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Sinclair Broadcast Group closing Allbritton deal on Friday

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Maryland-based Sinclair Broadcast Group Inc. said it will close its $985 million acquisition of Allbritton Communications on Friday.

Two weeks ago, the U.S. Department of Justice’s antitrust division said it would sign off on the deal as long as Sinclair agreed to sell WHTM-TV (ABC27), citing competitive concerns and prices for spot advertising in Central Pennsylvania.

Sinclair had previously agreed to sell the Harrisburg television station to Media General Inc. for $83.4 million. It is also selling the non-license assets of a Fox affiliate in South Carolina to Cunningham Communications.

The U.S. Federal Communications Commission approved the Allbritton acquisition last week. The proposal was announced last July.

Sinclair will now own and operate, program or provide sales services to 162 television stations in 78 markets.

Shares of the company are traded on the NASDAQ under the ticker symbol SBGI. The stock closed at $33.18 per share on Wednesday, according to Yahoo Finance.

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

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