Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) has announced that it has closed the asset acquisition of Four Points Media from affiliates of Cerberus Capital Management, L.P. for $200 million. 

The Company financed the acquisition with a $180 million draw under a recently raised incremental Term B Loan commitment under its amended Bank Credit Facility plus a $20 million cash escrow previously paid. 

Sinclair had been operating the Four Points TV stations since October 1, 2011, pursuant to a Local Marketing Agreement, while it awaited FCC approval. 

In addition, the parties agreed to an effective closing date of January 1, 2012.

The Four Points TV stations acquired are:

• KUTV (CBS 2) Salt Lake City, Utah (DMA 32)
  KMYU (MNT 9) Salt Lake City, Utah (DMA 32)
  KEYE (CBS 42) Austin, Texas (DMA 44)
  WTVX (CW 34) West Palm Beach/Fort Pierce, Florida (DMA 38)
  WTCN-CA (MNT 50) West Palm Beach/Fort Pierce, Florida (DMA 38)
  WWHB-CA (AZTECA 48) West Palm Beach/Fort Pierce, Florida (DMA 38)
  WLWC (CW 28) Providence, Rhode Island/New Bedford, Massachusetts (DMA 53)

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