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whitewolf8214
05-22-2011, 11:17 AM
COMPLETE DETAILS ON ROH SALE AND RETURN TO TELEVISION
By Mike Johnson on 2011-05-21 16:00:09
ROH issued the following press release:
RING OF HONOR ANNOUNCES SALE TO SINCLAIR BROADCAST GROUP

BRISTOL, PA. (MAY 21, 2011)--Ring of Honor Wrestling owner, Cary Silkin, announced today the sale of the promotion to Sinclair Broadcast Group, Inc., one of the largest television broadcasters in the country and which owns and operates, programs, or provides sales services to 58 television stations in 35 markets across the United States.

ROH, currently the third largest wrestling promotion in the country, just celebrated its ninth anniversary, and Mr. Silkin is excited about taking the next step towards increasing the company's visibility and expanding its operations.

"We have been waiting for and working for this opportunity for quite some time", he said, "and of our 9 years in business, there has been no better roster of wrestlers than this one to expose the ROH product to the masses. With Sinclair's resources and many avenues of distribution, we believe many new fans around the world will be as captivated as those who have followed Ring of Honor over the years."

The month of September will see the debut of the new Ring of Honor television program which will be syndicated across the Sinclair network of stations, and with it, ROH will become the only wrestling promotion in the United States with a major, multi-market presence on broadcast TV. But if you don't live in a market with a Sinclair station, fear not, says Mr. Silkin. "Through our revamped website we will be able to make the TV show available to anyone in the world with internet access."

Sinclair officials are enthused about the project as well.

"We are very excited about this acquisition," commented Steve Marks, COO of Sinclair's Television Group. "Television and professional wrestling have a long history of successful partnerships and driving viewership. Unfortunately, the broadcast networks have not protected that relationship, allowing professional wrestling to migrate to cable network distribution. We believe that the powerful promotional platform that our TV stations provide, coupled with our 22% share of the U.S. TV households, will allow ROH to achieve name brand recognition and grow its share of the wrestling market. When you consider the makeup of our station mix and the number of CW, MYTV and FOX affiliates we operate, this is a perfect fit for our viewer demographics." Mr. Marks also noted, "Longer-term, we can envision syndicating ROH wrestling to broadcasters in markets where Sinclair does not have a presence, and even internationally."

Mr. Silkin assures the ROH fans worldwide that they will be seeing the same exciting, hard-hitting style of pro wrestling that they have become accustomed to. "We have established the name Ring of Honor as synonymous with the best in-ring action in the sport. The only thing that will change is that it will now be easier for fans around the world to follow. Our visibility will increase greatly--our production will be upgraded--but the work ethic of our incredible talent roster and our athletic style of wrestling will remain the same. This is what our fans have told us they want, and we will continue to give it to them."

The current front office staff, including Cary Silkin, Syd Eick, and Ross Abrams, will remain with ROH going forward. Hunter Johnston, a favorite of ROH fans for years as the masked grappler Delirious, will still handle matchmaking, Jim Cornette will remain as executive producer, and other familiar faces like ring announcer Bobby Cruise and senior referee Todd Sinclair will be in place."

Additionally, longtime wrestling broadcaster Kevin Kelly, already the voice of ROH internet pay-per-views, will assume the TV play-by-play chair this fall. Veteran NWA and WCW promoter Gary Juster will come aboard to be in charge of live event operations, which are planned to continue in current ROH markets as well as expanding into new locations concurrent with the increased TV exposure.

Mr. Cornette, who along with Mr. Johnston, will be in charge of talent and matchmaking, sees this as a new beginning for pro wrestling. "This is not old-school wrestling, and it's not sports entertainment," said Mr. Cornette. "This is wrestling for the 21st century, a new style developed by fresh, young stars that incorporates wrestling, mixed martial arts and high-flying, high-risk action with unique personalities, and it's showcased by a sports-based presentation completely different from any other product out there. In my 30 years in the sport, it's the most exciting live-event wrestling experience I've seen, and I'm thrilled to help bring it to broadcast TV."

A major press conference, open to wrestling press and mainstream media alike, is being planned for Baltimore on Friday, June 24th. This event will feature a number of the ROH staff and wrestlers both announcing news about ROH's future and answering questions. The media event will be presided over by new ROH COO, Joe Koff. Mr. Koff, a longtime Sinclair executive with an extensive background in TV sales and management, also has experience in pro wrestling television production and syndication. Most visible of his projects may have been the first-ever live, prime time syndicated pro wrestling events, the Battle of the Belts, which aired from 1985 to 1987. These Championship Wrestling from Florida-based cards were broadcast live to a syndicated network of stations and may be best-remembered for the classic Ric Flair vs. Barry Windham NWA World Title contest from St. Petersburg.

