As more money flows to advertising startups chasing virtual reality and brands start creating
Sinclair Broadcast Group
Consolidation in the TV business continues unabated, as Media General on Friday announced it has agreed to acquire LIN Media for $1.6 billion.
Seeing the writing on the wall at the Federal Communications Commission, Sinclair Broadcast Group said late Thursday it would restructure its deal to buy Allbritton's TV group. As part of the restructuring, Sinclair will no longer propose to enter into shared service and joint sales agreements in three markets where it is adding ABC affiliates from Allbritton.
Broadcasters have launched a counterstrike against the Federal Communications Commission's proposal to restrict TV joint sales agreements by asking the agency to look into similar sales arrangements used by the largest pay TV providers.
Federal Communications Commission chairman Tom Wheeler's proposal to inhibit joint sales agreements between TV stations is already shaping up to be a fight that will split along party lines.
Acting Federal Communications Commission chairwoman Mignon Clyburn may have turned activist. In a bold move, Clyburn has circulated an item aimed at making sure TV groups don't get any bigger.
A lot of TV groups would like to own a TV station in the nation's capital, but in the end the group next door got it done. Baltimore-based Sinclair Broadcast Group announced Monday it has a deal to purchase Allbritton's seven ABC affiliates, including WJLA in Washington, D.C., and local cable channel NewsChannel 8, for $985 million.