Its pending acquisition of Tribune Media boosts Sinclair from fourth to No. 1 in TVNewsCheck‘s annual station group ranking by spot revenue. Other groups that advanced multiple slots from a year ago include Univision, Gray, Ion Media Networks, Berkshire Hathaway and News-Press & Gazette.
The recent flurry of buying and selling TV stations is being fueled by an improving economy and more availiable credit. For many buyers, the focus is not on the large markets: “We believe there are many more opportunities to acquire quality assets and to unlock hidden value in both the middle and small markets,” says Sinclair CEO David Smith. And the activity shows no signs of slowing down.