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Sinclair will buy four Cox Media TV stations for $99 million
Sinclair will buy four Cox Media TV stations for $99 million

Sinclair Broadcast Group Inc. has agreed to buy four small-market television stations owned by Cox Media Group for $99 million, the latest deal for Sinclair in a string of acquisitions over the past year and a half. The Hunt Valley TV station owner also announced it has launched a new operating unit, Chesapeake TV, to run the Cox stations and other small stations the company might acquire. Sinclair also will provide sales services to an additional Cox station. The broadcaster has purchased 30 TV stations in mid-sized markets over the past 18 months. "We believe there are many more opportunities to acquire quality assets and to unlock hidden value, including in the smaller markets,...

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