KATV parent company sells television stations to Sinclair Broadcast Group
BALTIMORE (KATV) - KATV parent company Allbritton Communications has entered into an agreement to sell all of its television stations to the Sinclair Broadcast Group for $985 million.
Sinclair announced on Monday that it has entered into a definitive agreement to purchase the stock of Perpetual Corporation and the equity interest of Charleston Television, LLC, both owned and controlled by the Allbritton family. The deal is expected to close by the end of this year.
The Allbritton stations consist of seven ABC Network affiliates, including KATV:
- WJLA: Washington, DC
- WBMA/WCFT/WJSU: Birmingham, Ala.
- WHTM: Harrisburg, Pa.
- KATV: Little Rock, Ark.
- KTUL: Tulsa, Okla.
- WSET: Roanoke, Va.
- WCIV: Charleston, S.C.
The station group also includes NewsChannel 8, a 24-hour cable/satellite news network covering the Washington D.C. metropolitan area, which will be included in the sale. Allbritton Communications also owns the political website POLITICO, which the company is not selling.
As a note to our viewers, KATV wants to emphasize that this is only a behind-the-scenes business matter happening at the corporate level. KATV will continue to bring you the best local news, weather and sports coverage you have counted on us to provide for more than 50 years.