Sinclair and Allbritton Receive Second Request For Info on Acquisition
Inquiry focused on Harrisburg, Pa., and Charleston, N.C.
October 7, 2013
and ARLINGTON, VA. — Sinclair Broadcast Group and the
parent company of Allbritton Communications
Co., Perpetual Corp., announced that they
received a request for additional information from the U.S. Department
of Justice, also referred to as a “Second Request,” in
connection only with Sinclair’s proposed acquisition of Allbritton’s
Harrisburg, Pa., station and its affiliate
in Charleston, S.C.
Although a Second Request is a standard part of the DOJ review
process, it can extend the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended, to receive DOJ approval
on the proposed transactions. Sinclair and Allbritton intend to
promptly to the Second Request. Although there can be no assurances,
the parties expect the transaction to close in the first or second
quarter of 2014. In addition to antitrust clearance, the transaction is
subject to Federal Communications Commission approval.
On a pro forma basis assuming consummation of all previously
announced acquisitions, Sinclair will own and operate, program or provide sales
services to 162
television stations in 77 markets. Sinclair’s television group will
reach approximately 38.7 percent of U.S. TV households, or 24.3 percent for
purposes of the 39 percent FCC ownership
cap with the UHF discount.
Sinclair’s television portfolio will include 38 Fox, 29 ABC,
26 CBS, 25 CW, 22 MNT, 15 NBC, 5 Univision, one Azteca and
one independent station;. Sinclair also owns equity interests in various
non-broadcast related companies.