<P> On September 8, 2011, Sinclair entered into an agreement to purchase all of the assets of Four Points Media Group from Cerberus Capital Management for $200 million . The Federal Trade Commission (FTC) gave its antitrust approval of the deal in late September; as a result, that October 1, Sinclair took over the management of the stations from the Nexstar Broadcasting Group through time brokerage agreements Cerberus would then pay Nexstar a portion of Sinclair's purchase price--$6.7 million--to terminate the outsourcing agreement, which was set to expire in March 2012, five months early . Sinclair would also supply working capital to the stations in consideration of service fees and performance incentives through the LMAs . The group deal was officially completed on January 1, 2012 after the FCC approved it on December 21, 2011 . On November 2, 2011, it was announced that Sinclair would purchase all eight television stations owned by Freedom Communications in a move for Freedom to eliminate its debt . Sinclair took over the operations of the Freedom stations on December 1, 2011 through time brokerage agreements . The deal was granted approval by the FCC on March 13, 2012 and was consummated on April 1 . </P> <P> At the same time, it was also reported that Sinclair had made an offer to purchase Columbus, Ohio CW affiliate WWHO from LIN TV, making it a sister station to WSYX and managed Fox affiliate WTTE . The station was subsequently sold to Manhan Media, who entered into a shared services agreement with Sinclair . On May 15, 2012, Sinclair renewed its affiliation agreement for its 19 Fox affiliates for five years through 2017 . The agreement included the option for Sinclair to purchase Baltimore MyNetworkTV affiliate WUTB from Fox Television Stations at any point between July 1, 2012 and March 31, 2013 . If exercised, this would create a virtual triopoly with flagship station WBFF and CW affiliate WNUV, which Sinclair manages under a local marketing agreement with Cunningham Broadcasting; it also gave Fox Television Stations the option to buy any combination of six Sinclair - owned CW and MyNetworkTV affiliates in three of four markets: Raleigh, North Carolina (WLFL and WRDC), Las Vegas, Nevada (KVCW and KVMY), Cincinnati, Ohio (WSTR - TV) and Norfolk, Virginia (WTVZ). Of these stations, WLFL and WTVZ are both former Fox charter affiliates, having disaffiliated with the network in 1998 to become affiliates of The WB . On July 19, 2012, Sinclair announced it would acquire six stations from Newport Television, including WKRC - TV in Cincinnati, WOAI - TV in San Antonio, WHP - TV (along with its LMA for WLYH - TV) in Harrisburg, Pennsylvania, WPMI - TV and WJTC in Mobile, Alabama and KSAS - TV (along with its LMA for KMTW) in Wichita, Kansas for $412.5 million . Concurrently, Sinclair announced that it would also acquire Tampa station WTTA outright from Bay Television (which Sinclair operated under a LMA), for $40 million . Sinclair also sold two stations, WSTR - TV and KMYS, to Deerfield Media, a company owned by Stephen P. Mumblow (the owner of Manhan Media), in order to satisfy the FCC's restrictions on duopolies . Sinclair continues to operate these two stations under shared services agreements . Sinclair also gave Deerfield Media the option to purchase WJTC and WPMI at some future date . </P> <P> On November 26, 2012, Sinclair exercised its option on WUTB through its recently formed LMA partner Deerfield Media (the transfer was formally consummated on June 1, 2013). In January 2013, Fox announced that it would not exercise its option from the 2012 renewal deal to buy any of the Sinclair stations in the four markets . Therefore, Sinclair is required to pay Fox $25 million . Deerfield Media also acquired Beaumont, Texas Fox affiliate KBTV - TV from Nexstar . Following the acquisition, Sinclair - owned KFDM took over its operations under a shared services agreement . The deal was granted approval by the FCC for both Sinclair and Deerfield Media with their respective stations on November 19, 2012 . The sale was consummated on December 3; on that day, Sinclair also acquired the non-FCC assets of ABC affiliate WHAM - TV in Rochester, New York from Newport, with the license and other FCC assets being transferred to Deerfield Media . On February 25, 2013, Cox Media Group announced that it would sell its four smallest (by market size) television stations--KFOX - TV in El Paso, Texas, WJAC - TV in Johnstown, Pennsylvania, KRXI - TV in Reno, Nevada and WTOV - TV in Steubenville, Ohio--to Sinclair . Cox sold these stations as part of a refocus on larger markets . Concurrently, Deerfield Media acquired the license assets of KAME - TV in Reno, which has long been operated by KRXI, from Ellis Communications . WJAC - TV and WTOV - TV have overlapping coverage with Sinclair's existing stations in Pittsburgh, WPGH - TV and WPNT (then known as WPMY). </P> <P> Three days later, on February 28, 2013, Sinclair announced the purchase of Barrington Broadcasting's 18 stations; six other stations operated by Barrington also came under the management of Sinclair . Sinclair operates the former Cox and Barrington stations through a subsidiary, Chesapeake Television, which focuses on smaller markets; this unit has separate management from Sinclair's main group, which operates the company's larger - market properties . As part of the Barrington acquisition, Chesapeake Television inherited Barrington's headquarters in Schaumburg, Illinois . Concurrently with the Barrington acquisition, Sinclair originally planned to transfer WYZZ - TV in Peoria--Bloomington, Illinois and WSYT (and its LMA of WNYS - TV) in Syracuse, New York to Cunningham Broadcasting, because of FCC ownership restrictions, as Barrington already owned stations in these markets . However, in an updated filing with the FCC on August 9, it was revealed that WSYT would instead be sold to Bristlecone Broadcasting, LLC; a company owned by Brian Brady, owner of Stainless Broadcasting Company . Sinclair would continue to operate WSYT and WNYS through a transitional service agreement for six months, following consummation of the deal . The deal with Sinclair acquiring the four smaller - market Cox stations was granted approval by the FCC on April 29, 2013, with Deerfield Media's acquisition of KAME - TV following suit the next day . The Sinclair and Deerfield acquisitions of their respective Cox - controlled stations were consummated on May 1 . The Barrington acquisition had to wait until November 18 to be granted FCC approval, with formal consummation taking place on November 25 . On April 11, 2013, Sinclair announced that it would merge with Fisher Communications, which owned 20 television stations in the western United States, as well as three Seattle radio stations . Sinclair reportedly beat out LIN Media in the bidding war for Fisher . As a result of the deal, Sinclair took over the operations of an additional former Newport Television station, KMTR in Eugene, Oregon (which Fisher, owner of KVAL - TV in Eugene, had reached a deal to operate under a shared services agreement), and return to radio ownership for the first time since selling its previous radio group to Entercom and Emmis Communications in 1999 and 2000 . The deal was initially met with financial scrutiny; the law firm Levi & Korsinsky notified Fisher shareholders with accusations that Fisher's board of directors were breaching fiduciary duties by "failing to adequately shop the Company before agreeing to enter into the transaction," and Sinclair was underpaying for Fisher's stock . Shortly after the announcement, a lawsuit was filed by a Fisher shareholder; the suit was settled in July 2013, with Fisher's shareholders approving the merger on August 6 . On August 7, the FCC granted its approval of the deal, which was completed the next day . </P>

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