
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP:	'	'	'
Basic earnings per share from continuing operations (in dollars per share)	$0.66	$1.78	$0.95
Basic earnings per share (in dollars per share)	$0.79	$1.79	$0.94
Diluted earnings per share from continuing operations (in dollars per share)	$0.66	$1.78	$0.95
Diluted earnings per share (in dollars per share)	$0.78	$1.78	$0.94
Weighted average common shares outstanding (in shares)	93,207	81,020	80,217
Weighted average common and common equivalent shares outstanding (in shares)	93,845	81,310	80,532
AMOUNTS ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP COMMON SHAREHOLDERS:	'	'	'
Income from continuing operations, net of tax	61,910	144,201	76,209
Income (loss) from discontinued operations, net of tax	11,558	465	-411
Net income	$73,468	$144,666	$75,798

CONSOLIDATED_STATEMENTS_OF_OPE1

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF OPERATIONS	'	'	'
Income (loss) from discontinued operations, income tax benefit (provision)	$10,806	($663)	($477)

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'	'
Net income	$75,817	$144,953	$76,177
Amortization of net periodic pension benefit costs, net of taxes	-392	-145	-934
Adjustments to pension obligations, net of taxes	2,571	'	'
Unrealized gain on investments, net of taxes	261	'	'
Comprehensive income	78,257	144,808	75,243
Comprehensive (income) loss attributable to the noncontrolling interests	-2,349	-287	-379
Comprehensive income attributable to Sinclair Broadcast Group	$75,908	$144,521	$74,864

CONSOLIDATED_STATEMENTS_OF_EQU

CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) (USD $)	Total	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Noncontrolling Interests	Class A Common Stock	Class B Common Stock
In Thousands, except Share data, unless otherwise specified	Total	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Noncontrolling Interests	Class A Common Stock	Class B Common Stock
BALANCE at Dec. 31, 2010	($157,082)	$609,640	($771,953)	($3,914)	$8,341	$503	$301
BALANCE (in shares) at Dec. 31, 2010	'	'	'	'	'	50,284,052	30,083,819
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Dividends declared on Class A and Class B Common Stock	-38,356	'	-38,356	'	'	'	'
Class B Common Stock converted into Class A Common Stock	'	'	'	'	'	12	-12
Class B Common Stock converted into Class A Common Stock (in shares)	'	'	'	'	'	1,149,960	-1,149,960
Convertible Debentures converted into Class A Common Stock, net of taxes	30	30	'	'	'	'	'
Convertible Debentures converted into Class A Common Stock, net of taxes (in shares)	'	'	'	'	'	1,315	'
Class A Common Stock issued pursuant to employee benefit plans	5,831	5,826	'	'	'	5	'
Class A Common Stock issued pursuant to employee benefit plans (in shares)	'	'	'	'	'	586,759	'
Tax benefit on share based awards	734	734	'	'	'	'	'
Distributions to noncontrolling interests	-270	'	'	'	-270	'	'
Class A Common Stock sold by variable interest entity, net of taxes	1,808	1,808	'	'	'	'	'
Issuance of subsidiary share awards	3,201	'	'	'	3,201	'	'
Purchase of subsidiary shares from noncontrolling interests	-2,501	-663	'	'	-1,838	'	'
Other comprehensive income	-934	'	'	-934	'	'	'
Net income	76,177	'	75,798	'	379	'	'
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	-123,852	'	-123,852	'	'	'	'
Class A Common Stock issued pursuant to employee benefit plans	5,105	5,102	'	'	'	3	'
Class A Common Stock issued pursuant to employee benefit plans (in shares)	'	'	'	'	'	309,926	'
Tax benefit on share based awards	271	271	'	'	'	'	'
Distributions to noncontrolling interests	-1,142	'	'	'	-1,142	'	'
Purchase of assets from entity under common control	-23,638	-23,638	'	'	'	'	'
Issuance of subsidiary share awards	707	'	'	'	707	'	'
Purchase of subsidiary shares from noncontrolling interests	'	1,818	'	'	-1,818	'	'
Consolidation of variable interest entity	9,050	'	'	'	9,050	'	'
Other comprehensive income	-145	'	'	-145	'	'	'
Net income	144,953	'	144,666	'	287	'	'
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	28,933,859
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Dividends declared on Class A and Class B Common Stock	-56,767	'	-56,767	'	'	'	'
Issuance of common stock, net of issuance costs	472,913	472,733	'	'	'	180	'
Issuance of common stock, net of issuance costs (in shares)	'	'	'	'	'	18,000,000	'
Class B Common Stock converted into Class A Common Stock	'	'	'	'	'	29	-29
Class B Common Stock converted into Class A Common Stock (in shares)	'	'	'	'	'	2,905,502	-2,905,502
Redemption of 3% Convertible Debentures, net of taxes	-5,100	-5,100	'	'	'	'	'
Convertible Debentures converted into Class A Common Stock, net of taxes	8,602	8,599	'	'	'	3	'
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	10,235	10,229	'	'	'	6	'
Class A Common Stock issued pursuant to employee benefit plans (in shares)	'	'	'	'	'	569,423	'
Tax benefit on share based awards	521	521	'	'	'	'	'
Distributions to noncontrolling interests	-10,256	'	'	'	-10,256	'	'
Class A Common Stock sold by variable interest entity, net of taxes	7,008	7,008	'	'	'	'	'
Issuance of subsidiary share awards	344	'	'	'	344	'	'
Other comprehensive income	2,440	'	'	2,440	'	'	'
Net income	75,817	'	73,468	'	2,349	'	'
BALANCE at Dec. 31, 2013	$405,704	$1,094,918	($696,996)	($2,553)	$9,334	$741	$260
BALANCE (in shares) at Dec. 31, 2013	'	'	'	'	'	74,145,569	26,028,357

CONSOLIDATED_STATEMENTS_OF_EQU1

CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) (Parenthetical)	Dec. 31, 2013	Dec. 31, 2011	Dec. 31, 2005	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) (Parenthetical)	6.0% Notes	6.0% Notes	6.0% Notes	4.875% Convertible Debentures	4.875% Convertible Debentures	3% Convertible Debentures	3% Convertible Debentures
Interest rate (as a percent)	6.00%	6.00%	6.00%	4.88%	4.88%	3.00%	3.00%

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:	'	'	'
Net income	$75,817	$144,953	$76,177
Adjustments to reconcile net income to net cash flows from operating activities:	'	'	'
Depreciation of property and equipment	70,554	48,871	33,153
Impairment of goodwill, intangible and other assets	'	'	398
Amortization of definite-lived intangible assets	70,820	38,671	18,229
Amortization of program contract costs and net realizable value adjustments	80,925	61,943	52,079
Loss on extinguishment of debt, non-cash portion	33,049	335	4,985
Deferred tax provision	22,518	8,313	43,972
Changes in assets and liabilities, net of effects of acquisitions and dispositions:	'	'	'
(Increase) in accounts receivable, net	-90,635	-23,225	-11,616
Decrease in income taxes receivable	'	'	74
Increase in prepaid expenses and other current assets	8,295	-8,360	-10,449
Increase in other assets	-3,686	-23,200	-1,247
Increase in accounts payable and accrued liabilities	7,954	35,885	8,878
(Decrease) increase in income taxes payable	-4,937	9,150	-780
(Decrease) increase in other long-term liabilities	-16,178	-3,941	913
Payments on program contracts payable	-90,080	-70,061	-67,319
Original debt issuance discount paid	-23,766	'	-13,785
Other, net	19,927	18,141	14,851
Net cash flows from operating activities	160,577	237,475	148,513
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:	'	'	'
Acquisition of property and equipment	-43,388	-43,986	-35,835
Payments for acquisitions of television stations	-1,006,144	-1,135,348	'
Proceeds from the sale of broadcast assets	49,738	'	'
Payments for acquisitions of assets of other operating divisions	-4,650	'	-3,072
Purchase of alarm monitoring contracts	-23,721	-12,454	-8,850
(Increase) decrease in restricted cash	-11,522	58,501	-53,445
Distributions from equity and cost method investees	5,258	9,590	3,798
Investments in equity and cost method investees	-10,767	-24,052	-11,577
Investment in marketable securities	-11,604	-1,493	-4,911
Other, net	5,559	-42	1,644
Net cash flows (used in) from investing activities	-1,051,241	-1,149,284	-112,248
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'	'
Proceeds from notes payable, commercial bank financing and capital leases	2,278,293	1,247,255	151,733
Repayments of notes payable, commercial bank financing and capital leases	-1,509,760	-179,356	-150,447
Redemption of 3% convertible notes	-10,500	'	'
Proceeds from the sale of Class A Common Stock	472,913	'	'
Dividends paid on Class A and Class B Common Stock	-56,767	-123,852	-38,356
Payments for deferred financing costs	-27,724	-18,707	-5,483
Proceeds from Class A Common Stock sold by variable interest entity	10,908	'	1,808
Noncontrolling interests distributions	-10,256	-1,142	-610
Repayments of notes and capital leases to affiliates	-1,959	-2,882	-3,210
Other, net	2,755	391	-707
Net cash flows from (used in) financing activities	1,147,903	921,707	-45,272
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	257,239	9,898	-9,007
CASH AND CASH EQUIVALENTS, beginning of year	22,865	12,967	21,974
CASH AND CASH EQUIVALENTS, end of year	$280,104	$22,865	$12,967

CONSOLIDATED_STATEMENTS_OF_CAS1

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (3.0% Notes)	Dec. 31, 2013	Dec. 31, 2012
3.0% Notes	'	'
Interest rate (as a percent)	3.00%	3.00%

NATURE_OF_OPERATIONS_AND_SUMMA

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	12 Months Ended
	Dec. 31, 2013
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	'
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	'
	1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

	Nature of Operations

	Sinclair Broadcast Group, Inc. is a diversified television broadcasting company that owns or provides certain programming, operating or sales services to television stations pursuant to broadcasting licenses that are granted by the Federal Communication Commission (the FCC or Commission). We owned and provided programming and operating services pursuant to local marketing agreements (LMAs) or provided or were provided sales services pursuant to outsourcing agreements to 149 television stations in 71 markets, as of December 31, 2013. For the purpose of this report, these 149 stations are referred to as “our” stations.

	Our broadcast group is a single reportable segment for accounting purposes and includes the following network affiliations: FOX (39 stations); CBS (25 stations); ABC (19 stations); NBC (16 stations); The CW (23 stations); MyNetworkTV (20 stations; not a network affiliation; however, it is branded as such); Univision (5 stations), Azteca (1 station) and one independent station. In addition, certain stations broadcast programming on second and third digital signals through network affiliation or program service arrangements with CBS, ABC, and NBC (certain signals are rebroadcasted content from other primary channels within the same market), FOX, The CW, MyNetworkTV, This TV, ME TV, Weather Radar, Weather Nation, Live Well Network, Antenna TV, Bounce Network, Zuus Country Network, Retro TV, Estrella TV, MundoFox, Tele-Romantica, Inmigrante TV, Azteca and Telemundo.

	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 interest 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 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 recently acquired in the second quarter of 2012 in connection with the acquisition of the television stations from Freedom Communications (Freedom). WLWC-TV was recently 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 year ended December 31, 2013. Total revenues for WLAJ-TV and WLWC-TV, which are included in discontinued operations for the year ending December 31, 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 year ending December 31, 2012, are $3.7 million and $6.3 million, respectively. Total income before taxes for WLAJ-TV and WLWC-TV, which are included in discontinued operations for the year ending December 31, 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 year ending December 31, 2012, are $0.9 million and $0.2 million, respectively. The resulting gain on the sale of these stations in 2013 was negligible.

	Additionally, we recognized a $11.2 million income tax benefit during the year ended December 31, 2013, attributable to the adjustment of certain liabilities for unrecognized tax benefits related to discontinued operations. See Note 9. Income Taxes for further information.

	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 are non-recourse to us except for certain debt of VIEs which we guarantee. See Note 6. Notes Payable and Commercial Bank Financing for more information.

	We have entered into LMAs to provide programming, sales and managerial services for seven television stations of Cunningham Broadcasting Company (Cunningham), the license owner of these television stations as of December 31, 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 these television stations which includes the FCC license and certain other assets used to operate the station (License Assets). Our applications to acquire these FCC license related assets are pending FCC approval. We also perform sales and other non-programming support services to two other stations owned by Cunningham (acquired in November 2013) pursuant to joint sales agreements (JSAs) and shared services agreements (SSAs). We have purchase options to acquire the license assets of these stations. We own the majority of the non-license assets of these nine Cunningham stations and we have guaranteed the debt of Cunningham. We have determined that Cunningham and these nine stations are VIEs and that based on the terms of the agreements, the significance of our investment in the stations and our guarantee of the debt of Cunningham, 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 services we provide pursuant to the LMAs, and other outsourcing agreements, and we absorb losses and returns that would be considered significant to Cunningham. See Note 11. Related Person Transactions for more information on our arrangements with Cunningham. Included in the accompanying consolidated statements of operations for the years ended December 31, 2013, 2012 and 2011 are net revenues of $107.6 million, $105.5 million and $90.3 million, respectively, which relates to LMAs with Cunningham.

	We have certain outsourcing agreements, including certain joint sales and shared services agreements, with certain other license owners, under which we provide certain non-programming related sales, operational and administrative services. The terms of the agreements vary, but generally have initial terms of over five years with several optional renewal terms. We own the majority of the non-license assets of these stations and in certain cases have guaranteed the debt of licensee (see Note 6. Notes Payable and Commercial Bank Financing). We also have purchase options to buy the assets of the licensees. We have determined that these licensees (18 and 10 licensees as of December 31, 2013 and 2012) 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 years ended December 31, 2013, 2012 and 2011 are net revenues of $128.2 million, $49.1 million and $11.9 million, respectively which relates 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 as of December 31, 2013 and 2012 were as follows (in thousands):

			2013			2012
	ASSETS
	CURRENT ASSETS:
	Cash and cash equivalents		$	4,916		$	3,805
	Accounts receivable		18,468			110
	Current portion of program contract costs		10,725			6,113
	Prepaid expenses and other current assets		247			218
	Total current asset		34,356			10,246

	PROGRAM CONTRACT COSTS, less current portion		5,075			1,484
	PROPERTY AND EQUIPMENT, net		11,081			10,806
	GOODWILL		6,357			6,357
	BROADCAST LICENSES		16,768			14,927
	DEFINITE-LIVED INTANGIBLE ASSETS, net		97,496			51,368
	OTHER ASSETS		22,935			12,723
	Total assets		$	194,068		$	107,911
	LIABILITIES
	CURRENT LIABILITIES:
	Accounts payable		$	86		$	15
	Accrued liabilities		2,536			186
	Current portion of notes payable, capital leases and commercial bank financing		5,731			2,123
	Current portion of program contracts payable		11,552			8,991
	Total current liabilities		19,905			11,315

	LONG-TERM LIABILITIES:
	Notes payable, capital leases and commercial bank financing, less current portion		49,850			20,238
	Program contracts payable, less current portion		6,597			2,080
	Long term liabilities		10,838			—
	Total liabilities		$	87,190		$	33,633

	The amounts above represent the consolidated assets and liabilities of the VIEs described 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 LMA 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 payment made under these LMAs as of December 31, 2013 and 2012, which are excluded from liabilities above, were $32.4 million and $29.8 million, respectively. The total capital lease assets excluded from above were $11.2 million and $11.7 million, respectively for the years ended December 31, 2013 and 2012, respectively. During the year ended December 31, 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 certain outsourcing agreements and purchase options with certain VIEs totaling $59.9 million and $36.2 million as of December 31, 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 year ended December 31, 2012 are net broadcast revenues of $10.0 million and station production expenses of $7.8 million related to the Freedom LMAs, and for the year ended December 31, 2011 are net revenues of $10.8 million and station production expenses of $7.7 million related to the Four Points and Freedom LMAs.

	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 as of December 31, 2013 and 2012 was $26.7 million and $31.0 million, respectively, which are included in other assets in the consolidated balance sheets. Our maximum exposure is equal to the carrying value of our investments. 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 $2.1 million, $6.4 million and $2.8 million for the years ended December 31, 2013, 2012 and 2011, respectively, related to these investments.

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.

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 did 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 do not expect this guidance to have a material impact on our financial statements.

Cash and Cash Equivalents

We consider all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.

Restricted Cash

Under the terms of certain lease agreements, as of December 31, 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.

Additionally, during 2013, we entered into definitive agreements to purchase the assets of pending acquisitions. We were required to deposit 10% of the purchase price for each acquisition into an escrow account. As of December 31, 2013, we held $11.4 million in restricted cash classified as noncurrent related to the amount held in escrow for these acquisitions.

Accounts Receivable

Management regularly reviews accounts receivable and determines an appropriate estimate for the allowance for doubtful accounts based upon the impact of economic conditions on the merchant’s ability to pay, past collection experience and such other factors which, in management’s judgment, deserve current recognition. In turn, a provision is charged against earnings in order to maintain the appropriate allowance level.

A rollforward of the allowance for doubtful accounts for the years ended December 31, 2013, 2012 and 2011 is as follows (in thousands):

		2013			2012			2011
Balance at beginning of period		$	3,091		$	3,008		$	3,242
Charged to expense		1,802			1,141			751
Net write-offs		(1,514		)	(1,058		)	(985		)
Balance at end of period		$	3,379		$	3,091		$	3,008

Programming

We have agreements with distributors for the rights to television programming over contract periods, which generally run from one to seven years. Contract payments are made in installments over terms that are generally equal to or shorter than the contract period. Pursuant to accounting guidance for the broadcasting industry, an asset and a liability for the rights acquired and obligations incurred under a license agreement are reported on the balance sheet where the cost of each program is known or reasonably determinable, the program material has been accepted by the licensee in accordance with the conditions of the license agreement and the program is available for its first showing or telecast. The portion of program contracts which becomes payable within one year is reflected as a current liability in the accompanying consolidated balance sheets.

The rights to this programming are reflected in the accompanying consolidated balance sheets at the lower of unamortized cost or estimated net realizable value. With the exception of one-year contracts amortization of program contract costs is computed using either a four-year accelerated method or based on usage, whichever method results in the earliest recognition of amortization for each program. Program contract costs are amortized on a straight-line basis for one-year contracts. Program contract costs estimated by management to be amortized in the succeeding year are classified as current assets. Payments of program contract liabilities are typically made on a scheduled basis and are not affected by adjustments for amortization or estimated net realizable value.

Estimated net realizable values are based on management’s expectation of future advertising revenues, net of sales commissions, to be generated by the program material. We perform a net realizable value calculation quarterly for each of our program contract costs in accordance with FASB guidance on Financial Reporting for Broadcasters. We utilize sales information to estimate the future revenue of each commitment and measure that amount against the commitment. If the estimated future revenue is less than the amount of the commitment, a loss is recorded in amortization of program contract costs and net realizable value adjustments in the consolidated statements of operations.

Barter Arrangements

Certain program contracts provide for the exchange of advertising airtime in lieu of cash payments for the rights to such programming. The revenues realized from station barter arrangements are recorded as the programs are aired at the estimated fair value of the advertising airtime given in exchange for the program rights. Program service arrangements are accounted for as station barter arrangements, however, network affiliation programming is excluded from these calculations. Revenues are recorded as revenues realized from station barter arrangements and the corresponding expenses are recorded as expenses recognized from station barter arrangements.

We broadcast certain customers’ advertising in exchange for equipment, merchandise and services. The estimated fair value of the equipment, merchandise or services received is recorded as deferred barter costs and the corresponding obligation to broadcast advertising is recorded as deferred barter revenues. The deferred barter costs are expensed or capitalized as they are used, consumed or received and are included in station production expenses and station selling, general and administrative expenses, as applicable. Deferred barter revenues are recognized as the related advertising is aired and are recorded in revenues realized from station barter arrangements.

Other Assets

Other assets as of December 31, 2013 and 2012 consisted of the following (in thousands):

		2013			2012
Equity and cost method investments		$	98,385		$	94,924
Unamortized costs related to debt issuances		46,150			40,260
Other		63,674			54,800
Total other assets		$	208,209		$	189,984

We have equity and cost method investments primarily in private investment funds and real estate ventures. In the event that one or more of our investments are significant, we are required to disclose summarized financial information. For the years ended December 31, 2013, 2012, and 2011, none of our investments were significant individually or in the aggregate.

As of December 31, 2013 and 2012, our unfunded commitments related to private equity investment funds totaled $17.0 million and $8.9 million, respectively.

When factors indicate that there may be a decrease in value of an equity or cost method investment, we assess whether a loss in value has occurred related to the investment. If that loss is deemed to be other than temporary, an impairment loss is recorded accordingly. For any investments that indicate a potential impairment, we estimate the fair values of those investments using discounted cash flow models, unrelated third party valuations or industry comparables, based on the various facts available to us. For the year ended December 31, 2011 we recorded no impairments. For the year ended December 31, 2012, we recorded impairments of $1.3 million related to two of our investments. For the year ended December 31, 2013, we recorded impairments of $0.6 million related to two of our investments. The impairments are recorded in the income (loss) from equity and cost method investees in our consolidated statement of operations.

Unamortized costs related to debt issuances represent direct costs incurred to obtain long-term financing and are amortized to interest expense over the term of the related debt using the effective interest method. Previously capitalized debt financing costs are expensed and included in loss on extinguishment of debt if we determine that there has been a substantial modification of the related debt.

The increase in other, in the table above, in 2013 was primarily due to acquisitions of marketable securities by our consolidated variable interest entities.

Impairment of Intangible and Long-Lived Assets

We assess annually, in the fourth quarter, whether goodwill and indefinite-lived intangible assets are impaired. Additionally, impairment assessments may be performed on an interim basis when events or changes in circumstances indicate that impairment potentially exists. We aggregate our stations by market for purposes of our goodwill and license impairment testing. We believe that our markets are most representative of our broadcast reporting units because segment management views, manages and evaluates our stations on a market basis. Furthermore, in our markets, where we operate or provide services to more than one station, certain costs of operating the stations are shared including the use of buildings and equipment, the sales force and administrative personnel. In our assessment of goodwill for impairment we first determined, based upon a qualitative assessment, whether it is more likely than not a reporting unit has been impaired. Our qualitative assessment includes, but is not limited to, assessing the changes in macroeconomic conditions, regulatory environment, industry and market conditions, and the specific financial performance of the reporting units, as well as any other events or circumstances specific to the reporting units. If we conclude that it is more likely than not that a reporting unit is impaired, we will apply the quantitative two-step method. In the first step, the Company determines the fair value of the reporting unit and compares that fair value to the net book value of the reporting unit. The fair value of the reporting unit is determined using various valuation techniques, including quoted market prices, observed earnings/cash flow multiples paid for comparable television stations and discounted cash flow models. Our discounted cash flow model is based on our judgment of future market conditions within each designated market area, as well as discount rates that would be used by market participants in an arms-length transaction. If the net book value of the reporting unit were to exceed the fair value, we would then perform the second step of the impairment test, which requires allocation of the reporting unit’s fair value to all of its assets and liabilities in a manner similar to a purchase price allocation, with any residual fair value being allocated to goodwill to determine the implied fair value. An impairment charge will be recognized only when the implied fair value of a reporting unit’s goodwill is less than its carrying amount.

For our annual impairment test for indefinite-lived intangibles, broadcast licenses, we applied a qualitative assessment to assess whether it is more likely than not that a broadcast license is impaired. Our qualitative assessment for indefinite-lived intangible asset impairment includes, but it not limited to, review of operating results, assessing the changes in macroeconomic conditions, cost factors, regulatory environment, industry and market conditions, and other events and circumstances that could affect the significant inputs used to determine the fair value of our broadcast license assets. When evaluating our broadcast licenses for impairment, the qualitative assessment is done at the unit of accounting level, each station’s broadcast license, and we aggregate the broadcast licenses for each market because the broadcast licenses within the market are complementary and together enhance the single broadcast license of each station. If we conclude that it is more likely than not that one of our broadcast licenses is impaired, we will calculate the fair value of the broadcast license in accordance with the quantitative test for indefinite-lived intangible assets. If a quantitative test is performed, we use the income approach method. The income approach method involves a discounted cash flow model that incorporates several variables, including, but not limited to, discounted cash flows of a typical market participant, market revenue and long term growth projections, estimated market share for the typical participant and estimated profit margins based on market size and station type. The model also assumes outlays for capital expenditures, future terminal values, an effective tax rate assumption and a discount rate based on the weighted-average cost of capital of the television broadcast industry. We will compare the fair value of the broadcast licenses, at a market level, to the carrying amount of those same broadcast licenses. If the carrying amount of the broadcast licenses exceeds the fair value, then an impairment loss is recorded to the extent that the carrying value of the broadcast licenses exceeds the fair value.

We periodically evaluate our long-lived assets for impairment and continue to evaluate them as events or changes in circumstances indicate that the carrying amount of such assets may not be fully recoverable. We evaluate the recoverability of long-lived assets by measuring the carrying amount of the assets against the estimated undiscounted future cash flows associated with them. At the time that such evaluations indicate that the future undiscounted cash flows of certain long-lived assets are not sufficient to recover the carrying value of such assets, the assets are tested for impairment by comparing their estimated fair value to the carrying value. We typically estimate fair value using discounted cash flow models and appraisals. See Note 5. Goodwill and Other Intangible Assets, for more information.

Accrued Liabilities

Accrued liabilities consisted of the following as of December 31, 2013 and 2012 (in thousands):

		2013			2012
Compensation and employee health insurance		$	44,800		$	32,099
Interest		25,133			18,885
Deferred revenue		20,128			14,734
Other accruals relating to operating expenses (a)		92,124			78,013
Total accrued liabilities		$	182,185		$	143,731

(a) Included in other accruals relating to operating expenses as of December 31, 2012 is $25.0 million which was paid to Fox in April 2013 as discussed further in Network Affiliation Agreements and Program Service Agreements under Note 10. Commitments and Contingencies.

We expense these activities when incurred.

Income Taxes

We recognize deferred tax assets and liabilities based on the differences between the financial statement carrying amounts and the tax bases of assets and liabilities. 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. As of December 31, 2013, a valuation allowance has been provided for deferred tax assets related to a substantial amount of our available state net operating loss 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. Management periodically performs a comprehensive review of our tax positions and accrues amounts for tax contingencies. Based on these reviews, the status of ongoing audits and the expiration of applicable statute of limitations, accruals are adjusted as necessary in accordance with income tax accounting guidance. The resolution of audits is unpredictable and could result in tax liabilities that are significantly higher or lower than for what we have provided.

Supplemental Information — Statements of Cash Flows

During 2013, 2012 and 2011, we had the following cash transactions (in thousands):

		2013			2012			2011
Income taxes paid related to continuing operations		$	26,037		$	46,964		$	897
Income tax refunds received related to continuing operations		$	4,414		$	194		$	5
Interest paid		$	147,083		$	110,973		$	98,643

Non-cash transactions related to capital lease obligations were $10.4 million, $0.3 million and $2.3 million for the years ended December 31, 2013, 2012 and 2011, respectively. The non-cash conversion of the 4.875% Notes was $8.6 million, net of taxes for the year ended December 31, 2013.

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 significant revenues are recognized as services are provided.

Advertising Expenses

Promotional advertising expenses are recorded in the period when incurred and are included in station production and other operating division expenses. Total advertising expenses from continuing operations, net of advertising co-op credits, were $15.4 million, $12.2 million and $8.7 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Financial Instruments

Financial instruments, as of December 31, 2013 and 2012, consisted of cash and cash equivalents, trade accounts receivable, accounts payable, accrued liabilities and notes payable. The carrying amounts approximate fair value for each of these financial instruments, except for the notes payable. See Note 6. Notes Payable and Commercial Bank Financing, for additional information regarding the fair value of notes payable.

Post-retirement Benefits

We are required to recognize the funded status (i.e., the difference between the fair value of plan assets and the projected
benefit obligations) of our pension plan in our consolidated financial statements. As of December 31, 2013 and 2012, we held a liability of $1.9 million and $5.5 million, respectively, representing the underfunded status of our defined benefit pension plan.

In connection with acquisition of Fisher Communications, Inc. (Fisher) in 2013 (see Note 2. Acquisitions), we assumed a nonqualified noncontributory supplemental retirement program (Fisher SERP) that was originally established for former executives of Fisher. No new participants have been admitted to this program since 2001 and the benefits of active participants were frozen in 2005. The program participants do not include any active employees. The Fisher SERP required continued employment or disability through the date of expected retirement, unless involuntarily terminated. The cost of the program is accrued over the average expected future lifetime of the participants. While the nonqualified plan is unfunded, but Fisher had made investments in annuity contracts and life insurance policies on the lives of certain individual participants to assist in future payment of retirement benefits. The Company is the owner and beneficiary of the annuity contracts and life insurance policies; accordingly, the cash value of the annuity contracts and the cash surrender value of the life insurance policies are reported at fair value as assets in our consolidated balance sheet and any appreciation value is included in other income in our consolidated statement of operations. The carrying value of the annuity contracts and life insurance policies was $18.2 million as of December 31, 2013.

As of December 31, 2013, the estimated projected benefit obligation of Fischer SERP was $22.0 million, of which $1.5 million is included in accrued expenses in the consolidated balance sheet and the $20.5 million is included in other long-term liabilities. During the year ended December 31, 2013, since acquiring Fisher, we made $0.5 million in benefit payments, recognized $0.4 million of periodic pension expense, reported in other expenses in the consolidated statement of operations, and $0.2 million of actuarial gains through other comprehensive income.

At December 31, 2013 the projected benefit obligation was measured using a 4.51% discount rate. We estimated its discount rate, in consultation with our independent actuaries, based on a yield curve constructed from a portfolio of high quality bonds for which the timing and amount of cash outflows approximate the estimated payouts of the plan.

We estimate that benefits expected to be paid to participants under the Fisher SERP as follows (in thousands):

		December 31,
		2013
2014		$	1,489
2015		1,601
2016		1,686
2017		1,624
2018		1,580
Next 5 years		7,366
		$	15,346

Reclassifications

Certain reclassifications have been made to prior years’ consolidated financial statements to conform to the current year’s presentation.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
ACQUISITIONS	Dec. 31, 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.

	Under the acquisition method of accounting, the results of the acquired operations are included in the financial statements of the Company beginning January 1, 2012. 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 years ended December 31, 2013 and 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 $73.7 million and $70.0 million for the years ended December 31, 2013 and 2012, respectively and $19.8 million and $17.3 million for the years ended December 31, 2013 and 2012, respectively. These amounts exclude the operations of WLWC-TV which 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 losses of WLWC-TV were $1.4 million and $0.2 million, respectively, for the year ended December 31, 2013 and $5.5 million and $0.2 million, respectively, for the year ended December 31, 2012. Additionally, during the year ended December 31, 2011, prior to the acquisition, we recorded net broadcast revenues of $8.8 million related to the Four Points LMA.

	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.

	Under the acquisition method of accounting, the results of the acquired operations are included in the financial statements of the Company beginning April 1, 2012. 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 March 31, 2012 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 years ended December 31, 2013 and 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 $108.6 million and $91.0 million for the years ended December 31, 2013 and 2012, respectively, and$29.4 million and $32.5 million for the years ended December 31 2013, and 2012, respectively. These amounts exclude the operations of WLAJ-TV which 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 losses of WLAJ-TV were $0.7 million and $0.1 million, respectively, for the year ended December 31, 2013 and $3.8 million and $0.9 million, respectively, for the year ended December 31, 2012. Additionally, during the first quarter 2012 and year ended December 31, 2011, prior to the acquisition, we recorded net broadcast revenues of $10.0 million and $2.0 million , respectively, related to the Freedom LMA.

	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 $1.0 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. See Note 6. Notes Payable and Commercial Bank Financing for more information.

	Our right to acquire certain of the license assets of WPMI and WJTC in Mobile, AL was assigned to a third party, who acquired these assets effective December 1, 2012 for $6.0 million. Additionally, a third party acquired the license assets of WHAM in Rochester, NY from Newport effective February 1, 2013 for $6.0 million. Concurrent with the acquisition of WKRC in Cincinnati, OH and WOAI in San Antonio, TX from Newport, we sold 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 to third parties. All of the aforementioned third party licensees are part of the Deerfield Media group of companies (Deerfield), which are under common ownership. Deerfield financed these purchases with third party bank financing which we have guaranteed. See Note 6. Notes Payable and Commercial Bank Financing for more information. We provide non-programming related sales, operational and administrative services to these stations pursuant to certain outsourcing agreements and we have assignable purchase options with these licensees to acquire the license assets upon FCC approval. We consolidate the license assets of these stations 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 provided non-programming related sales, operational and administrative services to the station pursuant to certain outsourcing agreements 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 was 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 third parties 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 final 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 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 $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. 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.

The results of operations for the year ended December 31, 2012 include the results of the Newport stations since December 1, 2012. Net broadcast revenues and operating income of the Newport stations included in our consolidated statements of operations, were $149.0 million and $11.7 million for the years ended December 31, 2013 and 2012, respectively, and $35.8 million and $2.9 million for the years ended December 31, 2013 and 2012, 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 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 an outsourcing agreement to our stations in Idaho Falls, ID (KIDK and KXPI), exercised an existing purchase option to purchase the broadcast assets of the two stations for $6.3 million, which closed in November 2013. The assets of these stations were classified as assets held for sale in the initial purchase price allocation. 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		19,337
Program contract costs		10,968
Property and equipment		48,616
Broadcast licenses		11,058
Definite-lived intangible assets		155,073
Other assets		8,348
Assets held for sale		6,339
Accounts payable and accrued liabilities		(20,384		)
Program contracts payable		(10,977		)
Deferred tax liability		(51,024		)
Other long-term liabilities		(22,127		)
Fair value of identifiable net assets acquired		198,720
Goodwill		174,476
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 $39.5 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 $11.1 million. The initial 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 third quarter of 2013, which were not material to our consolidated financial statements.

The results of operations for the year ended December 31, 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 $79.1 million and $19.1 million for the year ended December 31, 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.

