TVNewser LostRemote SocialTimes AgencySpy FishbowlNY FishbowlLA FishbowlDC MediaJobsDaily more GalleyCat AppNewser UnBeige PRNewser 10,000 Words AllFacebook AllTwitter semanticweb.com

Sinclair Buying Barrington TV Stations For $370M

Sinclair Broadcast Group is purchasing 18 stations from Barrington Broadcasting Group for $370 million, the company announced Thursday. As part of the agreement, Sinclair will operate or provide sales services to an additional six Barrington stations.

The 24 stations are located in 15 markets and reach 3.5% of the U.S. TV households. The transaction is subject to FCC approval and antitrust clearance, and Sinclair estimates the deal will close in the second quarter of 2013.

The Barrington stations, along with five stations Sinclair is buying from Cox Media, will make up Sinclair’s Chesapeake TV group, which will focus on stations in smaller markets. Sinclair has announced Steve Pruett as the chief operating officer of Chesapeake TV. Pruett was most recently CEO of Communications Corporation of America’s 25-station group.

Due to FCC ownership conflict rules, Sinclair will sell WSYT in Syracuse and WYZZ in Peoria as it acquires Barrington’s stations. The stations will be purchased by Cunningham Broadcasting Corporation and Howard Stirk Holdings, a new entity formed by Armstrong Williams, a political commentator and CEO of The Graham Williams Group.

After the jump, see a list of the stations involved in the sale.

WEYI, Flint-Saginaw-Bay City-Midland, Mich.

WBSF, Flint-Saginaw-Bay City-Midland, Mich.

WNWO, Toledo, Ohio

WACH, Columbia, S.C.

WSTM Syracuse, N.Y.

WTVH Syracuse, N.Y.

WSTQ Syracuse, N.Y.

KGBT, Harlingen-Weslaco-Brownsville-McAllen, Texas

KXRM Colorado Springs, Colo.

KXTU Colorado Springs, Colo.

WPDE Myrtle Beach-Florence, S.C.

WWMB, Myrtle Beach-Florence, S.C.

WHOI Peoria-Bloomington, Ill.

WPBN Traverse City-Cadillac, Mich.

WGTU Traverse City-Cadillac, Mich.

WTOM Traverse City-Cadillac, Mich.

WGTQ Traverse City-Cadillac, Mich.

KVII Amarillo, Texas

KVIH Amarillo, Texas

KRCG Columbia-Jefferson City, Mo.

WFXL Albany, Ga.

KHQA Quincy, Ill. – Hannibal, Mo. – Keokuk, Iowa

WLUC Marquette, Mich.

KTVO Ottumwa, Iowa – Kirksville, Mo.

 

Mediabistro Event

Find Out How To Land Your Dream Job

Job Search IntensiveLooking for guidance as you job hunt? Look no further. Join ourĀ Job Search Intensive, an interactive online event starting June 11, 2013. Over four weeks, you’ll watch live weekly webcasts featuring HR professionals, career experts, and recruiters who will share best practices for landing interviews and getting hired. Register here.