LOS ANGELES, May 29, 2020 /PRNewswire/ -- Jeff Krolik, longstanding President of the
Regional Sports Networks (RSNs) now owned by Sinclair Broadcast
Group, Inc. (Nasdaq: SBGI), today announced his retirement,
effective August 30, 2020.
Krolik, 63, managed the RSNs for nearly 15 years, and led the group
during the sale from FOX to Disney and the subsequent sale from
Disney to Sinclair.
"This August marks the one-year anniversary of the Sinclair
closing, as well as the integration of the network into the group,"
Krolik said. "There could be no more perfect time to hand
over the reins."
Under Krolik's leadership, the RSN group achieved record
profitability and grew to be by far the largest in the
nation. The RSN group acquired a majority stake in the YES
Network and SportsTime Ohio, and successfully launched regional
sports networks in the Carolinas, Indiana, New
Orleans, Oklahoma and San
Diego. During his tenure, Krolik and his team negotiated over
40 team rights agreements.
"Jeff has the well-deserved reputation as both an outstanding
executive and a proven leader," said Chris
Ripley, Sinclair CEO. "He and his team have built an
extraordinarily successful enterprise, and all of us congratulate
him on his many accomplishments and wish him only the best in his
retirement."
"I want to thank the hundreds of colleagues who have made my 25
years in the regional sports business such an exceptional time and
contributed to such an exceptional success," Krolik said. "I
also want to thank Chris Ripley for
all the support he has provided this past year and extend my best
wishes to him and to the organization. The RSNs are in good hands
with Sinclair, and I look forward to their continued success."
Sinclair, through Nolan Partners, Inc. in Los Angeles, will immediately launch a
nation-wide search for the next President.
About the Regional Sports Networks
Sinclair's Regional
Sports Networks portfolio is the nation's leading provider of local
sports, consisting of 23 regional sports network brands, including
FOX Sports Arizona, FOX Sports Carolinas, FOX Sports Detroit, FOX
Sports Florida, FOX Sports Indiana, FOX Sports Kansas City, FOX
Sports Midwest, FOX Sports New Orleans, FOX Sports North, FOX
Sports Ohio, FOX Sports Oklahoma, FOX Sports Prime Ticket, FOX
Sports San Diego, FOX Sports South, FOX Sports Southeast, FOX
Sports Southwest, FOX Sports Sun, FOX Sports Tennessee, FOX Sports
West, FOX Sports Wisconsin, SportsTime Ohio, and interests in
Marquee and YES. The portfolio also includes FOX College Sports. The RSN portfolio serves as the
TV home to more than half of all MLB, NHL and NBA teams based in
the United States. They also
produce over 4,600 live local professional telecasts each year
(subject to the impacts of COVID-19) in addition to a wide variety
of locally produced sports events and programs.
About Sinclair Broadcast Group, Inc.
Sinclair is a
diversified media company and leading provider of local sports and
news. The Company owns and/or operates 23 regional sports network
brands; owns, operates and/or provides services to 191 television
stations in 89 markets; is a leading local news provider in the
country; owns multiple national networks; and has TV stations
affiliated with all the major broadcast networks. Sinclair's
content is delivered via multiple platforms, including
over-the-air, multi-channel video program distributors, and digital
platforms. The Company regularly uses its website as a key source
of Company information which can be accessed at www.sbgi.net.
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SOURCE Sinclair Broadcast Group, Inc.