Barrington

Effective November 22, 2013, we completed the acquisition of the broadcast assets of Barrington Broadcasting Company, LLC for $370.0 million, less working capital of $2.4 million, and entered into agreements to operate or provide sales and administrative services to another five stations. The purchase price includes $7.5 million paid by third parties for the license related assets of certain stations. The acquired assets relate to the following twenty four stations located in fifteen markets along with the respective network affiliation or program service arrangements: WEYI (NBC) and WBSF (CW) in Flint/Saginaw/Bay City/Midland, MI; WNWO (NBC) in Toledo, OH; WACH (FOX) in Columbia, SC; WSTM (NBC), WTVH (CBS) and WSTQ (CW) in Syracuse, NY; KGBT (CBS) in Harlingen/Weslaco/Brownsville/McAllen, TX; KXRM (FOX) and KXTU (CW) in Colorado Springs, CO; WPDE (ABC) and WWMB (CW) in Myrtle Beach/Florence, SC; WHOI (ABC) in Peoria/Bloomington, IL; WPBN/WTOM (NBC), and WGTU/WGTQ (ABC) in Traverse City/Cadillac, MI; KVII (ABC) and KVIH (ABC) in Amarillo, TX; KRCG (CBS) in Columbia/Jefferson City, MO; WFXL (FOX) in Albany, GA; KHQA (CBS) in Quincy, IL/Hannibal, MO/Keokuk, IA; WLUC (NBC) in Marquette, MI; and KTVO (ABC) in Ottumwa, IA/Kirksville, MO.

Concurrent with the Barrington acquisition, due to FCC conflict ownership rules, we sold our station, WSYT (FOX), and assigned its LMA with WNYS-TV (MNT), in Syracuse, NY to a third party for $15 million less, and recognized a loss on sale of approximately $3.3 million. We also sold our station, WYZZ (FOX) in Peoria, IL, which currently receives non-programming related sales, operational and administrative services from Nexstar Broadcasting pursuant to certain outsourcing agreements, to Cunningham for $22.0 million. Although we have no continuing involvement in the operations of this station, because Cunningham is a consolidated VIE and we have a purchase plan option to acquire these assets from Cunningham, the assets of WYZZ were not derecognized and the transaction was accounted for a transaction between parties under common control. Thus no gain or loss has been recognized in the consolidated statement of operations for sale of WYZZ.

The results of the acquired operations are included in the financial statements of the Company beginning on November 22, 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 licensees which own the license and related assets of WEYI and WBSF in Flint, MI, WWMB in Myrtle Beach, SC and WGTU/WGTQ in Traverse City, MI, which we have consolidated, as the licensees are considered to be VIEs and we are the primary beneficiary of the variable interests. 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):

Prepaid expenses and other current assets		$	681
Program contract costs		3,813
Property and equipment		67,519
Broadcast licenses		719
Definite-lived intangible assets		220,535
Accounts payable and accrued liabilities		(2,725		)
Program contracts payable		(3,813		)
Other long-term liabilities		(65		)
Fair value of identifiable net assets acquired		286,664
Goodwill		81,022
Total		$	367,686

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 $99.3 million, the decaying advertiser base of $43.8 million, and other intangible assets of $77.4 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 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 initial 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.

The results of operations for the year ended December 31, 2013 includes the results of the Barrington stations since November 22, 2013. Net broadcast revenues and operating income of the Barrington stations included in our consolidated statements of operations, were $16.9 million and $4.1 million for the year ended December 31, 2013.

Pro Forma Information

The following table sets forth unaudited pro forma results of operations, assuming that the above acquisitions, along with transactions necessary to finance the acquisitions, occurred at the beginning of the year preceding the year of acquisition. The pro forma results exclude acquisitions presented under Other Acquisitions below, as they were deemed not material both individually and in the aggregate. The 2011 period does not include the pro forma effects of the 2013 acquisitions, and as such will not provide comparability to the 2012 and 2013 pro forma periods presented in the following table (in thousands, except per share data):

		(Unaudited)
		2013			2012			2011
Total revenues		$	1,580,883		$	1,513,975		$	1,210,257
Net Income		$	56,657		$	153,807		$	151,751
Net Income attributable to Sinclair Broadcast Group		$	54,308		$	153,370		$	151,352
Basic and diluted earnings per share attributable to Sinclair Broadcast Group		$	0.58		$	1.89		$	1.86

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 indicative of what our results would have been had we operated the businesses since the beginning of the annual period presented because the pro forma results do not reflect expected synergies. 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. Depreciation and amortization expense are higher than amounts recorded in the historical financial statements of the acquirees due to the fair value adjustments recorded for long-lived tangibles and intangible assets in purchase accounting. The pro forma revenues exclude the revenues of WLAJ-TV and WLWC-TV which are classified as discontinued operations in the consolidated statements of operations.

In connection with these acquisitions, for the years ended December 31, 2013, 2012, and 2011, we incurred a total of $2.8 million, $1.2 million, and $0.6 million, respectively, of costs primarily related to legal and other professional services,, which we expensed as incurred and classified as corporate general and administrative expenses in the consolidated statements of operations. These costs were not included in the pro forma amounts above as they are nonrecurring in nature.

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 and Barrington acquisitions, we acquired nineteen television stations during the year ended December 31, 2013 in ten markets, of which five station in four of the ten markets were acquired from Cox Media Group in May 2013. Additionally, ten of the nineteen stations were acquired in four markets from TTBG LLC (TTBG) during September 2013 and October 2013. The initial purchase price allocated includes $272.7 million paid for certain broadcast assets of these stations, working capital of $9.5 million, and $0.7 million paid by certain VIEs 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
Accounts receivable		$	8,226		$	—
Prepaid expenses and other current assets		5,217			160
Program contract costs		6,182			1,638
Property and equipment		54,148			16,545
Deferred tax asset		3,888			—
Broadcast licenses		3,736			2,679
Definite-lived intangible assets		147,191			22,546
Accrued liabilities		(3,926		)	(1,178		)
Program contracts payable		(6,331		)	(4,252		)
Other long term liabilities		(10,300		)	—
Fair value of identifiable net assets acquired		208,031			38,138
Goodwill		74,847			10,661
Total		$	282,878		$	48,799

The definite-lived intangible assets in the table above, will be amortized over the remaining useful lives of 15 years for network affiliations, 10 years for decaying advertiser base, and a weighted average of 14 years for the other intangible assets. In conjunction with these acquisitions, for the years ended December 31, 2013 and 2012, we incurred transaction costs of approximately $0.6 million and $0.7 million respectively, which are reported in general and administrative expenses in the accompanying consolidated statements of operations for the years ended December 31, 2013 and 2012, respectively. Net broadcast revenues for the year ended December 31, 2013 related to stations acquired in 2013 were $52.4 million. Net broadcast revenues for the years ended December 31, 2013 and 2012 related to the stations acquired in 2012 were $21.5 million and $5 million, respectively.

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 11. 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.

STOCKBASED_COMPENSATION_PLANS

STOCK-BASED COMPENSATION PLANS:	12 Months Ended
STOCK-BASED COMPENSATION PLANS:	Dec. 31, 2013
STOCK-BASED COMPENSATION PLANS:	'
STOCK-BASED COMPENSATION PLANS:	'
	3. STOCK-BASED COMPENSATION PLANS:

	Description of Awards

	We have seven types of stock-based compensation awards: compensatory stock options (options), restricted stock awards (RSAs), an employee stock purchase plan (ESPP), employer matching contributions (the Match) for participants in our 401(k) plan, stock-settled appreciation rights (SARs), subsidiary stock awards and stock grants to our non-employee directors. Stock-based compensation expense has no effect on our consolidated cash flows. Below is a summary of the key terms and methods of valuation of our stock-based compensation awards:

	Options. In June 1996, our Board of Directors adopted, upon approval of the shareholders by proxy, the 1996 Long-Term Incentive Plan (LTIP). The purpose of the LTIP is to reward key individuals for making major contributions to our success and the success of our subsidiaries and to attract and retain the services of qualified and capable employees. Options granted pursuant to the LTIP must be exercised within 10 years following the grant date. A total of 14,000,000 shares of Class A Common Stock are reserved for awards under this plan. As of December 31, 2013, 8,682,809 shares (including forfeited shares) were available for future grants. We have not issued any options subsequent to accelerating the vesting in 2005.

	The following is a summary of changes in outstanding stock options:

			Options		Weighted-Average			Exercisable	Weighted-Average
			Options		Exercise Price			Exercisable	Exercise Price
	Outstanding at December 31, 2012		129,500		$	11.73		129,500	$	11.73
	2013 Activity:
	Granted		—		—			—	—
	Exercised		(100,000	)	11.86			—	—
	Cancelled		(17,000	)	11.71			—	—
	Outstanding at December 31, 2013		12,500		10.75			12,500	10.75


	RSAs. RSAs are granted to employees pursuant to the LTIP. RSAs issued in 2013, 2012 and 2011 have certain restrictions that lapse over two years at 50% and 50%, respectively. RSAs issued prior to 2010 have certain restrictions that lapse over three years at 25%, 25% and 50%, respectively. As the restrictions lapse, the Class A Common Stock may be freely traded on the open market. Unvested RSAs are entitled to dividends. The fair value assumes the value of the stock on the grant date.

	The following is a summary of changes in unvested restricted stock:

			RSAs		Weighted-Average
			RSAs		Price
	Unvested shares at December 31, 2012		158,500		$	11.79
	2013 Activity:
	Granted		314,000		14.19
	Vested		(102,500	)	11.84
	Forfeited		—		—
	Unvested shares at December 31, 2013		370,000		13.81


	For the years ended December 31, 2013, 2012 and 2011, we recorded compensation expense of $2.7 million, $1.2 million and $1.0 million, respectively. The majority of the unrecognized compensation expense of $2.5 million, as of December 31, 2013, will be recognized in 2014.

	ESPP. In March 1998, the Board of Directors adopted, subject to approval of the shareholders, the ESPP. The ESPP provides our employees with an opportunity to become shareholders through a convenient arrangement for purchasing shares of Class A Common Stock. On the first day of each payroll deduction period, each participating employee receives options to purchase a number of shares of our common stock with money that is withheld from his or her paycheck. The number of shares available to the participating employee is determined at the end of the payroll deduction period by dividing the total amount of money withheld during the payroll deduction period by the exercise price of the options (as described below). Options granted under the ESPP to employees are automatically exercised to purchase shares on the last day of the payroll deduction period unless the participating employee has, at least thirty days earlier, requested that his or her payroll contributions stop. Any cash accumulated in an employee’s account for a period in which an employee elects not to participate is distributed to the employee.

	The initial exercise price for options under the ESPP is 85% of the lesser of the fair market value of the common stock as of the first day of the quarter and as of the last day of that quarter. No participant can purchase more than $25,000 worth of our common stock over all payroll deduction periods ending during the same calendar year. We value the stock options under the ESPP using the Black-Scholes option pricing model, which incorporates the following assumptions as of December 31, 2013, 2012 and 2011:

			2013		2012		2011
	Risk-free interest rate		0.10%		0.10%		0.40%
	Expected life		3 months		3 months		3 months
	Expected volatility		37%-60%		38%-53%		38%-67%
	Weighted average volatility		44%		44%		51%
	Annual dividend yield		1.8%-4.7%		4.3%-6.7%		3.8%-6.6%
	Weighted average dividend yield		4.20%		5.20%		5.40%

	We use the Black-Scholes model as opposed to a lattice pricing model because employee exercise patterns are not relevant to this plan. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant with short-term maturities that approximate the expected life of the options of three months. The expected volatility is based on our historical stock prices over the previous three month period. The annual dividend yield is based on the annual dividend per share divided by the share price on the grant date.

	The stock-based compensation expense recorded related to the ESPP for the years ended December 31, 2013, 2012 and 2011 was $0.3 million, $0.2 million and $0.1 million, respectively. Less than 0.1 million shares were issued to employees during the year ended December 31, 2013.

	Match. The Sinclair Broadcast Group, Inc. 401(k) Profit Sharing Plan and Trust (the 401(k) Plan) is available as a benefit for our eligible employees. Contributions made to the 401(k) Plan include an employee elected salary reduction amount, the Match and an additional discretionary amount determined each year by the Board of Directors. The Match and any additional discretionary contributions may be made using our Class A Common Stock if the Board of Directors so chooses. Typically, we make the Match using our Class A Common Stock.

	The value of the Match is based on the level of elective deferrals into the 401(k) plan. The amount of shares of our Class A Common Stock used to make the Match is determined using the closing price on or about March 1st of each year for the previous calendar year’s Match. The Match is discretionary and is equal to a maximum of 50% of elective deferrals by eligible employees, capped at 4% of the employee’s total cash compensation. For the years ended December 31, 2013, 2012 and 2011, we recorded $3.1 million, $1.6 million and $1.3 million, respectively, of compensation expense related to the Match.

	SARs. On February 5, 2013, 500,000 SARs were granted to David Smith, our President and Chief Executive Officer, pursuant to the LTIP. The base value of each SAR is $14.21 per share, which was the closing price of our Class A Common Stock on the grant date. The SARs had a grant date fair value of $3.2 million. On March 9, 2012, 400,000 SARs were granted to David Smith, our President and Chief Executive Officer, pursuant to the LTIP. The base value of each SAR is $11.68 per share, which was the closing price of our Class A Common Stock on the grant date. The SARs had a grant date fair value of $2.0 million. On March 22, 2011, 300,000 SARs were granted to David Smith, our President and Chief Executive Officer, pursuant to the LTIP. The base value of each SAR is $12.07 per share, which was the closing price of our Class A Common Stock on the grant date. The SARs had a grant date fair value of $2.2 million. The SARs have a 10-year term and vest immediately. We valued the SARs using the Black-Scholes model and the following assumptions:

			2013		2012		2011
	Risk-free interest rate		0.90%		0.90%		3.60%
	Expected life		5 years		5 years		10 years
	Expected volatility		73%		73%		68%
	Annual dividend yield		4.30%		5.20%		2.30%

The following is a summary of the changes in SARS:

		SARs		Weighted-Average Price
Outstanding at December 31, 2012		900,000		$	12.72
2013 Activity:
Granted		500,000		14.21
Exercised		—		—
Outstanding SARs at December 31, 2013		1,400,000		13.25


For the years ended December 31, 2013, 2012 and 2011, we recorded compensation expense, at the grant date, of $3.2 million, $2.0 million and $2.2 million, respectively, related to these grants. In 2011, David Smith exercised 650,000 of his then outstanding SARs for 237,947 shares. During 2013, 2012 and 2011, outstanding SARs increased the weighted average shares outstanding for purposes of determining dilutive earnings per share. As of December 31, 2013, 1,400,000 SARs were outstanding.

Subsidiary Stock Awards. From time to time, we grant subsidiary stock awards to employees. The subsidiary stock is typically in the form of a membership interest in a consolidated limited liability company, not traded on a public exchange and valued based on the estimated fair value of the subsidiary. Fair value is typically estimated using discounted cash flow models and/or appraisals. These stock awards vest immediately. For the years ended December 31, 2013, 2012 and 2011, we recorded compensation expense of $0.3 million, $0.7 and $2.9 million, respectively, related to these awards. These awards have no effect on the shares used in our basic and diluted earnings per share.

Stock Grants to Non-Employee Directors. In addition to directors fees paid, on the date of each of our annual meetings of shareholders, each non-employee director receives a grant of shares of Class A Common Stock pursuant to the LTIP. In 2013, each non-employee director received 6,250 shares and in 2012 and 2011, each non-employee director received 5,000 shares, respectively. On June 6, 2013, we granted 31,250 shares that had a fair value of $24.30 per share. On June 14, 2012 and June 3, 2011, we granted 25,000 shares that had a fair value of $8.12 per share, 25,000 shares that had a fair value of $9.39 per share, respectively. The fair value assumes the closing value of the stock on the date of grant. We recorded expense of $0.8 million, $0.2 million and $0.2 million for each of the years ended December 31, 2013, 2012 and 2011. Additionally, these shares are included in the total shares outstanding, which results in a dilutive effect on our basic and diluted earnings (loss) per share.

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT:	12 Months Ended
PROPERTY AND EQUIPMENT:	Dec. 31, 2013
PROPERTY AND EQUIPMENT:	'
PROPERTY AND EQUIPMENT:	'
	4. PROPERTY AND EQUIPMENT:

	Property and equipment are stated at cost, less accumulated depreciation. Depreciation is generally computed under the straight-line method over the following estimated useful lives:

	Buildings and improvements	10 - 30 years
	Station equipment	5 - 10 years
	Office furniture and equipment	5 - 10 years
	Leasehold improvements	Lesser of 10 - 30 years or lease term
	Automotive equipment	3 - 5 years
	Property and equipment under capital leases	Lease term

	Acquired property and equipment as discussed in Note 2. Acquisitions, is depreciated on a straight-line basis over the respective estimated remaining useful lives.

	Property and equipment consisted of the following as of December 31, 2013 and 2012 (in thousands):

		2013			2012
	Land and improvements	$	37,517		$	33,932
	Real estate held for development and sale	67,037			56,419
	Buildings and improvements	168,441			135,162
	Station equipment	572,851			425,823
	Office furniture and equipment	50,210			41,134
	Leasehold improvements	19,453			18,362
	Automotive equipment	23,443			20,634
	Capital leased assets	81,602			79,126
	Construction in progress	17,078			18,274
		1,037,632			828,866
	Less: accumulated depreciation	(441,561		)	(389,153		)
		$	596,071		$	439,713

	Capital leased assets are related to building, tower and equipment leases. Depreciation related to capital leases is included in depreciation expense in the consolidated statements of operations. We recorded capital lease depreciation expense of $4.0 million, $3.5 million and $3.8 million for the years ended December 31, 2013, 2012 and 2011, respectively.

GOODWILL_BROADCAST_LICENSES_AN

GOODWILL, BROADCAST LICENSES AND OTHER INTANGIBLE ASSETS:	12 Months Ended
GOODWILL, BROADCAST LICENSES AND OTHER INTANGIBLE ASSETS:	Dec. 31, 2013
GOODWILL, BROADCAST LICENSES AND OTHER INTANGIBLE ASSETS:	'
GOODWILL, BROADCAST LICENSES AND OTHER INTANGIBLE ASSETS:	'
	5. GOODWILL, BROADCAST LICENSES AND OTHER INTANGIBLE ASSETS:

	Goodwill, which arises from the purchase price exceeding the assigned value of the net assets of an acquired business, represents the value attributable to unidentifiable intangible elements being acquired. Goodwill totaled $1,380.1 million and $1,074.0 million at December 31, 2013 and 2012, respectively. The change in the carrying amount of goodwill related to continuing operations was as follows (in thousands):

			Broadcast			Other			Consolidated
						Operating
						Divisions
	Balance at December 31, 2011
	Goodwill		$	1,070,202		$	3,488		$	1,073,690
	Accumulated impairment losses		(413,573		)	—			(413,573		)
			656,629			3,488			660,117
	Acquisition of television stations (a)		425,822			—			425,822
	Reclassification of goodwill to assets held for sale (b)		(11,907		)	—			(11,907		)
	Balance at December 31, 2012 (c)
	Goodwill (a)		1,484,117			3,488			1,487,605
	Accumulated impairment losses		(413,573		)	—			(413,573		)
			1,070,544			3,488			1,074,032
	Acquisition of television stations (a)		330,309			—			330,309
	Sale of broadcast assets (d)		(14,724		)	—			(14,724		)
	Measurement period adjustments related to 2012 acquisitions (e)		(9,535		)	—			(9,535		)
	Balance at December 31, 2013 (c)
	Goodwill		1,790,167			3,488			1,793,655
	Accumulated impairment losses		(413,573		)	—			(413,573		)
			$	1,376,594		$	3,488		$	1,380,082

	(a) In 2013 and 2012, we acquired goodwill as a result of acquisitions as discussed in Note 2. Acquisitions.

	(b) In 2012, we reclassified goodwill to assets held for sale as a result of the pending sales of WLAJ-TV in Lansing, Michigan, and WLWC-TV in Providence, Rhode Island as discussed in Discontinued Operations under Note 1. Nature of Operations and Summary of Significant Accounting Policies

	(c) Approximately $6.4 million of goodwill relates to consolidated VIEs as of December 31, 2013 and 2012.

	(d) Amounts relate to the sale of WSYT (FOX) (including certain assets of WNYS (MNT), which we performed service to under an LMA) in Syracuse, NY, in connection with the acquisition of stations from Barrington, as discussed in Note 2. Acquisitions.

	(e) Amounts relate to immaterial measurement period adjustments related to 2012 acquisitions.

	As of December 31, 2013 and 2012, the carrying amount of our broadcast licenses related to continuing operations was as follows (in thousands):

			2013			2012
	Beginning balance		$	85,122		$	47,002
	Acquisition of television stations (a)		15,514			38,924
	Sale of broadcast assets (e)		(25		)	—
	Measurement period adjustments related to 2012 acquisitions (d)		418			—
	Reclassification of broadcast license to assets held for sale (b)		—			(804		)
	Ending balance (c)		$	101,029		$	85,122

	(a) In 2013, we acquired broadcast licenses as a result of acquisitions as discussed in Note 2. Acquisitions.

	(b) In 2012, we reclassified the broadcast license of WLAJ-TV in Lansing, Michigan and WLWC-TV in Providence, Rhode Island to assets held for sale as discussed in Discontinued Operations under Note 1. Nature of Operations and Summary of Significant Accounting Policies.

	(c) Approximately $16.8 million and $14.9 million of broadcast licenses relate to consolidated VIEs as of December 31, 2013 and 2012, respectively.

	(d) Amounts relate to immaterial measurement period adjustments related to 2012 acquisitions, as discussed in Note 2. Acquisitions

	(e) Amounts relate to the sale of WSYT (FOX) (including certain assets of WNYS (MNT), which we performed service to under an LMA) in Syracuse, NY, in connection with the acquisition of stations from Barrington, as discussed in Note 2. Acquisitions.

	We did not have any indicators of impairment in any interim period in 2013 or 2012 and therefore did not perform interim impairment tests for goodwill or broadcast licenses during those periods. We performed our annual impairment tests for goodwill and indefinite-lived intangibles in the fourth quarter of 2013 and 2012 and we did not recognize any impairment as a result of our qualitative and/or quantitative assessments. In 2013, we concluded based on our qualitative assessment that it was more likely than not that the fair values of the reporting units would sufficiently exceed their carrying values and it was unnecessary to perform the quantitative two-step method. Based on the results of our annual qualitative assessment for goodwill impairment performed in 2012, we concluded that we would need to perform a quantitative “Step 1” test for three of our markets which had aggregate goodwill of $79.5 million as of October 1, 2012, the date of our annual impairment test. These markets had a decrease in operating results for the past few years and therefore, we estimated the fair value of these reporting units based on a market approach and income approach. For all three markets, the fair value of the reporting unit exceeded the respective carrying value by more than 10%. For all our other reporting units, we concluded based on the qualitative assessment that it was more likely than not that the fair values of these reporting units would sufficiently exceed their carrying values and it was not necessary to perform the quantitative two-step method.

	We did not have any indicators of impairment in the first, second or third quarters of 2011 and therefore did not perform interim impairment tests for goodwill during those periods. In the first quarter 2011, we recorded an impairment charge of $0.4 million for our broadcast licenses due to anticipated increase in costs for one of our stations as a result of converting to full power. We performed our annual impairment tests in the fourth quarter of 2011, and did not recognize any impairment as a result of the assessments. Based on the annual qualitative assessment for goodwill impairment performed in 2011, we concluded that it was more likely than not that the fair values of all reporting units would sufficiently exceed their carrying value and thus it was not necessary to perform the quantitative two-step method.

	The qualitative factors for our reporting units reviewed during our annual assessments, with the exception of the three markets in which we performed a quantitative assessment in 2012, indicated stable or improving margins and favorable or stable forecasted economic conditions including stable discount rates and comparable or improving business multiples. Additionally, the results of prior quantitative assessments supported significant excess fair value over carrying value of our reporting units.

	The carrying value, fair value and impairment loss of the broadcast licenses which were impaired during 2011 were as follows (in thousands):

					Fair Value Measurements Using
Description		Carrying Value			Quoted			Significant			Significant		Total
					Prices in			Other			Unobservable		Impairment
					Active			Observable			Inputs		Losses
					Markets for			Inputs			(Level 3)
					Identical			(Level 2)
					Assets
					(Level 1)
Year Ended December 31, 2011
Broadcast licenses (a)		$	1,265		$	—		$	—		$	1,265	$	398



(a) The fair value above represents the fair value of the broadcast licenses that were impaired in 2011 and written down to fair value. It excludes carrying values of $45.7 million related to broadcast licenses as of December 31, 2011, which were not impaired and had fair values in excess of carrying value.

The key assumptions used to determine the fair value of our broadcast licenses consist of discount rates, estimated market revenues, normalized market share, normalized profit margin, and estimated start-up costs. The qualitative factors for our broadcast licenses indicated an increase in market revenues, stable market shares and stable cost factors. The revenue, expense and growth rates used in determining the fair value of our broadcast licenses remained constant or increased slightly from 2012 to 2013. The growth rates are based on market studies, industry knowledge and historical performance. The discount rates used to determine the fair value of our broadcast licenses did not change significantly over the last three years. The discount rate is based on a number of factors including market interest rates, a weighted average cost of capital analysis based on the target capital structure for a television station, and includes adjustments for market risk and company specific risk.

The following table shows the gross carrying amount and accumulated amortization of definite-lived intangibles related to continuing operations (in thousands):

		As of December 31, 2013
		Gross Carrying Amount			Accumulated			Net
		Gross Carrying Amount			Amortization			Net

Amortized intangible assets:
Network affiliation (a)		$	869,535		$	(195,037	)	$	674,498
Decaying advertiser base (b)		260,454			(135,978		)	124,476
Other (c)		389,769			(60,988		)	328,781
Total		$	1,519,758		$	(392,003	)	$	1,127,755

		As of December 31, 2012
		Gross Carrying Amount			Accumulated			Net
		Gross Carrying Amount			Amortization			Net

Amortized intangible assets:
Network affiliation		$	580,929		$	(160,166	)	$	420,763
Decaying advertiser base		178,094			(121,919		)	56,175
Other (d)		195,103			(48,635		)	146,468
Total		$	954,126		$	(330,720	)	$	623,406

(a) The increase in network affiliation assets includes amounts from acquisitions of $279.0 million and $343.0 million in 2013 and 2012, respectively. See Note 2. Acquisitions for more information.

(b) The increase in decaying advertiser base includes amounts from acquisitions of $84.3 million and $56.9 million in 2013 and 2012, respectively.

(c) The increase in other intangible assets includes the amounts from acquisitions of $159.5 million and $79.4 million in 2013 and 2012, respectively. See Note 2. Acquisitions for more information.

Definite-lived intangible assets and other assets subject to amortization are being amortized on a straight-line basis over their estimated useful lives which generally range from 5 to 25 years. The total weighted average useful life of all definite-lived intangible assets and other assets subject to amortization acquired as a result of the acquisitions discussed in Note 2. Acquisitions is 14 years. The amortization expense of the definite-lived intangible assets for the years ended December 31, 2013, 2012 and 2011 was $70.8 million, $38.1 million and $18.2 million, respectively. We analyze specific definite-lived intangibles for impairment when events occur that may impact their value in accordance with the respective accounting guidance for long-lived assets. There were no impairment charges recorded for the years ended December 31, 2013, 2012 and 2011.

The following table shows the estimated amortization expense of the definite-lived intangible assets for the next five years (in thousands):

For the year ended December 31, 2014		$	97,242
For the year ended December 31, 2015		96,845
For the year ended December 31, 2016		96,275
For the year ended December 31, 2017		95,696
For the year ended December 31, 2018		86,313
Thereafter		655,384
		$	1,127,755

NOTES_PAYABLE_AND_COMMERCIAL_B

NOTES PAYABLE AND COMMERCIAL BANK FINANCING:	12 Months Ended
	Dec. 31, 2013
NOTES PAYABLE AND COMMERCIAL BANK FINANCING:	'
NOTES PAYABLE AND COMMERCIAL BANK FINANCING:	'
	6. NOTES PAYABLE AND COMMERCIAL BANK FINANCING:

	Bank Credit Agreement

	In January 2012, we drew $180.0 million of the incremental Term Loan B under our Bank Credit Agreement to fund the asset acquisition of Four Points, which closed January 1, 2012. In addition, in April 2012, we drew $157.5 million of the incremental Term Loan A and $192.5 million of the incremental Term Loan B under our Bank Credit Agreement to fund the asset acquisition of Freedom, which closed April 1, 2012. As of December 31, 2012, we had $48.0 million drawn on our revolver.

	On April 9, 2013, we entered into an amendment and restatement (the Amendment) of our credit agreement (as amended, the Bank Credit Agreement). Pursuant to the 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 (which included a $445.0 million delayed draw of the Term Loan A that was drawn on in October 2013) 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 borrowings under the revolving line of credit, were used to fund acquisitions.

	In October 2013, we further amended certain terms of our Bank Credit Agreement. Pursuant to the agreement, we increased the capacity of Term Loan A from $500 million to $700 million through a $200.0 million delayed draw tranche and increased the capacity of Term Loan B from $400 million to $650 million. We drew $250.0 million of the incremental Term Loan B in October 2013 which was used to fund fourth quarter acquisitions, the redemption of the 9.25% Senior Secured Second Lien Notes and for general corporate purposes. We also increased the capacity of our revolving line of credit from $100.0 million to $157.5 million maturing in April 2018. We also amended certain terms of the Bank Credit Agreement. The final terms of the amendment are as follows:

	· We increased our ratio of our First Lien Indebtedness from 3.50 times EBITDA to 3.75 times EBITDA for the period January 1, 2015 through maturity of the agreement.
	· Other amended terms provided us with increased television station acquisition capacity, more flexibility under the other restrictive covenants and prepayments of the existing term loans.

	Interest expense related to the Bank Credit Agreement, including the revolver, on our consolidated statement of operations was $27.3 million, $35.7 million and $19.6 million for the years ended December 31, 2013, 2012 and 2011, respectively. Included in these amounts were debt refinancing costs of $2.4 million, $6.3 million and $6.1 million for the years ended December 31, 2013 and 2012, and 2011 respectively, in accordance with debt modification accounting guidance that applied to the amendments. In connection with the amendments, we capitalized $14.9 million and $2.3 million as deferred financing costs, which are included in other assets in our consolidated financial statements during the years ended December 31, 2013 and 2012, respectively. The weighted average effective interest rate of the Term Loan B for the years ended December 31, 2013 and 2012 was 3.29% and 4.40%, respectively. The weighted average effective interest rate of the Term Loan A for the years ended December 31, 2013 and 2012 was 2.51% and 2.53%, respectively.

	Our Bank Credit Agreement contains certain cross-default provisions with certain material third-party licensees, defined as any party that owns the license assets of one or more television stations for which we provided services to pursuant to LMAs and/or other outsourcing agreements and those stations provide 10% or more of our aggregate broadcast cash flows. A default by a material third-party licensee under our agreements with such parties, including a default caused by insolvency, would cause an event of default under our Bank Credit Agreement. As of December 31, 2013, there were no material third party licensees as defined in our Bank Credit Agreement.

	Our Bank Credit Agreement and indentures governing our outstanding notes contain a number of covenants that, among other things, restrict our ability and our subsidiaries’ ability to incur additional indebtedness, pay dividends, incur liens, engage in mergers or consolidations, make acquisitions, investments or disposals and engage in activities with affiliates. In addition, under the Bank Credit Agreement, we are required to satisfy specified financial ratios. As of December 31, 2013, we were in compliance with all financial ratios and covenants.

	Substantially all of our stock in our wholly-owned subsidiaries has been pledged as security for the Bank Credit Agreement.

	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. We filed a registration statement on Form S-4 with the SEC on December 6, 2013, which became effective on December 19, 2013. An exchange offer was launched on December 19, 2013 to exchange the unregistered 6.375% Notes with the holders for 6.375% Notes registered under the Securities Act of 1933. The exchange offer was completed on January 24, 2014 with 99.7% of the $350.0 million 6.375% Senior Unsecured Notes due 2021 tendered in the exchange offer.

	Interest expense was $4.9 million for the year ended December 31, 2013. The weighted average effective interest rate for the 6.375% Notes was 6.375% for the year ended December 31, 2013.

	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.

	Interest expense was $24.1 million for the year ended December 31, 2013. The weighted average effective interest rate for the 5.375% Notes was 5.375% for the year ended December 31, 2013.

	6.125% Senior Unsecured Notes, due 2022

	On October 12, 2012, we issued $500.0 million of senior unsecured notes, which bear interest at a rate of 6.125% per annum and mature on October 1, 2022 (the 6.125% Notes), pursuant to an indenture dated October 12, 2012 (the 2012 Indenture). The 6.125% Notes were priced at 100% of their par value and interest is payable semi-annually on April 1 and October 1, commencing on April 1, 2013. Prior to October 1, 2017, we may redeem the 6.125% 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 6.125% Notes plus accrued and unpaid interest, if any, to the redemption date, plus a “make-whole” premium as set forth in the 2012 Indenture. Beginning on October 1, 2017, we may redeem some or all of the 6.125% Notes at any time or from time to time at a redemption price set forth in the 2012 Indenture. In addition, on or prior to October 1, 2015, we may redeem up to 35% of the 6.125% Notes using proceeds of certain equity offerings. Upon the sale of certain of our assets or certain changes of control, the holders of the 6.125% Notes may require us to repurchase some or all of the notes. The net proceeds from the offering of the 6.125% Notes were used to pay down outstanding indebtedness under the revolving credit facility under our Bank Credit Agreement and fund certain acquisitions as described under Note 2. Acquisitions, and for general corporate purposes. Concurrent with entering into the 2012 Indenture, 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

	Interest expense was $30.5 million for the year ended December 31, 2013. The weighted average effective interest rate for the 6.125% Notes was 6.125% for the year ended December 31, 2013.

	8.375% Senior Unsecured Notes, due 2018

	On October 4, 2010, we issued $250.0 million aggregate principal amount of senior unsecured notes, which bear interest at a rate of 8.375% per annum and mature on October 15, 2018 (the 8.375% Notes), pursuant to an indenture dated as of October 4, 2010 (the 2010 Indenture). The 8.375% were issued at 98.567% of their par value and interest is payable semi-annually on April 15 and October 15 of each year, commencing on April 15, 2011. Prior to October 15, 2014, we may redeem the 8.375% 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 8.375% Notes plus accrued and unpaid interest, plus a “make-whole premium” as set forth in the 2010 Indenture. Beginning on October 15, 2014, we may redeem some or all of the 8.375% Notes at any time or from time to time at the redemption prices set forth in the 2010 Indenture. In addition, on or prior to October 15, 2013, we may redeem up to 35% of the 8.375% Notes using the proceeds of certain equity offerings. Upon certain changes of control, we must offer to purchase the 8.375% Notes at a price equal to 101% of the face amount of the notes plus accrued and unpaid interest. Upon the sale of certain of our assets or certain changes of control, the holders of the 8.375% Notes may require us to repurchase some or all of the 8.375% Notes. Concurrent to entering into the 2010 Indenture we also entered into a registration rights agreement requiring us to complete an offer of an exchange of the 8.375% Notes for registered securities with the SEC by July 1, 2011. The 8.375% Notes registration became effective on November 23, 2010.

