Sinclair Broadcast Group selling abc27
Maryland-based Sinclair Broadcast Group Inc. has entered into an agreement to sell WHTM-TV (abc27) to Media General Inc. as part of a two-station deal worth $97.4 million, the company announced today.
Media General said it is paying $83.4 million for the Harrisburg station. The local ABC affiliate is the No. 2-ranked television station in the local media market, according to Media General.
The deal, which includes the non-license assets sale of WTAT-TV in Charleston, S.C., to Cunningham Communications, is part of Sinclair’s larger acquisition of Allbritton Communications.
That purchase was announced last year but has been under regulatory scrutiny.
Last month, the company was planning to sell WHP-TV (CBS21) and keep abc27.
Sinclair anticipates it will be able to close on the Allbritton transaction, which was valued at $985 million, in the third quarter.