Sinclair Broadcast : Univision Local Media Joins The Sinclair And Nexstar Consortium To Promote Broadcast Spectrum
June 01, 2017 at 05:31 pm EDT
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June 1, 2017
NEWS ANNOUNCEMENT For Immediate Release
UNIVISION LOCAL MEDIA JOINS THE SINCLAIR AND NEXSTAR CONSORTIUM TO
PROMOTE BROADCAST SPECTRUM AGGREGATION, INNOVATION AND MONETIZATION
IRVING, Texas and BALTIMORE, Maryland - June 1, 2017 - Nexstar Media Group, Inc. (NASDAQ: NXST) ('Nexstar') and Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) ('Sinclair'), (together referred to as 'the Parties') announced today that Univision Local Media, Inc. ('Univision') is now a party to the memorandum of understanding regarding the establishment of a consortium that will promote spectrum aggregation, innovation and monetization and enhance their abilities to compete in the wireless data transmission sector. The consortium, has agreed to collaborate on a non-exclusive basis and continues to welcome the inclusion of other television broadcasting entities. Together, Nexstar, Sinclair and Univision reach approximately 90% of the country.
Read more…NXST-SBGI Consortium Adds Univision 6-1-17 FINAL
SBG - Sinclair Broadcast Group Inc. published this content on 01 June 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 June 2017 21:31:23 UTC.
Original documenthttp://sbgi.net/pr-news/univision-local-media-joins-the-sinclair-and-nexstar-consortium-to-promote-broadcast-spectrum/
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Sinclair, Inc. is a holding company of Sinclair Broadcast Group, LLC. The Company is a diversified media company and a provider of local news and sports. It operates through two segments: Local Media, and Tennis. Its Local Media segment is comprised of its television stations. It produces more than 2,400 hours of news per week at 115 stations in 73 markets. Its Tennis segment primarily consists of Tennis Channel, a cable network which includes coverage of many of tennis' top tournaments and original professional sports and tennis lifestyle shows. Its content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and the streaming aggregator of local news content, NewsON. The Company provides services to 185 television stations in 86 markets affiliated with all the major broadcast networks; owns Tennis Channel and multicast networks Comet, CHARGE!, TBD., and The Nest; and owns and provides services to 21 regional sports network brands.
SINCLAIR, INC. 
