Friday, November 8

Local TV gets wave of runaway consolidation

So far this year, 223 local TV stations have changed hands. This is the biggest wave of media consolidation ever — and it's all happening in small and mid-level markets, involving companies most people have never heard of. Leading this wave is Hunt Valley-based Sinclair Broadcast Group. Sinclair alone is behind seven deals this year, including a $985-million deal to buy nine stations from Allbritton Communications. But it's not alone; other media companies are also racing to gobble up stations.

Read more in the Baltimore Sun