Item 1.01 Entry into a Material Definitive Agreement.



On February 10, 2023, Sinclair Broadcast Group, Inc. ("Sinclair") entered into a
Preferred Unit Purchase Agreement (the "Purchase Agreement"), by and among
Sinclair, Diamond Sports Holdings LLC ("DSH"), an indirect subsidiary of
Sinclair, Preferred Equity Holding Co LLC (the "Buyer"), an indirect subsidiary
of Sinclair, and JPMorgan Chase Funding Inc ("JPM"). Pursuant to the terms of
the Purchase Agreement, the Buyer purchased from JPM the remaining 175,000
outstanding preferred units of DSH (the "Preferred Units"), using cash from
Sinclair. The Preferred Units were purchased for an aggregate purchase price of
$190.2 million representing 95% of the sum of the remaining unreturned capital
contribution of $175.0 million, plus accrued and unpaid dividends up to, but not
including, the date of purchase.

The Preferred Units accrued paid-in-kind dividends at a rate of more than 12% and were subject to another 50 basis point increase in August 2023.

The Purchase Agreement also terminates the Amended and Restated Guaranty of Collection, dated September 20, 2019, by and between Sinclair and JPM (the "Guaranty of Collection"). The Guaranty of Collection provided for a guaranty of collection by Sinclair made in favor of JPM with respect to the Preferred Units.



The foregoing description is only a summary of the material provisions of the
Purchase Agreement and is qualified in its entirety by reference to a copy of
the Purchase Agreement, which is filed as Exhibit 10.1 to this Current Report on
Form 8-K and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits

   Exhibit No.                                            Description
                           Preferred Unit Purchase Agreement, by and among Sinclair Broadcast Group,
      10.1*              Inc., Diamond Sports Holdings LLC, Preferred

Equity Holding Co LLC and

JPMorgan Chase Funding Inc., dated February 10,

2023.


       104               Cover Page Interactive Data File (embedded within

the Inline XBRL document).





* Certain schedules have been omitted pursuant to Item 601(a)(5) of Regulation
S-K. Sinclair agrees to furnish supplementally a copy of any omitted schedule to
the SEC upon its request.

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