	In 2011, we repurchased, in the open market, $12.5 million principal amount of the 8.375% Notes. We recognized a loss on these extinguishments of $0.3 million. As of December 31, 2012, the principal amount of the outstanding 8.375% Notes was $237.5 million.

	Interest expense was $20.3 million, $20.2 million and $21.0 million for the years ended December 31, 2013, 2012 and 2011, respectively. The weighted average effective interest rate of the 8.375% Notes, including amortization of its bond discount, was 8.65% for the years ended December 31, 2013 and 2012, respectively.

	9.25% Senior Secured Second Lien Notes, Due 2017

	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 recorded a loss on extinguishment of $43.1 million in the fourth quarter of 2013 related to this redemption, which included the write-off of the unamortized deferred financing costs of $9.5 million and debt discount of $8.2 million.

	Interest expense was $37.3 million, $47.7 million and $47.6 for the years ended December 31, 2013, 2012 and 2011, respectively. The weighted average effective interest rate for the 9.25% Notes, including the amortization of its bond discount, was 9.74% for the year ended December 31, 2012.

	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 $8.6 million, net of $2.4 million of 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 were accounted for separately. The redemption of the liability component to result in a $1.0 million gain on extinguishment, and the redemption of the equity component was recorded as a $5.1 million reduction in additional paid-in capital, net of $0.9 million of taxes.

	Other Operating Divisions Debt

Other operating divisions debt includes the debt of our consolidated subsidiaries with non-broadcast related operations. This debt is non-recourse to us. Interest was paid on this debt at rates typically ranging from LIBOR plus 2.5% to a fixed 6.50% during 2013. During 2013, 2012 and 2011, interest expense on this debt was $3.2 million, $3.1 million and $3.7 million, respectively.

Debt of Variable Interest Entities

Our consolidated VIEs have $55.6 million in outstanding debt for which the proceeds were used to purchase the license assets of certain stations. See Note 1. Nature of Operations and Summary of Significant Accounting Policies and Note 2. Acquisitions for more information. The credit agreement and term loans of these VIEs bear interest of LIBOR plus 2.50%. We have jointly and severally, unconditionally and irrevocably guaranteed the debt of the VIEs, as a primary obligor, including the payment of all unpaid principal of and interest on the loans.

For the year ended December 31, 2013 and 2012, the interest expense relating to the debt of our VIEs which was jointly and severally, unconditionally and irrevocably guaranteed was $1.2 million and $0.1 million, respectively. During the year ended December 31, 2012 and 2011, one of our VIEs had debt outstanding that was non-recourse to us and that debt was repaid in full on October 1, 2012. The interest expense for the year ended December 31, 2012 and 2011 related to that debt was $0.3 million and $1.0 million, respectively.

Summary

Notes payable, capital leases and the Bank Credit Agreement consisted of the following as of December 31, 2013 and 2012 (in thousands):

		2013			2012
Bank Credit Agreement, Term Loan A		$	500,000		$	263,875
Bank Credit Agreement, Term Loan B		646,375			587,656
Revolving Credit Facility		—			48,000
9.25% Senior Secured Second Lien Notes, due 2017		—			500,000
8.375% Senior Unsecured Notes, due 2018		237,530			237,530
6.375% Senior Unsecured Notes, due 2021		350,000			—
5.375% Senior Unsecured Notes, due 2021		600,000			—
6.125% Senior Unsecured Notes, due 2022		500,000			500,000
4.875% Convertible Senior Notes, due 2018		—			5,685
3.0% Convertible Senior Notes, due 2027		—			5,400
Debt of variable interest entities		30,231			19,950
Debt of variable interest entities (non-recourse)		25,350			—
Other operating divisions debt (all non-recourse)		86,263			65,663
Capital leases		42,946			43,364
Total outstanding principal		3,018,695			2,277,123
Plus: Accretion on 4.875% Convertible Senior Notes, due 2018		—			332
Less: Discount on Bank Credit Agreement, Term Loan B		(3,642		)	(6,807		)
Less: Discount on 9.25% Senior Secured Second Lien Notes, due 2017		—			(9,483		)
Less: Discount on 8.375% Senior Unsecured Notes, due 2018		(2,305		)	(2,677		)
Less: Current portion		(46,346		)	(47,622		)
Net carrying value of long-term debt		$	2,966,402		$	2,210,866

Indebtedness under the notes payable, capital leases and the Bank Credit Agreement as of December 31, 2013 matures as follows (in thousands):

		Notes and Bank			Capital Leases			Total
		Credit
		Agreement
2014		$	41,449		$	8,137		$	49,586
2015		106,849			5,435			112,284
2016		93,986			5,039			99,025
2017		90,113			5,078			95,191
2018		565,076			5,120			570,196
2019 and thereafter		2,078,299			44,204			2,122,503
Total minimum payments		2,975,772			73,013			3,048,785
Less: Discount on Term Loan B		(3,642		)	—			(3,642		)
Less: Discount on 8.375% Senior Unsecured Notes, due 2018		(2,305		)	—			(2,305		)
Less: Amount representing future interest		—			(30,090		)	(30,090		)
		$	2,969,825		$	42,923		$	3,012,748

As of December 31, 2013, our broadcast segment had 28 capital leases with non-affiliates, including 25 tower leases, two building leases and one software lease; our other operating divisions segment had five capital equipment leases and corporate has one building lease. All of our tower leases will expire within the next 18 years and the building leases will expire within the next 3 years. Most of our leases have 5-10 year renewal options and it is expected that these leases will be renewed or replaced within the normal course of business. For more information related to our affiliate notes and capital leases, see Note 11. Related Person Transactions.

PROGRAM_CONTRACTS

PROGRAM CONTRACTS:	12 Months Ended
	Dec. 31, 2013
PROGRAM CONTRACTS:	'
PROGRAM CONTRACTS:	'
	7. PROGRAM CONTRACTS:

	Future payments required under program contracts as of December 31, 2013 were as follows (in thousands):

	2014	$	90,933
	2015	16,803
	2016	8,693
	2017	5,626
	2018	3,559
	Total	125,614
	Less: Current portion	(90,933		)
	Long-term portion of program contracts payable	$	34,681

	Each future periods’ film liability includes contractual amounts owed, however, what is contractually owed does not necessarily

	reflect what we are expected to pay during that period. While we are contractually bound to make the payments reflected in the table during the indicated periods, industry protocol typically enables us to make film payments on a three-month lag. Included in the current portion amounts are payments due in arrears of $22.6 million. In addition, we have entered into non-cancelable commitments for future program rights aggregating to $163.8 million as of December 31, 2013.

COMMON_STOCK

COMMON STOCK:	12 Months Ended
COMMON STOCK:	Dec. 31, 2013
COMMON STOCK:	'
COMMON STOCK:	'
	8. COMMON STOCK:

	Holders of Class A Common Stock are entitled to one vote per share and holders of Class B Common Stock are entitled to ten votes per share, except for votes relating to “going private” and certain other transactions. The Class A Common Stock and the Class B Common Stock vote together as a single class, except as otherwise may be required by Maryland law, on all matters presented for a vote. Holders of Class B Common Stock may at any time convert their shares into the same number of shares of Class A Common Stock. During 2013, 2,905,502 Class B Common Stock shares were converted into Class A Common Stock shares. There were no Class B Common Stock shares converted into Class A Common Stock shares in 2012.

	Our Bank Credit Agreement and some of our subordinated debt instruments have restrictions on our ability to pay dividends. Under our Bank Credit Agreement, in certain circumstances, we may make up to $200.0 million in unrestricted annual cash payments including but not limited to dividends, of which $50.0 million may carry over to the next year. Under the indentures governing the 8.375% Notes, 6.125% Notes, 5.375% Notes and 6.375% Notes, we are restricted from paying dividends on our common stock unless certain specified conditions are satisfied, including that:

	· no event of default then exists under the indenture or certain other specified agreements relating to our indebtedness; and
	· after taking into account the dividends payment, we are within certain restricted payment requirements contained in the indenture.

	In addition, under certain of our debt instruments, the payment of dividends is not permissible during a default thereunder.

	In April 2013, we commenced a public offering of 18.0 million shares of Class A common stock. The offering was priced at $27.25 per share on May 1, 2013 and closed on May 7, 2013. The net proceeds of $472.9 million were used to fund 2013 acquisitions and for general corporate purposes.

	During 2012, our Board of Directors declared a quarterly dividend of $0.12 per share in the months of February and May, which were paid in March and June, and $0.15 per share in the months of August and November, which were paid in September and December. A special cash dividend of $1.00 per share was also declared in November 2012, which was paid in December, for total dividend payments of $1.54 per share for the year ended December 31, 2012. During 2013, our Board of Directors declared a quarterly dividend of $0.15 per share in the months of February, April, August and November, which were paid in March, June, September and December, respectively. Total dividend payments for the year ended December 31, 2013 were $0.60 per share. In February 2014, our Board of Directors declared a quarterly dividend of $0.15 per share. Future dividends on our common shares, if any, will be at the discretion of our Board of Directors and will depend on several factors including our results of operations, cash requirements and surplus, financial condition, covenant restrictions and other factors that the Board of Directors may deem relevant. The Class A Common Stock and Class B Common Stock holders have the same rights related to dividends.

INCOME_TAXES

INCOME TAXES:	12 Months Ended
INCOME TAXES:	Dec. 31, 2013
INCOME TAXES:	'
INCOME TAXES:	'
	9. INCOME TAXES:

	The provision (benefit) for income taxes consisted of the following for the years ended December 31, 2013, 2012 and 2011 (in thousands):

			2013			2012			2011
	Provision for income taxes - continuing operations		$	41,249		$	67,852		$	44,785
	(Benefit) provision for income taxes - discontinued operations		(10,806		)	663			477
			$	30,443		$	68,515		$	45,262
	Current:
	Federal		$	16,229		$	56,106		$	678
	State		(8,305		)	4,095			1,055
			7,924			60,201			1,733
	Deferred:
	Federal		20,214			9,151			41,361
	State		2,305			(837		)	2,168
			22,519			8,314			43,529
			$	30,443		$	68,515		$	45,262

	The following is a reconciliation of federal income taxes at the applicable statutory rate to the recorded provision from continuing operations:

			2013		2012		2011
	Federal statutory rate		35	%	35	%	35	%
	Adjustments-
	State income taxes, net of federal tax benefit		8.3	%	(0.4	)%	1.9	%
	Non-deductible expenses		1.4	%	0.3	%	0.4	%
	Domestic Production Activities Deduction		(3.8	)%	(1.4	)%	—
	Effect of consolidated VIEs		3.7	%	(3.4	)%	(0.7	)%
	Change in state tax laws and rates		(5.5	)%	0.2	%	0.5	%
	Other		0.9	%	1.7	%	(0.1	)%
	Effective income tax rate		40	%	32	%	37	%

	For the year ended December 31, 2013 we recorded $3.4 million of income tax provision related to expenses of our consolidated VIEs that are treated as pass-through entities for income tax purposes. Included in state income taxes above are deferred income tax effects related to certain acquisitions and intercompany mergers. Additionally, during the year ended December 31, 2013 we recorded $2.0 million of additional benefit related to domestic production activities deduction upon filing the 2012 federal income tax return.

	For the year ended December 31, 2012, the taxes on consolidated VIEs include a release of $7.7 million of valuation allowance related to certain deferred tax assets of Cunningham, one of our consolidated VIEs, as the weight of all available evidence supports realization of the deferred tax assets. This assessment was based primarily on the sufficiency of forecasted taxable income necessary to utilize net operating loss carryforwards 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.

	Temporary differences between the financial reporting carrying amounts and the tax bases of assets and liabilities give rise to deferred taxes. Total deferred tax assets and deferred tax liabilities as of December 31, 2013 and 2012 were as follows (in thousands):

			2013			2012
	Current and Long-Term Deferred Tax Assets:
	Net operating and capital losses:
	Federal		$	5,027		$	5,738
	State		63,051			66,990
	Broadcast licenses		27,652			29,170
	Intangibles		3,451			5,871
	Other		35,677			33,803
			134,858			141,572
	Valuation allowance for deferred tax assets		(51,062		)	(59,407		)
	Total deferred tax assets		$	83,796		$	82,165

	Current and Long-Term Deferred Tax Liabilities:
	Broadcast licenses		$	(20,395	)	$	(13,090	)
	Intangibles		(270,008		)	(216,505		)
	Property & equipment, net		(52,514		)	(25,359		)
	Contingent interest obligations		(51,621		)	(52,388		)
	Other		(2,037		)	(10,213		)
	Total deferred tax liabilities		(396,575		)	(317,555		)
	Net tax liabilities		$	(312,779	)	$	(235,390	)

	Our remaining federal and state capital and net operating losses will expire during various years from 2014 to 2033, and some of them are subject to annual limitations under the Internal Revenue Code Section 382 and similar state provisions.

	As discussed in Note 1. Income taxes, we establish valuation allowances in accordance with the guidance related to accounting for income taxes. As of December 31, 2013, a valuation allowance has been provided for deferred tax assets related to a substantial portion of our available state net operating loss 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. Although realization is not assured for the remaining deferred tax assets, we believe it is more likely than not that they will be realized in the future. During the year ended December 31, 2013, we decreased our valuation allowance by $8.3 million from $59.4 million. The reduction in valuation allowance was primarily 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. During the year ended December 31, 2012, we decreased out valuation allowance by $19.7 million, from $79.1 million. The reduction in valuation allowance was primarily due to the settlement of several audits, which resulted in the utilization of certain state net operating loss carryforwards which were previously fully reserved, as well as due to changes in estimates of apportionment for certain states. During the year ended December 31, 2011, we increased our valuation allowance by $1.6 million, from $77.6 million. The change in valuation allowance was primarily due to the creation of additional state net operating loss carryforwards.

	As of December 31, 2013 and 2012, we had $16.9 million and $26.0 million of gross unrecognized tax benefits, respectively. Of this total, for the years ended December 31, 2013 and 2012, $15.6 and $15.0 million from respective continuing operations (net of federal effect on state tax issues) and $6.8 million for the year ended December 31, 2012 from discontinued operations (net of federal effect on state tax issues) represent the amounts of unrecognized tax benefits that, if recognized, would favorably affect our effective tax rates.

The following table summarizes the activity related to our accrued unrecognized tax benefits (in thousands):

		2013			2012			2011
Balance at January 1,		$	25,965		$	26,088		$	26,125
Reductions related to prior years tax position		(8,928		)	(123		)	(127		)
Increases related to current year tax positions		693			—			90
Reductions related to settlements with taxing authorities		(847		)	—			—
Reductions related to expiration of the applicable statute of limitations		—			—			—
Balance at December 31,		$	16,883		$	25,965		$	26,088

In addition, we recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense. We recognized $1.2 million, $1.5 million and $1.3 million of income tax expense for interest related to uncertain tax positions for the years ended December 31, 2013, 2012 and 2011, respectively.

Management periodically performs a comprehensive review of our tax positions and accrues amounts for tax contingencies. Based on these reviews, the status of ongoing audits and the expiration of applicable statute of limitations, these accruals are adjusted as necessary. Amounts accrued for these tax matters are included in the table above and long-term liabilities in our consolidated balance sheets. We believe that adequate accruals have been provided for all years.

As previously discussed under Discontinued Operations within Note 1. Nature of Operations and Summary of Significant Accounting Policies, during the year ended December 31, 2013, we reduced our liability for unrecognized tax benefits by $11.2 million related to discontinued operations. During the third quarter of 2013, we concluded that it was 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, resulting in a reduction in the liability of $6.1 million. The remaining $5.1 million reduction in the second quarter of 2013, was the result of application of limits under an available state administrative practice exception.

We are subject to U.S. federal income tax as well as income tax of multiple state jurisdictions. All of our 2010 and subsequent federal and state tax returns remain subject to examination by various tax authorities. Some of our pre-2010 federal and state tax returns may also be subject to examination. We do not anticipate the resolution of these matters will result in a material change to our consolidated financial statements. In addition, we believe it is reasonably possible that our liability for unrecognized tax benefits related to continuing operations could be reduced by up to $8.3 million, in the next twelve months, as a result of expected statute of limitations expirations, the application of limits under available state administrative practice exceptions, and the resolution of examination issues and settlements with federal and certain state tax authorities.

In April, 2013, we entered into a settlement agreement with the Internal Revenue Service’s Appeals Office with respect to our 2006 and 2007 federal income tax returns. There was no material impact on our financial statements as a result of this settlement.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES:	12 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES:	'
COMMITMENTS AND CONTINGENCIES:	'
	10. COMMITMENTS AND CONTINGENCIES:

	Litigation

	We are a party to lawsuits and claims from time to time in the ordinary course of business. Actions currently pending are in various stages and no material 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.

	Operating Leases

	We have entered into operating leases for certain property and equipment under terms ranging from one to 40 years. The rent expense from continuing operations under these leases, as well as certain leases under month-to-month arrangements, for the years ended December 31, 2013, 2012 and 2011 was approximately $10.3 million, $6.7 million and $3.9 million, respectively.

	Future minimum payments under the leases are as follows (in thousands):

	2014	$	13,318
	2015	11,846
	2016	10,924
	2017	10,188
	2018	9,012
	2019 and thereafter	30,959
		$	86,247

	As of December 31, 2013, we had outstanding letters of credit totaling $3.1 million.

	Network Affiliation Agreements

	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 has 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 televisions 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 $8.9 million and $5.6 million of amortization expense has been recorded in the consolidated statement of operations during the years ended December 31, 2013 and 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.

	Changes in the Rules on Television Ownership and Local Marketing Agreements

	Certain of our stations have entered into what have commonly been referred to as local marketing agreements or LMAs. One typical type of LMA is a programming agreement between two separately owned television stations serving the same market, whereby the licensee of one station programs substantial portions of the broadcast day and sells advertising time during such programming segments on the other licensee’s station subject to the latter licensee’s ultimate editorial and other controls. We believe these arrangements allow us to reduce our operating expenses and enhance profitability.

	If we are required to terminate or modify our LMAs, our business could be affected in the following ways:

	Losses on investments. In some cases, we own the non-license assets used by the stations we operate under LMAs. If certain of these LMA arrangements are no longer permitted, we would be forced to sell these assets, restructure our agreements or find another use for them. If this happens, the market for such assets may not be as good as when we purchased them and, therefore, we cannot be certain of a favorable return on our original investments.

	Termination penalties. If the FCC requires us to modify or terminate existing LMAs before the terms of the LMAs expire, or under certain circumstances, we elect not to extend the terms of the LMAs, we may be forced to pay termination penalties under the terms of some of our LMAs. Any such termination penalties could be material.

	The following paragraphs discuss various proceedings relevant to our LMAs.

	In 1999, the FCC established a new local television ownership rule. LMAs fell under this rule, however the rule grandfathered LMAs that were entered into prior to November 5, 1996, and permitted the applicable stations to continue operations pursuant to the LMAs until the conclusion of the FCC’s 2004 biennial review. The FCC stated it would conduct a case-by-case review of grandfathered LMAs and assess the appropriateness of extending the grandfathering periods. The FCC did not initiate any review of grandfathered LMAs in 2004 or as part of its 2006 quadrennial review. We do not know when, or if, the FCC will conduct any such review of grandfathered LMAs. For LMAs executed on or after November 5, 1996, the FCC required compliance with the 1999 local television ownership rule by August 6, 2001. We challenged the 1999 rules in the U.S. Court of Appeals for the D.C. Circuit (D.C. Circuit), resulting in the exclusion of post-November 5, 1996 LMAs from the 1999 rules. In 2002, the D.C. Circuit ruled in Sinclair Broadcast Group, Inc. v. F.C.C., 284 F.3d 114 (D.C. Cir. 2002) that the 1999 local television ownership rule was arbitrary and capricious and sent the rule back to the FCC for further refinement.

	In 2003, the FCC revised its ownership rules, including the local television ownership rule; however the U. S. Court of Appeals for the Third Circuit (Third Circuit) did not enable the 2003 rules to become effective and sent the 2003 rules back to the FCC for further refinement. Due to the court decisions, the FCC concluded the 1999 rules could not be justified as necessary in the public interest and as a result, we took the position that an issue exists regarding whether the FCC has any current legal right to enforce any rules prohibiting the acquisition of television stations. Several parties, including us, filed petitions with the Supreme Court of the United States seeking review of the Third Circuit decision, but the Supreme Court denied the petitions in June 2005.

	In July 2006, the FCC released a Further Notice of Proposed Rule Making seeking comment on how to address the issues raised by the Third Circuit’s decision. In January 2008, the FCC released an order containing ownership rules that re-adopted the 1999 rules. On February 29, 2008, several parties, including us, separately filed petitions for review in a number of federal appellate courts challenging the 1999 rules. Those petitions were consolidated in the U.S. Court of Appeals for the Ninth Circuit (Ninth Circuit) and in November 2008, transferred by the Ninth Circuit to the Third Circuit. On July 7, 2011, the Third Circuit upheld the FCC’s local television ownership rules. On December 5, 2011, we joined with a number of other parties on a Petition for a Writ of Certiorari filed with the Supreme Court requesting that the Court overrule the decision of the Third Circuit. That request remains pending before the Supreme Court.

	On November 15, 1999, we entered into an agreement to acquire WMYA-TV (formerly WBSC-TV) in Anderson, South Carolina from Cunningham Broadcasting Corporation (Cunningham), but that transaction was denied by the FCC. Since none of the FCC rule changes ever became effective, we filed a petition for reconsideration with the FCC and amended our application to acquire the license of WMYA-TV. We also filed applications in November 2003 to acquire the license assets of, at that time, the remaining five Cunningham stations: WRGT-TV, Dayton, Ohio; WTAT-TV, Charleston, South Carolina; WVAH-TV, Charleston, West Virginia; WNUV-TV, Baltimore, Maryland; and WTTE-TV, Columbus, Ohio. Rainbow / PUSH filed a petition to deny these five applications and to revoke all of our licenses. The FCC dismissed our applications and denied the Rainbow / PUSH petition due to the abovementioned 2003 Third Circuit decision. Rainbow / PUSH filed a petition for reconsideration of that denial and we filed an application for review of the dismissal. In 2005, we filed a petition with the D. C. Circuit requesting that the Court direct the FCC to take final action on our applications, but that petition was dismissed. On January 6, 2006, we submitted a motion to the FCC requesting that it take final action on our applications. The applications and the associated petition to deny are still pending. We believe the Rainbow / PUSH petition is without merit. On February 8, 2008, we filed a petition with the D.C. Circuit requesting that the Court direct the FCC to act on our applications and cease its use of the 1999 rules. In July 2008, the D.C. Circuit transferred the case to the Ninth Circuit, and we filed a petition with the D.C. Circuit challenging that decision; however, it was denied. We also filed with the Ninth Circuit a motion to transfer that case back to the D.C. Circuit. In November 2008, the Ninth Circuit consolidated and sent our petition seeking final FCC action on our applications to the Third Circuit. In December 2008, we agreed voluntarily with the parties to our proceeding to dismiss our petition seeking final FCC action on our applications.

	Pending Acquisitions

	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 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 second quarters of 2014, subject to approval of the FCC 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.

RELATED_PERSON_TRANSACTIONS

RELATED PERSON TRANSACTIONS:	12 Months Ended
	Dec. 31, 2013
RELATED PERSON TRANSACTIONS:	'
RELATED PERSON TRANSACTIONS:	'
	11. 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 $5.2 million, $4.7 million and $4.4 million for the years ended December 31, 2013, 2012 and 2011, 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 and $2.2 million for the years ended December 31, 2012 and 2011, respectively. 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 expenses of $0.9 million, $0.6 million and $0.2 million during the years ended December 31, 2013, 2012 and 2011, respectively.

	Capital leases payable related to the aforementioned relationships consisted of the following as of December 31, 2013 and 2012 (in thousands):

		2013			2012
	Capital lease for building, interest at 8.54%	$	6,267		$	7,405
	Capital leases for building and tower, interest at 7.93%	1,106			1,221
	Capital leases for building, interest at 8.11%	8,141			—
	Capital leases for broadcasting tower facilities, interest at 9.0%	860			1,275
	Capital leases for broadcasting tower facilities, interest at 10.5%	4,918			4,990
		21,292			14,891
	Less: Current portion	(2,367		)	(1,704		)
		$	18,925		$	13,187

	Capital leases payable related to the aforementioned relationships as of December 31, 2013 mature as follows (in thousands):

	2014	$	4,388
	2015	4,402
	2016	4,138
	2017	4,102
	2018	1,880
	2019 and thereafter	13,045
	Total minimum payments due	31,955
	Less: Amount representing interest	(10,631		)
		$	21,324

	Cunningham Broadcasting Corporation. As of December 31, 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; WDBB-TV Birmingham, Alabama; WBSF-TV Flint, Michigan; and WGTU-TV/WGTQ-TV Traverse City/Cadillac, Michigan (collectively, the Cunningham Stations) and WYZZ Peoria/Bloomington, IL.

	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 December 31, 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, certain of our stations provide programming, sales and managerial services pursuant to LMAs to seven of their stations: WNUV-TV, WRGT-TV, WVAH-TV, WTAT-TV, WMYA-TV, WTTE-TV, and WDBB-TV (collectively, the Cunningham LMA Stations). Each of these 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 LMA 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 December 31, 2013 was approximately $57.1 million. Additionally, we reimburse 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 with the Cunningham LMA Stations of $9.8 million, $15.7 million and $16.6 million for the years ended December 31, 2013, 2012 and 2011, respectively. For the year ended December 31, 2013, 2012 and 2011, Cunningham LMA Stations provided us with approximately $107.6 million, $105.5 million and $90.3 million, respectively, of total revenue. The financial statements for Cunningham are included in our consolidated financial statements for all periods presented.

	In November 2013, concurrent with our acquisition of the Barrington stations, Cunningham acquired the license related assets of WBSF-TV and WGTU-TV/WGTQ-TV, which was funded by bank debt, for which we have provided a guarantee. We provide certain non-programming related sales, operational and administrative services to these stations pursuant to certain outsourcing agreements. The agreements for WBSF-TV and WGTU-TV/WGTQ-TV expire in November 2021 and August 2015, respectively, and each have renewal provisions for successive eight year periods. Under these arrangements, we earned $0.6 million from the services we perform for these stations. As we consolidate the licensees as VIEs, the amounts we earn under the arrangements are eliminated in consolidation and the gross revenues of the stations are reported within our consolidated statement of operations. For the December 31, 2013, our consolidated revenues include $0.7 million related to these stations.

	Also, concurrent with the Barrington acquisition, we also sold our station, WYZZ (FOX) in Peoria, IL, which currently receives non-programming related sales, operational and administrative services from Nexstar Broadcasting pursuant to certain outsourcing agreements, to Cunningham for $22 million. Although we have no continuing involvement in the operations of this station, because Cunningham is a consolidated VIE and we have a purchase plan option to acquire these assets from Cunningham, the assets of WYZZ were not derecognized and the transaction was accounted for a transaction between parties under common control and thus no gain or loss has been recognized in the consolidated statement of operations

	During October 2013, we purchased the outstanding membership interests of KDBC-TV from Cunningham for $21.2 million, plus a working capital adjustment of $0.2 million. See Other Acquisitions within Note 2. Acquisitions, for further information.

	Atlantic Automotive Corporation. 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 totaling $0.2 million, $0.1 million and $0.2 million during the years ended December 31, 2013, 2012 and 2011, respectively. We paid $1.1 million, $1.8 million and $1.1 million for vehicles and related vehicle services from Atlantic Automotive during the years ended December 31, 2013, 2012 and 2011, respectively. 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. Atlantic Automotive paid $1.0 million in rent during the year ended December 31, 2013.

	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 $0.5 million, $0.3 million and $0.1 million for the years ended December 31, 2013, 2012 and 2011. 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. This investment received $0.2 million in rent pursuant to the lease for the year ended December 31, 2013.

	Thomas & Libowitz, P.A. Steven 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 $1.6 million, $1.0 million and $0.5 million to Thomas & Libowitz during 2013, 2012 and 2011, respectively.

EARNINGS_PER_SHARE

EARNINGS PER SHARE:	12 Months Ended
	Dec. 31, 2013
EARNINGS PER SHARE:	'
EARNINGS PER SHARE:	'
	12. EARNINGS PER SHARE:

	The following table reconciles income (numerator) and shares (denominator) used in our computations of earnings per share for the years ended December 31, 2013, 2012 and 2011 (in thousands):

		2013			2012			2011
	Income (Numerator)
	Income from continuing operations	$	64,259		$	144,488		$	76,588
	Income impact of assumed conversion of the 4.875% Notes, net of taxes	—			180			180
	Net (income) attributable to noncontrolling interests included in continuing operations	(2,349		)	(287		)	(379		)
	Numerator for diluted earnings per common share from continuing operations available to common shareholders	61,910			144,381			76,389
	Income (loss) from discontinued operations, net of taxes	11,558			465			(411		)
	Numerator for diluted earnings available to common shareholders	$	73,468		$	144,846		$	75,978

	Shares (Denominator)
	Weighted-average common shares outstanding	93,207			81,020			80,217
	Dilutive effect of outstanding stock settled appreciation rights, restricted stock awards and stock options	638			36			61
	Dilutive effect of 4.875% Notes	—			254			254
	Weighted-average common and common equivalent shares outstanding	93,845			81,310			80,532

	Potentially dilutive securities representing zero shares, 1.5 million and 1.1 million shares of common stock for the years ended December 31, 2013, 2012 and 2011, respectively, were excluded from the computation of diluted earnings (loss) per common share for these periods because their effect would have been antidilutive. The decrease in 2013 compared to 2012 of potentially dilutive securities is primarily related to the increase of stock price in 2013. The increase in 2012 compared to 2011 of potentially dilutive securities is primarily related to the issuance of new stock settled appreciation rights in 2012. The net earnings per share amounts are the same for Class A and Class B Common Stock because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.

SEGMENT_DATA

SEGMENT DATA:	12 Months Ended
	Dec. 31, 2013
SEGMENT DATA:	'
SEGMENT DATA:	'
	13. SEGMENT DATA:

	We measure segment performance based on operating income (loss). Excluding discontinued operations, our broadcast segment includes stations in 71 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 years ended 2013 and 2012. Our other operating divisions primarily consist of sign design and fabrication; regional security alarm operating and bulk acquisitions; manufacturing and service of broadcast antennas and transmitters 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. Other Operating Divisions and Corporate are not reportable segments but are included for reconciliation purposes. We had approximately $171.9 million and $171.2 million of intercompany loans between the broadcast segment, other operating divisions and corporate as of December 31, 2013 and 2012, respectively. We had $20.0 million in intercompany interest expense related to intercompany loans between the broadcast segment, other operating divisions and corporate for the both years ended December 31, 2013, and 2012, and $19.7 million in interest expense in 2011. All other intercompany transactions are immaterial.

	Financial information for our operating segments is included in the following tables for the years ended December 31, 2013, 2012 and 2011 (in thousands):

	For the year ended December 31, 2013	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	1,306,187	$	56,944		$	—		$	1,363,131
	Depreciation of property and equipment	67,320		1,891			1,343			70,554
	Amortization of definite-lived intangible assets and other assets	65,786		5,034			—			70,820
	Amortization of program contract costs and net realizable value adjustments	80,925		—			—			80,925
	General and administrative overhead expenses	47,272		1,350			4,504			53,126
	Operating income (loss)	329,312		555			(5,847		)	324,020
	Interest expense	—		3,251			159,686			162,937
	Income from equity and cost method investments	—		621			—			621
	Goodwill	1,376,594		3,488			—			1,380,082
	Assets	3,493,603		294,921			376,726			4,165,250
	Capital expenditures	37,665		4,994			2,700			45,359


	For the year ended December 31, 2012	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	1,007,498	$	54,181		$	—		$	1,061,679
	Depreciation of property and equipment	44,054		1,496			1,523			47,073
	Amortization of definite-lived intangible assets and other assets	33,701		4,398			—			38,099
	Amortization of program contract costs and net realizable value adjustments	60,990		—			—			60,990
	General and administrative overhead expenses	28,854		1,697			2,840			33,391
	Operating income (loss)	333,164		491			(4,377		)	329,278
	Interest expense	—		3,282			125,271			128,553
	Income from equity and cost method investments	—		9,670			—			9,670
	Goodwill	1,070,544		3,488			—			1,074,032
	Assets	2,436,537		284,583			8,577			2,729,697
	Capital expenditures	35,161		2,341			6,484			43,986


	For the year ended December 31, 2011	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	720,775	$	44,513		$	—		$	765,288
	Depreciation of property and equipment	29,929		1,323			1,622			32,874
	Amortization of definite-lived intangible assets and other assets	14,643		3,586			—			18,229
	Amortization of program contract costs and net realizable value adjustments	52,079		—			—			52,079
	Impairment of goodwill, intangible and other assets	398		—			—			398
	General and administrative overhead expenses	24,760		1,158			2,392			28,310
	Operating income (loss)	230,679		(1,041		)	(4,018		)	225,620
	Interest expense	—		2,528			103,600			106,128
	Income from equity and cost method investments	—		3,269			—			3,269

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS:	12 Months Ended
	Dec. 31, 2013
FAIR VALUE MEASUREMENTS:	'
FAIR VALUE MEASUREMENTS:	'
	14. 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, debentures, program contracts payable and non-cancelable programming commitments as of December 31, 2013 and 2012 were as follows (in thousands):

		2013				2012
		Carrying Value		Fair Value		Carrying Value		Fair Value
	Level 2:
	9.25% Senior Second Lien Notes due 2017	$	—	$	—	$	490,517	$	552,500
	8.375% Senior Notes due 2018	235,225		259,547		234,853		265,886
	6.375% Senior Unsecured Notes due 2021	350,000		360,938		—		—
	6.125% Senior Unsecured Notes due 2022	500,000		497,525		500,000		533,125
	5.375% Senior Unsecured Notes due 2021	600,000		582,078		—		—
	Term Loan A	500,000		495,000		263,875		262,556
	Term Loan B	642,734		641,205		580,850		589,125
	Debt of variable interest entities	55,581		55,581		19,950		19,950
	Debt of other operating divisions	86,263		86,263		65,666		65,666


	Not included in the table above are the fair values and carrying values for our 4.875% Notes and 3.0% Notes as of 2012, which we believe their fair values approximate their carrying values based on discounted cash flows using Level 3 inputs described above. The 4.875% Notes and 3.0% Notes were redeemed in full during 2013.

