Sinclair got the OK to buy eight full-power TV stations from...
Sinclair got the OK to buy eight full-power TV stations from Freedom Communications, and can keep a failing station waiver for one, letting the new owner operate outlets in excess of the FCC’s limit. WCWN and WRGB “are both located…
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in the Albany-Schenectady-Troy, New York” designated market area, said a Media Bureau letter released Tuesday. “As part of their waiver request, the applicants have demonstrated that WCWN continues to have a very low audience share and has not had an all-day audience share” that reached 4 percent in the last three years. The companies had three years of negative cash flow and station broker Moelis & Co. said none of the 58 prospective buyers wanted to acquire WCWN, said the letter signed by Video Division Chief Barbara Kreisman (http://xrl.us/bmxzfw). Sinclair agreed to pay $385 million for Freedom’s stations (CD Nov 3 p6).