STATION TRADING
Sinclair Closes On $115M Titan TV Deal
Sinclair Broadcast Group Inc. has closed on its planned purchase of four television stations owned by Titan Television Broadcast Group for $115.35 million. As part of the deal, Hunt Valley-based Sinclair took over Titan’s agreements to provide sales and other services to two additional stations. Sinclair, which has been on a tremendous buying binge, funded the deal with cash.
In a sign of how online video viewing is gaining a certain parity with linear TV, listings service TitanTV.com is linking with a service that points people to instant Web viewing options.