	Additionally, Cunningham, one of our consolidated VIEs has certain investments in securities that are recorded at fair value using Level 1 inputs described above. As of December 31, 2013 and 2012, $18.1 million and $6.4 million were included in other assets in our consolidated balance sheets.

CONDENSED_CONSOLIDATED_FINANCI

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:	12 Months Ended
	Dec. 31, 2013
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:	'
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:	'
	15. CONDENSED CONSOLIDATED 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, 6.125% Notes, 8.375% Notes, and 6.375% Notes (issued October 2013). Our Class A Common Stock and Class B Common Stock as of December 31, 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, 6.125% Notes, 8.375% Notes, and 6.375% Notes. 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 consolidated balance sheets, consolidated statements of operations and consolidated 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 CONSOLIDATED BALANCE SHEET
	AS OF DECEMBER 31, 2013
	(In thousands)

			Sinclair			Sinclair			Guarantor			Non-Guarantor			Eliminations			Sinclair
			Broadcast			Television			Subsidiaries			Subsidiaries						Consolidated
			Group, Inc.			Group, Inc.			and KDSM,
									LLC
	Cash		$	—		$	237,974		$	28,594		$	13,536		$	—		$	280,104
	Accounts and other receivables		59			818			281,822			27,479			(1,022		)	309,156
	Other current assets		5,500			25,887			67,279			16,391			(6,446		)	108,611
	Total current assets		5,559			264,679			377,695			57,406			(7,468		)	697,871

	Property and equipment, net		5,017			13,561			454,917			130,019			(7,443		)	596,071

	Investment in consolidated subsidiaries		363,231			2,508,058			4,179			—			(2,875,468		)	—
	Restricted cash — long term		—			11,524			223			—			—			11,747
	Other long-term assets		78,849			503,674			62,435			132,840			(544,881		)	232,917
	Total other long-term assets		442,080			3,023,256			66,837			132,840			(3,420,349		)	244,664

	Goodwill and other intangible assets		—			—			2,486,794			214,325			(92,253		)	2,608,866

	Total assets		$	452,656		$	3,301,496		$	3,386,243		$	534,590		$	(3,527,513	)	$	4,147,472

	Accounts payable and accrued liabilities		$	234		$	51,781		$	126,245		$	17,914		$	—		$	196,174
	Current portion of long-term debt		556			37,335			1,007			7,448			—			46,346
	Current portion of affiliate long-term debt		1,294			—			1,073			1,003			(1,003		)	2,367
	Other current liabilities		3,529			—			87,612			9,645			(2,292		)	98,494
	Total current liabilities		5,613			89,116			215,937			36,010			(3,295		)	343,381

	Long-term debt		529			2,793,334			35,709			136,830			—			2,966,402
	Affiliate long-term debt		4,972			—			13,984			294,919			(294,950		)	18,925
	Other liabilities		45,172			23,645			610,491			145,828			(412,076		)	413,060
	Total liabilities		56,286			2,906,095			876,121			613,587			(710,321		)	3,741,768

	Total Sinclair Broadcast Group equity (deficit)		396,370			395,401			2,510,122			(88,331		)	(2,817,192		)	396,370
	Noncontrolling interests in consolidated subsidiaries		—			—			—			9,334			—			9,334
	Total liabilities and equity (deficit)		$	452,656		$	3,301,496		$	3,386,243		$	534,590		$	(3,527,513	)	$	4,147,472

	CONDENSED CONSOLIDATED 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 CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER 31, 2013
(In thousands)

		Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
		Broadcast			Television			Subsidiaries			Guarantor						Consolidated
		Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
								LLC
Net revenue		$	—		$	—		$	1,296,736		$	123,017		$	(56,622	)	$	1,363,131

Program and production		15			357			391,410			50,950			(57,628		)	385,104
Selling, general and administrative		3,733			48,363			241,548			9,132			82			302,858
Depreciation, amortization and other operating expenses		1,307			3,105			275,889			71,319			(471		)	351,149
Total operating expenses		5,055			51,825			908,847			131,401			(58,017		)	1,039,111

Operating (loss) income		(5,055		)	(51,825		)	387,889			(8,384		)	1,395			324,020

Equity in earnings of consolidated subsidiaries		97,138			309,388			1,009			—			(407,535		)	—
Interest expense		(1,083		)	(152,174		)	(4,965		)	(25,624		)	20,909			(162,937		)
Other income (expense)		4,633			(59,033		)	245			5,361			(6,781		)	(55,575		)
Total other (expense) income		100,688			98,181			(3,711		)	(20,263		)	(393,407		)	(218,512		)

Income tax benefit		(22,165		)	47,645			(73,266		)	2,637			3,900			(41,249		)
Income from discontinued operations, net of taxes		—			11,063			495			—			—			11,558
Net income (loss)		73,468			105,064			311,407			(26,010		)	(388,112		)	75,817
Net loss attributable to the noncontrolling interests		—			—			—			(2,349		)	—			(2,349		)
Net income (loss) attributable to Sinclair Broadcast Group		$	73,468		$	105,064		$	311,407		$	(28,359	)	$	(388,112	)	$	73,468
Comprehensive income		$	78,257		$	107,243		$	311,407		$	(28,098	)	$	(390,552	)	$	78,257

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER 31, 2012
(In thousands)

		Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
		Broadcast			Television			Subsidiaries			Guarantor						Consolidated
		Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
								LLC
Net revenue		$	—		$	—		$	1,008,146		$	64,909		$	(11,376	)	$	1,061,679

Program and production		—			322			263,802			1,400			(9,968		)	255,556
Selling, general and administrative		2,853			28,762			168,540			6,082			(1,567		)	204,670
Depreciation, amortization and other operating expenses		1,523			1,890			213,681			55,802			(728		)	272,168
Total operating expenses		4,376			30,974			646,023			63,284			(12,263		)	732,394

Operating (loss) income		(4,376		)	(30,974		)	362,123			1,625			887			329,285

Equity in earnings (losses) of consolidated subsidiaries		144,620			194,686			(123		)	—			(339,183		)	—
Interest expense		(1,317		)	(118,491		)	(4,840		)	(24,780		)	20,875			(128,553		)
Other income (expense)		5,245			38,677			(39,781		)	8,690			(1,223		)	11,608
Total other (expense) income		148,548			114,872			(44,744		)	(16,090		)	(319,531		)	(116,945		)

Income tax benefit		494			41,709			(118,519		)	8,464			—			(67,852		)
Loss from discontinued operations, net of taxes		—			(269		)	734			—			—			465
Net (loss) income		144,666			125,338			199,594			(6,001		)	(318,644		)	144,953
Net loss attributable to the noncontrolling interests		—			—			—			(287		)	—			(287		)
Net (loss) income attributable to Sinclair Broadcast Group		$	144,666		$	125,338		$	199,594		$	(6,288	)	$	(318,644	)	$	144,666
Comprehensive income		$	144,808		$	125,193		$	199,594		$	(6,288	)	$	(318,499	)	$	144,808

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER 31, 2011
(In thousands)

		Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
		Broadcast			Television			Subsidiaries			Guarantor						Consolidated
		Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
								LLC
Net revenue		$	—		$	—		$	721,936		$	52,295		$	(8,943	)	$	765,288

Program and production		—			1,298			185,038			338			(8,062		)	178,612
Selling, general and administrative		2,396			25,160			121,391			3,765			(464		)	152,248
Depreciation, amortization and other operating expenses		1,622			688			160,414			46,618			(552		)	208,790
Total operating expenses		4,018			27,146			466,843			50,721			(9,078		)	539,650

Operating (loss) income		(4,018		)	(27,146		)	255,093			1,574			135			225,638

Equity in earnings of consolidated subsidiaries		83,354			134,996			—			—			(218,350		)	—
Interest expense		(3,285		)	(94,556		)	(4,931		)	(23,978		)	20,622			(106,128		)
Gain on Sales of Securities		—			—			—			391			(391		)	—
Other income (expense)		1,781			35,255			(36,160		)	1,560			(573		)	1,863
Total other income (expense)		81,850			75,695			(41,091		)	(22,027		)	(198,692		)	(104,265		)

Income tax (provision) benefit		(2,034		)	29,783			(75,449		)	2,915			—			(44,785		)
Loss from discontinued operations, net of taxes		—			(411		)	—			—			—			(411		)
Net income (loss)		75,798			77,921			138,553			(17,538		)	(198,557		)	76,177
Net loss attributable to the noncontrolling interests		—			—			—			(379		)	—			(379		)
Net income (loss) attributable to Sinclair Broadcast Group		$	75,798		$	77,921		$	138,553		$	(17,917	)	$	(198,557	)	$	75,798
Comprehensive income		$	75,243		$	76,987		$	138,553		$	(17,917	)	$	(197,623	)	$	75,243

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2013
(In thousands)

		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		$	(37,107	)	$	(264,925	)	$	444,680		$	(40,414	)	$	58,343		$	160,577
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
Acquisition of property and equipment		—			(2,700		)	(35,659		)	(5,029		)	—			(43,388		)
Payments for acquisitions of television stations		—			—			(998,664		)	(50,480		)	43,000			(1,006,144		)
Proceeds from the sale of broadcast assets		—			—			71,738			21,000			(43,000		)	49,738
Payments for acquisitions of assets of other operating divisions		—			—			—			(4,650		)	—			(4,650		)
Purchase of alarm monitoring contracts		—			—			—			(23,721		)	—			(23,721		)
(Increase) decrease in restricted cash		—			(11,522		)	—			—			—			(11,522		)
Investments in equity and cost method investees		1,655			—			—			3,603			—			5,258
Distributions from equity and cost method investees		—			—			—			(10,767		)	—			(10,767		)
Investment in marketable securities		—			—			—			(696		)	(10,908		)	(11,604		)
Other, net		(7		)	—			50			5,516			—			5,559
Net cash flows (used in) from investing activities		1,648			(14,222		)	(962,535		)	(65,224		)	(10,908		)	(1,051,241		)

CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Proceeds from notes payable, commercial bank financing and capital leases		—			2,189,753			—			88,540			—			2,278,293
Repayments of notes payable, commercial bank financing and capital leases		(482		)	(1,473,898		)	(1,069		)	(34,311		)	—			(1,509,760		)
Proceeds from the sale of Class A Common Stock		472,913			—			—			—			—			472,913
Dividends paid on Class A and Class B common stock		(56,767		)	—			—			—			—			(56,767		)
Payments for deferred financing costs		—			(27,724		)	—			—			—			(27,724		)
Noncontrolling interest distributions (contributions)		—			—			—			(10,256		)	—			(10,256		)
Increase (decrease) in intercompany payables		(371,331		)	(178,240		)	548,139			59,765			(58,333		)	—
Other, net		(8,874		)	—			(820		)	—			10,898			1,204
Net cash flows from (used in) financing activities		35,459			509,891			546,250			103,738			(47,435		)	1,147,903

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		—			230,744			28,395			(1,900		)	—			257,239
CASH AND CASH EQUIVALENTS, beginning of period		—			7,230			199			15,436			—			22,865
CASH AND CASH EQUIVALENTS, end of period		$	—		$	237,974		$	28,594		$	13,536		$	—		$	280,104

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2012
(In thousands)

		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		$	(4,038	)	$	(56,760	)	$	282,446		$	12,999		$	2,828		$	237,475
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
Acquisition of property and equipment		396			(4,057		)	(37,635		)	(2,690		)	—			(43,986		)
Payments for acquisitions of television stations		—			(1,127,848		)	—			(18,200		)	10,700			(1,135,348		)
Purchase of alarm monitoring contracts		—			—			—			(12,454		)	—			(12,454		)
Decrease (increase) in restricted cash		—			58,501						—			—			58,501
Distributions from investments		836			—			—			8,754			—			9,590
Investments in equity and cost method investees		(2,000		)	—			—			(22,052		)	—			(24,052		)
Investment in debt securities		—			—			—			(1,493		)	—			(1,493		)
Proceeds from sale of assets		—			10,700			10			—			(10,700		)	10
Other, net		(94		)	—			42			—			—			(52		)
Net cash flows (used in) from investing activities		(862		)	(1,062,704		)	(37,583		)	(48,135		)	—			(1,149,284		)

CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Proceeds from notes payable, commercial bank financing and capital leases		—			1,201,275			—			45,980			—			1,247,255
Repayments of notes payable, commercial bank financing and capital leases		(419		)	(154,989		)	(586		)	(23,362		)	—			(179,356		)
Proceeds from share based awards		391			—			—			—			—			391
Dividends paid on Class A and Class B Common Stock		(125,100		)	—			—			—			1,248			(123,852		)
Payments for deferred financing costs		—			(17,660		)	—			(1,047		)	—			(18,707		)
Noncontrolling interest distributions (contributions)		—			—			—			(1,142		)	—			(1,142		)
Repayments of notes and capital leases to affiliates		(998		)	—			(1,884		)	—			—			(2,882		)
Increase (decrease) in intercompany payables		131,026			97,880			(242,507		)	17,677			(4,076		)	—
Net cash flows from (used in) financing activities		4,900			1,126,506			(244,977		)	38,106			(2,828		)	921,707

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		—			7,042			(114		)	2,970			—			9,898
CASH AND CASH EQUIVALENTS, beginning of period		—			188			313			12,466			—			12,967
CASH AND CASH EQUIVALENTS, end of period		$	—		$	7,230		$	199		$	15,436		$	—		$	22,865

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2011
(In thousands)

		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		$	(10,424	)	$	(65,150	)	$	225,516		$	704		$	(2,133	)	$	148,513
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:
Acquisition of property and equipment		—			(3,503		)	(30,950		)	(1,382		)	—			(35,835		)
Purchase of alarm monitoring contracts		—			—			—			(8,850		)	—			(8,850		)
Increase in restricted cash		—			(53,445		)	—			—			—			(53,445		)
Distributions from investments		—			—			—			3,798			—			3,798
Investments in equity and cost method investees		(4,000		)	—			—			(7,577		)	—			(11,577		)
Investment in debt securities		—			—			—			(4,911		)	—			(4,911		)
Payments for acquisitions of assets of other operating divisions		—			—			—			(3,072		)	—			(3,072		)
Proceeds from sale of assets		—			—			59			10			—			69
Proceeds from sale of securities		—			—			—			1,808			(1,808		)	—
Proceeds from insurance settlement		—			—			1,739			—			—			1,739
Loans to affiliates		(194		)	(212		)	—			—			—			(406		)
Proceeds from loans to affiliates		199			—			—			43			—			242
Net cash flows used in investing activities		(3,995		)	(57,160		)	(29,152		)	(20,133		)	(1,808		)	(112,248		)

CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Proceeds from notes payable, commercial bank financing and capital leases		—			136,719			—			15,014			—			151,733
Repayments of notes payable, commercial bank financing and capital leases		(57,120		)	(70,234		)	(432		)	(22,661		)	—			(150,447		)
Proceeds from share based awards		1,794			—			—			—			—			1,794
Purchase of subsidiary shares from noncontrolling interests		—			—			—			(2,501		)	—			(2,501		)
Dividends paid on Class A and Class B Common Stock		(38,820		)	—			—			—			464			(38,356		)
Payments for deferred financing costs		—			(5,417		)	—			(66		)	—			(5,483		)
Proceeds from Class A Common Stock sold by variable interest entity		—			—			—			—			1,808			1,808
Noncontrolling interest distributions		—			—			—			(610		)	—			(610		)
Repayments of notes and capital leases to affiliates		(869		)	—			(2,341		)	—			—			(3,210		)
Increase (decrease) in intercompany payables		109,434			56,359			(194,300		)	26,838			1,669			—
Net cash flows from (used in) financing activities		14,419			117,427			(197,073		)	16,014			3,941			(45,272		)

NET DECREASE IN CASH AND CASH EQUIVALENTS		—			(4,883		)	(709		)	(3,415		)	—			(9,007		)
CASH AND CASH EQUIVALENTS, beginning of period		—			5,071			1,022			15,881			—			21,974
CASH AND CASH EQUIVALENTS, end of period		$	—		$	188		$	313		$	12,466		$	—		$	12,967

QUARTERLY_FINANCIAL_INFORMATIO

QUARTERLY FINANCIAL INFORMATION (UNAUDITED):	12 Months Ended
QUARTERLY FINANCIAL INFORMATION (UNAUDITED):	Dec. 31, 2013
QUARTERLY FINANCIAL INFORMATION (UNAUDITED):	'
QUARTERLY FINANCIAL INFORMATION (UNAUDITED):	'
	QUARTERLY FINANCIAL INFORMATION (UNAUDITED):

	(in thousands, except per share data)

		For the Quarter Ended
		3/31/13			6/30/13			9/30/13			12/31/13
	Total revenues, net	$	282,618		$	314,154		$	338,644		$	427,715
	Operating income	$	63,656		$	84,280		$	72,798		$	103,286
	Income from continuing operations	$	16,515		$	12,956		$	30,551		$	4,237
	Income from discontinued operations	$	355		$	5,103		$	6,100		$	—
	Net income attributable to Sinclair Broadcast Group	$	16,997		$	17,826		$	36,342		$	2,303
	Basic earnings per common share from continuing operations attributable to Sinclair Broadcast Group	$	0.2		$	0.14		$	0.3		$	0.02
	Basic earnings per common share attributable to Sinclair Broadcast Group	$	0.21		$	0.19		$	0.37		$	0.02
	Diluted earnings per common share from continuing operations attributable to Sinclair Broadcast Group	$	0.2		$	0.14		$	0.3		$	0.02
	Diluted earnings per common share attributable to Sinclair Broadcast Group	$	0.21		$	0.19		$	0.36		$	0.02

		For the Quarter Ended
		3/31/12			6/30/12			9/30/12			12/31/12
	Total revenues, net	$	222,375		$	251,074		$	258,713		$	329,517
	Operating income	$	59,895		$	71,887		$	78,399		$	119,097
	Income from continuing operations	$	29,126		$	30,131		$	26,479		$	58,752
	(Loss) income from discontinued operations	$	(51	)	$	(1	)	$	(126	)	$	643
	Net income attributable to Sinclair Broadcast Group	$	29,360		$	30,058		$	26,246		$	59,002
	Basic earnings per common share from continuing operations attributable to Sinclair Broadcast Group	$	0.36		$	0.37		$	0.33		$	0.72
	Basic earnings per common share attributable to Sinclair Broadcast Group	$	0.36		$	0.37		$	0.33		$	0.73
	Diluted earnings per common share from continuing operations attributable to Sinclair Broadcast Group	$	0.36		$	0.37		$	0.33		$	0.72
	Diluted earnings per common share attributable to Sinclair Broadcast Group	$	0.36		$	0.37		$	0.32		$	0.73

NATURE_OF_OPERATIONS_AND_SUMMA1

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Policies)	12 Months Ended
	Dec. 31, 2013
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	'
Nature of operations	'
	Nature of Operations

	Sinclair Broadcast Group, Inc. is a diversified television broadcasting company that owns or provides certain programming, operating or sales services to television stations pursuant to broadcasting licenses that are granted by the Federal Communication Commission (the FCC or Commission). We owned and provided programming and operating services pursuant to local marketing agreements (LMAs) or provided or were provided sales services pursuant to outsourcing agreements to 149 television stations in 71 markets, as of December 31, 2013. For the purpose of this report, these 149 stations are referred to as “our” stations.

	Our broadcast group is a single reportable segment for accounting purposes and includes the following network affiliations: FOX (39 stations); CBS (25 stations); ABC (19 stations); NBC (16 stations); The CW (23 stations); MyNetworkTV (20 stations; not a network affiliation; however, it is branded as such); Univision (5 stations), Azteca (1 station) and one independent station. In addition, certain stations broadcast programming on second and third digital signals through network affiliation or program service arrangements with CBS, ABC, and NBC (certain signals are rebroadcasted content from other primary channels within the same market), FOX, The CW, MyNetworkTV, This TV, ME TV, Weather Radar, Weather Nation, Live Well Network, Antenna TV, Bounce Network, Zuus Country Network, Retro TV, Estrella TV, MundoFox, Tele-Romantica, Inmigrante TV, Azteca and Telemundo.

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 interest 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 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 recently acquired in the second quarter of 2012 in connection with the acquisition of the television stations from Freedom Communications (Freedom). WLWC-TV was recently 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 year ended December 31, 2013. Total revenues for WLAJ-TV and WLWC-TV, which are included in discontinued operations for the year ending December 31, 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 year ending December 31, 2012, are $3.7 million and $6.3 million, respectively. Total income before taxes for WLAJ-TV and WLWC-TV, which are included in discontinued operations for the year ending December 31, 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 year ending December 31, 2012, are $0.9 million and $0.2 million, respectively. The resulting gain on the sale of these stations in 2013 was negligible.

	Additionally, we recognized a $11.2 million income tax benefit during the year ended December 31, 2013, attributable to the adjustment of certain liabilities for unrecognized tax benefits related to discontinued operations. See Note 9. Income Taxes for further information.

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 are non-recourse to us except for certain debt of VIEs which we guarantee. See Note 6. Notes Payable and Commercial Bank Financing for more information.

	We have entered into LMAs to provide programming, sales and managerial services for seven television stations of Cunningham Broadcasting Company (Cunningham), the license owner of these television stations as of December 31, 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 these television stations which includes the FCC license and certain other assets used to operate the station (License Assets). Our applications to acquire these FCC license related assets are pending FCC approval. We also perform sales and other non-programming support services to two other stations owned by Cunningham (acquired in November 2013) pursuant to joint sales agreements (JSAs) and shared services agreements (SSAs). We have purchase options to acquire the license assets of these stations. We own the majority of the non-license assets of these nine Cunningham stations and we have guaranteed the debt of Cunningham. We have determined that Cunningham and these nine stations are VIEs and that based on the terms of the agreements, the significance of our investment in the stations and our guarantee of the debt of Cunningham, 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 services we provide pursuant to the LMAs, and other outsourcing agreements, and we absorb losses and returns that would be considered significant to Cunningham. See Note 11. Related Person Transactions for more information on our arrangements with Cunningham. Included in the accompanying consolidated statements of operations for the years ended December 31, 2013, 2012 and 2011 are net revenues of $107.6 million, $105.5 million and $90.3 million, respectively, which relates to LMAs with Cunningham.

	We have certain outsourcing agreements, including certain joint sales and shared services agreements, with certain other license owners, under which we provide certain non-programming related sales, operational and administrative services. The terms of the agreements vary, but generally have initial terms of over five years with several optional renewal terms. We own the majority of the non-license assets of these stations and in certain cases have guaranteed the debt of licensee (see Note 6. Notes Payable and Commercial Bank Financing). We also have purchase options to buy the assets of the licensees. We have determined that these licensees (18 and 10 licensees as of December 31, 2013 and 2012) 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 years ended December 31, 2013, 2012 and 2011 are net revenues of $128.2 million, $49.1 million and $11.9 million, respectively which relates 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 as of December 31, 2013 and 2012 were as follows (in thousands):

		2013			2012
	ASSETS
	CURRENT ASSETS:
	Cash and cash equivalents	$	4,916		$	3,805
	Accounts receivable	18,468			110
	Current portion of program contract costs	10,725			6,113
	Prepaid expenses and other current assets	247			218
	Total current asset	34,356			10,246

	PROGRAM CONTRACT COSTS, less current portion	5,075			1,484
	PROPERTY AND EQUIPMENT, net	11,081			10,806
	GOODWILL	6,357			6,357
	BROADCAST LICENSES	16,768			14,927
	DEFINITE-LIVED INTANGIBLE ASSETS, net	97,496			51,368
	OTHER ASSETS	22,935			12,723
	Total assets	$	194,068		$	107,911
	LIABILITIES
	CURRENT LIABILITIES:
	Accounts payable	$	86		$	15
	Accrued liabilities	2,536			186
	Current portion of notes payable, capital leases and commercial bank financing	5,731			2,123
	Current portion of program contracts payable	11,552			8,991
	Total current liabilities	19,905			11,315

	LONG-TERM LIABILITIES:
	Notes payable, capital leases and commercial bank financing, less current portion	49,850			20,238
	Program contracts payable, less current portion	6,597			2,080
	Long term liabilities	10,838			—
	Total liabilities	$	87,190		$	33,633

	The amounts above represent the consolidated assets and liabilities of the VIEs described 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 LMA 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 payment made under these LMAs as of December 31, 2013 and 2012, which are excluded from liabilities above, were $32.4 million and $29.8 million, respectively. The total capital lease assets excluded from above were $11.2 million and $11.7 million, respectively for the years ended December 31, 2013 and 2012, respectively. During the year ended December 31, 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 certain outsourcing agreements and purchase options with certain VIEs totaling $59.9 million and $36.2 million as of December 31, 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 year ended December 31, 2012 are net broadcast revenues of $10.0 million and station production expenses of $7.8 million related to the Freedom LMAs, and for the year ended December 31, 2011 are net revenues of $10.8 million and station production expenses of $7.7 million related to the Four Points and Freedom LMAs.

	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 as of December 31, 2013 and 2012 was $26.7 million and $31.0 million, respectively, which are included in other assets in the consolidated balance sheets. Our maximum exposure is equal to the carrying value of our investments. 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 $2.1 million, $6.4 million and $2.8 million for the years ended December 31, 2013, 2012 and 2011, respectively, related to these investments.

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.

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 did 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 do not expect this guidance to have a material impact on our financial statements.

Cash and Cash Equivalents	'
	Cash and Cash Equivalents

	We consider all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.

Restricted Cash	'
	Restricted Cash

	Under the terms of certain lease agreements, as of December 31, 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.

	Additionally, during 2013, we entered into definitive agreements to purchase the assets of pending acquisitions. We were required to deposit 10% of the purchase price for each acquisition into an escrow account. As of December 31, 2013, we held $11.4 million in restricted cash classified as noncurrent related to the amount held in escrow for these acquisitions.

Accounts Receivable	'
	Accounts Receivable

	Management regularly reviews accounts receivable and determines an appropriate estimate for the allowance for doubtful accounts based upon the impact of economic conditions on the merchant’s ability to pay, past collection experience and such other factors which, in management’s judgment, deserve current recognition. In turn, a provision is charged against earnings in order to maintain the appropriate allowance level.

	A rollforward of the allowance for doubtful accounts for the years ended December 31, 2013, 2012 and 2011 is as follows (in thousands):

		2013			2012			2011
	Balance at beginning of period	$	3,091		$	3,008		$	3,242
	Charged to expense	1,802			1,141			751
	Net write-offs	(1,514		)	(1,058		)	(985		)
	Balance at end of period	$	3,379		$	3,091		$	3,008

Programming	'
	Programming

	We have agreements with distributors for the rights to television programming over contract periods, which generally run from one to seven years. Contract payments are made in installments over terms that are generally equal to or shorter than the contract period. Pursuant to accounting guidance for the broadcasting industry, an asset and a liability for the rights acquired and obligations incurred under a license agreement are reported on the balance sheet where the cost of each program is known or reasonably determinable, the program material has been accepted by the licensee in accordance with the conditions of the license agreement and the program is available for its first showing or telecast. The portion of program contracts which becomes payable within one year is reflected as a current liability in the accompanying consolidated balance sheets.

	The rights to this programming are reflected in the accompanying consolidated balance sheets at the lower of unamortized cost or estimated net realizable value. With the exception of one-year contracts amortization of program contract costs is computed using either a four-year accelerated method or based on usage, whichever method results in the earliest recognition of amortization for each program. Program contract costs are amortized on a straight-line basis for one-year contracts. Program contract costs estimated by management to be amortized in the succeeding year are classified as current assets. Payments of program contract liabilities are typically made on a scheduled basis and are not affected by adjustments for amortization or estimated net realizable value.

	Estimated net realizable values are based on management’s expectation of future advertising revenues, net of sales commissions, to be generated by the program material. We perform a net realizable value calculation quarterly for each of our program contract costs in accordance with FASB guidance on Financial Reporting for Broadcasters. We utilize sales information to estimate the future revenue of each commitment and measure that amount against the commitment. If the estimated future revenue is less than the amount of the commitment, a loss is recorded in amortization of program contract costs and net realizable value adjustments in the consolidated statements of operations.

Barter Arrangements	'
	Barter Arrangements

	Certain program contracts provide for the exchange of advertising airtime in lieu of cash payments for the rights to such programming. The revenues realized from station barter arrangements are recorded as the programs are aired at the estimated fair value of the advertising airtime given in exchange for the program rights. Program service arrangements are accounted for as station barter arrangements, however, network affiliation programming is excluded from these calculations. Revenues are recorded as revenues realized from station barter arrangements and the corresponding expenses are recorded as expenses recognized from station barter arrangements.

	We broadcast certain customers’ advertising in exchange for equipment, merchandise and services. The estimated fair value of the equipment, merchandise or services received is recorded as deferred barter costs and the corresponding obligation to broadcast advertising is recorded as deferred barter revenues. The deferred barter costs are expensed or capitalized as they are used, consumed or received and are included in station production expenses and station selling, general and administrative expenses, as applicable. Deferred barter revenues are recognized as the related advertising is aired and are recorded in revenues realized from station barter arrangements.

Other Assets	'
	Other Assets

	Other assets as of December 31, 2013 and 2012 consisted of the following (in thousands):

		2013			2012
	Equity and cost method investments	$	98,385		$	94,924
	Unamortized costs related to debt issuances	46,150			40,260
	Other	63,674			54,800
	Total other assets	$	208,209		$	189,984

	We have equity and cost method investments primarily in private investment funds and real estate ventures. In the event that one or more of our investments are significant, we are required to disclose summarized financial information. For the years ended December 31, 2013, 2012, and 2011, none of our investments were significant individually or in the aggregate.

	As of December 31, 2013 and 2012, our unfunded commitments related to private equity investment funds totaled $17.0 million and $8.9 million, respectively.

	When factors indicate that there may be a decrease in value of an equity or cost method investment, we assess whether a loss in value has occurred related to the investment. If that loss is deemed to be other than temporary, an impairment loss is recorded accordingly. For any investments that indicate a potential impairment, we estimate the fair values of those investments using discounted cash flow models, unrelated third party valuations or industry comparables, based on the various facts available to us. For the year ended December 31, 2011 we recorded no impairments. For the year ended December 31, 2012, we recorded impairments of $1.3 million related to two of our investments. For the year ended December 31, 2013, we recorded impairments of $0.6 million related to two of our investments. The impairments are recorded in the income (loss) from equity and cost method investees in our consolidated statement of operations.

	Unamortized costs related to debt issuances represent direct costs incurred to obtain long-term financing and are amortized to interest expense over the term of the related debt using the effective interest method. Previously capitalized debt financing costs are expensed and included in loss on extinguishment of debt if we determine that there has been a substantial modification of the related debt.

	The increase in other, in the table above, in 2013 was primarily due to acquisitions of marketable securities by our consolidated variable interest entities.

Impairment of Intangible and Long-Lived Assets	'
	Impairment of Intangible and Long-Lived Assets

	We assess annually, in the fourth quarter, whether goodwill and indefinite-lived intangible assets are impaired. Additionally, impairment assessments may be performed on an interim basis when events or changes in circumstances indicate that impairment potentially exists. We aggregate our stations by market for purposes of our goodwill and license impairment testing. We believe that our markets are most representative of our broadcast reporting units because segment management views, manages and evaluates our stations on a market basis. Furthermore, in our markets, where we operate or provide services to more than one station, certain costs of operating the stations are shared including the use of buildings and equipment, the sales force and administrative personnel. In our assessment of goodwill for impairment we first determined, based upon a qualitative assessment, whether it is more likely than not a reporting unit has been impaired. Our qualitative assessment includes, but is not limited to, assessing the changes in macroeconomic conditions, regulatory environment, industry and market conditions, and the specific financial performance of the reporting units, as well as any other events or circumstances specific to the reporting units. If we conclude that it is more likely than not that a reporting unit is impaired, we will apply the quantitative two-step method. In the first step, the Company determines the fair value of the reporting unit and compares that fair value to the net book value of the reporting unit. The fair value of the reporting unit is determined using various valuation techniques, including quoted market prices, observed earnings/cash flow multiples paid for comparable television stations and discounted cash flow models. Our discounted cash flow model is based on our judgment of future market conditions within each designated market area, as well as discount rates that would be used by market participants in an arms-length transaction. If the net book value of the reporting unit were to exceed the fair value, we would then perform the second step of the impairment test, which requires allocation of the reporting unit’s fair value to all of its assets and liabilities in a manner similar to a purchase price allocation, with any residual fair value being allocated to goodwill to determine the implied fair value. An impairment charge will be recognized only when the implied fair value of a reporting unit’s goodwill is less than its carrying amount.

	For our annual impairment test for indefinite-lived intangibles, broadcast licenses, we applied a qualitative assessment to assess whether it is more likely than not that a broadcast license is impaired. Our qualitative assessment for indefinite-lived intangible asset impairment includes, but it not limited to, review of operating results, assessing the changes in macroeconomic conditions, cost factors, regulatory environment, industry and market conditions, and other events and circumstances that could affect the significant inputs used to determine the fair value of our broadcast license assets. When evaluating our broadcast licenses for impairment, the qualitative assessment is done at the unit of accounting level, each station’s broadcast license, and we aggregate the broadcast licenses for each market because the broadcast licenses within the market are complementary and together enhance the single broadcast license of each station. If we conclude that it is more likely than not that one of our broadcast licenses is impaired, we will calculate the fair value of the broadcast license in accordance with the quantitative test for indefinite-lived intangible assets. If a quantitative test is performed, we use the income approach method. The income approach method involves a discounted cash flow model that incorporates several variables, including, but not limited to, discounted cash flows of a typical market participant, market revenue and long term growth projections, estimated market share for the typical participant and estimated profit margins based on market size and station type. The model also assumes outlays for capital expenditures, future terminal values, an effective tax rate assumption and a discount rate based on the weighted-average cost of capital of the television broadcast industry. We will compare the fair value of the broadcast licenses, at a market level, to the carrying amount of those same broadcast licenses. If the carrying amount of the broadcast licenses exceeds the fair value, then an impairment loss is recorded to the extent that the carrying value of the broadcast licenses exceeds the fair value.

	We periodically evaluate our long-lived assets for impairment and continue to evaluate them as events or changes in circumstances indicate that the carrying amount of such assets may not be fully recoverable. We evaluate the recoverability of long-lived assets by measuring the carrying amount of the assets against the estimated undiscounted future cash flows associated with them. At the time that such evaluations indicate that the future undiscounted cash flows of certain long-lived assets are not sufficient to recover the carrying value of such assets, the assets are tested for impairment by comparing their estimated fair value to the carrying value. We typically estimate fair value using discounted cash flow models and appraisals. See Note 5. Goodwill and Other Intangible Assets, for more information.

