The Seattle Times is lamenting yesterday’s report of Fisher Communications finding a buyer for its TV and radio stations in Sinclair. The paper reiterated an editorial penned when Fisher announced its intent to sell earlier in the year.
“Media concentration in the nation’s top markets is a threat to independent ownership and to opportunities for minorities and women, from the boardroom to the newsroom. Diverse ownership of the media, competitive journalism and a broad spectrum of opinion and analysis are vital for a robust democracy.”
Baltimore-based Sinclair won the Fisher group, which includes KOMO Seattle, with a $373.3 million bid. The deal is subject to regulatory approval.
Colleen Brown, president and CEO of Fisher, noted Sinclair’s”independence.”
“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.”