[opendtv] News: Viacom To Acquire Sinclair's KOVR

  • From: Craig Birkmaier <craig@xxxxxxxxx>
  • To: OpenDTV Mail List <opendtv@xxxxxxxxxxxxx>
  • Date: Fri, 3 Dec 2004 08:22:22 -0500


Viacom To Acquire Sinclair's KOVR

  -- Broadcasting & Cable, 12/3/2004 12:30:00 AM

Viacom plans to buy KOVR Sacramento, Calif., from Sinclair Broadcast 
Group for $285 million in cash, the two companies announced today.

The deal allows Viacom to bring one more affiliate of its CBS 
broadcast network into its stable of O&Os.

If approved by the FCC and the Justice Department, the deal also 
would create the company's ninth duopoly.

Viacom already owns UPN affiliate KMAX Sacramento, a UHF 
station.Viacom officials say there should be no problem winning 
regulators' approval, but an industry analyst said gaining government 
OK is no sure thing.

Because Viacom is already brushing up against the FCC's national 
ownership limit, the company might be forced to sell a station in 
some other market.
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