Income Taxes	'
	Income Taxes

	We recognize deferred tax assets and liabilities based on the differences between the financial statement carrying amounts and the tax bases of assets and liabilities. 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. As of December 31, 2013, a valuation allowance has been provided for deferred tax assets related to a substantial amount of our available state net operating loss 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. Management periodically performs a comprehensive review of our tax positions and accrues amounts for tax contingencies. Based on these reviews, the status of ongoing audits and the expiration of applicable statute of limitations, accruals are adjusted as necessary in accordance with income tax accounting guidance. The resolution of audits is unpredictable and could result in tax liabilities that are significantly higher or lower than for what we have provided.

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 significant revenues are recognized as services are provided.

Advertising Expenses	'
	Advertising Expenses

	Promotional advertising expenses are recorded in the period when incurred and are included in station production and other operating division expenses. Total advertising expenses from continuing operations, net of advertising co-op credits, were $15.4 million, $12.2 million and $8.7 million for the years ended December 31, 2013, 2012 and 2011, respectively.
Financial Instruments	'
	Financial Instruments

	Financial instruments, as of December 31, 2013 and 2012, consisted of cash and cash equivalents, trade accounts receivable, accounts payable, accrued liabilities and notes payable. The carrying amounts approximate fair value for each of these financial instruments, except for the notes payable. See Note 6. Notes Payable and Commercial Bank Financing, for additional information regarding the fair value of notes payable.
Post-retirement Benefits	'
	Post-retirement Benefits

	We are required to recognize the funded status (i.e., the difference between the fair value of plan assets and the projected
	benefit obligations) of our pension plan in our consolidated financial statements. As of December 31, 2013 and 2012, we held a liability of $1.9 million and $5.5 million, respectively, representing the underfunded status of our defined benefit pension plan.

	In connection with acquisition of Fisher Communications, Inc. (Fisher) in 2013 (see Note 2. Acquisitions), we assumed a nonqualified noncontributory supplemental retirement program (Fisher SERP) that was originally established for former executives of Fisher. No new participants have been admitted to this program since 2001 and the benefits of active participants were frozen in 2005. The program participants do not include any active employees. The Fisher SERP required continued employment or disability through the date of expected retirement, unless involuntarily terminated. The cost of the program is accrued over the average expected future lifetime of the participants. While the nonqualified plan is unfunded, but Fisher had made investments in annuity contracts and life insurance policies on the lives of certain individual participants to assist in future payment of retirement benefits. The Company is the owner and beneficiary of the annuity contracts and life insurance policies; accordingly, the cash value of the annuity contracts and the cash surrender value of the life insurance policies are reported at fair value as assets in our consolidated balance sheet and any appreciation value is included in other income in our consolidated statement of operations. The carrying value of the annuity contracts and life insurance policies was $18.2 million as of December 31, 2013.

	As of December 31, 2013, the estimated projected benefit obligation was $22.0 million, of which $1.5 million is included in accrued expenses in the consolidated balance sheet and the $20.5 million is included in other long-term liabilities. During the year ended December 31, 2013, since acquiring Fisher, we made $0.5 million in benefit payments, recognized $0.4 million of periodic pension expense, reported in other expenses in the consolidated statement of operations, and $0.2 million of actuarial gains through other comprehensive income.

	At December 31, 2013 the projected benefit obligation was measured using a 4.51% discount rate. We estimated its discount rate, in consultation with our independent actuaries, based on a yield curve constructed from a portfolio of high quality bonds for which the timing and amount of cash outflows approximate the estimated payouts of the plan.

	We estimate that benefits expected to be paid to participants under the Fisher SERP as follows (in thousands):

		December 31,
		2013
	2014	$	1,489
	2015	1,601
	2016	1,686
	2017	1,624
	2018	1,580
	Next 5 years	7,366
		$	15,346
Reclassifications	'
	Reclassifications

	Certain reclassifications have been made to prior years’ consolidated financial statements to conform to the current year’s presentation.

NATURE_OF_OPERATIONS_AND_SUMMA2

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Tables)	12 Months Ended
	Dec. 31, 2013
NATURE OF OPERATIONS AND 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 as of December 31, 2013 and 2012 were as follows (in thousands):

		2013			2012
	ASSETS
	CURRENT ASSETS:
	Cash and cash equivalents	$	4,916		$	3,805
	Accounts receivable	18,468			110
	Current portion of program contract costs	10,725			6,113
	Prepaid expenses and other current assets	247			218
	Total current asset	34,356			10,246

	PROGRAM CONTRACT COSTS, less current portion	5,075			1,484
	PROPERTY AND EQUIPMENT, net	11,081			10,806
	GOODWILL	6,357			6,357
	BROADCAST LICENSES	16,768			14,927
	DEFINITE-LIVED INTANGIBLE ASSETS, net	97,496			51,368
	OTHER ASSETS	22,935			12,723
	Total assets	$	194,068		$	107,911
	LIABILITIES
	CURRENT LIABILITIES:
	Accounts payable	$	86		$	15
	Accrued liabilities	2,536			186
	Current portion of notes payable, capital leases and commercial bank financing	5,731			2,123
	Current portion of program contracts payable	11,552			8,991
	Total current liabilities	19,905			11,315

	LONG-TERM LIABILITIES:
	Notes payable, capital leases and commercial bank financing, less current portion	49,850			20,238
	Program contracts payable, less current portion	6,597			2,080
	Long term liabilities	10,838			—
	Total liabilities	$	87,190		$	33,633
Schedule of rollforward of the allowance for doubtful accounts	'
	A rollforward of the allowance for doubtful accounts for the years ended December 31, 2013, 2012 and 2011 is as follows (in thousands):

		2013			2012			2011
	Balance at beginning of period	$	3,091		$	3,008		$	3,242
	Charged to expense	1,802			1,141			751
	Net write-offs	(1,514		)	(1,058		)	(985		)
	Balance at end of period	$	3,379		$	3,091		$	3,008
Schedule of other assets	'
	Other assets as of December 31, 2013 and 2012 consisted of the following (in thousands):

		2013			2012
	Equity and cost method investments	$	98,385		$	94,924
	Unamortized costs related to debt issuances	46,150			40,260
	Other	63,674			54,800
	Total other assets	$	208,209		$	189,984
Schedule of accrued liabilities	'
	Accrued liabilities consisted of the following as of December 31, 2013 and 2012 (in thousands):

		2013			2012
	Compensation and employee health insurance	$	44,800		$	32,099
	Interest	25,133			18,885
	Deferred revenue	20,128			14,734
	Other accruals relating to operating expenses (a)	92,124			78,013
	Total accrued liabilities	$	182,185		$	143,731

	(a) Included in other accruals relating to operating expenses as of December 31, 2012 is $25.0 million which was paid to Fox in April 2013 as discussed further in Network Affiliation Agreements and Program Service Agreements under Note 10. Commitments and Contingencies.
Schedule of cash transactions	'
	During 2013, 2012 and 2011, we had the following cash transactions (in thousands):

		2013			2012			2011
	Income taxes paid related to continuing operations	$	26,037		$	46,964		$	897
	Income tax refunds received related to continuing operations	$	4,414		$	194		$	5
	Interest paid	$	147,083		$	110,973		$	98,643
Schedule of benefits expected to be paid to participants under the Fisher SERP	'
	We estimate that benefits expected to be paid to participants under the Fisher SERP as follows (in thousands):

		December 31,
		2013
	2014	$	1,489
	2015	1,601
	2016	1,686
	2017	1,624
	2018	1,580
	Next 5 years	7,366
		$	15,346

ACQUISITIONS_Tables

ACQUISITIONS (Tables)	12 Months Ended
ACQUISITIONS (Tables)	Dec. 31, 2013
Acquisitions	'
Schedule of unaudited pro forma results of continuing operations	'
	The 2011 period does not include the pro forma effects of the 2013 acquisitions, and as such will not provide comparability to the 2012 and 2013 pro forma periods presented in the following table (in thousands, except per share data):

		(Unaudited)
		2013			2012			2011
	Total revenues	$	1,580,883		$	1,513,975		$	1,210,257
	Net Income	$	56,657		$	153,807		$	151,751
	Net Income attributable to Sinclair Broadcast Group	$	54,308		$	153,370		$	151,352
	Basic and diluted earnings per share attributable to Sinclair Broadcast Group	$	0.58		$	1.89		$	1.86
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
Newport	'
Acquisitions	'
Schedule of initial allocated fair value of acquired assets and liabilities assumed	'
	The final 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
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	19,337
	Program contract costs	10,968
	Property and equipment	48,616
	Broadcast licenses	11,058
	Definite-lived intangible assets	155,073
	Other assets	8,348
	Assets held for sale	6,339
	Accounts payable and accrued liabilities	(20,384		)
	Program contracts payable	(10,977		)
	Deferred tax liability	(51,024		)
	Other long-term liabilities	(22,127		)
	Fair value of identifiable net assets acquired	198,720
	Goodwill	174,476
	Total	$	373,196
Barrington Broadcasting Company, LLC	'
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	$	681
	Program contract costs	3,813
	Property and equipment	67,519
	Broadcast licenses	719
	Definite-lived intangible assets	220,535
	Accounts payable and accrued liabilities	(2,725		)
	Program contracts payable	(3,813		)
	Other long-term liabilities	(65		)
	Fair value of identifiable net assets acquired	286,664
	Goodwill	81,022
	Total	$	367,686
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
	Accounts receivable	$	8,226		$	—
	Prepaid expenses and other current assets	5,217			160
	Program contract costs	6,182			1,638
	Property and equipment	54,148			16,545
	Deferred tax asset	3,888			—
	Broadcast licenses	3,736			2,679
	Definite-lived intangible assets	147,191			22,546
	Accrued liabilities	(3,926		)	(1,178		)
	Program contracts payable	(6,331		)	(4,252		)
	Other long term liabilities	(10,300		)	—
	Fair value of identifiable net assets acquired	208,031			38,138
	Goodwill	74,847			10,661
	Total	$	282,878		$	48,799

STOCKBASED_COMPENSATION_PLANS_

STOCK-BASED COMPENSATION PLANS: (Tables)	12 Months Ended
STOCK-BASED COMPENSATION PLANS: (Tables)	Dec. 31, 2013
STOCK-BASED COMPENSATION PLANS:	'
Schedule of changes in outstanding stock options	'


		Options		Weighted-Average			Exercisable	Weighted-Average
		Options		Exercise Price			Exercisable	Exercise Price
	Outstanding at December 31, 2012	129,500		$	11.73		129,500	$	11.73
	2013 Activity:
	Granted	—		—			—	—
	Exercised	(100,000	)	11.86			—	—
	Cancelled	(17,000	)	11.71			—	—
	Outstanding at December 31, 2013	12,500		10.75			12,500	10.75

Schedule of changes in unvested restricted stock	'


		RSAs		Weighted-Average
		RSAs		Price
	Unvested shares at December 31, 2012	158,500		$	11.79
	2013 Activity:
	Granted	314,000		14.19
	Vested	(102,500	)	11.84
	Forfeited	—		—
	Unvested shares at December 31, 2013	370,000		13.81

Schedule of assumptions used to estimate the value of stock options under ESPP	'


		2013		2012		2011
	Risk-free interest rate	0.10%		0.10%		0.40%
	Expected life	3 months		3 months		3 months
	Expected volatility	37%-60%		38%-53%		38%-67%
	Weighted average volatility	44%		44%		51%
	Annual dividend yield	1.8%-4.7%		4.3%-6.7%		3.8%-6.6%
	Weighted average dividend yield	4.20%		5.20%		5.40%
Schedule of assumptions used to estimate the value of SARs	'


		2013		2012		2011
	Risk-free interest rate	0.90%		0.90%		3.60%
	Expected life	5 years		5 years		10 years
	Expected volatility	73%		73%		68%
	Annual dividend yield	4.30%		5.20%		2.30%
Summary of the changes in SARS	'


		SARs		Weighted-Average Price
	Outstanding at December 31, 2012	900,000		$	12.72
	2013 Activity:
	Granted	500,000		14.21
	Exercised	—		—
	Outstanding SARs at December 31, 2013	1,400,000		13.25

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT: (Tables)	12 Months Ended
PROPERTY AND EQUIPMENT: (Tables)	Dec. 31, 2013
PROPERTY AND EQUIPMENT:	'
Schedule of estimated useful lives	'


	Buildings and improvements	10 - 30 years
	Station equipment	5 - 10 years
	Office furniture and equipment	5 - 10 years
	Leasehold improvements	Lesser of 10 - 30 years or lease term
	Automotive equipment	3 - 5 years
	Property and equipment under capital leases	Lease term
Schedule of property and equipment stated at cost less accumulated depreciation	'
	Property and equipment consisted of the following as of December 31, 2013 and 2012 (in thousands):

		2013			2012
	Land and improvements	$	37,517		$	33,932
	Real estate held for development and sale	67,037			56,419
	Buildings and improvements	168,441			135,162
	Station equipment	572,851			425,823
	Office furniture and equipment	50,210			41,134
	Leasehold improvements	19,453			18,362
	Automotive equipment	23,443			20,634
	Capital leased assets	81,602			79,126
	Construction in progress	17,078			18,274
		1,037,632			828,866
	Less: accumulated depreciation	(441,561		)	(389,153		)
		$	596,071		$	439,713

GOODWILL_BROADCAST_LICENSES_AN1

GOODWILL, BROADCAST LICENSES AND OTHER INTANGIBLE ASSETS: (Tables)	12 Months Ended
	Dec. 31, 2013
GOODWILL, BROADCAST LICENSES AND OTHER INTANGIBLE ASSETS:	'
Schedule of change in the carrying amount of goodwill related to continuing operations	'
	The change in the carrying amount of goodwill related to continuing operations was as follows (in thousands):

		Broadcast			Other			Consolidated
					Operating
					Divisions
	Balance at December 31, 2011
	Goodwill	$	1,070,202		$	3,488		$	1,073,690
	Accumulated impairment losses	(413,573		)	—			(413,573		)
		656,629			3,488			660,117
	Acquisition of television stations (a)	425,822			—			425,822
	Reclassification of goodwill to assets held for sale (b)	(11,907		)	—			(11,907		)
	Balance at December 31, 2012 (c)
	Goodwill (a)	1,484,117			3,488			1,487,605
	Accumulated impairment losses	(413,573		)	—			(413,573		)
		1,070,544			3,488			1,074,032
	Acquisition of television stations (a)	330,309			—			330,309
	Sale of broadcast assets (d)	(14,724		)	—			(14,724		)
	Measurement period adjustments related to 2012 acquisitions (e)	(9,535		)	—			(9,535		)
	Balance at December 31, 2013 (c)
	Goodwill	1,790,167			3,488			1,793,655
	Accumulated impairment losses	(413,573		)	—			(413,573		)
		$	1,376,594		$	3,488		$	1,380,082

	(a) In 2013 and 2012, we acquired goodwill as a result of acquisitions as discussed in Note 2. Acquisitions.

	(b) In 2012, we reclassified goodwill to assets held for sale as a result of the pending sales of WLAJ-TV in Lansing, Michigan, and WLWC-TV in Providence, Rhode Island as discussed in Discontinued Operations under Note 1. Nature of Operations and Summary of Significant Accounting Policies

	(c) Approximately $6.4 million of goodwill relates to consolidated VIEs as of December 31, 2013 and 2012.

	(d) Amounts relate to the sale of WSYT (FOX) (including certain assets of WNYS (MNT), which we performed service to under an LMA) in Syracuse, NY, in connection with the acquisition of stations from Barrington, as discussed in Note 2. Acquisitions.

	(e) Amounts relate to immaterial measurement period adjustments related to 2012 acquisitions.
Schedule of carrying amount of broadcast licenses related to continuing operations	'
	As of December 31, 2013 and 2012, the carrying amount of our broadcast licenses related to continuing operations was as follows (in thousands):

		2013			2012
	Beginning balance	$	85,122		$	47,002
	Acquisition of television stations (a)	15,514			38,924
	Sale of broadcast assets (e)	(25		)	—
	Measurement period adjustments related to 2012 acquisitions (d)	418			—
	Reclassification of broadcast license to assets held for sale (b)	—			(804		)
	Ending balance (c)	$	101,029		$	85,122

	(a) In 2013, we acquired broadcast licenses as a result of acquisitions as discussed in Note 2. Acquisitions.

	(b) In 2012, we reclassified the broadcast license of WLAJ-TV in Lansing, Michigan and WLWC-TV in Providence, Rhode Island to assets held for sale as discussed in Discontinued Operations under Note 1. Nature of Operations and Summary of Significant Accounting Policies.

	(c) Approximately $16.8 million and $14.9 million of broadcast licenses relate to consolidated VIEs as of December 31, 2013 and 2012, respectively.

	(d) Amounts relate to immaterial measurement period adjustments related to 2012 acquisitions, as discussed in Note 2. Acquisitions

	(e) Amounts relate to the sale of WSYT (FOX) (including certain assets of WNYS (MNT), which we performed service to under an LMA) in Syracuse, NY, in connection with the acquisition of stations from Barrington, as discussed in Note 2. Acquisitions.
Schedule of carrying value, fair value and impairment loss of the broadcast licenses which were impaired	'
	The carrying value, fair value and impairment loss of the broadcast licenses which were impaired during 2011 were as follows (in thousands):

					Fair Value Measurements Using
	Description	Carrying Value			Quoted			Significant			Significant		Total
					Prices in			Other			Unobservable		Impairment
					Active			Observable			Inputs		Losses
					Markets for			Inputs			(Level 3)
					Identical			(Level 2)
					Assets
					(Level 1)
	Year Ended December 31, 2011
	Broadcast licenses (a)	$	1,265		$	—		$	—		$	1,265	$	398



	(a) The fair value above represents the fair value of the broadcast licenses that were impaired in 2011 and written down to fair value. It excludes carrying values of $45.7 million related to broadcast licenses as of December 31, 2011, which were not impaired and had fair values in excess of carrying value.
Schedule of gross carrying amount and accumulated amortization of definite-lived intangible assets related to continuing operations	'
	The following table shows the gross carrying amount and accumulated amortization of definite-lived intangibles related to continuing operations (in thousands):

		As of December 31, 2013
		Gross Carrying Amount			Accumulated			Net
		Gross Carrying Amount			Amortization			Net

	Amortized intangible assets:
	Network affiliation (a)	$	869,535		$	(195,037	)	$	674,498
	Decaying advertiser base (b)	260,454			(135,978		)	124,476
	Other (c)	389,769			(60,988		)	328,781
	Total	$	1,519,758		$	(392,003	)	$	1,127,755

		As of December 31, 2012
		Gross Carrying Amount			Accumulated			Net
		Gross Carrying Amount			Amortization			Net

	Amortized intangible assets:
	Network affiliation	$	580,929		$	(160,166	)	$	420,763
	Decaying advertiser base	178,094			(121,919		)	56,175
	Other (d)	195,103			(48,635		)	146,468
	Total	$	954,126		$	(330,720	)	$	623,406

	(a) The increase in network affiliation assets includes amounts from acquisitions of $279.0 million and $343.0 million in 2013 and 2012, respectively. See Note 2. Acquisitions for more information.

	(b) The increase in decaying advertiser base includes amounts from acquisitions of $84.3 million and $56.9 million in 2013 and 2012, respectively.

	(c) The increase in other intangible assets includes the amounts from acquisitions of $159.5 million and $79.4 million in 2013 and 2012, respectively. See Note 2. Acquisitions for more information.
Schedule of estimated amortization expense of the definite-lived intangible assets	'
	The following table shows the estimated amortization expense of the definite-lived intangible assets for the next five years (in thousands):

	For the year ended December 31, 2014	$	97,242
	For the year ended December 31, 2015	96,845
	For the year ended December 31, 2016	96,275
	For the year ended December 31, 2017	95,696
	For the year ended December 31, 2018	86,313
	Thereafter	655,384
		$	1,127,755

NOTES_PAYABLE_AND_COMMERCIAL_B1

NOTES PAYABLE AND COMMERCIAL BANK FINANCING: (Tables)	12 Months Ended
NOTES PAYABLE AND COMMERCIAL BANK FINANCING: (Tables)	Dec. 31, 2013
NOTES PAYABLE AND COMMERCIAL BANK FINANCING:	'
Schedule of notes payable, capital leases and the Bank Credit Agreement	'
	Notes payable, capital leases and the Bank Credit Agreement consisted of the following as of December 31, 2013 and 2012 (in thousands):

		2013			2012
	Bank Credit Agreement, Term Loan A	$	500,000		$	263,875
	Bank Credit Agreement, Term Loan B	646,375			587,656
	Revolving Credit Facility	—			48,000
	9.25% Senior Secured Second Lien Notes, due 2017	—			500,000
	8.375% Senior Unsecured Notes, due 2018	237,530			237,530
	6.375% Senior Unsecured Notes, due 2021	350,000			—
	5.375% Senior Unsecured Notes, due 2021	600,000			—
	6.125% Senior Unsecured Notes, due 2022	500,000			500,000
	4.875% Convertible Senior Notes, due 2018	—			5,685
	3.0% Convertible Senior Notes, due 2027	—			5,400
	Debt of variable interest entities	30,231			19,950
	Debt of variable interest entities (non-recourse)	25,350			—
	Other operating divisions debt (all non-recourse)	86,263			65,663
	Capital leases	42,946			43,364
	Total outstanding principal	3,018,695			2,277,123
	Plus: Accretion on 4.875% Convertible Senior Notes, due 2018	—			332
	Less: Discount on Bank Credit Agreement, Term Loan B	(3,642		)	(6,807		)
	Less: Discount on 9.25% Senior Secured Second Lien Notes, due 2017	—			(9,483		)
	Less: Discount on 8.375% Senior Unsecured Notes, due 2018	(2,305		)	(2,677		)
	Less: Current portion	(46,346		)	(47,622		)
	Net carrying value of long-term debt	$	2,966,402		$	2,210,866
Schedule of maturity of indebtedness under the notes payable, capital leases and the Bank Credit Agreement	'
	Indebtedness under the notes payable, capital leases and the Bank Credit Agreement as of December 31, 2013 matures as follows (in thousands):

		Notes and Bank			Capital Leases			Total
		Credit
		Agreement
	2014	$	41,449		$	8,137		$	49,586
	2015	106,849			5,435			112,284
	2016	93,986			5,039			99,025
	2017	90,113			5,078			95,191
	2018	565,076			5,120			570,196
	2019 and thereafter	2,078,299			44,204			2,122,503
	Total minimum payments	2,975,772			73,013			3,048,785
	Less: Discount on Term Loan B	(3,642		)	—			(3,642		)
	Less: Discount on 8.375% Senior Unsecured Notes, due 2018	(2,305		)	—			(2,305		)
	Less: Amount representing future interest	—			(30,090		)	(30,090		)
		$	2,969,825		$	42,923		$	3,012,748

PROGRAM_CONTRACTS_Tables

PROGRAM CONTRACTS: (Tables)	12 Months Ended
	Dec. 31, 2013
PROGRAM CONTRACTS:	'
Schedule of future payments required under program contracts	'
	Future payments required under program contracts as of December 31, 2013 were as follows (in thousands):

	2014	$	90,933
	2015	16,803
	2016	8,693
	2017	5,626
	2018	3,559
	Total	125,614
	Less: Current portion	(90,933		)
	Long-term portion of program contracts payable	$	34,681

INCOME_TAXES_Tables

INCOME TAXES: (Tables)	12 Months Ended
INCOME TAXES: (Tables)	Dec. 31, 2013
INCOME TAXES:	'
Schedule of provision (benefit) for income taxes	'
	The provision (benefit) for income taxes consisted of the following for the years ended December 31, 2013, 2012 and 2011 (in thousands):

		2013			2012			2011
	Provision for income taxes - continuing operations	$	41,249		$	67,852		$	44,785
	(Benefit) provision for income taxes - discontinued operations	(10,806		)	663			477
		$	30,443		$	68,515		$	45,262
	Current:
	Federal	$	16,229		$	56,106		$	678
	State	(8,305		)	4,095			1,055
		7,924			60,201			1,733
	Deferred:
	Federal	20,214			9,151			41,361
	State	2,305			(837		)	2,168
		22,519			8,314			43,529
		$	30,443		$	68,515		$	45,262
Schedule of reconciliation of federal income taxes at the applicable statutory rate to the recorded provision from continuing operations	'


		2013		2012		2011
	Federal statutory rate	35	%	35	%	35	%
	Adjustments-
	State income taxes, net of federal tax benefit	8.3	%	(0.4	)%	1.9	%
	Non-deductible expenses	1.4	%	0.3	%	0.4	%
	Domestic Production Activities Deduction	(3.8	)%	(1.4	)%	—
	Effect of consolidated VIEs	3.7	%	(3.4	)%	(0.7	)%
	Change in state tax laws and rates	(5.5	)%	0.2	%	0.5	%
	Other	0.9	%	1.7	%	(0.1	)%
	Effective income tax rate	40	%	32	%	37	%
Schedule of total deferred tax assets and deferred tax liabilities	'
	Total deferred tax assets and deferred tax liabilities as of December 31, 2013 and 2012 were as follows (in thousands):

		2013			2012
	Current and Long-Term Deferred Tax Assets:
	Net operating and capital losses:
	Federal	$	5,027		$	5,738
	State	63,051			66,990
	Broadcast licenses	27,652			29,170
	Intangibles	3,451			5,871
	Other	35,677			33,803
		134,858			141,572
	Valuation allowance for deferred tax assets	(51,062		)	(59,407		)
	Total deferred tax assets	$	83,796		$	82,165

	Current and Long-Term Deferred Tax Liabilities:
	Broadcast licenses	$	(20,395	)	$	(13,090	)
	Intangibles	(270,008		)	(216,505		)
	Property & equipment, net	(52,514		)	(25,359		)
	Contingent interest obligations	(51,621		)	(52,388		)
	Other	(2,037		)	(10,213		)
	Total deferred tax liabilities	(396,575		)	(317,555		)
	Net tax liabilities	$	(312,779	)	$	(235,390	)
Schedule of activity related to accrued unrecognized tax benefits	'
	The following table summarizes the activity related to our accrued unrecognized tax benefits (in thousands):

		2013			2012			2011
	Balance at January 1,	$	25,965		$	26,088		$	26,125
	Reductions related to prior years tax position	(8,928		)	(123		)	(127		)
	Increases related to current year tax positions	693			—			90
	Reductions related to settlements with taxing authorities	(847		)	—			—
	Reductions related to expiration of the applicable statute of limitations	—			—			—
	Balance at December 31,	$	16,883		$	25,965		$	26,088

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES: (Tables)	12 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES:	'
Schedule of future minimum payments under the leases	'
	Future minimum payments under the leases are as follows (in thousands):

	2014	$	13,318
	2015	11,846
	2016	10,924
	2017	10,188
	2018	9,012
	2019 and thereafter	30,959
		$	86,247

RELATED_PERSON_TRANSACTIONS_Ta

RELATED PERSON TRANSACTIONS: (Tables)	12 Months Ended
RELATED PERSON TRANSACTIONS: (Tables)	Dec. 31, 2013
Related person transactions	'
Schedule of capital leases payable related to the aforementioned relationships	'
	Notes payable, capital leases and the Bank Credit Agreement consisted of the following as of December 31, 2013 and 2012 (in thousands):

		2013			2012
	Bank Credit Agreement, Term Loan A	$	500,000		$	263,875
	Bank Credit Agreement, Term Loan B	646,375			587,656
	Revolving Credit Facility	—			48,000
	9.25% Senior Secured Second Lien Notes, due 2017	—			500,000
	8.375% Senior Unsecured Notes, due 2018	237,530			237,530
	6.375% Senior Unsecured Notes, due 2021	350,000			—
	5.375% Senior Unsecured Notes, due 2021	600,000			—
	6.125% Senior Unsecured Notes, due 2022	500,000			500,000
	4.875% Convertible Senior Notes, due 2018	—			5,685
	3.0% Convertible Senior Notes, due 2027	—			5,400
	Debt of variable interest entities	30,231			19,950
	Debt of variable interest entities (non-recourse)	25,350			—
	Other operating divisions debt (all non-recourse)	86,263			65,663
	Capital leases	42,946			43,364
	Total outstanding principal	3,018,695			2,277,123
	Plus: Accretion on 4.875% Convertible Senior Notes, due 2018	—			332
	Less: Discount on Bank Credit Agreement, Term Loan B	(3,642		)	(6,807		)
	Less: Discount on 9.25% Senior Secured Second Lien Notes, due 2017	—			(9,483		)
	Less: Discount on 8.375% Senior Unsecured Notes, due 2018	(2,305		)	(2,677		)
	Less: Current portion	(46,346		)	(47,622		)
	Net carrying value of long-term debt	$	2,966,402		$	2,210,866
Schedule of capital leases maturity payable to related to the aforementioned relationships	'
	Indebtedness under the notes payable, capital leases and the Bank Credit Agreement as of December 31, 2013 matures as follows (in thousands):

		Notes and Bank			Capital Leases			Total
		Credit
		Agreement
	2014	$	41,449		$	8,137		$	49,586
	2015	106,849			5,435			112,284
	2016	93,986			5,039			99,025
	2017	90,113			5,078			95,191
	2018	565,076			5,120			570,196
	2019 and thereafter	2,078,299			44,204			2,122,503
	Total minimum payments	2,975,772			73,013			3,048,785
	Less: Discount on Term Loan B	(3,642		)	—			(3,642		)
	Less: Discount on 8.375% Senior Unsecured Notes, due 2018	(2,305		)	—			(2,305		)
	Less: Amount representing future interest	—			(30,090		)	(30,090		)
		$	2,969,825		$	42,923		$	3,012,748
Controlling shareholders	'
Related person transactions	'
Schedule of capital leases payable related to the aforementioned relationships	'
	Capital leases payable related to the aforementioned relationships consisted of the following as of December 31, 2013 and 2012 (in thousands):

		2013			2012
	Capital lease for building, interest at 8.54%	$	6,267		$	7,405
	Capital leases for building and tower, interest at 7.93%	1,106			1,221
	Capital leases for building, interest at 8.11%	8,141			—
	Capital leases for broadcasting tower facilities, interest at 9.0%	860			1,275
	Capital leases for broadcasting tower facilities, interest at 10.5%	4,918			4,990
		21,292			14,891
	Less: Current portion	(2,367		)	(1,704		)
		$	18,925		$	13,187
Schedule of capital leases maturity payable to related to the aforementioned relationships	'
	Capital leases payable related to the aforementioned relationships as of December 31, 2013 mature as follows (in thousands):

	2014	$	4,388
	2015	4,402
	2016	4,138
	2017	4,102
	2018	1,880
	2019 and thereafter	13,045
	Total minimum payments due	31,955
	Less: Amount representing interest	(10,631		)
		$	21,324

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE: (Tables)	12 Months Ended
	Dec. 31, 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 earnings per share for the years ended December 31, 2013, 2012 and 2011 (in thousands):

		2013			2012			2011
	Income (Numerator)
	Income from continuing operations	$	64,259		$	144,488		$	76,588
	Income impact of assumed conversion of the 4.875% Notes, net of taxes	—			180			180
	Net (income) attributable to noncontrolling interests included in continuing operations	(2,349		)	(287		)	(379		)
	Numerator for diluted earnings per common share from continuing operations available to common shareholders	61,910			144,381			76,389
	Income (loss) from discontinued operations, net of taxes	11,558			465			(411		)
	Numerator for diluted earnings available to common shareholders	$	73,468		$	144,846		$	75,978

	Shares (Denominator)
	Weighted-average common shares outstanding	93,207			81,020			80,217
	Dilutive effect of outstanding stock settled appreciation rights, restricted stock awards and stock options	638			36			61
	Dilutive effect of 4.875% Notes	—			254			254
	Weighted-average common and common equivalent shares outstanding	93,845			81,310			80,532

SEGMENT_DATA_Tables

SEGMENT DATA: (Tables)	12 Months Ended
	Dec. 31, 2013
SEGMENT DATA:	'
Schedule of financial information for operating segments	'
	Financial information for our operating segments is included in the following tables for the years ended December 31, 2013, 2012 and 2011 (in thousands):

	For the year ended December 31, 2013	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	1,306,187	$	56,944		$	—		$	1,363,131
	Depreciation of property and equipment	67,320		1,891			1,343			70,554
	Amortization of definite-lived intangible assets and other assets	65,786		5,034			—			70,820
	Amortization of program contract costs and net realizable value adjustments	80,925		—			—			80,925
	General and administrative overhead expenses	47,272		1,350			4,504			53,126
	Operating income (loss)	329,312		555			(5,847		)	324,020
	Interest expense	—		3,251			159,686			162,937
	Income from equity and cost method investments	—		621			—			621
	Goodwill	1,376,594		3,488			—			1,380,082
	Assets	3,493,603		294,921			376,726			4,165,250
	Capital expenditures	37,665		4,994			2,700			45,359


	For the year ended December 31, 2012	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	1,007,498	$	54,181		$	—		$	1,061,679
	Depreciation of property and equipment	44,054		1,496			1,523			47,073
	Amortization of definite-lived intangible assets and other assets	33,701		4,398			—			38,099
	Amortization of program contract costs and net realizable value adjustments	60,990		—			—			60,990
	General and administrative overhead expenses	28,854		1,697			2,840			33,391
	Operating income (loss)	333,164		491			(4,377		)	329,278
	Interest expense	—		3,282			125,271			128,553
	Income from equity and cost method investments	—		9,670			—			9,670
	Goodwill	1,070,544		3,488			—			1,074,032
	Assets	2,436,537		284,583			8,577			2,729,697
	Capital expenditures	35,161		2,341			6,484			43,986


	For the year ended December 31, 2011	Broadcast		Other			Corporate			Consolidated
				Operating
				Divisions
	Revenue	$	720,775	$	44,513		$	—		$	765,288
	Depreciation of property and equipment	29,929		1,323			1,622			32,874
	Amortization of definite-lived intangible assets and other assets	14,643		3,586			—			18,229
	Amortization of program contract costs and net realizable value adjustments	52,079		—			—			52,079
	Impairment of goodwill, intangible and other assets	398		—			—			398
	General and administrative overhead expenses	24,760		1,158			2,392			28,310
	Operating income (loss)	230,679		(1,041		)	(4,018		)	225,620
	Interest expense	—		2,528			103,600			106,128
	Income from equity and cost method investments	—		3,269			—			3,269

