The ties between Sinclair’s CBS WGME-TV Portland ME and Max Broadcast Group’s Fox WPFO-TV Waterville ME go back a few years. But Max will be leaving as Sinclair and a partner acquire the station, the value of which has appreciated nicely over 10 years.
In all, Eugene Loving’s MBG will earn $17M for the station. Frequent Sinclair operational partner Cunningham Broadcasting Corporation will be getting the license assets of the station for $3.4M, and Sinclair will buy the remaining assets for $13.6M.
