Sinclair Grabs WTTA Tampa for $40 Mil in Addition to Newport TV Six
Separate from its deal to acquire six stations from Newport Television for $412.5 million, Sinclair Broadcast Group has entered into an agreement to purchase the assets of Bay Television, Inc., which owns the MyNetworkTV affiliate WTTA Tampa/St. Petersburg for $40 million.
Bay TV is owned primarily by Sinclair's controlling shareholders. Since 1998, Sinclair has operated it via a local marketing agreement, which will be terminated upon closing.
The transaction is expected to close in the fourth quarter of 2012, subject to FCC approval.
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Michael Malone, senior content producer at B+C/Multichannel News, covers network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television. He hosts the podcasts Busted Pilot, about what’s new in television, and Series Business, a chat with the creator of a new program, and writes the column “The Watchman.” He joined B+C in 2005. His journalism has also appeared in The New York Times, The Philadelphia Inquirer, Playboy and New York magazine.