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Sinclair Broadcast announces plans to buy Bonten Media Group for $240 million

Sinclair Broadcast announces plans to buy Bonten Media Group for $240 million

Sinclair Broadcast Group Inc. has agreed to buy the stock of New York-based Bonten Media Group Holdings for $240 million, the Hunt Valley-based broadcaster announced Friday.

Bonten owns 14 television stations in eight markets, which reach about 1 percent of the TV households in the United States. The broadcaster also operates four stations through "joint sales agreements" with Esteem Broadcasting, and those stations will be acquired by Sinclair-owned Cunningham Broadcasting.

The Bonten and Esteem stations being acquired include NBC, ABC, Fox, CW, UNI and MNT affiliates in eight television markets in California, Montana, North Carolina, Tennessee, Texas and...

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