Sinclair To Acquire New Age Stations
Sinclair Broadcast Group has agreed to acquire the New Age station group for $90 million.
The eight stations include WOLF-WQMY-WSWB Wilkes-Barre/Scranton, WTLH-WTLF Tallahassee, and WGFL-WNBW-WMYG Gainesville. The deal is subject to regulatory approval. To comply with Federal Communications Commission ownership rules, Sinclair expects to sell the license and certain related assets of WSWB Wilkes-Barre/Scranton, WTLH Tallahassee and WNBW Gainesville to Cunningham Broadcasting Corporation, and WTLF to Deerfield Media, which Sinclair also has an operating relationship with. Sinclair will continue to provide sales and other non-programming support services to these stations, as well as to WTLH, pursuant to shared services and joint sales agreements.