The deal comes less than three weeks after the Federal Communications Commission revised local TV ownership rules that gave Sinclair more room to make acquisitions. Though regulators could require Sinclair, which owns around 173 local TV stations, to sell some, the FCC under President Trump has indicated it will pursue further steps to curb limits on the size and reach of media companies.
Historically, Sinclair has focused on buying small TV station groups, often family-owned companies. In late April, just days after the FCC resurrected its so-called UHF discount, Sinclair said it had joined with a related entity in a $240 million deal to acquire 18 TV stations in five states from Bonten Media Group Holdings and Esteem Broadcasting.
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