Sinclair Proposes Surrendering Three Licenses to Gain Allbritton Deal Approval
Broadcasting giant Sinclair is taking some of its local stations in Alabama and South Carolina off the air after the Federal Communications Commission actions in 2014 to keep broadcasters from sharing resources.
In a recent filing with the FCC, Sinclair told the agency that it couldn’t find buyers for two stations in Birmingham (AL) and one station in Charleston (NC). Sinclair was supposed to sell those local broadcast stations as part of its nearly $1-billion deal to purchase stations from competitor Allbritton Communications.
Sinclair outlined its plans for various moves so that no joint sales agreements or sharing agreements or financial ties would be involved in its purchase of the Allbritton stations, which has a closing deadline of July or either party can terminate the deal.
Sinclair Proposes Surrendering Three Licenses to Gain Allbritton Deal Approval Sinclair Proposes Surrendering Three Licenses (Multichannel News)