0000743127-11-000007.txt : 20110511 0000743127-11-000007.hdr.sgml : 20110511 20110511155558 ACCESSION NUMBER: 0000743127-11-000007 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110511 DATE AS OF CHANGE: 20110511 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SINCLAIR BROADCAST GROUP INC CENTRAL INDEX KEY: 0000912752 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 521494660 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-44309 FILM NUMBER: 11831959 BUSINESS ADDRESS: STREET 1: 10706 BEAVER DAM ROAD CITY: HUNT VALLEY STATE: MD ZIP: 21030 BUSINESS PHONE: 4105681500 MAIL ADDRESS: STREET 1: 10706 BEAVER DAM ROAD CITY: HUNT VALLEY STATE: MD ZIP: 21030 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PINNACLE ASSOCIATES LTD CENTRAL INDEX KEY: 0000743127 IRS NUMBER: 133220717 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 335 MADISON AVENUE STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2126523200 MAIL ADDRESS: STREET 1: 335 MADISON AVENUE STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SC 13G 1 sbgi.txt PINNACLE ASSOCIATES LTD. 13G SBGI UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Sinclair Broadcast Group, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 829226109 (CUSIP Number) April 27, 2011 (Date of Event Which Requires Filing of this Statement) CUSIP No. 829226109 Item 1: REPORTING PERSONS Pinnacle Associates Ltd. (Tax ID: 13-3220717) Item 4: CITIZENSHIP New York Corporation Item 5: SOLE VOTING POWER 2,526,131 **see Note 1** Item 6: SHARED VOTING POWER None Item 7: SOLE DISPOSITIVE POWER 2,526,131 **see Note 1** Item 8: SHARED DISPOSITIVE POWER None Item 9: AGGREGATE AMOUNT BENEFICIALLY OWNED 2,526,131 ** see Note 1 ** Item 11: PERCENT OF CLASS REPRESENTED BY ITEM 9 3.1 Item 12: TYPE OF REPORTING PERSON IA ----------------------------------------------------------- ITEM 1(A). NAME OF ISSUER Sinclair Broadcast Group, Inc. ITEM 1(B). ADDRESS OF ISSUER 10706 Beaver Dam Road Hunt Valley, MD 21030 ITEM 2(A). NAME OF PERSON FILING PINNACLE ASSOCIATES LTD. ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE 335 Madison Avenue, 11th Floor, New York, NY 10017 ITEM 2(C). CITIZENSHIP New York Corporation ITEM 2(D). TITLE OF CLASS OF SECURITIES Common Stock ITEM 2(E). CUSIP NUMBER 829226109 ITEM 3. This statement is filed pursuant to Rule 13d-1 (b), or 13d-2 (b) and the person filing is an investment advisor registered under section 203 of the Investment Advisers Act of 1940. ITEM 4. OWNERSHIP ITEM 4(a). AMOUNT BENEFICIALLY OWNED 2,526,131 ** see Note 1 ** ITEM 4(b). PERCENT OF CLASS 3.1 ITEM 4(c). NUMBER OF SHARE AS TO WHICH SUCH PERSON HAS: (i). SOLE POWER TO VOTE OR DIRECT THE VOTE 2,526,131 ** see Note 1 ** (ii). SHARED POWER TO VOTE OR TO DIRECT THE VOTE None (iii). SOLE POWER TO DISPOSE OR TO DIRECT DISPOSITION OF 2,526,131 ** see Note 1 ** (iv). SHARE POWER TO DISPOSE OR TO DIRECT DISPOSISTION OF None **Note 1** Pinnacle Associates, Ltd. ("Pinnacle"), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, furnishes investment advice on a discretionary basis to its clients. In its role as investment adviser, Pinnacle possesses voting and/or investment power over the securities of the Issuer described in this schedule. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [X] ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON All securities reported in this schedule are owned by advisory clients of Pinnacle Associates, Ltd., no one of which to the knowledge of Pinnacle Associates, Ltd. owns more than 5% of the class. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: Not Applicable ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not Applicable ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not Applicable ITEM 10. CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete are correct. Signature Gail Mannix Chief Compliance Officer May 11,2011