The consolidation of the television industry continued Monday with Baltimore-based
For Sinclair, this is the second major acquisition it has made in this year. In April, it bought
Allbritton's biggest assets are WJLA-TV, the
"To buy a full-blown news operation in our nation's capital and an infrastructure that allows us to be connected to our branches of government and be at the pulse of national issues is a once-in-a lifetime event," said David Smith, chief executive of Sinclair Broadcast Group.
The Sinclair-Allbritton sale is the latest in a slew of big deals in the local television station business. Earlier this month,
By getting bigger, Sinclair Broadcast Group will have more leverage both with advertisers and cable and satellite operators that will need to pay fees to carry its stations. Sinclair also will be in a better position to negotiate with programmers for content.
Media watchdogs, however, fear that fewer owners mean less choice for viewers in terms of news content and diversity of opinions.
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