Sinclair Broadcast Group of Hunt Valley, Md. is proposing changes to its $985 million purchase of ABC affiliate stations owned by Allbritton Communications of Arlington, Va., following some objections by the Federal Communications Commission.
Deal Pipeline says the FCC's approval of Gannett Co. Inc.'s $1.5 billion purchase of Belo Corp. bodes well for another TV deal: Sinclair Broadcast Group's $985 million bid for Allbritton Communication Corp.'s stable of ABC affiliates, including KATV.
The Federal Communication Commission's Media Bureau says part of Sinclair Broadcast Group Inc.'s $985 million deal to purchase TV stations owned by Allbritton Communication Corp. would violate ownership rules.
Sinclair Broadcasting Group of Hunt Valley, Md., has received a second request for information on its $985 million deal to acquire television stations owned by Allbritton Communications Corp. of Arlington, Va.
The American Cable Association is one of several groups filing with the Federal Communications Commission to stop or alter terms of Sinclair Broadcast Group's purchase of Allbritton Communications' television stations, including KATV-TV, Channel 7 of Little Rock.
Allbritton Communications, which earlier this year sealed a deal to sell all its local television stations -- including Little Rock's KATV-TV Channel 7 -- to Sinclair Broadcasting Group Inc., has wasted little time making investments in its new medium of choice, the Internet.
Yesterday, we noted how some folks are unhappy about Sinclair Broadcast Group's purchase of Allbritton television stations, which includes KATV-TV, Channel 7. Here's some more things to keep in mind about the rapidly growing company.
Gannett Co., which owns KTHV-TV, Channel 11, in Little Rock and the Baxter Bulletin in Mountain Home, announced Thursday that's buying Belo Corp. of Dallas in a $2.2 billion deal that includes $175 million of debt.
Politico, the daily political news website, is reporting that its owner, Allbritton Communications, is exploring a potential sale of its TV stations, which includes ABC affiliate KATV-TV, Channel 7, in Little Rock.