Sinclair buys Four Points Media TV stations for $200 million

January 03, 2012|By Lorraine Mirabella, The Baltimore Sun

Sinclair Broadcast Group Inc. has finalized a planned purchase of Four Points Media for $200 million, the Hunt Valley-based broadcaster said Tuesday.

Sinclair financed the acquisition of Four Points' television stations with a $180 million loan plus $20 million in cash that it had already paid.

Sinclair acquired the Four Points TV stations, which it has been operating since Oct. 1, from affiliates of Cerberus Capital Management LP. The newly purchased assets include television stations in Salt Lake City; Austin, Texas; West Palm Beach, Fla.; Providence, R.I., and New Bedford, Mass.

Sinclair owns and operates or provides programs for 73 television stations in 46 markets.

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