Sinclair Broadcast Group buys more TV stations

|About: Sinclair Broadcast Group,... (SBGI)|By:, SA News Editor

Sinclair Broadcast Group (SBGI +0.8%) will buy 8 TV stations for $985M.

The deal, which is slated to close in Q4, will include 7 ABC stations and NewsChannel 8 in Washington D.C.

Sinclair's acquisitions continue a strong trend of consolidation in the industry.