The press event will kick off a weekend which includes ROH's next internet pay-per-view event, "Best In The World 2011," live from the Hammerstein Ballroom in New York City on Sunday, June 26th at 4PM EST. In addition to all the top stars on the ROH roster, this event will feature the return of some favorite stars from Ring of Honor's past, and can be ordered by anyone in the world with internet access through Gofightlive.tv for only $14.95. More information about Ring of Honor can be obtained through their website, ROH Wrestling | ROH Wrestling | www.rohwrestling.com (http://www.rohwrestling.com).

whitewolf8214
05-22-2011, 11:17 AM
MORE ON THE SALE OF RING OF HONOR, WHAT THIS MEANS AND WHERE THEY STAND
By Mike Johnson on 2011-05-21 18:07:42
Obviously, the big news for Ring of Honor is the announcement that Sinclair Broadcasting has purchased the company. This actually almost happened about 18 months ago, as there were early discussions then but they didn't progress far enough. There had been at least two other suitors who had made overtures towards buying the company from Cary Silkin in the last year as well.
Sinlair is a broadcasting company with connections to markets in 22% of the United States, particularly the Southern region. The plan is to hold monthly TV Tapings, similar to what ROH did during their run on HDNet with the series likely airing on Saturday evenings. They will attempt to syndicate the series in additional markets both domestic and international, if possible as well.

In terms of the markets the company has been running, ROH will continue in those markets as well as new markets that the TV series reaches. The series will debut in September as part of the new Fall Season. The plan is to also put the series online as a way for markets that they don't reach via traditional broadcast means. ROH had been holding off on announcing new dates for some of their existing markets since those shows would be held under the new regime.

ROH will still release their house shows via DVD and they will hold Internet PPVs, although traditional PPV, including live broadcasts, are not out of the question down the line should everything fall into place. There is absolutely no timetable for returning to traditional PPV as it's not something on the radar as much as something they are open to if there is a call or need for it.

We've been asked what this might mean for the library of ROH on HDNet matches. I am told that HDNet retains the rights to the content for high definition broadcasting but ROH would have access and rights to the material if it is used in standard definition, which is probably why we haven't seen those matches released via the Blu-Ray format.

The ROH staff and roster will remain intact, although I would be shocked if there aren't changes made as time goes on, as is common when any company undergoes a regime change.

The sale means an increase in power for Jim Cornette, although Hunter Johnston will remain booker. Cornette had been consulting on the booking and will be working full-time for the company going forward, which explains why he hasn't been working with OVW in recent weeks. I believe Cornette may have been the initial point person between Cary Silkin and Sinclair, but I don't know that for sure.

Joe Koff of Sinclair will be the Chief Operating Officer of the company while former WCW Promoter Gary Juster will be Vice President and will oversee all of the live event aspects of the company. There will be upgrades for production, lighting, etc. as well.

As noted earlier, all of the previous braintrust for the company will be remaining in place, although I don't know what their new positions of power will be.

The majority of the ROH roster are signed to deals. I would assume the remaining members who aren't signed will be offered deals or will be replaced by talents that will.

In terms of the ROH product, I am told that there will be no major overhauls to the style but we may see some additional WWE level names that would have name recognition (and who could work the style) plugged into the roster, similar to the way Shelton Benjamin and Charlie Haas have over the last year

whitewolf8214
05-22-2011, 11:18 AM
LIST OF STATIONS OWNED BY NEW ROH OWNER SINCLAIR BROADCASTING
LIST OF STATIONS OWNED BY NEW ROH OWNER SINCLAIR BROADCASTING | PWInsider.com (http://www.pwinsider.com/article/58222/list-of-stations-owned-by-new-roh-owner-sinclair-broadcasting.html?p=1)

whitewolf8214
05-22-2011, 02:40 PM
ROH's Cary Silkin Comments on the New Sinclair Deal
ROH's Cary Silkin Comments on the New Sinclair Deal - Wrestlezone.com (http://www.wrestlezone.com/news/article/rohs-cary-silkin-comments-on-the-new-sinclair-deal-130237) Ring of Honor Confirms First Set of Sinclair TV Tapings
Ring of Honor Confirms First Set of Sinclair TV Tapings - Wrestlezone.com (http://www.wrestlezone.com/news/article/ring-of-honor-confirms-first-set-of-sinclair-tv-tapings-130235)

whitewolf8214
05-22-2011, 08:43 PM
SINCLAIR BROADCASTING ISSUES RELEASE ON ROH ACQUISITION
By Mike Johnson on 2011-05-22 16:49:41
Sinclair Broadcasting issued the following press release:
Sinclair Acquires "Ring of Honor" Wrestling Franchise

BALTIMORE == Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," announced today that it has acquired the "Ring of Honor" wrestling (ROH) franchise. Ring of Honor is the third largest wrestling promotion in the country.

