KCBY, other local TV stations sold for $373M

2013-04-11T10:12:00Z 2013-04-11T12:26:19Z KCBY, other local TV stations sold for $373M Coos Bay World
April 11, 2013 10:12 am

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.

Copyright 2015 Coos Bay World. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

(1) Comments

  1. Sujameco
    Report Abuse
    Sujameco - April 11, 2013 11:53 am
    It looks like this unfortunate change will mean more bad news for Coos: "Like their philosophical brethren at Fox Television, Sinclair has been very aggressive in promoting its political views on television. However, Sinclair is a bit different in that they use the public's broadcast airwaves to do so."
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