Fisher Communications Incorporated
Sinclair buys Allbritton stations for $985 million

The consolidation of the television industry continued Monday with Baltimore-based Sinclair Broadcast Group striking a $985-million deal to acquire Allbritton Communications, owner of seven television stations. For Sinclair, this is the second major acquisition it has made in this year. In April, it bought Fisher Communications Inc., owner of 20 television stations, for $373 million. Allbritton's biggest assets are WJLA-TV, the ABC affiliate in Washington, D.C., and NewsChannel 8, an all-news cable station serving the nation's capital. For Sinclair, which owns scores of stations in medium and smaller markets, the Allbritton purchase gives it a presence in one of the biggest...