In 1971, UHF pioneer Julian Sinclair Smith went on the air in Baltimore, Maryland with our flagship station, WBFF-TV. WBFF-TV became the first UHF station in Baltimore and one of the very first in the country. Today UHF broadcasters are an important presence in virtually every market in the country. With UHF broadcasting changing the shape of the television landscape, Julian Sinclair Smith's four sons envisioned a powerful new distribution network created by acquiring existing UHF stations. From that vision, they developed a long term plan to launch the Company as a major consolidator in the industry. And so, in 1986, Sinclair Broadcast Group, Inc. (SBG) was founded.

In 1990, the four Smith brothers purchased the remaining interests in SBG from their parents and set out to make their vision a reality. Sinclair's first acquisition was made in 1991 when it acquired WPGH-TV in Pittsburgh, Pennsylvania. In the same year, the Company introduced the first Local Marketing Agreement (LMA), a visionary new strategy that would build value for the Company and the local community by enabling SBG to program a second station in a market where it already owned a station, pursuant to FCC rules. Today, SBG operates 19 LMAs nationwide, bringing high quality programming from networks and introducing the possibility of additional news programming for the local marketplaces.

In 1994, SBG acquired four stations plus options on additional properties, thereby doubling the size of the Company. In June 1995, rapidly growing SBG went public, realizing approximately $111.5 million to fund future acquisitions. That same year, SBG added five more stations in four markets.

Within 10 years after being formed, Sinclair became the nation's largest commercial television broadcasting company not owned by a network when it acquired River City Broadcasting. The acquisition of River City also launched SBG into the radio industry. SBG now owned 28 television stations in 21 markets and 23 radio stations in 7 markets. The economies of scale enabled SBG to improve margins and maximize programming power.

In 1997, SBG signed a landmark affiliation agreement with The WB, calling for cash compensation to SBG over the length of a 10 year contract. The agreement marked the first time that The WB offered network compensation of any magnitude to its affiliates. In the same year, the Federal Communications Commission (FCC) accelerated the shift of the television industry from analog to digital television broadcasting (DTV) by granting the first digital licenses to broadcasters. SBG proposed multi-channel television as an alternative to high definition television (HDTV).

In 1998, SBG again doubled in size with such acquisitions as Heritage, Sullivan Broadcasting and Max Media and emerged as one of the largest broadcasting companies in the United States and one of the top 10 radio broadcasters.

With the television platform in place, SBG turned its efforts to repositioning the Company for future growth, both operationally and technologically. In 1999 SBG launched its Ventures Business, acquiring an 89% equity interest in G1440, an e-business solutions and applications provider. Also in 1999 SBG acquired a 32% equity interest in Acrodyne Communications, Inc., a leading manufacturer of transmitters and other television broadcast equipment. SBG also divested of its radio group to strengthen its balance sheet and to focus on its television platform and the roll-out of digital television.

That year, SBG conducted a series of tests in Philadelphia and Baltimore and discovered that the FCC adopted 8VSB digital standard could not be received in environments where complex multipath existed. With tests results in hand, SBG led a broadcasters' petition to the FCC to enable broadcasters the choice of the 8VSB or COFDM standard, a more robust and flexible standard used elsewhere around the world. Due to our efforts and years of testing, the FCC, the broadcast industry and the consumer electronics manufacturers agreed that improvements in the digital television technology must occur and have promised to correct the shortcomings.

In September 1999, SBG was the first broadcaster to announce that the national advertising market had become fragmented due to increased competition from other forms of media and that broadcasters needed to focus their efforts on advertising revenues generated in the local markets. Hence, SBG's local strategy was born.

By 2001, the national economy, as well as the advertising market, was in recession. Combined with terrorist attacks on U.S. soil, 2001 is remembered, among other things, for the worst advertising spending levels in over 50 years.

In October 2002, SBG launched a local news network operating in conjunction with a centralized news operation. This revolutionary news model will allow SBG to build its local news franchise and local market share by introducing local news programming in markets that otherwise could not support news.

To be the best, you have to attract the best people who are willing to work hard and produce phenomenal results. To support our efforts, our benefit plan is a significant part of our employee's total compensation package. SBG appreciates that in order to retain and recruit the best employees, we need to remain competitive. We hire highly motivated employees with a strong work ethic, a belief that nothing is impossible and a desire to be an exciting part of the future. SBG values it's employees and offers an outstanding and comprehensive benefit package that affords employees the opportunity to design a comprehensive benefit package that best suits their needs.

Health Care:Full time employees who have completed a 90-day introductory period are eligible to sign up for the company-sponsored medical/prescription, vision and dental plans. Deductions are made on a pre-tax basis. Sinclair shares the health and dental insurance premium costs with its employees.

Health Insurance: Our PPO plan provides employees with choices. Employees are not tied down to particular doctors but can decide whether they want to use providers inside or outside of a network. At Sinclair, employees can choose the level of health coverage that best fits their needs as well as the needs of their family. Our PPO plan offers three different options that provide varying levels of coverage and cost. Prescription drug benefits follow the particular level of health coverage the employee selects. In certain markets where a PPO network is not available, Sinclair offers a HMO Plan to its employees.

