STAMFORD, CT, and HUNT VALLEY, MD, December 31, 2006 – Sinclair Broadcast Group, Inc. and Time Warner Cable are pleased to report that they have formally agreed to extend their existing contract until January 12, 2007. The original carriage agreement was set to expire on December 31, 2006. The extension will allow Time Warner Cable customers to continue to view the local Sinclair stations while the companies attempt to conclude negotiations for a new long-term carriage agreement. Both companies hope to reach a mutually beneficial long-term agreement before January 12, 2007.
About Sinclair Broadcasting Group, Inc.
Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies, currently owns and operates, programs or provides sales services to 58 television stations in 36 markets. Sinclair’s television group reaches approximately 22% of the U.S. television households and is affiliated with all the major networks.
About Time Warner Cable
Time Warner Cable owns and manages cable systems serving 13.5 million subscribers in 33 states. Passing approximately 26 million homes, Time Warner Cable includes some of the most technologically advanced and best-clustered cable systems in the country, with nearly 85 percent of the Company's customers located in five geographic regions: New York, Texas, Ohio, the Carolinas and southern California. Leveraging its leadership in innovation and quality customer care, Time Warner Cable delivers advanced products and services such as video on demand, high definition television, digital video recorders, high-speed data and Digital Phone. Time Warner Cable is a subsidiary of Time Warner Inc. (NYSE: TWX)