Sinclair to Buy Allbritton TV Station Group

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.

Politico Owner Puts TV Stations on the Block

Longtime TV owner Allbritton Communications is looking to get out of the TV business to devote all its resources to Politico and other new media. Robert Allbritton, the 44-year-old publisher of Politico, revealed his plans in a memo to employees this morning.