Sinclair Wastes No Time Jumping on New Rule, Buys 14 TV Stations

Apr 21, 2017  •  Post A Comment

The Sinclair Broadcast Group has added 14 stations in eight markets to its lineup of television stations. TVNewsCheck reports that Sinclair acquired the stations from Bonten Media for $240 million.

Sinclair announced the acquisition today.

“The deal takes advantage of the FCC decision yesterday to restore the UHF discount in calculating station group coverage for purposes of the FCC’s national ownership cap on station group coverage — 39% of TV households,” TVNewsCheck reports.

Sinclair said the acquisition adds about 1% to its total reach.

With the UHF discount in effect, Sinclair remains well below the cap at about 25%, the report notes. Were it not for the discount, the deal would have put the company above the cap at 39.6%.

Among the stations included in the deal are NBC affiliate WCYB-TV and Fox affiliate WEMT-TV in the Tri-Cities DMA in Tennessee-Virginia; ABC affiliate WCTI-TV and Fox affiliate WYDO-TV in Greenville-New Bern-Washington, N.C.; Fox affiliate KCVU-TV and ABC affiliate KRCR-TV in Chico-Redding, Calif.; ABC affiliate KTXS-TV in Abilene-Sweetwater, Texas; and ABC affiliate KAEF-TV and Fox affiliate KBVU-TV in Eureka, Calif.

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