Dental Insurance: Sinclair offers three levels of dental coverage, all of which provide for preventative and restorative services. The highest level of dental coverage includes orthodontia for dependent children under 19 years of age. With our dental insurance program, employees are free to choose whichever dental provider they wish to go to.

Vision Insurance: Vision care is an important part of your overall health care. The Sinclair Vision Plan provides coverage for routine eye exams, eyeglasses, and contact lenses. Employees can elect coverage for themselves and their spouse and children.

CareWise 24-hour Nurse Phone-line: All employees who have elected to participate in a company sponsored health insurance plan are covered under the CareWise 24-hour Nurse Phone-line and Health Care Information Service. CareWise offers the information and support you need to make the best possible and most appropriate healthcare decisions for you and your family. As a CareWise member, you and your immediate family can dial our toll-free number at any time, day or night, and talk one-on-one with an experienced registered nurse who can help you understand your medical problem, evaluate self-care possibilities and plan questions for your doctor. CareWise nurses can also research options for care, coach you on questions for your physician, or just offer moral support when you need to talk about a health concern.

Flexible Spending Accounts: Medical and Dependent Care Flexible Spending Accounts are offered to all full time employees who have completed the 90 day introductory period. These plans offer employees the opportunity to set aside money on a pre-tax basis to pay expenses not covered by the medical plan or for certain dependent care expenses. Contributions are limited to $3,600 for health care expenses and $5,000 for dependent-care expenses.

Life and Disability:All Sinclair Life and Disability Benefits are available to full-time employees who successfully complete the 90-day introductory period. Coverage under Short and Long Term Disability Plans and the Company Life Plan are 100% COMPANY PAID.

Long Term and Short Term Disability: The Short-Term Disability policy commences on the 7th consecutive day of a disability and lasts for 12 weeks. The policy pays the employee 60% of their salary on a weekly basis. If an employee continues on disability past 12 weeks, they are eligible for Long Term Disability. This benefit pays the employee 66 2/3% of their annual salary with a maximum of $15,000 per month. Employees who return to work on a part-time basis may be able to can continue to receive partial Long Term Disability benefits

Company Paid Life/AD&D Insurance: This policy is in place for employees only. This policy offers 1 1/2 times the employees annual salary to a maximum of $200,000.

Supplemental Life Insurance: Though we feel that we offer excellent Company-paid life insurance benefits, we understand that some employees would like more. For this reason, we have made available additional life insurance that can be purchased for an employee, their spouse and dependents.

Retirement and Savings:

401(k) Retirement Plan: Employees are eligible to join the Plan after successful completion of the 90 day Introductory Period. In order to be eligible for the discretionary Company Match you must first complete one year of service with the Company. You are eligible for the discretionary Company Match in subsequent years if you work as least 1000 hours in that year and are employed on the last day of the year.

Employee Stock Purchase Plan: Available to employees after 1 year of service and is available to both Full and Part Time employees. Company stock can be purchased at a discounted rate through post-tax payroll deductions. The price of the stock is calculated by comparing the stock price at the beginning and end of the quarter. The lower of the two prices is then discounted by 15% and the stock is purchased for enrolled employees at the rate.

Other benefits:

Education Reimbursement: At Sinclair, we recognize and encourage our employees to extend their knowledge through formal education. All full-time employees with one year of continuous service are eligible to apply for reimbursement for courses directly related to their job or the broadcast industry.

Vacation, Holiday, and Sick Leave: Sinclair offers a time off for vacation, holiday, personal, and sick time to new employees, after the completion of six months continuous service. Vacation time is earned according to an employee's date of hire and is an accrued benefit.

For those few locations where employees may be represented by a union, those employees may or may not be eligible to participate in these benefits.

SBG Declares Quarterly Common Stock Dividend of $0.15

News Release

Contact: Lucy Rutishauser, VP Corporate Finance & Treasurer
(410) 568-1592

SINCLAIR DECLARES QUARTERLY COMMON STOCK DIVIDEND OF $0.15 PER SHARE

BALTIMORE (March 15, 2007) - Sinclair Broadcast Group, Inc. (Nasdaq:
SBGI) announced that its Board of Directors has declared a quarterly cash
dividend of $0.15 per share on the Company's Class A and Class B common
stock. The dividends are payable on April 13, 2007, to the holders of
record at the close of business on March 30, 2007. The common stock will
trade ex-dividend on March 28, 2007.



Sinclair Broadcast Group, Inc., one of the largest and most
diversified television broadcasting companies, owns and operates,
programs or provides sales services to 58 television stations in 36
markets. Sinclair's television group is affiliated with all major
networks and reaches approximately 22% of all U.S. television households.
For more information, please visit Sinclair's website at www.sbgi.net.

Sinclair Broadcast Group, Inc. is proud to be an Equal Opportunity Employer and Drug Free Workplace!