Media company Twenty-First Century Fox is buying seven TV stations from Sinclair Broadcast Group for $910 m...

NEW YORK (AP) - Media company Twenty-First Century Fox has agreed to buy seven TV stations from Sinclair Broadcast Group for $910 million. For Sinclair, the station sale could help get regulators' approval for its proposed $3.9 billion acquisition of Tribune Media, which would make it the largest U.S. TV station owner. Jack Abernethy, CEO of Fox Television Stations, said: “This transaction illustrates Fox’s commitment to local broadcasting and we are pleased to add these stations to our existing portfolio. The company said the deal would grow Fox Television Stations' coverage to nearly half of all U.S. households, and its market presence to 19 of the top 20, including the addition of key markets that align with Fox's sports rights.
Fox buys seven TV stations from Sinclair Broadcast Group for US$910 million.