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David D. Smith

Sinclair Broadcast plans to buy cable Tennis Channel for $350 million

Sinclair Broadcast plans to buy cable Tennis Channel for $350 million

Sinclair Broadcast Group said Wednesday that it plans to buy the Tennis Channel, a live sports cable channel, for $350 million.

Hunt Valley-based Sinclair, one of the nation's largest independent broadcasters and the largest producer of local news, said it was attracted to the only major sports network left under independent ownership as it expands programming in areas such as sports and entertainment.

It would be the first national cable channel acquisition for Sinclair, which owns, operates and provides services to 171 local television stations in 81 markets.

"Tennis Channel is an established property with high-quality content and advertisers, and is vastly...

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