Sinclair to Move WWMT-TV and WXMI-TV to Trust
The proposed combination of Sinclair Broadcast Group and Tribune Media has taken another step. On February 21, applications were filed with the FCC indicating the divestiture of up to 23 broadcast television properties by Sinclair.
In Michigan, applications for the divestiture were filed for both WWMT-TV (Kalamazoo) and WXMI-TV (Grand Rapids). WWMT has been owned by Sinclair since 2012. WXMI-TV is currently owned by Tribune.
According to an article in Broadcasting & Cable, Sinclair also plans to divest of Tribune’s WGN-TV, Chicago, WPIX-TV New York and KSWB-TV San Diego to come under the FCC’s 39% ownership cap.
However, Variety reports that Sinclair intends to remain close to the stations through a shared services agreement.
The stations have been designated for placement in what will be called the Sinclair Divestiture Trust, and the trustee is RAFAMEDIA LLC, led by veteran media broker Richard A. Foreman.