Sinclair Broadcast Group is getting 14 stations larger with the announced $240 million acquisition of TV stations in small markets owned and operated by Bonten Media.
- WCYB (NBC) and WEMT (Fox) serving eastern Tennessee and western Virginia
- WCTI (ABC) and WYDO (Fox) in North Carolina
- KCVU (Fox), KRCR (ABC), KRVU (MNT), KUCO (UNI), KAEF (ABC), KBVU (Fox), KECA (CW) and KEUV (UNI) in California
- KECI (NBC), KCFW (NBC) and KTVM (NBC) in Montana
- KTXS (ABC), KTES (Me-TV) and KTXE (ABC) in Texas
The station acquisitions will increase Sinclair’s presence in states where it already operates, and could directly affect cable and satellite TV customers because of Sinclair’s usual practice of demanding high compensation fees for permission to carry its stations on the pay TV dial.
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WCTI-TV New Bern/Greenville/Washington/
Jacksonville, N.C. is just one of the stations being acquired by Sinclair.
The acquisition allows Sinclair to make advertising opportunities available on a larger number of stations and will help Sinclair expand the number of stations that carry its digital subchannel networks including Comet, a sci-fi channel, Charge!, which airs action-oriented programming, and TBD, a short-form programming network that relies heavily on online media productions.
“We look forward to welcoming the Bonten employees into the Sinclair family and are pleased to be growing our regional presence in several states where we already operate,” said Sinclair CEO Chris Ripley in a statement. “We believe our economies of scale help us bring improvements to small market stations, including investments in news, other quality local programming, and multicast opportunities with our emerging networks.”
The current deal is only a preview of the kind of TV station consolidation expected with Sinclair’s anticipated acquisition of Tribune Media, which owns familiar large market stations like WPIX-New York, KTLA-Los Angeles and WGN-Chicago.
Last week, FCC chairman Ajit Pai led the Commission to make it easier for large station owner groups to acquire more stations. Sinclair is currently the second-largest TV station owner in the U.S. (behind Nexstar Media Group) with 165 stations if its deal with Bonten is approved by regulators. Should it acquire Tribune, it would become the nation’s largest TV station operator by far.