Get unlimited digital access to baltimoresun.com. $0.99 for 4 weeks.

Topics

Television Stations
Sinclair to acquire 18 TV stations for $370 million
Sinclair to acquire 18 TV stations for $370 million

Sinclair Broadcast Group Inc.'s stock soared a day after it announced plans to buy 18 television stations owned by Barrington Broadcasting Group for $370 million. The Hunt Valley broadcaster's stock leapt 12.7 percent to end Friday at $15.88 a share. Thursday's announcement was Sinclair's second this week of a planned acquisition. Sinclair had said Monday it would purchase four TV stations from Cox Media Group for $99 million. The 24 Barrington stations — a mix of ABC, CBS, NBC, Fox and CW affiliates — are located in 15 markets ranging from upstate New York to South Carolina and as far west as Colorado. The deal includes an agreement to operate or provide...

Loading