Sinclair Broadcast Group and Fox have agreed to a $52.7 million affiliation agreement extension to allow Sinclair's 19 owned or managed Fox affiliates to continue carrying Fox programming through 2017.
Additionally, the deal includes an option (exercisable between July 1, 2012 and March 31, 2013) for Sinclair to purchase Baltimore MyNetworkTV affiliate WUTB from Fox Television Stations (which would create a duopoly with WBFF), while giving Fox the option to buy, at fair market value, six Sinclair-owned CW and MyNetworkTV stations:
If Fox exercises the options to buy any of the six Sinclair stations, Sinclair's affiliation payments to Fox decrease to $25 million.
Additionally, the deal includes an option (exercisable between July 1, 2012 and March 31, 2013) for Sinclair to purchase Baltimore MyNetworkTV affiliate WUTB from Fox Television Stations (which would create a duopoly with WBFF), while giving Fox the option to buy, at fair market value, six Sinclair-owned CW and MyNetworkTV stations:
- Raleigh/Durham-CW affiliate WLFL (a charter Fox affiliate) and MyNetworkTV affiliate WRDC
- Las Vegas-CW affiliate KVCW and MyNetworkTV affiliate KVMY
- Cincinnati-MyNetworkTV affiliate WSTR
- Norfolk/Portsmouth/Newport News-MyNetworkTV affiliate WTVZ (also a charter Fox affiliate).
If Fox exercises the options to buy any of the six Sinclair stations, Sinclair's affiliation payments to Fox decrease to $25 million.