Broadcasting & Cable

SJL Broadcasting President George Lilly is very much in acquisition mode after Wednesday’s report that SJL has agreed to acquire WTVG Toledo and WJRT Flint from Disney.

Lilly previously built a strong batch of stations with Montecito Broadcast Group, an SJL predecessor that had been backed by Blackstone Group. After waiting out the economic downturn, he’s now keen to build up a group of 6-8 stations, and is looking for No. 1 or No. 2 ranked stations affiliated with the Big Four networks. “We want strong news operations with quality management,” he says.

Lilly’s family holdings include WSEE and WICU in Erie and a station in Elmira (NY) More…