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS: (Tables)	12 Months Ended
	Dec. 31, 2013
FAIR VALUE MEASUREMENTS:	'
Schedule of carrying value and fair value of notes and debentures	'
	The carrying value and fair value of our notes, debentures, program contracts payable and non-cancelable programming commitments as of December 31, 2013 and 2012 were as follows (in thousands):

		2013				2012
		Carrying Value		Fair Value		Carrying Value		Fair Value
	Level 2:
	9.25% Senior Second Lien Notes due 2017	$	—	$	—	$	490,517	$	552,500
	8.375% Senior Notes due 2018	235,225		259,547		234,853		265,886
	6.375% Senior Unsecured Notes due 2021	350,000		360,938		—		—
	6.125% Senior Unsecured Notes due 2022	500,000		497,525		500,000		533,125
	5.375% Senior Unsecured Notes due 2021	600,000		582,078		—		—
	Term Loan A	500,000		495,000		263,875		262,556
	Term Loan B	642,734		641,205		580,850		589,125
	Debt of variable interest entities	55,581		55,581		19,950		19,950
	Debt of other operating divisions	86,263		86,263		65,666		65,666

CONDENSED_CONSOLIDATED_FINANCI1

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS: (Tables)	12 Months Ended
	Dec. 31, 2013
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:	'
Schedule of condensed consolidating balance sheet	'
	CONDENSED CONSOLIDATED BALANCE SHEET
	AS OF DECEMBER 31, 2013
	(In thousands)

			Sinclair			Sinclair			Guarantor			Non-Guarantor			Eliminations			Sinclair
			Broadcast			Television			Subsidiaries			Subsidiaries						Consolidated
			Group, Inc.			Group, Inc.			and KDSM,
									LLC
	Cash		$	—		$	237,974		$	28,594		$	13,536		$	—		$	280,104
	Accounts and other receivables		59			818			281,822			27,479			(1,022		)	309,156
	Other current assets		5,500			25,887			67,279			16,391			(6,446		)	108,611
	Total current assets		5,559			264,679			377,695			57,406			(7,468		)	697,871

	Property and equipment, net		5,017			13,561			454,917			130,019			(7,443		)	596,071

	Investment in consolidated subsidiaries		363,231			2,508,058			4,179			—			(2,875,468		)	—
	Restricted cash — long term		—			11,524			223			—			—			11,747
	Other long-term assets		78,849			503,674			62,435			132,840			(544,881		)	232,917
	Total other long-term assets		442,080			3,023,256			66,837			132,840			(3,420,349		)	244,664

	Goodwill and other intangible assets		—			—			2,486,794			214,325			(92,253		)	2,608,866

	Total assets		$	452,656		$	3,301,496		$	3,386,243		$	534,590		$	(3,527,513	)	$	4,147,472

	Accounts payable and accrued liabilities		$	234		$	51,781		$	126,245		$	17,914		$	—		$	196,174
	Current portion of long-term debt		556			37,335			1,007			7,448			—			46,346
	Current portion of affiliate long-term debt		1,294			—			1,073			1,003			(1,003		)	2,367
	Other current liabilities		3,529			—			87,612			9,645			(2,292		)	98,494
	Total current liabilities		5,613			89,116			215,937			36,010			(3,295		)	343,381

	Long-term debt		529			2,793,334			35,709			136,830			—			2,966,402
	Affiliate long-term debt		4,972			—			13,984			294,919			(294,950		)	18,925
	Other liabilities		45,172			23,645			610,491			145,828			(412,076		)	413,060
	Total liabilities		56,286			2,906,095			876,121			613,587			(710,321		)	3,741,768

	Total Sinclair Broadcast Group equity (deficit)		396,370			395,401			2,510,122			(88,331		)	(2,817,192		)	396,370
	Noncontrolling interests in consolidated subsidiaries		—			—			—			9,334			—			9,334
	Total liabilities and equity (deficit)		$	452,656		$	3,301,496		$	3,386,243		$	534,590		$	(3,527,513	)	$	4,147,472

	CONDENSED CONSOLIDATED 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 CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
	FOR THE YEAR ENDED DECEMBER 31, 2013
	(In thousands)

			Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
			Broadcast			Television			Subsidiaries			Guarantor						Consolidated
			Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
									LLC
	Net revenue		$	—		$	—		$	1,296,736		$	123,017		$	(56,622	)	$	1,363,131

	Program and production		15			357			391,410			50,950			(57,628		)	385,104
	Selling, general and administrative		3,733			48,363			241,548			9,132			82			302,858
	Depreciation, amortization and other operating expenses		1,307			3,105			275,889			71,319			(471		)	351,149
	Total operating expenses		5,055			51,825			908,847			131,401			(58,017		)	1,039,111

	Operating (loss) income		(5,055		)	(51,825		)	387,889			(8,384		)	1,395			324,020

	Equity in earnings of consolidated subsidiaries		97,138			309,388			1,009			—			(407,535		)	—
	Interest expense		(1,083		)	(152,174		)	(4,965		)	(25,624		)	20,909			(162,937		)
	Other income (expense)		4,633			(59,033		)	245			5,361			(6,781		)	(55,575		)
	Total other (expense) income		100,688			98,181			(3,711		)	(20,263		)	(393,407		)	(218,512		)

	Income tax benefit		(22,165		)	47,645			(73,266		)	2,637			3,900			(41,249		)
	Income from discontinued operations, net of taxes		—			11,063			495			—			—			11,558
	Net income (loss)		73,468			105,064			311,407			(26,010		)	(388,112		)	75,817
	Net loss attributable to the noncontrolling interests		—			—			—			(2,349		)	—			(2,349		)
	Net income (loss) attributable to Sinclair Broadcast Group		$	73,468		$	105,064		$	311,407		$	(28,359	)	$	(388,112	)	$	73,468
	Comprehensive income		$	78,257		$	107,243		$	311,407		$	(28,098	)	$	(390,552	)	$	78,257

	CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
	FOR THE YEAR ENDED DECEMBER 31, 2012
	(In thousands)

			Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
			Broadcast			Television			Subsidiaries			Guarantor						Consolidated
			Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
									LLC
	Net revenue		$	—		$	—		$	1,008,146		$	64,909		$	(11,376	)	$	1,061,679

	Program and production		—			322			263,802			1,400			(9,968		)	255,556
	Selling, general and administrative		2,853			28,762			168,540			6,082			(1,567		)	204,670
	Depreciation, amortization and other operating expenses		1,523			1,890			213,681			55,802			(728		)	272,168
	Total operating expenses		4,376			30,974			646,023			63,284			(12,263		)	732,394

	Operating (loss) income		(4,376		)	(30,974		)	362,123			1,625			887			329,285

	Equity in earnings (losses) of consolidated subsidiaries		144,620			194,686			(123		)	—			(339,183		)	—
	Interest expense		(1,317		)	(118,491		)	(4,840		)	(24,780		)	20,875			(128,553		)
	Other income (expense)		5,245			38,677			(39,781		)	8,690			(1,223		)	11,608
	Total other (expense) income		148,548			114,872			(44,744		)	(16,090		)	(319,531		)	(116,945		)

	Income tax benefit		494			41,709			(118,519		)	8,464			—			(67,852		)
	Loss from discontinued operations, net of taxes		—			(269		)	734			—			—			465
	Net (loss) income		144,666			125,338			199,594			(6,001		)	(318,644		)	144,953
	Net loss attributable to the noncontrolling interests		—			—			—			(287		)	—			(287		)
	Net (loss) income attributable to Sinclair Broadcast Group		$	144,666		$	125,338		$	199,594		$	(6,288	)	$	(318,644	)	$	144,666
	Comprehensive income		$	144,808		$	125,193		$	199,594		$	(6,288	)	$	(318,499	)	$	144,808

	CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
	FOR THE YEAR ENDED DECEMBER 31, 2011
	(In thousands)

			Sinclair			Sinclair			Guarantor			Non-			Eliminations			Sinclair
Broadcast			Television			Subsidiaries			Guarantor			Consolidated
Group, Inc.			Group, Inc.			and KDSM,			Subsidiaries
						LLC
Net revenue			$	—		$	—		$	721,936		$	52,295		$	(8,943	)	$	765,288

Program and production			—			1,298			185,038			338			(8,062		)	178,612
Selling, general and administrative		2,396			25,160			121,391			3,765			(464		)	152,248
Depreciation, amortization and other operating expenses		1,622			688			160,414			46,618			(552		)	208,790
Total operating expenses		4,018			27,146			466,843			50,721			(9,078		)	539,650

Operating (loss) income		(4,018		)	(27,146		)	255,093			1,574			135			225,638

Equity in earnings of consolidated subsidiaries		83,354			134,996			—			—			(218,350		)	—
Interest expense		(3,285		)	(94,556		)	(4,931		)	(23,978		)	20,622			(106,128		)
Gain on Sales of Securities		—			—			—			391			(391		)	—
Other income (expense)		1,781			35,255			(36,160		)	1,560			(573		)	1,863
Total other income (expense)		81,850			75,695			(41,091		)	(22,027		)	(198,692		)	(104,265		)

Income tax (provision) benefit		(2,034		)	29,783			(75,449		)	2,915			—			(44,785		)
Loss from discontinued operations, net of taxes		—			(411		)	—			—			—			(411		)
Net income (loss)		75,798			77,921			138,553			(17,538		)	(198,557		)	76,177
Net loss attributable to the noncontrolling interests		—			—			—			(379		)	—			(379		)
Net income (loss) attributable to Sinclair Broadcast Group		$	75,798		$	77,921		$	138,553		$	(17,917	)	$	(198,557	)	$	75,798
Comprehensive income		$	75,243		$	76,987		$	138,553		$	(17,917	)	$	(197,623	)	$	75,243
Schedule of condensed consolidating statement of cash flows	'
	CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
	FOR THE YEAR ENDED DECEMBER 31, 2013
	(In thousands)

			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		$	(37,107	)	$	(264,925	)	$	444,680		$	(40,414	)	$	58,343		$	160,577
	CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
	Acquisition of property and equipment		—			(2,700		)	(35,659		)	(5,029		)	—			(43,388		)
	Payments for acquisitions of television stations		—			—			(998,664		)	(50,480		)	43,000			(1,006,144		)
	Proceeds from the sale of broadcast assets		—			—			71,738			21,000			(43,000		)	49,738
	Payments for acquisitions of assets of other operating divisions		—			—			—			(4,650		)	—			(4,650		)
	Purchase of alarm monitoring contracts		—			—			—			(23,721		)	—			(23,721		)
	(Increase) decrease in restricted cash		—			(11,522		)	—			—			—			(11,522		)
	Investments in equity and cost method investees		1,655			—			—			3,603			—			5,258
	Distributions from equity and cost method investees		—			—			—			(10,767		)	—			(10,767		)
	Investment in marketable securities		—			—			—			(696		)	(10,908		)	(11,604		)
	Other, net		(7		)	—			50			5,516			—			5,559
	Net cash flows (used in) from investing activities		1,648			(14,222		)	(962,535		)	(65,224		)	(10,908		)	(1,051,241		)

	CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
	Proceeds from notes payable, commercial bank financing and capital leases		—			2,189,753			—			88,540			—			2,278,293
	Repayments of notes payable, commercial bank financing and capital leases		(482		)	(1,473,898		)	(1,069		)	(34,311		)	—			(1,509,760		)
	Proceeds from the sale of Class A Common Stock		472,913			—			—			—			—			472,913
	Dividends paid on Class A and Class B common stock		(56,767		)	—			—			—			—			(56,767		)
	Payments for deferred financing costs		—			(27,724		)	—			—			—			(27,724		)
	Noncontrolling interest distributions (contributions)		—			—			—			(10,256		)	—			(10,256		)
	Increase (decrease) in intercompany payables		(371,331		)	(178,240		)	548,139			59,765			(58,333		)	—
	Other, net		(8,874		)	—			(820		)	—			10,898			1,204
	Net cash flows from (used in) financing activities		35,459			509,891			546,250			103,738			(47,435		)	1,147,903

	NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		—			230,744			28,395			(1,900		)	—			257,239
	CASH AND CASH EQUIVALENTS, beginning of period		—			7,230			199			15,436			—			22,865
	CASH AND CASH EQUIVALENTS, end of period		$	—		$	237,974		$	28,594		$	13,536		$	—		$	280,104

	CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
	FOR THE YEAR ENDED DECEMBER 31, 2012
	(In thousands)

			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		$	(4,038	)	$	(56,760	)	$	282,446		$	12,999		$	2,828		$	237,475
	CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
	Acquisition of property and equipment		396			(4,057		)	(37,635		)	(2,690		)	—			(43,986		)
	Payments for acquisitions of television stations		—			(1,127,848		)	—			(18,200		)	10,700			(1,135,348		)
	Purchase of alarm monitoring contracts		—			—			—			(12,454		)	—			(12,454		)
	Decrease (increase) in restricted cash		—			58,501						—			—			58,501
	Distributions from investments		836			—			—			8,754			—			9,590
	Investments in equity and cost method investees		(2,000		)	—			—			(22,052		)	—			(24,052		)
	Investment in debt securities		—			—			—			(1,493		)	—			(1,493		)
	Proceeds from sale of assets		—			10,700			10			—			(10,700		)	10
	Other, net		(94		)	—			42			—			—			(52		)
	Net cash flows (used in) from investing activities		(862		)	(1,062,704		)	(37,583		)	(48,135		)	—			(1,149,284		)

	CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
	Proceeds from notes payable, commercial bank financing and capital leases		—			1,201,275			—			45,980			—			1,247,255
	Repayments of notes payable, commercial bank financing and capital leases		(419		)	(154,989		)	(586		)	(23,362		)	—			(179,356		)
	Proceeds from share based awards		391			—			—			—			—			391
	Dividends paid on Class A and Class B Common Stock		(125,100		)	—			—			—			1,248			(123,852		)
Payments for deferred financing costs		—			(17,660		)	—			(1,047		)	—			(18,707		)
Noncontrolling interest distributions (contributions)		—			—			—			(1,142		)	—			(1,142		)
Repayments of notes and capital leases to affiliates		(998		)	—			(1,884		)	—			—			(2,882		)
Increase (decrease) in intercompany payables		131,026			97,880			(242,507		)	17,677			(4,076		)	—
Net cash flows from (used in) financing activities		4,900			1,126,506			(244,977		)	38,106			(2,828		)	921,707

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		—			7,042			(114		)	2,970			—			9,898
CASH AND CASH EQUIVALENTS, beginning of period		—			188			313			12,466			—			12,967
CASH AND CASH EQUIVALENTS, end of period		$	—		$	7,230		$	199		$	15,436		$	—		$	22,865

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2011
(In thousands)

		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		$	(10,424	)	$	(65,150	)	$	225,516		$	704		$	(2,133	)	$	148,513
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:
Acquisition of property and equipment		—			(3,503		)	(30,950		)	(1,382		)	—			(35,835		)
Purchase of alarm monitoring contracts		—			—			—			(8,850		)	—			(8,850		)
Increase in restricted cash		—			(53,445		)	—			—			—			(53,445		)
Distributions from investments		—			—			—			3,798			—			3,798
Investments in equity and cost method investees		(4,000		)	—			—			(7,577		)	—			(11,577		)
Investment in debt securities		—			—			—			(4,911		)	—			(4,911		)
Payments for acquisitions of assets of other operating divisions		—			—			—			(3,072		)	—			(3,072		)
Proceeds from sale of assets		—			—			59			10			—			69
Proceeds from sale of securities		—			—			—			1,808			(1,808		)	—
Proceeds from insurance settlement		—			—			1,739			—			—			1,739
Loans to affiliates		(194		)	(212		)	—			—			—			(406		)
Proceeds from loans to affiliates		199			—			—			43			—			242
Net cash flows used in investing activities		(3,995		)	(57,160		)	(29,152		)	(20,133		)	(1,808		)	(112,248		)

CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Proceeds from notes payable, commercial bank financing and capital leases		—			136,719			—			15,014			—			151,733
Repayments of notes payable, commercial bank financing and capital leases		(57,120		)	(70,234		)	(432		)	(22,661		)	—			(150,447		)
Proceeds from share based awards		1,794			—			—			—			—			1,794
Purchase of subsidiary shares from noncontrolling interests		—			—			—			(2,501		)	—			(2,501		)
Dividends paid on Class A and Class B Common Stock		(38,820		)	—			—			—			464			(38,356		)
Payments for deferred financing costs		—			(5,417		)	—			(66		)	—			(5,483		)
Proceeds from Class A Common Stock sold by variable interest entity		—			—			—			—			1,808			1,808
Noncontrolling interest distributions		—			—			—			(610		)	—			(610		)
Repayments of notes and capital leases to affiliates		(869		)	—			(2,341		)	—			—			(3,210		)
Increase (decrease) in intercompany payables		109,434			56,359			(194,300		)	26,838			1,669			—
Net cash flows from (used in) financing activities		14,419			117,427			(197,073		)	16,014			3,941			(45,272		)

NET DECREASE IN CASH AND CASH EQUIVALENTS		—			(4,883		)	(709		)	(3,415		)	—			(9,007		)
CASH AND CASH EQUIVALENTS, beginning of period		—			5,071			1,022			15,881			—			21,974
CASH AND CASH EQUIVALENTS, end of period		$	—		$	188		$	313		$	12,466		$	—		$	12,967

QUARTERLY_FINANCIAL_INFORMATIO1

QUARTERLY FINANCIAL INFORMATION (UNAUDITED): (Tables)	12 Months Ended
QUARTERLY FINANCIAL INFORMATION (UNAUDITED): (Tables)	Dec. 31, 2013
QUARTERLY FINANCIAL INFORMATION (UNAUDITED):	'
Schedule of the quarterly financial information (unaudited)	'
	(in thousands, except per share data)

		For the Quarter Ended
		3/31/13			6/30/13			9/30/13			12/31/13
	Total revenues, net	$	282,618		$	314,154		$	338,644		$	427,715
	Operating income	$	63,656		$	84,280		$	72,798		$	103,286
	Income from continuing operations	$	16,515		$	12,956		$	30,551		$	4,237
	Income from discontinued operations	$	355		$	5,103		$	6,100		$	—
	Net income attributable to Sinclair Broadcast Group	$	16,997		$	17,826		$	36,342		$	2,303
	Basic earnings per common share from continuing operations attributable to Sinclair Broadcast Group	$	0.2		$	0.14		$	0.3		$	0.02
	Basic earnings per common share attributable to Sinclair Broadcast Group	$	0.21		$	0.19		$	0.37		$	0.02
	Diluted earnings per common share from continuing operations attributable to Sinclair Broadcast Group	$	0.2		$	0.14		$	0.3		$	0.02
	Diluted earnings per common share attributable to Sinclair Broadcast Group	$	0.21		$	0.19		$	0.36		$	0.02

		For the Quarter Ended
		3/31/12			6/30/12			9/30/12			12/31/12
	Total revenues, net	$	222,375		$	251,074		$	258,713		$	329,517
	Operating income	$	59,895		$	71,887		$	78,399		$	119,097
	Income from continuing operations	$	29,126		$	30,131		$	26,479		$	58,752
	(Loss) income from discontinued operations	$	(51	)	$	(1	)	$	(126	)	$	643
	Net income attributable to Sinclair Broadcast Group	$	29,360		$	30,058		$	26,246		$	59,002
	Basic earnings per common share from continuing operations attributable to Sinclair Broadcast Group	$	0.36		$	0.37		$	0.33		$	0.72
	Basic earnings per common share attributable to Sinclair Broadcast Group	$	0.36		$	0.37		$	0.33		$	0.73
	Diluted earnings per common share from continuing operations attributable to Sinclair Broadcast Group	$	0.36		$	0.37		$	0.33		$	0.72
	Diluted earnings per common share attributable to Sinclair Broadcast Group	$	0.36		$	0.37		$	0.32		$	0.73

NATURE_OF_OPERATIONS_AND_SUMMA3

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details)	0 Months Ended	12 Months Ended
	Oct. 02, 2012	Dec. 31, 2013
	market	market
		station
Nature of Operations	'	'
Number of television stations owned	'	149
Number of markets	3	71
FOX	'	'
Nature of Operations	'	'
Number of television stations owned	'	39
CBS	'	'
Nature of Operations	'	'
Number of television stations owned	'	25
ABC	'	'
Nature of Operations	'	'
Number of television stations owned	'	19
NBC	'	'
Nature of Operations	'	'
Number of television stations owned	'	16
CW	'	'
Nature of Operations	'	'
Number of television stations owned	'	23
MyNetworkTV	'	'
Nature of Operations	'	'
Number of television stations owned	'	20
Univision	'	'
Nature of Operations	'	'
Number of television stations owned	'	5
Azteca	'	'
Nature of Operations	'	'
Number of television stations owned	'	1
Independent Station	'	'
Nature of Operations	'	'
Number of television stations owned	'	1

NATURE_OF_OPERATIONS_AND_SUMMA4

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details 2) (USD $)

3 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Oct. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Jan. 31, 2013

WLAJ-TV

WLWC-TV

Discontinued Operations

Price of assets sold to an unrelated third party receivable in cash

$14,400,000

$13,800,000

Total revenues, net

427,715,000

338,644,000

314,154,000

282,618,000

329,517,000

258,713,000

251,074,000

222,375,000

1,363,131,000

1,061,679,000

765,288,000

600,000

3,700,000

1,600,000

6,300,000

Total income (loss) before taxes

200,000

900,000

400,000

200,000

Adjustment of certain liabilities for unrecognized tax benefits

$11,200,000

NATURE_OF_OPERATIONS_AND_SUMMA5

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

3 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

station

Variable Interest Entities

Number of television stations owned

149

Net revenue

$427,715,000

$338,644,000

$314,154,000

$282,618,000

$329,517,000

$258,713,000

$251,074,000

$222,375,000

$1,363,131,000

$1,061,679,000

$765,288,000

CURRENT ASSETS:

Cash and cash equivalents

280,104,000

22,865,000

280,104,000

22,865,000

12,967,000

21,974,000

Accounts receivable

308,974,000

183,480,000

308,974,000

183,480,000

Current portion of program contract costs

74,324,000

56,581,000

74,324,000

56,581,000

Prepaid expenses and other current assets

30,599,000

7,404,000

30,599,000

7,404,000

Total current assets

697,871,000

304,448,000

697,871,000

304,448,000

PROGRAM CONTRACT COSTS, less current portion

24,708,000

12,767,000

24,708,000

12,767,000

PROPERTY AND EQUIPMENT, net

596,071,000

439,713,000

596,071,000

439,713,000

GOODWILL

1,380,082,000

1,074,032,000

1,380,082,000

1,074,032,000

660,117,000

BROADCAST LICENSES

101,029,000

85,122,000

101,029,000

85,122,000

DEFINITE-LIVED INTANGIBLE ASSETS, net

1,127,755,000

623,406,000

1,127,755,000

623,406,000

OTHER ASSETS

208,209,000

189,984,000

208,209,000

189,984,000

Total assets

4,147,472,000

[1]

2,729,697,000

[1]

4,147,472,000

[1]

2,729,697,000

[1]

CURRENT LIABILITIES:

Accounts payable

13,989,000

10,086,000

13,989,000

10,086,000

Accrued liabilities

182,185,000

143,731,000

182,185,000

143,731,000

Current portion of notes payable, capital leases and commercial bank financing

46,346,000

47,622,000

46,346,000

47,622,000

Current portion of program contracts payable

90,933,000

88,015,000

90,933,000

88,015,000

Total current liabilities

343,381,000

307,600,000

343,381,000

307,600,000

LONG-TERM LIABILITIES:

Notes payable, capital leases and commercial bank financing, less current portion

2,966,402,000

2,210,866,000

2,966,402,000

2,210,866,000

Program contracts payable, less current portion

34,681,000

16,341,000

34,681,000

16,341,000

Total liabilities

3,741,768,000

[1]

2,829,750,000

[1]

3,741,768,000

[1]

2,829,750,000

[1]

Increase in additional paid in capital related to sale of investment in common stock

7,008,000

1,808,000

Eliminations

Variable Interest Entities

Net revenue

-56,622,000

-11,376,000

-8,943,000

CURRENT ASSETS:

Total current assets

-7,468,000

-4,005,000

-7,468,000

-4,005,000

PROPERTY AND EQUIPMENT, net

-7,443,000

-10,867,000

-7,443,000

-10,867,000

Total assets

-3,527,513,000

-2,161,241,000

-3,527,513,000

-2,161,241,000

CURRENT LIABILITIES:

Total current liabilities

-3,295,000

-3,634,000

-3,295,000

-3,634,000

LONG-TERM LIABILITIES:

Total liabilities

-710,321,000

-759,996,000

-710,321,000

-759,996,000

Consolidated VIEs, aggregated

Variable Interest Entities

Number of licensees as VIEs

Net revenue

128,200,000

49,100,000

11,900,000

CURRENT ASSETS:

Cash and cash equivalents

4,916,000

3,805,000

4,916,000

3,805,000

Accounts receivable

18,468,000

110,000

18,468,000

110,000

Current portion of program contract costs

10,725,000

6,113,000

10,725,000

6,113,000

Prepaid expenses and other current assets

247,000

218,000

247,000

218,000

Total current assets

34,356,000

10,246,000

34,356,000

10,246,000

PROGRAM CONTRACT COSTS, less current portion

5,075,000

1,484,000

5,075,000

1,484,000

PROPERTY AND EQUIPMENT, net

11,081,000

10,806,000

11,081,000

10,806,000

GOODWILL

6,357,000

BROADCAST LICENSES

16,768,000

14,927,000

16,768,000

14,927,000

DEFINITE-LIVED INTANGIBLE ASSETS, net

97,496,000

51,368,000

97,496,000

51,368,000

OTHER ASSETS

22,935,000

12,723,000

22,935,000

12,723,000

Total assets

194,068,000

107,911,000

194,068,000

107,911,000

CURRENT LIABILITIES:

Accounts payable

86,000

15,000

86,000

15,000

Accrued liabilities

2,536,000

186,000

2,536,000

186,000

Current portion of notes payable, capital leases and commercial bank financing

5,731,000

2,123,000

5,731,000

2,123,000

Current portion of program contracts payable

11,552,000

8,991,000

11,552,000

8,991,000

Total current liabilities

19,905,000

11,315,000

19,905,000

11,315,000

LONG-TERM LIABILITIES:

Notes payable, capital leases and commercial bank financing, less current portion

49,850,000

20,238,000

49,850,000

20,238,000

Program contracts payable, less current portion

6,597,000

2,080,000

6,597,000

2,080,000

Long term liabilities

10,838,000

Total liabilities

87,190,000

33,633,000

87,190,000

33,633,000

Consolidated VIEs, aggregated | Minimum

Variable Interest Entities

Initial term of certain outsourcing agreements

'5 years

Consolidated VIEs, aggregated | Cunningham

Variable Interest Entities

Number of television stations owned

Number of stations to which sales and other non-programming support services are provided

Consolidated VIEs | Cunningham

Variable Interest Entities

Number of television stations owned

Net revenue

107,600,000

105,500,000

90,300,000

LONG-TERM LIABILITIES:

Increase in additional paid in capital related to sale of investment in common stock

7,000,000

Consolidated VIEs | Eliminations

LONG-TERM LIABILITIES:

Liabilities associated with the certain outsourcing agreements and purchase options

59,900,000

36,200,000

59,900,000

36,200,000

Consolidated VIEs | Eliminations | Cunningham

LONG-TERM LIABILITIES:

Total payments made under the LMA excluded from liabilities

32,400,000

29,800,000

32,400,000

29,800,000

Total capital leased assets excluded from VIE consolidation

$11,200,000

$11,700,000

$11,200,000

$11,700,000

[1]

Our consolidated total assets as of December 31, 2013 and 2012 include total assets of variable interest entities (VIEs) of $199.1 million and $107.9 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of December 31, 2013 and 2012 include total liabilities of the VIEs of $25.1 million and $7.9 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 1: Nature of Operations and Summary of Significant Accounting Policies.

NATURE_OF_OPERATIONS_AND_SUMMA6

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details 4) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Variable Interest Entities	'	'	'
Net broadcast revenues	$1,217,504,000	$920,593,000	$648,002,000
Station production expenses	385,104,000	255,556,000	178,612,000
Income from equity and cost method investments	621,000	9,670,000	3,269,000
VIEs which are not primary beneficiary	'	'	'
Variable Interest Entities	'	'	'
Carrying amount	26,700,000	31,000,000	'
Income from equity and cost method investments	2,100,000	6,400,000	2,800,000
Freedom	'	'	'
Variable Interest Entities	'	'	'
Net broadcast revenues	'	10,000,000	'
Station production expenses	'	7,800,000	'
Four Points and Freedom LMAs	'	'	'
Variable Interest Entities	'	'	'
Net broadcast revenues	'	'	10,800,000
Station production expenses	'	'	$7,700,000

NATURE_OF_OPERATIONS_AND_SUMMA7

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details 5) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Rollforward of the allowance for doubtful accounts	'	'	'
Balance at beginning of period	$3,091,000	$3,008,000	$3,242,000
Charged to expense	1,802,000	1,141,000	751,000
Net write-offs	-1,514,000	-1,058,000	-985,000
Balance at end of period	3,379,000	3,091,000	3,008,000
Restricted cash	'	'	'
Restricted cash to be held, related to removal of analog equipment	11,747,000	225,000	'
New Age Media	'	'	'
Restricted cash	'	'	'
Deposit in escrow account as a percentage of purchase price	10.00%	'	'
Peak Media	'	'	'
Restricted cash	'	'	'
Deposit in escrow account as a percentage of purchase price	10.00%	'	'
Acquisitions	'	'	'
Restricted cash	'	'	'
Restricted cash classified as noncurrent	11,400,000	'	'
Leased Towers	'	'	'
Restricted cash	'	'	'
Restricted cash to be held, related to removal of analog equipment	$200,000	$200,000	'

NATURE_OF_OPERATIONS_AND_SUMMA8

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details 6) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	item	item	Dec. 31, 2011
Programming	'	'	'
Period used in accelerated method for computing program contract costs	'4 years	'	'
Period of program contracts amortized on straight-line basis	'1 year	'	'
Other Assets	'	'	'
Equity and cost method investments	$98,385,000	$94,924,000	'
Unamortized costs related to debt issuances	46,150,000	40,260,000	'
Other	63,674,000	54,800,000	'
Total other assets	208,209,000	189,984,000	'
Unfunded commitments related to private equity investment funds	17,000,000	8,900,000	'
Impairment on investments	$600,000	$1,300,000	$0
Number of investments on which impairment recorded	2	2	'
Minimum	'	'	'
Programming	'	'	'
Contract period	'1 year	'	'
Maximum	'	'	'
Programming	'	'	'
Contract period	'7 years	'	'

NATURE_OF_OPERATIONS_AND_SUMMA9

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details 7) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Apr. 30, 2013	Jun. 30, 2012
			Network affiliation agreements	Network affiliation agreements
			FOX	FOX
Accrued Liabilities	'	'	'	'
Compensation and employee health insurance	$44,800,000	$32,099,000	'	'
Interest	25,133,000	18,885,000	'	'
Deferred revenue	20,128,000	14,734,000	'	'
Other accruals relating to operating expenses	92,124,000	78,013,000	'	25,000,000
Total accrued liabilities	182,185,000	143,731,000	'	'
Accrued Liabilities	'	'	'	'
Amount paid pursuant to the agreements	'	'	$25,000,000	$25,000,000

Recovered_Sheet1

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details 8) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Supplemental Information - Statements of Cash Flows	'	'	'
Income taxes paid related to continuing operations	$26,037,000	$46,964,000	$897,000
Income tax refunds received related to continuing operations	4,414,000	194,000	5,000
Interest paid	147,083,000	110,973,000	98,643,000
Non- cash transactions	'	'	'
Non-cash transactions related to capital lease obligations	10,400,000	300,000	2,300,000
Advertising Expenses	'	'	'
Total advertising expenses	15,400,000	12,200,000	8,700,000
4.875% Notes	'	'	'
Non- cash transactions	'	'	'
Interest rate (as a percent)	4.88%	4.88%	'
Non-cash conversion, net of tax	$8,600,000	'	'

Recovered_Sheet2

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details 9) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
			Fisher SERP	Fisher SERP	Fisher SERP	Fisher SERP
				Fisher	Fisher	Fisher
					Accrued expenses	Other long-term liabilities
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	'	'	'	'	'	'
Liability related to underfunded status of defined benefit pension plan	$1,900,000	$5,500,000	'	'	'	'
Post-retirement Benefits	'	'	'	'	'	'
Carrying value of annuity contracts and life insurance policies	'	'	'	18,200,000	'	'
Estimated projected benefit obligation	'	'	'	22,000,000	1,500,000	20,500,000
Benefit payments	'	'	'	500,000	'	'
Periodic pension expense	'	'	'	400,000	'	'
Actuarial gain	'	'	'	200,000	'	'
Discount rate for projected benefit obligation (as a percent)	'	'	'	4.51%	'	'
Future expected benefits payment	'	'	'	'	'	'
2014	'	'	1,489,000	'	'	'
2015	'	'	1,601,000	'	'	'
2016	'	'	1,686,000	'	'	'
2017	'	'	1,624,000	'	'	'
2018	'	'	1,580,000	'	'	'
Next 5 years	'	'	7,366,000	'	'	'
Total accrued liabilities	'	'	$15,346,000	'	'	'

ACQUISITIONS_Details

ACQUISITIONS (Details) (USD $)

0 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

1 Months Ended

0 Months Ended

12 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

5 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

Oct. 02, 2012

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 01, 2012

Dec. 31, 2013

Dec. 31, 2012

Oct. 31, 2013

Oct. 12, 2012

Dec. 31, 2013

Jan. 02, 2012

Dec. 31, 2013

Dec. 31, 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

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 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

