A PYMNTS Company

US: Sinclair continues broadcasting spree with big buyout in Washington

By  |  January 22, 2014

Sinclair Broadcast Group continued its buyout spree of television stations with the announcement of a $985 million buyout of Allbritton television stations. Reports say the transaction will land seven ABC affiliates in Sinclair’s hands, including Washington DC’s WJLA and NewsChannel 8. Sinclair CEO David Smith described the deal as a “one-in-a-lifetime event that will allow the company to “be at the pulse of national issues” in the nation’s capitol. Allbritton reaches 4.9 percent of households with televisions, according to a press release.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Deadline

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.