"We are very excited about this acquisition," commented Steve Marks, COO of Sinclair's Television Group. "Television and professional wrestling have a long history of successful partnerships and driving viewership. Unfortunately, the broadcast networks have not protected that relationship, allowing professional wrestling to migrate to cable network distribution. We believe that the powerful promotional platform that our TV stations provide, coupled with our 22% coverage of the U.S. TV households, will allow ROH to achieve name brand recognition and grow its share of the wrestling market. When you consider the make-up of our station mix and the number of CW, MYTV and FOX affiliates we operate, this is a perfect fit for our viewer demographics."

Mr. Marks continued, "We believe that ROH will provide us with multiple revenue opportunities. In addition to the advertising component, there are product sponsorships, Internet pay-per-view, live wrestling tour events, and sales of DVDs and other merchandise. Longer-term, we can envision syndicating ROH wrestling to broadcasters in markets where Sinclair does not have a presence and even internationally. We believe there are opportunities to broadcast ROH wrestling on our secondary tier channels or in a mobile environment. The acquisition also means less syndicated product that we will be required to purchase, and since we own the franchise, we control how many times, which dayparts and on which affiliates we want to air the matches without having the limitation on the number of runs or license fee costs."

"We have been waiting and working for this opportunity for quite some time," commented Cary Silkin, owner of ROH. "Of our 9 years in business, there has been no better roster of wrestlers than this one to expose the ROH product to the masses. With Sinclair's resources and many avenues of distribution, we believe many new fans will be as captivated as those who have followed Ring of Honor over the years."

This September, Ring of Honor will debut on Sinclair's network of broadcast television stations, and with it, will become the only wrestling promotion in the United States with a major, multi-market presence on broadcast TV. "But if you don't live in a market with a Sinclair station, fear not," says Mr. Silkin. "Through our website, we will be able to make the TV show available to anyone in the world with internet access."

ROH will be headed by Joe Koff, Chief Operating Officer of Ring of Honor. Mr. Koff, who has been with Sinclair since 2003 and most recently served as Director of Sales, has a long established career in television broadcasting sales and management, as well as managing wrestling content. Mr. Koff was responsible for personally creating, producing, marketing, syndicating, and selling barter inventory in what was to become "The Battle of the Belts I, II, III." "Battle of the Belts," which ran three consecutive seasons from 1985-1987, was considered breakthrough programming in its time. Mr. Koff syndicated the first ever, live, prime-time wrestling event and negotiated the international rights for the initial programming.

While the Ring of Honor acquisition includes primarily intellectual property and equipment, several existing ROH employees will be hired including longtime pro wrestling personality and matchmaker, Jim Cornette, who will serve as VP of Creative. Veteran promoter, Gary Juster, will join as VP of Operations, and Cary Silkin will remain in an advisory role. Ring of Honor features such stars as ROH World Champion, Eddie Edwards; World Tag Team Champions, Charlie Haas and Shelton Benjamin; and top contenders Davey Richards and the Kings of Wrestling. In addition, to Ring of Honor's "best-in-ring" wrestling talent, ROH fans can expect to see other familiar faces such as longtime wrestling broadcaster Kevin Kelly, already the voice of ROH internet pay-per-views, who will assume the TV play-by-play chair this fall, ring announcer Bobby Cruise and senior referee Todd Sinclair.

A major press conference, open to the wrestling press and mainstream media alike, is being planned for in Baltimore, Maryland on Friday, June 24th. This event will feature a number of the ROH staff and wrestlers. The press event will kick off a weekend which includes ROH's next internet pay-per-view event, "Best in the World 2011," live from the Hammerstein Ballroom in New York City on Sunday, June 26th at 4PM EDT. In addition to all the top stars on the ROH roster, this event will feature the return of some favorite stars from Ring of Honor's past, and can be ordered through Gofightlive.tv.

