Sinclair Broadcast Group Inc.'s shopping spree continued Thursday with the announcement of a $373.3 million deal that extends its television reach to a third of U.S. viewing households.
Sinclair will gain 20 additional stations in eight markets by acquiring Seattle-based Fisher Communications Inc.
The purchase extends Sinclair's push into new areas, giving the Hunt Valley television station owner access to key markets such as Seattle and Portland, Sinclair CEO David Smith said.
"Fisher is a respected company with a long history in the broadcast space," Smith said during a conference call with analysts.
News of the planned merger sent the company's...