Despite the FCC’s local ownership limits and its crackdown on joint sales agreements, the mega-station group has emerged with the market’s ABC and Fox affiliations and a JSA with the CW outlet.
The group has agreed to buy eight stations — one low power and seven full power — located in Pennsylvania and Florida. “Through each acquisition we continue to capture operating efficiencies and scale, as well as increase our cash flow for ongoing opportunities,” says Sinclair CEO David Smith.
