Sinclair Broadcast Group closed on its $115.35 million...
Sinclair Broadcast Group closed on its $115.35 million buy of four TV stations from Titan, Sinclair said in a press release (http://bit.ly/15afLYK) Thursday. The deal also includes Titan’s sharing agreements with stations KXVO Omaha, Neb., and KMEG Sioux City, Iowa,…
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Sinclair said. The transaction was funded through cash on hand, said the release. The deal involves two Fresno, Calif., stations, and one station each in Omaha and Sioux City, along with KXVO and KMEG, said the release. Alongside pending Sinclair deals for TV stations from Allbritton and New Age Media, the deal will leave Sinclair’s reach at around 38.7 percent of U.S. television households, counting as 24.3 percent for the purposes of the FCC’s 39 percent ownership cap because of the UHF discount, the release said.