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Sinclair Broadcast Group Inc. announced Friday it will acquire Bonten Media Group Holdings Inc. in a $240 million all-cash deal.
Already the largest owner and operator of television stations in the U.S., Hunt Valley-based Sinclair will add another 14 stations in eight markets reaching approximately 1 percent of households. The deal, expected to close in the third quarter, comes a day after the Federal Communications Commission loosened a regulation affecting how the agency calculates the audiences…
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READ MORE: Sinclair acquiring New York-based television broadcaster for $240 million