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Slide #81. Sinclair Broadcast Group — Titan Stations
Sinclair Broadcast Group (NASDAQ:SBGI)
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the "Company" or "Sinclair") announced that it has closed on its previously announced acquisition of the stock and broadcast assets of four television stations owned by TTBG LLC ("Titan") for an aggregate purchase price of $115.35 million. Sinclair also assumed Titan's agreements to provide sales and other services to two other stations, KXVO in Omaha, NE and KMEG in Sioux City, IA. The Company funded the transaction through cash on hand.
Sinclair Broadcast Group is a television media company. The content, distributed through Co.'s broadcast platform and third-party platforms, consists of programming provided by third-party networks and syndicators, local news, college and sports, and other original programming produced by Co. Additionally, Co. owns digital media products that are complementary to its portfolio of television station and regional sports network related digital properties. Outside of its media related businesses, Co. operates technical services companies focused on supply and maintenance of broadcast transmission systems as well as research and development for the advancement of broadcast technology.
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Hold (2.50 out of 4)