Keyword: Bonten Media Group
Sinclair Broadcast Group’s third-quarter net income fell to $30.6 million, down from $50.8 million one year ago, as hurricanes, departing advertisers and acquisition-related charges took their toll.
Sinclair Broadcast Group announced today that it has officially closed its previously announced acquisition of Bonten Media’s TV stations for $240 million.
House Democrats sent a letter to the FCC chairman regarding reports that certain FCC actions have been made with “preferential treatment” of Sinclair.
FCC Commissioner Mignon Clyburn got in a jab at Chairman Ajit Pai after Sinclair’s $240 million deal to buy Bonten Media’s TV stations was approved.
While rumors continue to swirl about Sinclair’s bid to acquire Tribune Media, the broadcast group is moving ahead with buying Bonten Media’s stations.
Warren Schlichting, Dish executive VP of programming, suggested that Hearst executives have walked away from the negotiating table.
Dish Network announced over the weekend that it has reached terms on a new broadcast retransmission licensing deal with Bonten Media, ending a blackout that involved 12 stations.