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Sinclair Broadcast closes on $115 million Titan TV station deal

Sinclair Broadcast Group Inc. has closed on its planned purchase of four television stations owned by Titan Television Broadcast Group for $115.35 million.

As part of the deal, Hunt Valley-based Sinclair took over Titan's agreements to provide sales and other services to two additional stations.

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Sinclair, which has been on a tremendous buying binge, funded the deal with cash.

The Titan portfolio includes three Fox affiliates, in the Fresno/Visalia, Calif., market, in Omaha, Neb., and in Sioux City, Iowa; a CBS affiliate in Sioux City and two CW affiliates, in Fresno and in Omaha.

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Once all the recently announced deals are finalized, Sinclair will own and operate, program or provide sales services to 162 television stations in 77 markets.

Lorraine.mirabella@baltsun.com


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