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Sinclair Broadcast purchases nine TV stations

Television IndustryABCTelevision StationsSinclair Broadcast Group Inc.

Sinclair Broadcast Group said Monday that it has closed on eight television stations it expected to acquire in December and — in a new move — purchased an additional station in New York.

The Hunt Valley company said it bought the non-license assets of WHAM-TV — an ABC station in Rochester, N.Y. — from Newport Television for $54 million, which includes an option to acquire the license assets.

The previously announced deals that closed were for stations in Tampa, Fla.; Beaumont/Port Arthur, Texas; San Antonio, Texas; Cincinnati, Ohio; the Harrisburg region in Pennsylvania; Mobile, Ala.; and Wichita/Hutchinson, Kan. Sinclair picked up two stations in Mobile.

The company also closed on its agreement to sell the license assets of five stations to Deerfield Media.

Sinclair said it paid $459.7 million at closing for its acquisitions, net of deposits it made as well as its sale proceeds from Deerfield. Sinclair issued $500 million in senior notes this fall to fund the purchases.

jhopkins@baltsun.com

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    Television IndustryABCTelevision StationsSinclair Broadcast Group Inc.
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