Sinclair to Expand TV Empire With $240M Bolten Media Deal

WASHINGTON — Maryland-based Sinclair Broadcast Group continues to grow its broadcasting empire with the acquisition of 14 more television stations.

The latest deal is an agreement to buy Bolten Media Group for $240 million. Bolten owns television stations in smaller markets in Tennessee, North Carolina, California, Montana and Texas.

When the deal closes in the third quarter, subject to regulatory approval, it would boost Sinclair’s TV station holdings to more than 190. Sinclair is already the largest owner of television stations, with stations in 89 markets.

Three years ago, the Hunt Valley company bought Allbritton Communications, the parent company of local ABC affiliate WJLA and NewsChannel 8, for close to $1 billion.

Last month, Sinclair agreed to acquire Tennis Magazine and Tennis.com for $14 million. In 2016, it bought cable television’s Tennis Channel for $350 million.

Sinclair is also reportedly working to acquire Tribune Media and its TV stations in large markets including New York, and Chicago, according to multiple media reports.

The post Sinclair to expand TV empire with $240M Bolten Media deal appeared first on WTOP.

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