About Ring of Honor:

Ring of Honor wrestling, synonymous with best-in-ring action in the sport, organized in 2001 and was most recently syndicated on the cable network, HDNET. ROH is known for its athleticism and professional wrestling style while providing fans an entertaining, hard hitting performance.

Ring of Honor produces weekly, original 1-hour television wrestling match programs and stages more than two dozen live events in various cities per year. The major live events are also broadcast worldwide via internet pay-per-views. DVDs, T-Shirts and other ROH merchandise are available for sale at each tour venue and through their Internet site, ROH Wrestling | www.rohwrestling.com (http://www.rohwrestling.com). Ring of Honor also has a wrestling school to teach existing and new wrestlers of any level.

About Sinclair:

Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies, owns and operates, programs or provides sales services to 58 television stations in 35 markets. Sinclair's television group reaches approximately 22% of U.S. television households and is affiliated with all major networks. Sinclair owns equity interests in various non-broadcast related companies. The Company regularly uses its website as a key source of Company information and can be accessed at Sinclair Broadcast Group (http://www.sbgi.net).

Forward-Looking Statements:

The matters discussed in this news release, include forward-looking statements regarding, among other things, future operating results. When used in this news release, the words "outlook," "intends to," "believes," "anticipates," "expects," "achieves," and similar expressions are intended to identify forward-looking statements. Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including and in addition to the assumptions identified in this release, but not limited to, the impact of changes in national and regional economies, the volatility in the U.S. and global economies and financial credit markets, successful execution of outsourcing agreements, pricing and demand fluctuations in local and national advertising, volatility in programming costs, the market acceptance of new programming, the CW Television Network and MyNetworkTV programming, our news share strategy, our local sales initiatives, the execution of retransmission consent agreements, our ability to identify and consummate investments in attractive non-television assets and to achieve anticipated returns on those investments once consummated, and any other risk factors set forth in the Company's most recent reports on Form 10-Q, Form 10-K and Form 8-K, as filed with the Securities and Exchange Commission. There can be no assurances that the assumptions and other factors referred to in this release will occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements except as required by law.

whitewolf8214
05-22-2011, 08:43 PM
CARY SILKIN COMMENTS ON SELLING RING OF HONOR
By Mike Johnson on 2011-05-22 16:27:54
On the official ROH Forums of the company website, Cary Silkin wrote the following:
"It's a new dawn!!

I just want to take a moment to thank everyone for all the years of support.As corny as it sounds if is was not for the fans and the passion of all of you we would have never made it to this day. ROH will now live on bigger and better than ever.We look forward to this new era of ROH. Lots of news will be coming out over the next few weeks and I am thrilled to stay on with the company and be able to enjoy a bigger and better Ring of Honor.

Thank you Joe Koff and the Sinclair team for making this happen and I will see everyone in NYC !!!

It's a new dawn!!"

Thanks to Richard Phillips for his help.

whitewolf8214
05-23-2011, 11:35 AM
THOUGHTS ON THE SALE OF RING OF HONOR AND THE POSITIVES AND NEGATIVES OF HOW IT WILL AFFECT THE COMPANY
THOUGHTS ON THE SALE OF RING OF HONOR AND THE POSITIVES AND NEGATIVES OF HOW IT WILL AFFECT THE COMPANY | PWInsider.com (http://www.pwinsider.com/article/58236/thoughts-on-the-sale-of-ring-of-honor-and-the-positives-and-negatives-of-how-it-will-affect-the-company.html?p=1)

whitewolf8214
05-23-2011, 03:55 PM
Sinclair Broadcast buys 'Ring of Honor' wrestling News from AP | The Dallas Morning News, dallasnews.com (http://hosted.ap.org/dynamic/stories/U/US_SINCLAIR_WRESTLING?SITE=TXDAM&SECTION=HOME&TEMPLATE=DEFAULT)

whitewolf8214
05-24-2011, 02:39 PM
Former WCW Director Now In Charge of ROH TV Tapings
by Nick Paglino
May 24, 2011 PWInsider.com is reporting that Dan Bynum, who worked as a WCW director from 1989-1995, has been hired by Sinclair Broadcast Group to direct the new Ring of Honor TV tapings set to debut in September. Prior to working for WCW, Bynum worked for The Von Erich's World Class Championship Wrestling promotion

whitewolf8214
05-28-2011, 10:54 AM
Exclusive: Inside The Ring of Honor Deal
Exclusive: Inside The Ring of Honor Deal - Wrestlezone.com (http://www.wrestlezone.com/editorials/article/exclusive-inside-the-ring-of-honor-deal-130531)

Reigster at SatelliteGuys