Media General, Inc. announced today that it has reached an agreement to purchase WHTM-TV from Sinclair Broadcast Group, Inc. for $83.4 million.
Sinclair previously announced that it would seek to sell WHTM with its pending acquisition of Allbritton Communications.
"WHTM-TV is a marquee station in an attractive, capital-city market. It has a demonstrated, winning commitment to high-quality local news and programming and to its community. It fits perfectly with our company," George L. Mahoney, president and CEO of Media General said in a news release. "We look forward to welcoming WHTM to Media General and to building further on its many accomplishments."
The transaction is subject to the closing of the Sinclair-Allbritton transaction, to typical regulatory clearances, and to customary closing conditions for a transaction of this nature.
Media General owns or operates 31 network-affiliated broadcast television stations in 28 markets.