T.L. Hughes 752 Posted September 8, 2011 Share Posted September 8, 2011 Sinclair Broadcast Group has announced that it will purchase the four-year-old Four Ponts Media Group from Cerberus Capital Management for $200 million. Sinclair will operate the seven station group which includes former CBS Corporation-owned stations KUTV and KMYU in Salt Lake City (KMYU, a MyNetworkTV affiliate that was formerly a satellite station of KUTV, is actually licensed to St. George), KEYE-TV in Austin and WTVX in West Palm Beach, under local marketing agreements (effectively replacing Nexstar Broadcasting as Four Points' LMA partners) until the sale closes. This will increase the number of stations owned or operated by Sinclair from 56 to 63 stations. http://www.tvnewscheck.com/article/2011/09/08/53840/sinclair-buys-four-points-media-for-200m Link to comment Share on other sites More sharing options...
24994J 5276 Posted September 8, 2011 Share Posted September 8, 2011 Late. Link to comment Share on other sites More sharing options...
TexasTVNews 1366 Posted September 8, 2011 Share Posted September 8, 2011 SBG buys Four Points Media Group?! God Almighty No! Link to comment Share on other sites More sharing options...
mre29 1340 Posted September 8, 2011 Share Posted September 8, 2011 SBG buys Four Points Media Group?! God Almighty No! So, is going from Nexstar to Sinclair actually worse? I would think it'd just be a lateral move. Link to comment Share on other sites More sharing options...
T.L. Hughes 752 Posted September 8, 2011 Author Share Posted September 8, 2011 Now here's the thing, the FCC in 2007 apparently raised the limit of stations a TV station group can own to an national market reach of 39% of U.S. homes. I'm wondering if SInclair would have to put some stations on the market given that with the Four Points purchase Sinclair will own stations in the top 50 markets of West Palm Beach, Austin and Salt Lake City, in addition to the stations it already owns in Baltimore, Pittsburgh, Milwaukee, Raleigh, Nashville, Las Vegas, Cincinnati, Minneapolis and St. Louis. The stations that Sinclair owns in those markets along with all the others it owns or operates have got to put the group's market reach close to, right at or past the 39% limit, wouldn't it? (BTW in Oklahoma City, where I'm from, Sinclair owns the Fox and CW affiliates here, so I'm just curious). Link to comment Share on other sites More sharing options...
abric 157 Posted September 8, 2011 Share Posted September 8, 2011 Get ready for the Sinclair graphics and music to come to Salt Lake City and Austin very soon. :ack: Link to comment Share on other sites More sharing options...
tw-804 190 Posted September 9, 2011 Share Posted September 9, 2011 Get ready for the Sinclair graphics and music to come to Salt Lake City and Austin very soon. :ack: ...and commercials for "Hey! It's Half Off" and "MobiDeals". Link to comment Share on other sites More sharing options...
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