Sinclair Sells Some Stations to Friendly FoesOffloads in Birmingham, El Paso to closely aligned companies 8/14/2013 03:03:33 PM Eastern
Sinclair Broadcast Group has agreed to sell stations to buyers it is very familiar with.
The list includes KKNJ-KCWF, a pair of CBS affiliates in New Mexico, along with another CBS station, KDBC El Paso. The buyer is closely aligned Cunningham Broadcasting Corp., and the price is $21 million. Sinclair provides services to Cunningham stations for a fee.
Sinclair is also selling WABM-WTTO Birmingham, a MyNetworkTV-CW duo, to Stephen Mumblow for $7.35 million. Sinclair also provides services to stations Mumblow has acquired in markets such as San Antonio and Columbus.
Cunningham Broadcasting, meanwhile, is acquiring WWCP Johnstown (PA) from Horseshoe Curve Communications for $12 million. WWCP is a Fox affiliate.
Sinclair has been the most bullish acquirer of TV stations the last couple years, including a recent agreement to pick up the Allbritton group for $985 million.