The force behind the station group’s retrans efforts and station acquisitions will become a consultant next month.
Among them, Steven Marks, the current co-COO of Sinclair Television Group becomes EVP-COO, of the group and will assume direct oversight for all TV station operations. Also, Steven Pruett the other current TV Group co-COO, will be EVP-chief TV development officer, responsible for developing new business models.
The purchase price is partially offset by the network’s $200 million in net operating losses, which Sinclair will be able to carry forward to its taxes and save it around $65 million. Sinclair has lined up deals with MVPDs to increase the channel’s coverage from 30 million to 50 million homes. The channel’s CEO, Ken Solomon, is staying on.
In a letter to the FCC, the station group’s general counsel, Barry Faber, answers claims made in an earlier statement by Mediacom CEO Rocco Commisso.