When Sinclair Broadcast Group Inc. completes three deals announced in the past two months, it will own more television stations across the country than any other company.
The Hunt Valley company will operate 134 stations in 69 markets, reaching more than a third of all U.S. homes with televisions. It will have more than doubled in size in about two years, and that's presuming it doesn't broker any more acquisitions.
It still won't own stations in megamarkets such as New York or Los Angeles, but that's part of its strategy. Sinclair's buying spree is aimed at stations in midsize to small markets.
"They're clearly becoming — if they haven't already been — a major...