COOS BAY — The parent company of several television stations airing in Coos County has been sold in a merger transaction valued at approximately $373.3 million.
Sinclair Broadcast Group Inc., which describes itself as the largest independent TV broadcaster in the country, will acquire Fisher Communications Inc.
The transaction covers CBS affiliate KCBY in Coos Bay, as well as Eugene stations KVAL, KPIC, KMTR, KMCB and KTCW.
According to a Sinclair news release, Fisher owns 20 television stations in eight Pacific Northwest markets, reaching 3.9 percent of U.S. TV households. It also has three Seattle radio stations.
No information was immediately available on how the sale might affect local broadcasting.
This transaction is subject to approval by the Federal Communications Commission, antitrust clearance, and acceptance by Fisher shareholders.