Fox Selling WUTB to Deerfield Media for $2.7 Million
Sinclair works out shared services agreement for Baltimore station
By Michael Malone -- Broadcasting & Cable, 11/29/2012 3:56:08 PM
Stephen Mumblow is the sole stockholder in Deerfield.
As a standalone MyNetworkTV station, WUTB wasn't an ideal fit in the Fox-owned portfolio.
In May, Fox and Sinclair worked out a quirky deal as part of affiliation agreements for Sinclair's 19 Fox affiliates, in which Sinclair received "an assignable option to purchase at fair value," WUTB.
That was designed to preserve the Sinclair flagship, Fox affiliate WBFF.
Sinclair also operates CW affiliate WNUV in Baltimore, which is owned by Cunningham Broadcasting.
The WUTB acquisition was previously reported in TVNewsCheck.
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