Sinclair Broadcast Group Appoints Stephen Clare Vice President, Finance

BALTIMORE–(BUSINESS WIRE)–Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced that Stephen Clare has been named Vice President, Finance. Clare will oversee the company’s financial planning and analysis services as well as business development services and will report directly to the Chief Financial Officer. He joins Sinclair from Audacy, where he was vice president of finance.

In making the announcement, Lucy Rutishauser, Sinclair’s Executive Vice President and Chief Financial Officer, said, “Steve has a long history of financial excellence and expertise, particularly in the media space. We are delighted that Steve is returning to Sinclair where he worked earlier in his career.

Previously, Clare held several senior financial positions at Media General and LIN Media, where he was vice president of finance and previously director of financial planning and analysis. He was a consultant in mergers and acquisitions and spent eight years at Sinclair where he served as assistant controller of operations and assistant controller of radio.

Clare said: “I am delighted to be returning to the television industry, where I have spent most of my career, coming full circle and bringing my financial background to Sinclair, one of the leading media companies. I look forward to working and reuniting with the Sinclair team.

Clare holds a Bachelor of Science in Accounting from the University of Edinboro in Pennsylvania. Active in the community, Clare regularly volunteers with Mobile Loaves & Fishes/Community First!, an organization working to end homelessness in Texas.

About Sinclair Broadcast Group, Inc.

Sinclair Broadcast Group, Inc. is a diversified media company and a leading provider of local news and sports. The Company owns, operates and/or provides services to 185 television stations in 86 markets; owns several national networks, including Tennis Channel and Stadium; has TV stations affiliated with all major broadcast networks and owns and/or operates 21 regional sports network brands. Sinclair’s content is distributed through multiple platforms, including live multi-channel video program distributors and digital and streaming platforms NewsON and STIRR. The Company regularly uses its website as a key source of information about the Company, which can be accessed at www.sbgi.net.

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