Dec. 01, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 01, 2012

Feb. 01, 2013

Dec. 01, 2012

Aug. 08, 2013

Dec. 31, 2013

Aug. 08, 2013

Nov. 22, 2013

Dec. 31, 2013

Nov. 22, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

31-May-13

Dec. 31, 2013

market

station

market

WLWC-TV

WSTR and KMYS

WLAJ-TV

Term Loan A

6.125% Notes

Four Points

Freedom

Newport

WPMI and WJTC

WHAM

WLYH VIEs

Fisher Communications

Barrington Broadcasting Company, LLC

Other acquisitions

WTTA-TV

Stations acquired in 2013

Stations acquired in 2012

CMG

TTBG LLC

station

Deerfield

market

LMA

Network affiliations

Decaying advertiser base

Other intangible assets

Term Loan B

market

Network affiliations

Decaying advertiser base

Other intangible assets

Term Loan A

Term Loan B

market

Network affiliations

Decaying advertiser base

Other intangible assets

6.125% Notes

Deerfield

market

KIDK and KXPI

Network affiliations

Decaying advertiser base

Other intangible assets

station

LMA

Cunningham

Network affiliations

Decaying advertiser base

Other intangible assets

market

Network affiliations

Decaying advertiser base

Other intangible assets

market

station

market

station

Acquisitions

Number of television stations

149

Number of markets

Number of stations to which sales services were provided

Number of radio stations in Seattle market

Cash paid for acquisition (in dollars per share)

$41

Cash paid

$200,000,000

$385,000,000

$460,500,000

$373,200,000

$370,000,000

$272,700,000

$45,100,000

Working capital adjustment

-900,000

300,000

-1,000,000

-1,300,000

-2,400,000

9,500,000

-700,000

Noncontrolling interests related to the license assets

7,500,000

4,400,000

Amount of draw under incremental loan commitment used to finance acquisition

445,000,000

500,000,000

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%

Number of stations whose license assets were sold

Price of assets acquired/sold

10,700,000

6,000,000

200,000

6,300,000

15,000,000

22,000,000

Loss on sale of station

3,300,000

Allocated fair value of acquired assets and assumed liabilities

Cash

13,531,000

Accounts receivable

29,962,000

8,226,000

Prepaid expenses and other current assets

456,000

373,000

1,390,000

19,337,000

681,000

5,217,000

160,000

Program contract costs

3,731,000

3,520,000

10,378,000

10,968,000

3,813,000

6,182,000

1,638,000

Property and equipment

34,578,000

54,109,000

53,883,000

48,616,000

67,519,000

54,148,000

16,545,000

Deferred tax asset

3,888,000

Broadcast licenses

10,658,000

10,424,000

15,581,000

11,058,000

719,000

3,736,000

2,679,000

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

155,073,000

100,600,000

15,000,000

39,500,000

220,535,000

99,300,000

43,800,000

77,400,000

147,191,000

22,546,000

Other assets

548,000

278,000

1,097,000

8,348,000

Assets held for sale

6,339,000

Accrued liabilities

-381,000

-589,000

-3,928,000

-3,926,000

-1,178,000

Accounts payable and accrued liabilities

-20,384,000

-2,725,000

Program contracts payable

-5,157,000

-3,404,000

-11,634,000

-10,977,000

-3,813,000

-6,331,000

-4,252,000

Deferred tax liability

-51,024,000

Other long-term liabilities

-22,127,000

-65,000

-10,300,000

Fair value of identifiable net assets acquired

138,233,000

205,674,000

306,780,000

198,720,000

286,664,000

208,031,000

38,138,000

Goodwill

330,309,000

425,822,000

60,843,000

179,609,000

164,621,000

174,476,000

81,022,000

74,847,000

10,661,000

Total

199,076,000

385,283,000

471,401,000

373,196,000

367,686,000

282,878,000

48,799,000

Goodwill deductible for tax purposes

11,100,000

Amortization period

'15 years

'10 years

'15 years

'10 years

'15 years

'10 years

'15 years

'10 years

'15 years

'10 years

'15 years

'10 years

'14 years

Weighted average life

'14 years

'16 years

'14 years

'15 years

'14 years

Amount paid for funding working capital needs

8,100,000

9,600,000

1,500,000

Transaction costs

600,000

700,000

Net broadcast revenues

1,217,504,000

920,593,000

648,002,000

73,700,000

70,000,000

8,800,000

10,000,000

108,600,000

91,000,000

2,000,000

149,000,000

11,700,000

79,100,000

16,900,000

52,400,000

21,500,000

5,000,000

Operating income (loss)

103,286,000

72,798,000

84,280,000

63,656,000

119,097,000

78,399,000

71,887,000

59,895,000

324,020,000

329,285,000

225,638,000

19,800,000

17,300,000

29,400,000

32,500,000

35,800,000

2,900,000

19,100,000

4,100,000

Severance expense related to executives and employees

4,300,000

Net broadcast revenues

1,400,000

5,500,000

700,000

3,800,000

Operating income (loss)

200,000

100,000

900,000

Costs incurred in corporate, general and administrative expenses

2,800,000

1,200,000

600,000

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

1,580,883,000

1,513,975,000

1,210,257,000

Net Income

56,657,000

153,807,000

151,751,000

Net Income attributable to Sinclair Broadcast Group

$54,308,000

$153,370,000

$151,352,000

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

$0.58

$1.89

$1.86

STOCKBASED_COMPENSATION_PLANS_1

STOCK-BASED COMPENSATION PLANS: (Details) (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	item	Dec. 31, 2012	Dec. 31, 2011
STOCK-BASED COMPENSATION PLANS:	'	'	'
Number of types of equity-based compensation awards	7	'	'
Compensation expense	$2.70	$1.20	$1
RSAs	'	'	'
Unrecognized compensation expense	$2.50	'	'
RSAs	'	'	'
RSAs	'	'	'
Outstanding at the beginning of the period (in shares)	158,500	'	'
Granted (in shares)	314,000	'	'
Vested (in shares)	-102,500	'	'
Outstanding at the end of the period (in shares)	370,000	'	'
Weighted-Average Price	'	'	'
Outstanding at the beginning of the period (in dollars per share)	$11.79	'	'
Granted (in dollars per share)	$14.19	'	'
Vested (in dollars per share)	$11.84	'	'
Outstanding at the end of the period (in dollars per share)	$13.81	'	'
LTIP \| Stock Options	'	'	'
STOCK-BASED COMPENSATION PLANS:	'	'	'
Expiration period of stock options issued to employees following the date of grant	'10 years	'	'
Options	'	'	'
Outstanding at the beginning of the period (in shares)	129,500	'	'
Exercised (in shares)	-100,000	'	'
Cancelled (in shares)	-17,000	'	'
Outstanding at the end of the period (in shares)	12,500	'	'
Weighted-Average Exercise Price	'	'	'
Outstanding at the beginning of the period (in dollars per share)	$11.73	'	'
Exercised (in dollars per share)	$11.86	'	'
Cancelled (in dollars per share)	$11.71	'	'
Outstanding at the end of the period (in dollars per share)	$10.75	'	'
Exercisable (in shares)	12,500	129,500	'
Weighted-Average Exercise Price (in dollars per share)	$10.75	$11.73	'
LTIP \| RSAs issued in 2013	'	'	'
RSAs	'	'	'
Vesting period	'2 years	'	'
Percentage of restriction to be lapsed in year one from grant date	50.00%	'	'
Percentage of restriction to be lapsed in year two from grant date	50.00%	'	'
LTIP \| RSAs issued in 2012	'	'	'
RSAs	'	'	'
Vesting period	'2 years	'	'
Percentage of restriction to be lapsed in year one from grant date	50.00%	'	'
Percentage of restriction to be lapsed in year two from grant date	50.00%	'	'
LTIP \| RSAs issued in 2011	'	'	'
RSAs	'	'	'
Vesting period	'2 years	'	'
Percentage of restriction to be lapsed in year one from grant date	50.00%	'	'
Percentage of restriction to be lapsed in year two from grant date	50.00%	'	'
LTIP \| RSAs issued prior to 2010	'	'	'
RSAs	'	'	'
Vesting period	'3 years	'	'
Percentage of restriction to be lapsed in year one from grant date	25.00%	'	'
Percentage of restriction to be lapsed in year two from grant date	25.00%	'	'
Percentage of restriction to be lapsed in year three from grant date	50.00%	'	'
LTIP \| Class A Common Stock	'	'	'
STOCK-BASED COMPENSATION PLANS:	'	'	'
Number of shares reserved for award	14,000,000	'	'
Number of shares (including forfeited shares) available for future grants	8,682,809	'	'

STOCKBASED_COMPENSATION_PLANS_2

STOCK-BASED COMPENSATION PLANS: (Details 2) (USD $)	12 Months Ended
STOCK-BASED COMPENSATION PLANS: (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Assumptions used to value stock options under the ESPP	'	'	'
Stock-based compensation expense	$2,700,000	$1,200,000	$1,000,000
ESPP	'	'	'
ESPP	'	'	'
Percentage of the fair market value of common stock as of the first day of the quarter or on last day of the quarter	85.00%	'	'
Maximum amount of common stock that can be purchased by participant over all payroll deduction periods ending during the same calendar year	25,000	'	'
Assumptions used to value stock options under the ESPP	'	'	'
Risk-free interest rate (as a percent)	0.10%	0.10%	0.40%
Expected life	'3 months	'3 months	'3 months
Expected volatility, low end of the range (as a percent)	37.00%	38.00%	38.00%
Expected volatility, high end of the range (as a percent)	60.00%	53.00%	67.00%
Weighted average volatility (as a percent)	44.00%	44.00%	51.00%
Number of months upon which expected volatility is based	'3 months	'	'
Stock-based compensation expense	$300,000	$200,000	$100,000
ESPP \| Minimum	'	'	'
ESPP	'	'	'
Notice period before last day of the payroll deduction period for stopping payroll contribution	'30 days	'	'
Assumptions used to value stock options under the ESPP	'	'	'
Annual dividend yield (as a percent)	1.80%	4.30%	3.80%
ESPP \| Maximum	'	'	'
Assumptions used to value stock options under the ESPP	'	'	'
Annual dividend yield (as a percent)	4.70%	6.70%	6.60%
Number of shares issued to employees	100,000	'	'
ESPP \| Weighted average	'	'	'
Assumptions used to value stock options under the ESPP	'	'	'
Annual dividend yield (as a percent)	4.20%	5.20%	5.40%

STOCKBASED_COMPENSATION_PLANS_3

STOCK-BASED COMPENSATION PLANS: (Details 3) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
STOCK-BASED COMPENSATION PLANS:	'	'	'
Maximum match as a percentage of elective deferrals by eligible employees	50.00%	'	'
Maximum match as a percentage of employee's total cash compensation	4.00%	'	'
Compensation expense relating to match	$3.10	$1.60	$1.30

STOCKBASED_COMPENSATION_PLANS_4

STOCK-BASED COMPENSATION PLANS: (Details 4) (USD $)

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

In Millions, except Share data, unless otherwise specified

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Feb. 05, 2013

Mar. 09, 2012

Mar. 22, 2011

Dec. 31, 2013

Dec. 31, 2011

Jun. 06, 2013

Jun. 14, 2012

Jun. 03, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

SARs

Subsidiary Stock Awards

Stock Grants to Non-Employee Directors

LTIP

SARs

Stock Grants to Non-Employee Directors

David Smith, President and Chief Executive Officer

Class A Common Stock

SARs

Base value of rights granted (in dollars per share)

$14.21

$11.68

$12.07

Grant date fair value of rights granted

$3.20

$2.20

Term of rights

'10 years

Assumptions used in valuation of SARs

Risk-free interest rate (as a percent)

0.90%

3.60%

Expected life

'5 years

'10 years

Expected volatility (as a percent)

73.00%

68.00%

Annual dividend yield (as a percent)

4.30%

5.20%

2.30%

SARs

Compensation expense

$2.70

$1.20

$3.20

$2.20

$0.30

$0.70

$2.90

$0.80

$0.20

Number of shares received by non-employee director

6,250

5,000

Granted (in shares)

31,250

25,000

Fair value (in dollars per share)

$24.30

$8.12

$9.39

SARs

Outstanding at the beginning of the year (in shares)

900,000

Granted (in shares)

500,000

400,000

300,000

Exercised (in shares)

650,000

Outstanding at the end of the year (in shares)

1,400,000

900,000

237,947

Weighted-Average Price

Outstanding at the beginning of the year (in dollars per share)

$12.72

Granted (in dollars per share)

$14.21

Outstanding at the end of the year (in dollars per share)

$13.25

$12.72

PROPERTY_AND_EQUIPMENT_Details

PROPERTY AND EQUIPMENT: (Details) (USD $)	12 Months Ended
PROPERTY AND EQUIPMENT: (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Property and equipment	'	'	'
Property and equipment, gross	$1,037,632,000	$828,866,000	'
Less: accumulated depreciation	-441,561,000	-389,153,000	'
Property and equipment, net	596,071,000	439,713,000	'
Capital lease depreciation expense	4,000,000	3,500,000	3,800,000
Land and improvements	'	'	'
Property and equipment	'	'	'
Property and equipment, gross	37,517,000	33,932,000	'
Real estate held for development and sale	'	'	'
Property and equipment	'	'	'
Property and equipment, gross	67,037,000	56,419,000	'
Buildings and improvements	'	'	'
Property and equipment	'	'	'
Property and equipment, gross	168,441,000	135,162,000	'
Buildings and improvements \| Minimum	'	'	'
Property and equipment	'	'	'
Estimated useful lives	'10 years	'	'
Buildings and improvements \| Maximum	'	'	'
Property and equipment	'	'	'
Estimated useful lives	'30 years	'	'
Station equipment	'	'	'
Property and equipment	'	'	'
Property and equipment, gross	572,851,000	425,823,000	'
Station equipment \| Minimum	'	'	'
Property and equipment	'	'	'
Estimated useful lives	'5 years	'	'
Station equipment \| Maximum	'	'	'
Property and equipment	'	'	'
Estimated useful lives	'10 years	'	'
Office furniture and equipment	'	'	'
Property and equipment	'	'	'
Property and equipment, gross	50,210,000	41,134,000	'
Office furniture and equipment \| Minimum	'	'	'
Property and equipment	'	'	'
Estimated useful lives	'5 years	'	'
Office furniture and equipment \| Maximum	'	'	'
Property and equipment	'	'	'
Estimated useful lives	'10 years	'	'
Leasehold improvements	'	'	'
Property and equipment	'	'	'
Property and equipment, gross	19,453,000	18,362,000	'
Leasehold improvements \| Minimum	'	'	'
Property and equipment	'	'	'
Estimated useful lives	'10 years	'	'
Leasehold improvements \| Maximum	'	'	'
Property and equipment	'	'	'
Estimated useful lives	'30 years	'	'
Automotive equipment	'	'	'
Property and equipment	'	'	'
Property and equipment, gross	23,443,000	20,634,000	'
Automotive equipment \| Minimum	'	'	'
Property and equipment	'	'	'
Estimated useful lives	'3 years	'	'
Automotive equipment \| Maximum	'	'	'
Property and equipment	'	'	'
Estimated useful lives	'5 years	'	'
Capital leased assets	'	'	'
Property and equipment	'	'	'
Property and equipment, gross	81,602,000	79,126,000	'
Construction in progress	'	'	'
Property and equipment	'	'	'
Property and equipment, gross	$17,078,000	$18,274,000	'

GOODWILL_BROADCAST_LICENSES_AN2

GOODWILL, BROADCAST LICENSES AND OTHER INTANGIBLE ASSETS: (Details) (USD $)	12 Months Ended				12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	Dec. 31, 2013	Dec. 31, 2012	Consolidated VIEs	Consolidated VIEs	Broadcast	Broadcast	Other Operating Divisions	Other Operating Divisions	Other Operating Divisions
Change in the carrying amount of goodwill related to continuing operations	'	'	'	'	'	'	'	'	'
Goodwill, gross	$1,487,605	$1,073,690	'	'	$1,484,117	$1,070,202	$3,488	$3,488	$3,488
Accumulated impairment losses	-413,573	-413,573	'	'	-413,573	-413,573	'	'	'
Goodwill, net	1,074,032	660,117	6,400	6,400	1,070,544	656,629	3,488	3,488	3,488
Acquisition of television stations	330,309	425,822	'	'	330,309	425,822	'	'	'
Sale of broadcast assets	-14,724	'	'	'	-14,724	'	'	'	'
Measurement period adjustments related to 2012 acquisitions	-9,535	'	'	'	-9,535	'	'	'	'
Reclassification of goodwill to assets held for sale	'	-11,907	'	'	'	-11,907	'	'	'
Goodwill, gross	1,793,655	1,487,605	'	'	1,790,167	1,484,117	3,488	3,488	3,488
Accumulated impairment losses	-413,573	-413,573	'	'	-413,573	-413,573	'	'	'
Goodwill, net	$1,380,082	$1,074,032	$6,400	$6,400	$1,376,594	$1,070,544	$3,488	$3,488	$3,488

GOODWILL_BROADCAST_LICENSES_AN3

GOODWILL, BROADCAST LICENSES AND OTHER INTANGIBLE ASSETS: (Details 2) (USD $)	0 Months Ended	3 Months Ended	12 Months Ended				12 Months Ended
	Oct. 02, 2012	Mar. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
	market	station	market		Consolidated VIEs	Consolidated VIEs	Broadcast licenses	Broadcast licenses	Broadcast licenses	Broadcast licenses
									Consolidated VIEs	Consolidated VIEs
Carrying amount of our broadcast licenses	'	'	'	'	'	'	'	'	'	'
Beginning balance	'	'	'	'	'	'	$85,122,000	$47,002,000	'	'
Acquisition of television stations	'	'	'	'	'	'	15,514,000	38,924,000	'	'
Sale of broadcast assets	'	'	-49,738,000	'	'	'	-25,000	'	'	'
Measurement period adjustments related to 2012 acquisitions	'	'	-9,535,000	'	'	'	418,000	'	'	'
Reclassification of broadcast license to assets held for sale	'	'	'	'	'	'	'	-804,000	'	'
Ending balance	'	'	'	'	'	'	101,029,000	85,122,000	'	'
Broadcast licenses	'	'	101,029,000	85,122,000	16,768,000	14,927,000	'	'	16,800,000	14,900,000
Number of television stations converted to full power	'	1	'	'	'	'	'	'	'	'
Number of markets	3	'	71	'	'	'	'	'	'	'
Minimum percentage of excess of fair value of goodwill over its carrying value	'	'	10.00%	'	'	'	'	'	'	'
Goodwill tested under Step 1 for impairment	$79,500,000	'	'	'	'	'	'	'	'	'

GOODWILL_BROADCAST_LICENSES_AN4

GOODWILL, BROADCAST LICENSES AND OTHER INTANGIBLE ASSETS: (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2011	Dec. 31, 2011	Dec. 31, 2011	Dec. 31, 2011
			Broadcast licenses	Broadcast licenses	Significant Unobservable Inputs (Level 3)	Carrying Value
					Broadcast licenses	Broadcast licenses
Goodwill, broadcast licenses and other intangible assets	'	'	'	'	'	'
Broadcast licenses	$101,029,000	$85,122,000	'	'	$1,265,000	$1,265,000
Total Impairment Losses	'	'	400,000	398,000	'	'
Carrying value of broadcast licenses not impaired	'	'	'	$45,700,000	'	'

GOODWILL_BROADCAST_LICENSES_AN5

GOODWILL, BROADCAST LICENSES AND OTHER INTANGIBLE ASSETS: (Details 4) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Amortized intangible assets:	'	'	'
Gross Carrying Amount	$1,519,758,000	$954,126,000	'
Accumulated Amortization	-392,003,000	-330,720,000	'
Net	1,127,755,000	623,406,000	'
Amortization expenses	70,820,000	38,099,000	18,229,000
Impairment charges for definite-lived intangibles	0	0	0
Estimated amortization expense of the definite-lived intangible assets	'	'	'
Net	1,127,755,000	623,406,000	'
Amortized intangible assets:	'	'	'
Amortized intangible assets:	'	'	'
Net	1,127,755,000	'	'
Weighted-average useful life subject to amortization acquired	'14 years	'	'
Amortization expenses	70,800,000	38,100,000	18,200,000
Estimated amortization expense of the definite-lived intangible assets	'	'	'
For the year ended December 31, 2014	97,242,000	'	'
For the year ended December 31, 2015	96,845,000	'	'
For the year ended December 31, 2016	96,275,000	'	'
For the year ended December 31, 2017	95,696,000	'	'
For the year ended December 31, 2018	86,313,000	'	'
Thereafter	655,384,000	'	'
Net	1,127,755,000	'	'
Amortized intangible assets: \| Minimum	'	'	'
Amortized intangible assets:	'	'	'
Amortization period	'5 years	'	'
Amortized intangible assets: \| Maximum	'	'	'
Amortized intangible assets:	'	'	'
Amortization period	'25 years	'	'
Network affiliations	'	'	'
Amortized intangible assets:	'	'	'
Gross Carrying Amount	869,535,000	580,929,000	'
Accumulated Amortization	-195,037,000	-160,166,000	'
Net	674,498,000	420,763,000	'
Assets acquired in acquisition	279,000,000	343,000,000	'
Estimated amortization expense of the definite-lived intangible assets	'	'	'
Net	674,498,000	420,763,000	'
Decaying advertiser base	'	'	'
Amortized intangible assets:	'	'	'
Gross Carrying Amount	260,454,000	178,094,000	'
Accumulated Amortization	-135,978,000	-121,919,000	'
Net	124,476,000	56,175,000	'
Assets acquired in acquisition	84,300,000	56,900,000	'
Estimated amortization expense of the definite-lived intangible assets	'	'	'
Net	124,476,000	56,175,000	'
Other	'	'	'
Amortized intangible assets:	'	'	'
Gross Carrying Amount	389,769,000	195,103,000	'
Accumulated Amortization	-60,988,000	-48,635,000	'
Net	328,781,000	146,468,000	'
Assets acquired in acquisition	159,500,000	79,400,000	'
Estimated amortization expense of the definite-lived intangible assets	'	'	'
Net	$328,781,000	$146,468,000	'

NOTES_PAYABLE_AND_COMMERCIAL_B2

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

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

0 Months Ended

12 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

0 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Oct. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Apr. 30, 2012

Oct. 31, 2013

Apr. 09, 2013

Dec. 31, 2013

Dec. 31, 2012

Jan. 31, 2012

Apr. 30, 2012

Apr. 09, 2013

Oct. 31, 2013

Apr. 09, 2013

Dec. 31, 2013

Oct. 11, 2013

Dec. 31, 2013

Jan. 24, 2014

Oct. 11, 2013

Jun. 28, 2013

Apr. 02, 2013

Dec. 31, 2013

Apr. 02, 2013

Jun. 28, 2013

Oct. 12, 2012

Dec. 31, 2013

Dec. 31, 2012

Oct. 12, 2012

Oct. 04, 2010

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Oct. 04, 2010

Dec. 31, 2013

Oct. 12, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Oct. 12, 2013

Oct. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Oct. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Oct. 31, 2013

Apr. 09, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Tower leases

Building leases

Broadcast

Corporate

Operating segments

Minimum

Maximum

Bank Credit Agreement

Notes and Bank Credit Agreement

Term Loan A

Term Loan B

6.375% Senior Unsecured Notes, due 2021

5.375% Senior Unsecured Notes, due 2021

6.125% Senior Unsecured Notes, due 2022

8.375% Senior Unsecured Notes, due 2018

9.25% Senior Secured Second Lien Notes due 2017

4.875% Convertible Senior Notes

3.0% Convertible Senior Notes, due 2027

Revolving line of credit

Debt of variable interest entities

Other operating divisions debt (all non-recourse)

Capital Leases

Debt of variable interest entities

Debt of variable interest entities (non-recourse)

lease

Tower leases

Building leases

Software leases

Building leases

Capital equipment lease

Capital leases

Freedom

Bank Credit Agreement

Four Points

Freedom

Bank Credit Agreement

Notes and Bank Credit Agreement

Forecast

Period on or prior to November 1, 2016

Period prior to April 1, 2016

Period on or prior to April 1, 2016

Period prior to October 1, 2017

Period on or prior to October 1,2015

Period prior to October 15, 2014

Period on or prior to October 15, 2013

Notes and Bank Credit Agreement

Bank Credit Agreement

LIBOR

lease

LIBOR

Notes Payable And Commercial Bank Financing

Amount of debt issued

$445,000,000

$157,500,000

$200,000,000

$180,000,000

$192,500,000

$250,000,000

$350,000,000

$600,000,000

$500,000,000

$250,000,000

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

6.38%

5.38%

6.13%

8.38%

9.25%

4.88%

3.00%

Variable rate basis

'LIBOR

Interest rate margin (as a percent)

2.25%

2.50%

Fixed interest rate (as a percent)

6.50%

LIBOR floor (as a percent)

0.75%

Borrowing capacity

700,000,000

500,000,000

400,000,000

650,000,000

5,700,000

5,400,000

157,500,000

100,000,000

55,600,000

Borrowing capacity before the Amendment

500,000,000

400,000,000

100,000,000

Long-term debt balance

48,000,000

First Lien Indebtedness to EBITDA ratio before the Amendment

3.5

First Lien Indebtedness to EBITDA ratio

3.75

Interest expense

27,300,000

35,700,000

19,600,000

4,900,000

24,100,000

30,500,000

20,300,000

20,200,000

21,000,000

37,300,000

47,700,000

47,600,000

1,200,000

1,000,000

3,200,000

3,100,000

3,700,000

300,000

1,000,000

Debt refinancing costs

2,400,000

6,300,000

6,100,000

Deferred financing costs related to amendment

14,900,000

2,300,000

Weighted average effective interest rate (as a percent)

2.51%

2.53%

3.29%

4.40%

6.38%

5.38%

6.13%

8.65%

9.74%

Threshold percentage of aggregate broadcast cash flows used for defining material third-party licensees

10.00%

Percentage of par value at which debt was issued

100.00%

98.57%

Redemption price of the debt instrument (as a percent)

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%

Purchase price offer as percentage of face amount plus accrued and unpaid interest

101.00%

Debt repurchased from open market

12,500,000

(Gain) loss on extinguishment of debt

58,421,000

335,000

4,847,000

300,000

43,100,000

-1,000,000

Redemption of the equity component recorded as reduction in additional paid-in capital, net of taxes

5,100,000

Write-off of unamortized deferred financing costs

9,500,000

Write-off of unamortized debt discount

8,200,000

Unpaid principal of and interest on the loans guaranteed by entity

30,200,000

Gross amount of debt

3,018,695,000

2,277,123,000

500,000,000

263,875,000

646,375,000

587,656,000

350,000,000

600,000,000

500,000,000

237,530,000

500,000,000

5,685,000

5,400,000

48,000,000

86,263,000

65,663,000

42,946,000

43,364,000

30,231,000

19,950,000

25,350,000

Plus: Accretion

332,000

Less: Discount

-3,642,000

-6,807,000

-3,642,000

-2,305,000

-2,677,000

-2,305,000

-9,483,000

Less: Current portion

-46,346,000

-47,622,000

Long term debt, non-current

2,966,402,000

2,210,866,000

Maturity of indebtedness under the notes payable, capital leases and the Bank Credit Agreement

2014

49,586,000

41,449,000

8,137,000

2015

112,284,000

106,849,000

5,435,000

2016

99,025,000

93,986,000

5,039,000

2017

95,191,000

90,113,000

5,078,000

2018

570,196,000

565,076,000

5,120,000

2019 and thereafter

2,122,503,000

2,078,299,000

44,204,000

Total minimum payments due

3,048,785,000

2,975,772,000

73,013,000

Less: Discount

-3,642,000

-6,807,000

-3,642,000

-2,305,000

-2,677,000

-2,305,000

-9,483,000

Less: Amount representing future interest

-30,090,000

Total minimum payments excluding interest

3,012,748,000

2,969,825,000

42,923,000

Number of capital leases

Capital leases , term

'18 years

'3 years

Term of renewal options

'5 years

'10 years

Redemption price

1,509,760,000

179,356,000

150,447,000

546,100,000

Percent of outstanding debt converted

Class A Common Stock issued upon conversion (in shares)

388,632

Increase in additional paid-in capital

8,600,000

Amount of tax as result of conversion of senior notes in the equity component recorded with change in additional paid-in capital

2,400,000

900,000

Convertible Debentures converted into Class A Common Stock, net of taxes

8,602,000

30,000

10,500,000

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

99.70%

100.00%

Face amount of outstanding notes

600,000,000

Face amount of debt redeemed

500,000,000

Accrued and unpaid interest and make-whole premium

$25,400,000

PROGRAM_CONTRACTS_Details

PROGRAM CONTRACTS: (Details) (USD $)	12 Months Ended
PROGRAM CONTRACTS: (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Future payments required under program contracts	'	'
2014	$90,933,000	'
2015	16,803,000	'
2016	8,693,000	'
2017	5,626,000	'
2018	3,559,000	'
Total	125,614,000	'
Less: Current portion	-90,933,000	-88,015,000
Long-term portion of program contracts payable	34,681,000	16,341,000
Lag period for film payments	'3 months	'
Program contract payments due in arrears	22,600,000	'
Non-cancelable commitments for future program rights	$163,800,000	'

COMMON_STOCK_Details

COMMON STOCK: (Details) (USD $)

1 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

Dec. 31, 2013

Nov. 30, 2013

Sep. 30, 2013

Aug. 31, 2013

Jun. 30, 2013

Apr. 30, 2013

Mar. 31, 2013

Feb. 28, 2013

Dec. 31, 2012

Nov. 30, 2012

Sep. 30, 2012

Aug. 31, 2012

Jun. 30, 2012

31-May-12

Mar. 31, 2012

Feb. 29, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Oct. 04, 2010

Dec. 31, 2013

Oct. 12, 2012

Dec. 31, 2013

Jun. 28, 2013

Apr. 02, 2013

Oct. 11, 2013

Dec. 31, 2013

7-May-13

Dec. 31, 2013

Dec. 31, 2012

8.375% Senior Notes due 2018

6.125% Notes

5.375% Senior Unsecured Notes, due 2021

6.375% Senior Notes, due 2021

Bank Credit Agreement

Class A Common Stock

Class B Common Stock

item

Common Stock

Number of votes holders of common stock are entitled for each share held

Number of Class B shares converted into Class A Common stock

2,905,502

Interest rate (as a percent)

8.38%

6.13%

5.38%

6.38%

Quarterly dividend declared (in dollars per share)

$0.15

$0.12

$0.60

$1.54

$0.48

Dividend paid (in dollars per share)

$0.15

$0.12

$0.60

Special cash dividend declared (in dollars per share)

Special cash dividend paid (in dollars per share)

$1.54

Amount of unrestricted annual cash payments

$200,000,000

Amount of unrestricted annual cash payments to be carry over to next year

50,000,000

Shares sold public offering

18,000,000

Offering price (in dollars per share)

$27.25

Net proceeds from public offering

$472,913,000

$472,900,000

INCOME_TAXES_Details

INCOME TAXES: (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
INCOME TAXES:	'	'	'
Provision for income taxes - continuing operations	$41,249	$67,852	$44,785
(Benefit) provision for income taxes - discontinued operations	-10,806	663	477
Income tax expense (benefit)	30,443	68,515	45,262
Current:	'	'	'
Federal	16,229	56,106	678
State	-8,305	4,095	1,055
Current income tax expense (benefit)	7,924	60,201	1,733
Deferred:	'	'	'
Federal	20,214	9,151	41,361
State	2,305	-837	2,168
Deferred income tax expense (benefit)	22,519	8,314	43,529
Income tax expense (benefit)	$30,443	$68,515	$45,262

INCOME_TAXES_Details_2

INCOME TAXES: (Details 2) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	Dec. 31, 2013	item	Dec. 31, 2011
Reconciliation of federal income taxes at the applicable statutory rate to the recorded provision from continuing operations	'	'	'
Federal statutory rate (as a percent)	35.00%	35.00%	35.00%
Amount of valuation allowance for deferred tax asset of consolidated VIEs released	'	$7.70	'
Number of variable interest entities for which the valuation allowance released	'	1	'
Adjustments-	'	'	'
State income taxes, net of federal tax benefit (as a percent)	8.30%	-0.40%	1.90%
Non-deductible expenses (as a percent)	1.40%	0.30%	0.40%
Domestic Production Activities Deduction (as a percent)	-3.80%	-1.40%	'
Effect of consolidated VIEs (as a percent)	3.70%	-3.40%	-0.70%
Change in state tax laws and rates (as a percent)	-5.50%	0.20%	0.50%
Other (as a percent)	0.90%	1.70%	-0.10%
Effective income tax rate (as a percent)	40.00%	32.00%	37.00%
Income tax provision related to expenses of consolidated VIEs	3.4	'	'
Additional benefit related to domestic production activities deduction	$2	'	'

INCOME_TAXES_Details_3

INCOME TAXES: (Details 3) (USD $)	12 Months Ended
INCOME TAXES: (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Net operating and capital losses:	'	'	'	'
Federal	$5,027,000	$5,738,000	'	'
State	63,051,000	66,990,000	'	'
Broadcast licenses	27,652,000	29,170,000	'	'
Intangibles	3,451,000	5,871,000	'	'
Other	35,677,000	33,803,000	'	'
Deferred tax assets, Gross	134,858,000	141,572,000	'	'
Valuation allowance for deferred tax assets	-51,062,000	-59,407,000	79,100,000	-77,600,000
Total deferred tax assets	83,796,000	82,165,000	'	'
Current and Long-Term Deferred Tax Liabilities:	'	'	'	'
Broadcast licenses	-20,395,000	-13,090,000	'	'
Intangibles	-270,008,000	-216,505,000	'	'
Property & equipment, net	-52,514,000	-25,359,000	'	'
Contingent interest obligations	-51,621,000	-52,388,000	'	'
Other	-2,037,000	-10,213,000	'	'
Total deferred tax liabilities	-396,575,000	-317,555,000	'	'
Net tax liabilities	-312,779,000	-235,390,000	'	'
Valuation allowance	'	'	'	'
Increase (decrease) in valuation allowance	-8,300,000	-19,700,000	1,600,000	'
Unrecognized tax benefits	'	'	'	'
Gross unrecognized tax benefits	16,883,000	25,965,000	26,088,000	26,125,000
Unrecognized tax benefits that would favorably affect entity's effective tax rates from continuing operations, if recognized	15,600,000	15,000,000	'	'
Unrecognized tax benefits that would favorably affect entity's effective tax rates from discontinued operations, if recognized	'	$6,800,000	'	'

INCOME_TAXES_Details_4

INCOME TAXES: (Details 4) (USD $)	3 Months Ended	12 Months Ended
INCOME TAXES: (Details 4) (USD $)	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Activity related to accrued unrecognized tax benefits	'	'	'	'
Balance at the beginning of the period	'	$25,965,000	$26,088,000	$26,125,000
Reductions related to prior years tax position	6,100,000	-8,928,000	-123,000	-127,000
Increases related to current year tax positions	'	693,000	'	90,000
Reductions related to settlements with taxing authorities	'	-847,000	'	'
Balance at the end of the period	'	16,883,000	25,965,000	26,088,000
Accrued interest and penalties related to unrecognized tax benefits	'	1,200,000	1,500,000	1,300,000
Maximum expected reduction in liability over next twelve months for unrecognized tax benefits related to continuing operations due to statue of limitations	'	$8,300,000	'	'

