Sinclair Broadcast Group
Sinclair will buy Allbritton's TV stations for $985 million
, the company announced Monday. The stations purchased include WJLA-TV in Washington, D.C., WSET in Lynchburg, Va., and WCIV in Charleston, S.C.
In its release, Sinclair says it plans to "sell the license and certain related assets of its existing stations in Birmingham, AL - WABM (MNT) and WTTO (CW), Harrisburg/Lancaster/Lebanon/York, PA - WHP (CBS), and Charleston, SC - WMMP (MNT)" to comply with FCC rules.
Allbritton announced in May it would explore a sale of its TV assets so honcho Robert Allbritton could concentrate on "POLITICO and companies like it
," he wrote in a memo. Politico would not be part of such a sale, Allbritton wrote at the time. The stations, two of which are serve the lucrative swing state of Virginia, were expected to get bids of up to a billion dollars
, Keach Hagey reported earlier this month.