On the face of it, Barrington Broadcasting is selling its television group to Sinclair Television Group for $370M. Sinclair will then install it into its newly formed small market operating unit to be known as Chesapeake TV. But at the end of the day, there are many companies with one kind of stake or another in this deal.
There are four companies selling stations, three are buying (Sinclair makes both lists) and three additional companies have existing LMA relationships with a few of the stations involved in the deal.
Here are the players:
The sellers
Barrington Broadcasting
Tucker Broadcasting
SagamoreHill
Sinclair Television
The buyers
Sinclair Television
Cunningham Broadcasting Corporation
Howard Stirk Holdings
LMA interests
Granite Broadcasting
Nexstar Broadcasting
RKM Media
And here, market-by-market, are the stations and their ownership paths:
Albany GA
* Sinclair gets Fox WFXL-TV from Barrington, part of main $370M deal
Amarillo TX
* Sinclair gets ABC/CW KVII-TV and its satellite KVIH-TV Clovis NM from Barrington, part of main $370M deal
Colorado Springs-Pueblo CO
* Sinclair gets Fox KXRM-TV and CW KXTU-LD from Barrington, part of main $370M deal
Columbia SC
* Sinclair gets Fox WACH-TV from Barrington, part of main $370M deal
Columbia-Jefferson City MO
* Sinclair gets CBS KRCG-TV from Barrington, part of main $370M deal
Flint-Saginaw-Bay City MI
* Howard Stirk Holdings get NBC WEYI-TV, part of main $370M deal, then going from Sinclair to Cunningham for $1.48M as license is assigned to Cunningham from Barrington. Goes into JSA with Sinclair, receiving 70% of advertising revenue, and SSA paying annual base fee of $5,298,779.
* Cunningham gets CW WBSF-TV, part of main $370M deal, then going from Sinclair to Cunningham for $480K as license is assigned to Cunningham from Barrington. Goes into JSA with Sinclair, receiving 70% of advertising revenue, and SSA paying annual base fee of $1,028,267
Harlingen-Weslaco-Brownsville-McAllen TX
* Sinclair gets CBS KGBT-TV from Barrington, part of main $370M deal
Marquette MI
* Sinclair gets NBC/FOX WLUC-TV from Barrington, part of main $370M deal
Myrtle Beach-Florence SC
* Sinclair gets ABC WPDE-TV from Barrington, part of main $370M deal
* Howard Stirk getting CW WWMB-TV from SagamoreHill of Carolina Licenses for $540K, will enter into JSA/SSA with Sinclair
Ottumwa IA-Kirksville MO
* Sinclair gets ABC/CBS KTVO-TV from Barrington, part of main $370M deal
Peoria-Bloomington IL
* Sinclair gets ABC WHOI-TV from Barrington, part of main $370M deal; WHOI is in a JSA/SSA under which services are provided by Granite Broadcasting, will continue under pre-existing terms.
* Cunningham is getting Fox WYZZ-TV from Sinclair for $22M; stations is in JSA/SSA under which services are provided by Nexstar Broadcasting.
Quincy IL-Hannibal MO-Keokuk IA
* Sinclair gets CBS/ABC KHQA-TV from Barrington, part of main $370M deal
Syracuse NY
* Sinclair gets NBC WSTM-TV & CW WSTQ-LP from Barrington, part of main $370M deal
* Barrington site says it provides services to Granite’s WTVH CBS
* Cunningham gets Fox WSYT-TV from Sinclair for $25Ml in LMA under which services are provide by RKM Media
Toledo OH
* Sinclair gets NBC WNWO-TV from Barrington, part of main $370M deal
Traverse City-Cadillac MI
* Sinclair gets NBC WPBN-TV & satellite WTOM-TV from Barrington, part of main $370M deal
* Cunningham gets ABC WGTU-TV & satellite WGTQ-TV from Tucker Broadcasting of Traverse City for $1.25M, will enter into JSA/SSA with Sinclair
