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BALTIMORE - Sinclair Broadcast Group announced Tuesday that it has agreed to buy Richmond, Va. television station WTVR-TV, a CBS affiliate, for $85 million from Raycom Media.
Sinclair said it would also simultaneously sell the license assets of WRLH-TV, a Fox affiliate, also in Richmond, to Carma Broadcasting LLC. Sinclair said it would continue to provide sales and other non-programming services to WRLH.
The Hunt Valley-based broadcasting company said the transactions are subject to approval by the Federal Communications Commission and are expected to close late in the third quarter.
Following the sale, Sinclair said it will own and operate, program or provide sales services to 59 television stations in 35 markets. Sinclair stations reach about 22 percent of U.S. television households.
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