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES: (Details) (USD $)	12 Months Ended
COMMITMENTS AND CONTINGENCIES: (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating Leases	'	'	'
Rent expense from continuing operations under leases	$10,300,000	$6,700,000	$3,900,000
Future minimum payments under the leases	'	'	'
2014	13,318,000	'	'
2015	11,846,000	'	'
2016	10,924,000	'	'
2017	10,188,000	'	'
2018	9,012,000	'	'
2019 and thereafter	30,959,000	'	'
Total	86,247,000	'	'
Letters of credit outstanding	$3,100,000	'	'
Minimum	'	'	'
Operating Leases	'	'	'
Operating leases term	'1 year	'	'
Maximum	'	'	'
Operating Leases	'	'	'
Operating leases term	'40 years	'	'

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES: (Details 2) (USD $)

0 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

Oct. 02, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2008

Dec. 31, 2013

Aug. 08, 2013

Dec. 31, 2013

Apr. 30, 2013

Jun. 30, 2012

Dec. 31, 2013

Dec. 31, 2012

14-May-12

31-May-12

14-May-12

Jul. 31, 2013

Sep. 30, 2013

market

LMA

Fisher

TTBG

FOX

Network affiliation agreements

Option agreement

Pending acquisition agreement

station

item

station

market

station

FOX

FTS

Perpetual Corporation and Charleston Television, LLC

New Age Media

station

item

market

Maximum

WUTB (MNT) station in Baltimore

Scenario forecast

market

item

market

station

COMMITMENTS AND CONTINGENCIES

Number of affiliates

Purchase price pursuant to option

$2,700,000

Option to purchase stations, number of markets

Number of designated markets

Amount paid pursuant to the agreements

25,000,000

Other assets

208,209,000

189,984,000

50,000,000

Other accrued liabilities

92,124,000

78,013,000

25,000,000

Amortization of definite-lived intangible assets and other assets

70,820,000

38,099,000

18,229,000

8,900,000

5,600,000

Number of separately owned television stations having programming agreement

Number of stations that programs substantial portions of the broadcast day and sells advertising time to programming segments

Number of license applications withdrawn

Purchase price

$985,000,000

$90,000,000

Number of television stations owned

149

Number of markets

RELATED_PERSON_TRANSACTIONS_De

RELATED PERSON TRANSACTIONS: (Details) (USD $)

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Mar. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Nov. 30, 2013

Oct. 31, 2013

Nov. 05, 2009

Nov. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Oct. 02, 2012

Jul. 02, 2012

Jan. 02, 2010

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Entities owned by the controlling shareholders

Bay TV

Cunningham

Atlantic Automotive Corporation

David Smith

Thomas & Libowitz

Controlling shareholders

Affiliates

Leased assets or facilities

LMA

Barrington stations

LMA

Minimum

Maximum

Leased assets or facilities

Advertising time

Vehicles and related vehicle services

Leased assets or facilities

Legal services

Charter Aircraft

Capital lease for building, interest at 8.54%

Capital leases for building, interest at 8.11%

Capital lease for building and tower

Capital leases for broadcasting tower facilities, interest at 9.0%

Capital leases for broadcasting tower facilities, interest at 10.5%

station

item

LMA

item

Real estate ventures in Baltimore, MD

Real estate ventures in Towson, MD

item

Related person transactions

Right to acquire capital stock (as a percent)

100.00%

Amount paid

$5,200,000

$4,700,000

$4,400,000

$2,900,000

$2,200,000

$9,800,000

$15,700,000

$16,600,000

$1,100,000

$1,800,000

$1,100,000

$1,600,000

$1,000,000

$500,000

Price of assets acquired/sold

78,500,000

22,000,000

Loss on sale of station

Less: Current portion

-2,367,000

-1,704,000

-2,367,000

-1,704,000

Capital leases to affiliates, less current portion

18,925,000

13,187,000

18,925,000

13,187,000

Aircraft expense

900,000

600,000

200,000

Interest rate (as a percent)

8.54%

8.11%

7.93%

9.00%

10.50%

Capital leases payable maturity

2014

49,586,000

4,388,000

2015

112,284,000

4,402,000

2016

99,025,000

4,138,000

2017

95,191,000

4,102,000

2018

570,196,000

1,880,000

2019 and thereafter

2,122,503,000

13,045,000

Total minimum payments due

3,048,785,000

31,955,000

Interest expense

-10,631,000

Amount obligated to be paid

29,100,000

21,292,000

14,891,000

6,267,000

7,405,000

8,141,000

1,106,000

1,221,000

860,000

1,275,000

4,918,000

4,990,000

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%

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

100.00%

Number of stations to which programming, sales and managerial services were provided by the entity

Number of additional renewal terms

Agreement renewal period

'8 years

'5 years

Number of quarterly installments

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

78,500,000

22,000,000

Amount of purchase price reduction from quarterly installments

29,100,000

Annual increase in aggregate purchase price (as a percent)

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

Operating costs reimbursement (as a percent)

100.00%

Monthly payment required to be paid

50,000

Total revenues

427,715,000

338,644,000

314,154,000

282,618,000

329,517,000

258,713,000

251,074,000

222,375,000

1,363,131,000

1,061,679,000

765,288,000

107,600,000

105,500,000

90,300,000

94,300,000

700,000

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

21,200,000

Amount of working capital adjustment required to be paid to purchase license assets of KDBC-TV

200,000

Amount received

600,000

200,000

100,000

200,000

500,000

300,000

100,000

Annual rent

$1,000,000

$200,000

Number of restaurants owned by a related party

Number of real estate ventures

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE: (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income (Numerator)	'	'	'	'	'	'	'	'	'	'	'
Income from continuing operations	$4,237	$30,551	$12,956	$16,515	$58,752	$26,479	$30,131	$29,126	$64,259	$144,488	$76,588
Net (income) attributable to noncontrolling interests included in continuing operations	'	'	'	'	'	'	'	'	-2,349	-287	-379
Numerator for diluted earnings per common share from continuing operations available to common shareholders	'	'	'	'	'	'	'	'	61,910	144,381	76,389
Income (loss) from discontinued operations, net of taxes	'	6,100	5,103	355	643	-126	-1	-51	11,558	465	-411
Numerator for diluted earnings available to common shareholders	'	'	'	'	'	'	'	'	73,468	144,846	75,978
Shares (Denominator)	'	'	'	'	'	'	'	'	'	'	'
Weighted average common shares outstanding	'	'	'	'	'	'	'	'	93,207,000	81,020,000	80,217,000
Dilutive effect of outstanding stock settled appreciation rights, restricted stock awards and stock options (in shares)	'	'	'	'	'	'	'	'	638,000	36,000	61,000
Weighted-average common and common equivalent shares outstanding	'	'	'	'	'	'	'	'	93,845,000	81,310,000	80,532,000
Additional Disclosures	'	'	'	'	'	'	'	'	'	'	'
Antidilutive dilutive securities excluded from calculation of diluted earnings per share (in shares)	'	'	'	'	'	'	'	'	0	1,500,000	1,100,000
4.875% Notes	'	'	'	'	'	'	'	'	'	'	'
Earning Per Share	'	'	'	'	'	'	'	'	'	'	'
Interest rate (as a percent)	4.88%	'	'	'	4.88%	'	'	'	4.88%	4.88%	'
Income (Numerator)	'	'	'	'	'	'	'	'	'	'	'
Income impact of assumed conversion of debt securities, net of taxes	'	'	'	'	'	'	'	'	'	$180	$180
Shares (Denominator)	'	'	'	'	'	'	'	'	'	'	'
Dilutive effect of debt securities (in shares)	'	'	'	'	'	'	'	'	'	254,000	254,000

SEGMENT_DATA_Details

SEGMENT DATA: (Details) (USD $)

0 Months Ended

3 Months Ended

12 Months Ended

Oct. 02, 2012

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

market

SEGMENT DATA:

Intercompany loans

$171,900,000

$171,200,000

$171,900,000

$171,200,000

Intercompany interest expense

20,000,000

19,700,000

Segment data

Number of markets

Revenue

427,715,000

338,644,000

314,154,000

282,618,000

329,517,000

258,713,000

251,074,000

222,375,000

1,363,131,000

1,061,679,000

765,288,000

Depreciation of property and equipment

70,554,000

47,073,000

32,874,000

Amortization of definite-lived intangible assets and other assets

70,820,000

38,099,000

18,229,000

Amortization of program contract costs and net realizable value adjustments

80,925,000

60,990,000

52,079,000

Impairment of goodwill, intangible and other assets

398,000

General and administrative overhead expenses

53,126,000

33,391,000

28,310,000

Operating income (loss)

103,286,000

72,798,000

84,280,000

63,656,000

119,097,000

78,399,000

71,887,000

59,895,000

324,020,000

329,285,000

225,638,000

Interest expense

162,937,000

128,553,000

106,128,000

Income from equity and cost method investments

621,000

9,670,000

3,269,000

Goodwill

1,380,082,000

1,074,032,000

1,380,082,000

1,074,032,000

660,117,000

Assets

4,147,472,000

[1]

2,729,697,000

[1]

4,147,472,000

[1]

2,729,697,000

[1]

Capital expenditures

43,388,000

43,986,000

35,835,000

Broadcast

Segment data

Goodwill

1,376,594,000

1,070,544,000

1,376,594,000

1,070,544,000

656,629,000

Other Operating Divisions

Segment data

Goodwill

3,488,000

Operating segments | Broadcast

Segment data

Number of markets

Revenue

1,306,187,000

1,007,498,000

720,775,000

Depreciation of property and equipment

67,320,000

44,054,000

29,929,000

Amortization of definite-lived intangible assets and other assets

65,786,000

33,701,000

14,643,000

Amortization of program contract costs and net realizable value adjustments

80,925,000

60,990,000

52,079,000

Impairment of goodwill, intangible and other assets

398,000

General and administrative overhead expenses

47,272,000

28,854,000

24,760,000

Operating income (loss)

329,312,000

333,164,000

230,679,000

Goodwill

1,376,594,000

1,070,544,000

1,376,594,000

1,070,544,000

Assets

3,493,603,000

2,436,537,000

3,493,603,000

2,436,537,000

Capital expenditures

37,665,000

35,161,000

Operating segments | Other Operating Divisions

Segment data

Revenue

56,944,000

54,181,000

44,513,000

Depreciation of property and equipment

1,891,000

1,496,000

1,323,000

Amortization of definite-lived intangible assets and other assets

5,034,000

4,398,000

3,586,000

General and administrative overhead expenses

1,350,000

1,697,000

1,158,000

Operating income (loss)

555,000

491,000

-1,041,000

Interest expense

3,251,000

3,282,000

2,528,000

Income from equity and cost method investments

621,000

9,670,000

3,269,000

Goodwill

3,488,000

Assets

294,921,000

284,583,000

294,921,000

284,583,000

Capital expenditures

4,994,000

2,341,000

Corporate

Segment data

Depreciation of property and equipment

1,343,000

1,523,000

1,622,000

General and administrative overhead expenses

4,504,000

2,840,000

2,392,000

Operating income (loss)

-5,847,000

-4,377,000

-4,018,000

Interest expense

159,686,000

125,271,000

103,600,000

Assets

376,726,000

8,577,000

376,726,000

8,577,000

Capital expenditures

$2,700,000

$6,484,000

[1]

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS: (Details) (USD $)

Dec. 31, 2013

Oct. 12, 2013

Dec. 31, 2013

Oct. 04, 2010

Oct. 11, 2013

Dec. 31, 2013

Oct. 12, 2012

Dec. 31, 2013

Jun. 28, 2013

Apr. 02, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

9.25% Senior Second Lien Notes due 2017

8.375% Senior Notes due 2018

6.375% Senior Unsecured Notes, due 2021

6.125% Senior Unsecured Notes due 2022

5.375% Senior Unsecured Notes due 2021

4.875% Notes

3.0% Notes

Level 1

Level 2

Fair Value

Carrying Value

Fair Value

Cunningham

9.25% Senior Second Lien Notes due 2017

8.375% Senior Notes due 2018

6.375% Senior Unsecured Notes, due 2021

6.125% Senior Unsecured Notes due 2022

5.375% Senior Unsecured Notes due 2021

Term Loan A

Term Loan B

Debt of variable interest entities

Debt of other operating divisions

9.25% Senior Second Lien Notes due 2017

8.375% Senior Notes due 2018

6.375% Senior Unsecured Notes, due 2021

6.125% Senior Unsecured Notes due 2022

5.375% Senior Unsecured Notes due 2021

Term Loan A

Term Loan B

Debt of variable interest entities

Debt of other operating divisions

item

FAIR VALUE MEASUREMENTS:

Interest rate (as a percent)

9.25%

8.38%

6.38%

6.13%

5.38%

4.88%

3.00%

Fair Value

$490,517,000

$235,225,000

$234,853,000

$350,000,000

$500,000,000

$600,000,000

$500,000,000

$263,875,000

$642,734,000

$580,850,000

$55,581,000

$19,950,000

$86,263,000

$65,666,000

$552,500,000

$259,547,000

$265,886,000

$360,938,000

$497,525,000

$533,125,000

$582,078,000

$495,000,000

$262,556,000

$641,205,000

$589,125,000

$55,581,000

$19,950,000

$86,263,000

$65,666,000

Number of VIEs who classify investments as trading securities

Fair value of trading securities

$18,100,000

$6,400,000

CONDENSED_CONSOLIDATED_FINANCI2

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

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Jun. 28, 2013

Apr. 02, 2013

Dec. 31, 2013

Oct. 12, 2012

Dec. 31, 2013

Oct. 04, 2010

Dec. 31, 2013

Oct. 12, 2013

Oct. 11, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2011

Dec. 31, 2005

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2012

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

4.875% Notes

3.0% Notes

6.0% Notes

Sinclair Broadcast Group, Inc.

Sinclair Television Group, Inc.

Reportable legal entities

Eliminations

6.125% Senior Unsecured Notes, due 2022

8.375% Senior Notes due 2018

Sinclair Broadcast Group, Inc.

Sinclair Television Group, Inc.

Guarantor Subsidiaries and KDSM, LLC

Non-Guarantor Subsidiaries

CONDENSED CONSOLIDATING BALANCE SHEET

Interest rate (as a percent)

5.38%

6.13%

8.38%

9.25%

6.38%

4.88%

3.00%

6.00%

6.13%

8.38%

Consolidated total debt

$2,475,000,000

$2,380,600,000

Amount of debt guaranteed by parent

2,338,400,000

Cash

280,104,000

22,865,000

12,967,000

21,974,000

237,974,000

7,230,000

188,000

5,071,000

28,594,000

199,000

313,000

1,022,000

13,536,000

15,436,000

12,466,000

15,881,000

Accounts and other receivables

309,156,000

183,896,000

59,000

152,000

818,000

907,000

281,822,000

175,837,000

27,479,000

7,622,000

-1,022,000

-622,000

Other current assets

108,611,000

67,330,000

5,500,000

2,821,000

25,887,000

2,342,000

67,279,000

56,522,000

16,391,000

9,028,000

-6,446,000

-3,383,000

Assets held for sale

30,357,000

Total current assets

697,871,000

304,448,000

5,559,000

2,973,000

264,679,000

10,479,000

377,695,000

262,915,000

57,406,000

32,086,000

-7,468,000

-4,005,000

Property and equipment, net

596,071,000

439,713,000

5,017,000

6,315,000

13,561,000

8,938,000

454,917,000

321,873,000

130,019,000

113,454,000

-7,443,000

-10,867,000

Investment in consolidated subsidiaries

363,231,000

2,508,058,000

1,636,504,000

4,179,000

1,956,000

-2,875,468,000

-1,638,460,000

Restricted cash - long term

11,747,000

225,000

11,524,000

2,000

223,000

Other long-term assets

232,917,000

202,751,000

78,849,000

84,055,000

503,674,000

375,687,000

62,435,000

60,114,000

132,840,000

112,757,000

-544,881,000

-429,862,000

Total other long-term assets

244,664,000

202,976,000

442,080,000

84,055,000

3,023,256,000

2,012,193,000

66,837,000

62,293,000

132,840,000

112,757,000

-3,420,349,000

-2,068,322,000

Goodwill and other intangible assets

2,608,866,000

1,782,560,000

2,486,794,000

1,706,646,000

214,325,000

153,961,000

-92,253,000

-78,047,000

Total assets

4,147,472,000

[1]

2,729,697,000

[1]

452,656,000

93,343,000

3,301,496,000

2,031,610,000

3,386,243,000

2,353,727,000

534,590,000

412,258,000

-3,527,513,000

-2,161,241,000

Accounts payable and accrued liabilities

196,174,000

153,817,000

234,000

326,000

51,781,000

61,165,000

126,245,000

83,049,000

17,914,000

9,379,000

-102,000

Current portion of long-term debt

46,346,000

47,622,000

556,000

483,000

37,335,000

31,113,000

1,007,000

800,000

7,448,000

15,226,000

Current portion of affiliate long-term debt

2,367,000

1,704,000

1,294,000

1,102,000

1,073,000

602,000

1,003,000

433,000

-1,003,000

-433,000

Other current liabilities

98,494,000

102,060,000

3,529,000

87,612,000

96,288,000

9,645,000

8,871,000

-2,292,000

-3,099,000

Liabilities held for sale

2,397,000

Total current liabilities

343,381,000

307,600,000

5,613,000

1,911,000

89,116,000

92,278,000

215,937,000

183,136,000

36,010,000

33,909,000

-3,295,000

-3,634,000

Long-term debt

2,966,402,000

2,210,866,000

529,000

12,502,000

2,793,334,000

2,088,586,000

35,709,000

36,705,000

136,830,000

73,073,000

Affiliate long-term debt

18,925,000

13,187,000

4,972,000

6,303,000

13,984,000

6,884,000

294,919,000

267,521,000

-294,950,000

-267,521,000

Dividends in excess of investment in consolidated subsidiaries

178,869,000

-178,869,000

Other liabilities

413,060,000

298,097,000

45,172,000

10,708,000

23,645,000

2,509,000

610,491,000

491,845,000

145,828,000

103,007,000

-412,076,000

-309,972,000

Total liabilities

3,741,768,000

[1]

2,829,750,000

[1]

56,286,000

210,293,000

2,906,095,000

2,183,373,000

876,121,000

718,570,000

613,587,000

477,510,000

-710,321,000

-759,996,000

Total Sinclair Broadcast Group shareholders' deficit

396,370,000

-116,950,000

396,370,000

-116,950,000

395,401,000

-151,763,000

2,510,122,000

1,635,157,000

-88,331,000

-82,149,000

-2,817,192,000

-1,401,245,000

Noncontrolling interests in consolidated subsidiaries

9,334,000

16,897,000

9,334,000

16,897,000

Total liabilities and equity (deficit)

$4,147,472,000

$2,729,697,000

$452,656,000

$93,343,000

$3,301,496,000

$2,031,610,000

$3,386,243,000

$2,353,727,000

$534,590,000

$412,258,000

($3,527,513,000)

($2,161,241,000)

[1]

CONDENSED_CONSOLIDATED_FINANCI3

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS: (Details 2) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
												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	Eliminations
												Sinclair Broadcast Group, Inc.	Sinclair Broadcast Group, Inc.	Sinclair Broadcast 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	Non-Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Non-Guarantor Subsidiaries
																								Revisions
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Net revenue	$427,715	$338,644	$314,154	$282,618	$329,517	$258,713	$251,074	$222,375	$1,363,131	$1,061,679	$765,288	'	'	'	'	'	'	$1,296,736	$1,008,146	$721,936	$123,017	$64,909	$52,295	'	($56,622)	($11,376)	($8,943)
Program and production	'	'	'	'	'	'	'	'	385,104	255,556	178,612	15	'	'	357	322	1,298	391,410	263,802	185,038	50,950	1,400	338	'	-57,628	-9,968	-8,062
Selling, general and administrative	'	'	'	'	'	'	'	'	302,858	204,670	152,248	3,733	2,853	2,396	48,363	28,762	25,160	241,548	168,540	121,391	9,132	6,082	3,765	'	82	-1,567	-464
Depreciation, amortization and other operating expenses	'	'	'	'	'	'	'	'	351,149	272,168	208,790	1,307	1,523	1,622	3,105	1,890	688	275,889	213,681	160,414	71,319	55,802	46,618	600	-471	-728	-552
Total operating expenses	'	'	'	'	'	'	'	'	1,039,111	732,394	539,650	5,055	4,376	4,018	51,825	30,974	27,146	908,847	646,023	466,843	131,401	63,284	50,721	'	-58,017	-12,263	-9,078
Operating income	103,286	72,798	84,280	63,656	119,097	78,399	71,887	59,895	324,020	329,285	225,638	-5,055	-4,376	-4,018	-51,825	-30,974	-27,146	387,889	362,123	255,093	-8,384	1,625	1,574	'	1,395	887	135
Equity in earnings (losses) of consolidated subsidiaries	'	'	'	'	'	'	'	'	'	'	'	97,138	144,620	83,354	309,388	194,686	134,996	1,009	-123	'	'	'	'	'	-407,535	-339,183	-218,350
Interest expense	'	'	'	'	'	'	'	'	-162,937	-128,553	-106,128	-1,083	-1,317	-3,285	-152,174	-118,491	-94,556	-4,965	-4,840	-4,931	-25,624	-24,780	-23,978	'	20,909	20,875	20,622
Gain on sales of securities	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	391	'	'	'	-391
Other income (expense)	'	'	'	'	'	'	'	'	-55,575	11,608	1,863	4,633	5,245	1,781	-59,033	38,677	35,255	245	-39,781	-36,160	5,361	8,690	1,560	'	-6,781	-1,223	-573
Total other expense	'	'	'	'	'	'	'	'	-218,512	-116,945	-104,265	100,688	148,548	81,850	98,181	114,872	75,695	-3,711	-44,744	-41,091	-20,263	-16,090	-22,027	'	-393,407	-319,531	-198,692
Income tax benefit	'	'	'	'	'	'	'	'	-41,249	-67,852	-44,785	-22,165	494	-2,034	47,645	41,709	29,783	-73,266	-118,519	-75,449	2,637	8,464	2,915	'	3,900	'	'
Income (Loss) from discontinued operations, net of taxes	'	6,100	5,103	355	643	-126	-1	-51	11,558	465	-411	'	'	'	11,063	-269	-411	495	734	'	'	'	'	'	'	'	'
NET INCOME	'	'	'	'	'	'	'	'	75,817	144,953	76,177	73,468	144,666	75,798	105,064	125,338	77,921	311,407	199,594	138,553	-26,010	-6,001	-17,538	'	-388,112	-318,644	-198,557
Net loss attributable to the noncontrolling interests	'	'	'	'	'	'	'	'	-2,349	-287	-379	'	'	'	'	'	'	'	'	'	-2,349	-287	-379	-1,100	'	'	'
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP	2,303	36,342	17,826	16,997	59,002	26,246	30,058	29,360	73,468	144,666	75,798	73,468	144,666	75,798	105,064	125,338	77,921	311,407	199,594	138,553	-28,359	-6,288	-17,917	'	-388,112	-318,644	-198,557
Comprehensive income	'	'	'	'	'	'	'	'	$78,257	$144,808	$75,243	$78,257	$144,808	$75,243	$107,243	$125,193	$76,987	$311,407	$199,594	$138,553	($28,098)	($6,288)	($17,917)	'	($390,552)	($318,499)	($197,623)

CONDENSED_CONSOLIDATED_FINANCI4

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS: (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	'	'	'
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	$160,577,000	$237,475,000	$148,513,000
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:	'	'	'
Acquisition of property and equipment	-43,388,000	-43,986,000	-35,835,000
Payments for acquisitions of television stations	-1,006,144,000	-1,135,348,000	'
Proceeds from the sale of broadcast assets	49,738,000	'	'
Payments for acquisitions of assets of other operating divisions	-4,650,000	'	-3,072,000
Purchase of alarm monitoring contracts	-23,721,000	-12,454,000	-8,850,000
(Increase) decrease in restricted cash	-11,522,000	58,501,000	-53,445,000
Distributions from equity and cost method investees	5,258,000	9,590,000	3,798,000
Investments in equity and cost method investees	-10,767,000	-24,052,000	-11,577,000
Investment in marketable securities	-11,604,000	-1,493,000	-4,911,000
Proceeds from sale of assets	'	10,000	69,000
Proceeds from insurance settlements	'	'	1,739,000
Loans to affiliates	'	'	-406,000
Proceeds from loans to affiliates	'	'	242,000
Other, net	5,559,000	-52,000	'
Net cash flows (used in) from investing activities	-1,051,241,000	-1,149,284,000	-112,248,000
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'	'
Proceeds from notes payable, commercial bank financing and capital leases	2,278,293,000	1,247,255,000	151,733,000
Repayments of notes payable, commercial bank financing and capital leases	-1,509,760,000	-179,356,000	-150,447,000
Proceeds from the sale of Class A Common Stock	472,913,000	'	'
Proceeds from share based awards	'	391,000	1,794,000
Purchase of subsidiary shares from noncontrolling interests	'	'	-2,501,000
Dividends paid on Class A and Class B common stock	-56,767,000	-123,852,000	-38,356,000
Payments for deferred financing costs	-27,724,000	-18,707,000	-5,483,000
Proceeds from Class A Common Stock sold by variable interest entity	10,908,000	'	1,808,000
Noncontrolling interests distributions (contributions)	-10,256,000	-1,142,000	-610,000
Repayments of notes and capital leases to affiliates	-1,959,000	-2,882,000	-3,210,000
Other, net	1,204,000	'	'
Net cash flows from (used in) financing activities	1,147,903,000	921,707,000	-45,272,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	257,239,000	9,898,000	-9,007,000
CASH AND CASH EQUIVALENTS, beginning of year	22,865,000	12,967,000	21,974,000
CASH AND CASH EQUIVALENTS, end of year	280,104,000	22,865,000	12,967,000
Reportable legal entities \| Sinclair Broadcast Group, Inc.	'	'	'
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	'	'	'
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	-37,107,000	-4,038,000	-10,424,000
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:	'	'	'
Acquisition of property and equipment	'	396,000	'
Distributions from equity and cost method investees	'	836,000	'
Investments in equity and cost method investees	1,655,000	-2,000,000	-4,000,000
Loans to affiliates	'	'	-194,000
Proceeds from loans to affiliates	'	'	199,000
Other, net	-7,000	-94,000	'
Net cash flows (used in) from investing activities	1,648,000	-862,000	-3,995,000
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'	'
Repayments of notes payable, commercial bank financing and capital leases	-482,000	-419,000	-57,120,000
Proceeds from the sale of Class A Common Stock	472,913,000	'	'
Proceeds from share based awards	'	391,000	1,794,000
Dividends paid on Class A and Class B common stock	-56,767,000	-125,100,000	-38,820,000
Repayments of notes and capital leases to affiliates	'	-998,000	-869,000
Increase (decrease) in intercompany payables	-371,331,000	131,026,000	109,434,000
Other, net	-8,874,000	'	'
Net cash flows from (used in) financing activities	35,459,000	4,900,000	14,419,000
Reportable legal entities \| Sinclair Television Group, Inc.	'	'	'
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	'	'	'
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	-264,925,000	-56,760,000	-65,150,000
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:	'	'	'
Acquisition of property and equipment	-2,700,000	-4,057,000	-3,503,000
Payments for acquisitions of television stations	'	-1,127,848,000	'
(Increase) decrease in restricted cash	-11,522,000	58,501,000	-53,445,000
Proceeds from sale of assets	'	10,700,000	'
Loans to affiliates	'	'	-212,000
Net cash flows (used in) from investing activities	-14,222,000	-1,062,704,000	-57,160,000
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'	'
Proceeds from notes payable, commercial bank financing and capital leases	2,189,753,000	1,201,275,000	136,719,000
Repayments of notes payable, commercial bank financing and capital leases	-1,473,898,000	-154,989,000	-70,234,000
Payments for deferred financing costs	-27,724,000	-17,660,000	-5,417,000
Increase (decrease) in intercompany payables	-178,240,000	97,880,000	56,359,000
Net cash flows from (used in) financing activities	509,891,000	1,126,506,000	117,427,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	230,744,000	7,042,000	-4,883,000
CASH AND CASH EQUIVALENTS, beginning of year	7,230,000	188,000	5,071,000
CASH AND CASH EQUIVALENTS, end of year	237,974,000	7,230,000	188,000
Reportable legal entities \| Guarantor Subsidiaries and KDSM, LLC	'	'	'
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	'	'	'
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	444,680,000	282,446,000	225,516,000
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:	'	'	'
Acquisition of property and equipment	-35,659,000	-37,635,000	-30,950,000
Payments for acquisitions of television stations	-998,664,000	'	'
Proceeds from the sale of broadcast assets	71,738,000	'	'
Proceeds from sale of assets	'	10,000	59,000
Proceeds from insurance settlements	'	'	1,739,000
Other, net	50,000	42,000	'
Net cash flows (used in) from investing activities	-962,535,000	-37,583,000	-29,152,000
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'	'
Repayments of notes payable, commercial bank financing and capital leases	-1,069,000	-586,000	-432,000
Repayments of notes and capital leases to affiliates	'	-1,884,000	-2,341,000
Increase (decrease) in intercompany payables	548,139,000	-242,507,000	-194,300,000
Other, net	-820,000	'	'
Net cash flows from (used in) financing activities	546,250,000	-244,977,000	-197,073,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	28,395,000	-114,000	-709,000
CASH AND CASH EQUIVALENTS, beginning of year	199,000	313,000	1,022,000
CASH AND CASH EQUIVALENTS, end of year	28,594,000	199,000	313,000
Reportable legal entities \| Non-Guarantor Subsidiaries	'	'	'
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	'	'	'
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	-40,414,000	12,999,000	704,000
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:	'	'	'
Acquisition of property and equipment	-5,029,000	-2,690,000	-1,382,000
Payments for acquisitions of television stations	-50,480,000	-18,200,000	'
Proceeds from the sale of broadcast assets	21,000,000	'	'
Payments for acquisitions of assets of other operating divisions	-4,650,000	'	-3,072,000
Purchase of alarm monitoring contracts	-23,721,000	-12,454,000	-8,850,000
Distributions from equity and cost method investees	-10,767,000	8,754,000	3,798,000
Investments in equity and cost method investees	3,603,000	-22,052,000	-7,577,000
Investment in marketable securities	-696,000	-1,493,000	-4,911,000
Proceeds from sale of assets	'	'	10,000
Proceeds from sale of securities	'	'	1,808,000
Proceeds from loans to affiliates	'	'	43,000
Other, net	5,516,000	'	'
Net cash flows (used in) from investing activities	-65,224,000	-48,135,000	-20,133,000
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'	'
Proceeds from notes payable, commercial bank financing and capital leases	88,540,000	45,980,000	15,014,000
Repayments of notes payable, commercial bank financing and capital leases	-34,311,000	-23,362,000	-22,661,000
Purchase of subsidiary shares from noncontrolling interests	'	'	-2,501,000
Payments for deferred financing costs	'	-1,047,000	-66,000
Noncontrolling interests distributions (contributions)	-10,256,000	-1,142,000	-610,000
Increase (decrease) in intercompany payables	59,765,000	17,677,000	26,838,000
Net cash flows from (used in) financing activities	103,738,000	38,106,000	16,014,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	-1,900,000	2,970,000	-3,415,000
CASH AND CASH EQUIVALENTS, beginning of year	15,436,000	12,466,000	15,881,000
CASH AND CASH EQUIVALENTS, end of year	13,536,000	15,436,000	12,466,000
Eliminations	'	'	'
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	'	'	'
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES	58,343,000	2,828,000	-2,133,000
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:	'	'	'
Payments for acquisitions of television stations	43,000,000	10,700,000	'
Proceeds from the sale of broadcast assets	-43,000,000	'	'
Investment in marketable securities	-10,908,000	'	'
Proceeds from sale of assets	'	-10,700,000	'
Proceeds from sale of securities	'	'	-1,808,000
Net cash flows (used in) from investing activities	-10,908,000	'	-1,808,000
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:	'	'	'
Dividends paid on Class A and Class B common stock	'	1,248,000	464,000
Proceeds from Class A Common Stock sold by variable interest entity	'	'	1,808,000
Increase (decrease) in intercompany payables	-58,333,000	-4,076,000	1,669,000
Other, net	10,898,000	'	'
Net cash flows from (used in) financing activities	($47,435,000)	($2,828,000)	$3,941,000

QUARTERLY_FINANCIAL_INFORMATIO2

QUARTERLY FINANCIAL INFORMATION (UNAUDITED): (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
QUARTERLY FINANCIAL INFORMATION (UNAUDITED):	'	'	'	'	'	'	'	'	'	'	'
Total revenues, net	$427,715	$338,644	$314,154	$282,618	$329,517	$258,713	$251,074	$222,375	$1,363,131	$1,061,679	$765,288
Operating income	103,286	72,798	84,280	63,656	119,097	78,399	71,887	59,895	324,020	329,285	225,638
Income from continuing operations	4,237	30,551	12,956	16,515	58,752	26,479	30,131	29,126	64,259	144,488	76,588
Income from discontinued operations	'	6,100	5,103	355	643	-126	-1	-51	11,558	465	-411
Net income attributable to Sinclair Broadcast Group	$2,303	$36,342	$17,826	$16,997	$59,002	$26,246	$30,058	$29,360	$73,468	$144,666	$75,798
Basic earnings per common share from continuing operations attributable to Sinclair Broadcast Group (in dollars per share)	$0.02	$0.30	$0.14	$0.20	$0.72	$0.33	$0.37	$0.36	$0.66	$1.78	$0.95
Basic earnings per common share attributable to Sinclair Broadcast Group (in dollars per share)	$0.02	$0.37	$0.19	$0.21	$0.73	$0.33	$0.37	$0.36	$0.79	$1.79	$0.94
Diluted earnings per common share from continuing operations attributable to Sinclair Broadcast Group (in dollars per share)	$0.02	$0.30	$0.14	$0.20	$0.72	$0.33	$0.37	$0.36	$0.66	$1.78	$0.95
Diluted earnings per common share attributable to Sinclair Broadcast Group (in dollars per share)	$0.02	$0.36	$0.19	$0.21	$0.73	$0.32	$0.37	$0.36	$0.78	$1.78	$0.94