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Sinclair Hires Moelis To Help Sell Stations

TVNewsCheck | by Staff

Sinclair Broadcast Group announced Wednesday that it has engaged Moelis & Co. as its financial adviser in connection with the company’s potential sale of CBS affiliate WHP (CBS) in Harrisburg, Pa., together with the right to provide services to WLYH (CW) Harrisburg, WMMP (MNT) Charleston, S.C., and WABM (MNT) Birmingham, Ala. The potential sale of the stations had been previously proposed to the FCC in order to smooth the way for approval of its proposed $985 million purchase of Allbritton Communications’ television stations that it wants to close by July 27.