Sinclair Pays $985M For 8 TV Stations, Extending Buy-Up

Law360, New York (July 29, 2013, 3:25 PM EDT) -- Sinclair Broadcasting Group Inc. continued its spending spree Monday, announcing it would plunk down $985 million for a bundle of eight television stations from Allbritton Communications Co., including Washington, D.C.’s sought-after WJLA.

Under the transaction’s terms, Sinclair will take over seven ABC affiliates in top-100 markets spread across the East Coast and South plus a local cable news channel serving more than 2 million households in the Washington metropolitan area, the company said. With the latest additions, Sinclair brings its station purchases so far this year...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.