Sinclair Agrees to Purchase Four Stations From TTBG
Grabs stations in Fresno/Visalia, Omaha and Sioux City for $115.35 million
By Lindsay Rubino -- Broadcasting & Cable, 6/4/2013 9:25:07 AM
RELATED: Sinclair's Spree Dazzles Street, Puzzles StationsSinclair Broadcast Group has agreed to acquire the stock and broadcast assets of four stations owned by Titan Television Broadcast Group (TTBG) for $115.35 million.
The stations are KMPH and KFRE Fresno/Visalia, Calif.; KXVO Omaha; and KPTH Sioux City, Iowa. With the purchase, Sinclair will assume TTBG's agreements with KXVO in Omaha and KMEG in Sioux City to provide sales and other services to the stations.
"We are pleased to bring the TTBG stations into the Sinclair portfolio," said David Smith, president and CEO of Sinclair Broadcast Group. "They will complement the California properties we are acquiring from Fisher, as well as add to our Iowa presence and give us our first stations in Nebraska. We welcome all of them to the Sinclair group."
The deal is expected to close in late 2013.
Talkback
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Sinclair continues to buy up more and more stations... and I can't tell if this broadcast group is looking to go under at some point. This Baltimore based company is spending money they really don't have. The FCC truly needs to put a stop to Sinclair's buying spree, and make them sell off stations... and it make take TV viewers putting pressure on the FCC to make it happen.
Eric - 6/5/2013 5:31:09 PM EDT -
I would picture Sinclair targeting Pappas stations not affected from the original Pappas bankruptcy such as KSWT, Nebraska Television Network aka NTV (KHGI, KWNB)/KFXL FOX Nebraska, KCWi/KDMI, WIWN, and WLGA to put about half or most of Pappas Telecasting back together again before the bankruptcy but with Sinclair already planning to run KDBC with KFOX in El Paso, and KRXI and KAME in Reno in lieu of KREN and KAZR (now KRNS) being owned by Entravision. I doubt NexStar would even want to buy more stations like wanting to acquiring those Pappas stations as well. I would even picture Una Vez Mas buying KAZA, Journal or Meredith buying KSWT and NTV (KHGI/KWNB)/KFXL (Meredith with KSWT, Journal with NTV/KFXL), Hearst buying KCWI, Sinclair buying KDMI for it's programming assets, Journal or LIN or Meredith or whoever buys WITI buying WIWN, and Media General buying WLGA. The bad part is very big bad ugly retransmission consent fights with Dish, Directv, Charter, Comcast, Mediacom, Time Warner Cable, CableOne, Suddenlink, and other cable operators big and small in the future who would suffer from very paying big high ugly retransmission consent fees to carry the stations Sinclair already owns and operates and those that they have bought recently.
James (Jimmy) Cieloha - 6/4/2013 5:49:08 PM EDT
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