Sinclair Lines Up The Cash For Its Big Deals

Sinclair Broadcast Group has deals pending to buy Four Points Media for $200 million and the TV stations of Freedom Communications for $385 million, so it recently announced negotiations with its bankers for additional borrowing. Now the deal is done.

UPDATED THURS., 4 P.M. ET

Sinclair Buys Four Points Media For $200M

The Four Points group includes seven stations in four markets, including the CBS affiliates in Salt Lake City and Austin, Texas. The seller is Cerberus, a private equity firm. Sinclair will operate the stations under an LMA prior to closing.