New York, August 25, 2014 -- Moody's says Sinclair Broadcast Group ("Sinclair") announced its agreement to purchase the broadcast assets of one television station in Providence, RI owned by Media General, Inc. ("Media General"), two television stations in Green Bay, WI owned by LIN Media, LLC ("LIN") and one television station in Savannah, GA owned by WTGS Television, LLC and operated by LIN through a shared service arrangement. Sinclair also agreed to sell Media General the broadcast assets of two stations in Colorado Springs, CO and one station in Tampa, FL upon completion of the LIN/Media General merger. The company's previously announced sale of WHTM in Harrisburg to Media General is expected to close in September 2014. Sinclair will pay a net cash price of $31 million for an additional $3.4 million of broadcast cash flow being swapped, and the company expects to generate an additional $2.0 million of synergies.

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