[opendtv] News: Viacom To Acquire Sinclair's KOVR
- From: Craig Birkmaier <craig@xxxxxxxxx>
- To: OpenDTV Mail List <opendtv@xxxxxxxxxxxxx>
- Date: Fri, 3 Dec 2004 08:22:22 -0500
http://www.broadcastingcable.com/article/CA484964.html?display=Breaking+News&referral=SUPP
Viacom To Acquire Sinclair's KOVR
-- Broadcasting & Cable, 12/3/2004 12:30:00 AM
Viacom plans to buy KOVR Sacramento, Calif., from Sinclair Broadcast
Group for $285 million in cash, the two companies announced today.
The deal allows Viacom to bring one more affiliate of its CBS
broadcast network into its stable of O&Os.
If approved by the FCC and the Justice Department, the deal also
would create the company's ninth duopoly.
Viacom already owns UPN affiliate KMAX Sacramento, a UHF
station.Viacom officials say there should be no problem winning
regulators' approval, but an industry analyst said gaining government
OK is no sure thing.
Because Viacom is already brushing up against the FCC's national
ownership limit, the company might be forced to sell a station in
some other market.
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