Sinclair Broadcast Group is buying Fisher Communications for $373.3 million, the two companies announced Thursday.
Fisher owns 20 television stations in eight markets, reaching 3.9% of U.S. TV households (full list is after the jump). The transaction also includes three radio stations in Seattle. As part of the terms of the agreement, Fisher will provide “certain operating services” for three TV stations in Eugene, Ore. – KMTR, KMCB and KTCW — after the transaction is approved by the FCC.
TVNewsCheck reports Sinclair won a bidding war with LIN Media for the station group “in a deal finalized in the wee hours of Tuesday night.”
“Sinclair is the largest independent TV broadcaster in the country, and we believe its commitment to the industry — along with its greater scale and sizable resources — will provide our stations, team members and business partners with new opportunities to flourish,” Fisher president and CEO Colleen B. Brown said in a statement. Read more