================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
JULY 16, 1997
-----------------------
(Date of earliest event reported)
SINCLAIR BROADCAST GROUP, INC.
(Exact name of Registrant as specified in its charter)
MARYLAND 33-69482 52-1494660
(State of incorporation) (Commission File Number) (IRS Employer
Identification Number)
2000 W. 41st Street, Baltimore, Maryland 21211-1420
-------------------------------------------------------------------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (410) 467-5005
================================================================================
ITEM 5. OTHER EVENTS
Wholly-owned subsidiaries of Sinclair Broadcast Group, Inc. (together with
its wholly-owned subsidiaries, the "Company") have entered into an asset
purchase agreement with SFX Broadcasting, Inc. ("SFX"), pursuant to which the
Company will sell to SFX the assets relating to the operation of Nashville radio
stations WJZC-FM, WLAC-FM and WLAC-AM (the "Stations"). Under the agreement, SFX
will pay to Sinclair an aggregate consideration of $35 million in cash for the
Stations or, at Sinclair's option, assets that both SFX and Sinclair agree have
a fair market value equal to $35 million. The sale of the Stations is
conditioned on the approval of each of the Department of Justice and the Federal
Communications Commission and is expected to close after the end of this
calendar year.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SINCLAIR BROADCAST GROUP, INC.
BY: /s/ DAVID B. AMY
------------------------------------
David B. Amy
Chief Financial Officer/
Principal Accounting Officer
Dated: August 28, 1997