Sinclair agreed to buy the broadcast assets of...
Sinclair agreed to buy the broadcast assets of eight TV stations owned by New Age Media for $90 million. Sinclair expects to complete the transaction by Q1, it said in a news release Wednesday (http://bit.ly/14IhdBb). The transaction includes stations located…
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in the designated market areas of Wilkes-Barre-Scranton, Pa. and Tallahassee and Gainesville, Fla., it said. To comply with FCC ownership rules, Sinclair plans to sell the licenses of WSWB (CW) Wilkes-Barre-Scranton, WTLH (Fox) Tallahassee and WNBW (NBC) Gainesville to Cunningham Broadcasting Corp., it said. Sinclair also said it plans to sell WTLF (CW) Tallahassee to Deerfield Media.