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Sinclair Broadcast closes on four Cox Media TV stations for $99 million
Sinclair Broadcast closes on four Cox Media TV stations for $99 million

Hunt Valley-based Sinclair Broadcast Group Inc. said Thursday it has closed on the planned purchase of four television stations owned by Cox Media Group for $99 million in cash. The broadcaster also priced its previously announced offering of Class A stock at $27.25 per share and said it is offering 18 million shares. The offering, to raise money for pending and future potential acquisitions, is expected to close May 7. The Cox deal is one of three acquisitions the television station owner and operator announced in the past two months. The additions would make Sinclair the largest owner/operator of television stations in the United States, with 134 stations in 69 markets that would reach...

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