April 21, 2017 ‘Sinclair Broadcast Group Inc. said Friday it will buy 14 television stations from a smaller operator, less than 24 hours after federal regulators made changes that could help spur consolidation among television broadcasters. Sinclair, one of the nation’s largest television-station owners, said it plans to buy Bonten Media Group Holdings Inc., which owns […]
April 21, 2017
‘Sinclair Broadcast Group Inc. said Friday it will buy 14 television stations from a smaller operator, less than 24 hours after federal regulators made changes that could help spur consolidation among television broadcasters.
Sinclair, one of the nation’s largest television-station owners, said it plans to buy Bonten Media Group Holdings Inc., which owns 14 television stations in eight markets that reach about 1% of the U.S. TV households. Bonten also provides services to four other TV stations.
The aggregate purchase price of the stations is $240 million, Sinclair said. The stations would have added $120.5 million to Sinclair’s $2.5 billion of media revenue last year.’