Sinclair Reaches Agreements To Sell WHTM-TV, WTAT-TV

(RTTNews) - Sinclair Broadcast Group, Inc. (SBGI) said Monday that it has entered into an agreement to sell the assets of WHTM-TV in Harrisburg, PA to Media General.

The company also said that it has entered into an agreement to sell the non-license assets of WTAT-TV in Charleston, SC to Cunningham Communications, which owns the license assets.

The stations are being sold for a combined sale price of $97.4 million. The sales are part of Sinclair's larger acquisition of the Allbritton Communications television stations in order to comply with regulatory rules in an effort to obtain approval of the Allbritton deal by July 27.

Sinclair has no option on the stations and will not guarantee the debt of or provide sales services for those stations.

Sinclair anticipates it will be able to close on the Allbritton deal in the third quarter of 2014, pending customary approvals and a waiver from the FCC.