CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) FOR THE YEARS ENDED DECEMBER 31, 2010, 2009 AND 2008  (In thousands)  Sinclair Broadcast Group Shareholders  Class A  Common  Stock  Class B  Common  Stock  Additional  Paid-In  Capital  Accumulated  Deficit  Accumulated  Other  Comprehensive  Loss  Noncontrolling  Interests Total  Equity  (Deficit) BALANCE, December 31, 2009  $ 474 $  325 $ 605,340 $ (813,876) $ (4,213) $ 9,728 $ (202,222) Dividends declared on Class  A and Class B Common  Stock  —  —  —  (34,225)  —  —  (34,225)  Class A Common Stock  issued pursuant to  employee benefit plans  5 — 4,423 — — — 4,428 Class B Common Stock  converted into Class A  Common Stock  24  (24)  —  —  —  —  —  Distributions to  noncontrolling interests  — — — — — (287) (287) Tax provision on employee  stock awards  —  —  (123)  —  —  —  (123)  Change in pension funded  status and amortization of  net periodic pension  benefit costs, net of taxes  — — — — 299 — 299 Net income (loss) —  —  —  76,148  —  (1,100)  75,048  BALANCE, December 31, 2010  $ 503  $ 301  $ 609,640  $ (771,953)  $ (3,914)  $ 8,341  $ (157,082)  The accompanying notes are an integral part of these consolidated financial statements.  2010 Annual Report    29 