Around the Net
Sinclair Broadcast Group Buys Freedom TV Stations For $385M
- Broadcasting & Cable, Wednesday, November 2, 2011 4:04 PM
Sinclair Broadcast Group will expand its geographic footprint by eight TV stations with its projected purchase of the Freedom Communications station group for $385 million, in a deal that is expected to close later this year or in early 2012.
With the new stations, which include ones in Albany, West Palm Beach and Grand Rapids, as well as its earlier purchase of Four Points Stations, "Sinclair will own and operate, program or provide sales services to 73 television stations in 46 markets, reaching 26.3% of the U.S.," writes Michael Malone.
