Former Sinclair VP Wins FCC Approval to Buy 5 of Company's Stations

Former Sinclair VP wins FCC approval to buy 5 of company's stations

A former executive at a Sinclair Inc. subsidiary owns the company that is set to acquire Sinclair television stations in three states.

FCC Approves Sinclair’s Sale of Stations in Four Midwestern Markets

The FCC has approved Sinclair Broadcast Group’s plan to sell TV stations in four Midwestern markets to Rincon Broadcasting Group, rejecting a petition to deny filed by Frequency Forward. As previously reported, the deal calls for Rincon, headed by Todd Parkin, to buy five full-power licenses from Sinclair for $29.4 million. They include: Milwaukee: WVTV (CW 18.1) Kirksville-Ottumwa: KTVO (ABC 3.1, CBS 3.2) Hannibal-Quincy: KHQA (CBS 7.1, ABC 7.…

Media Bureau Grants Rincon/Sinclair Deal, Doesn't Sanction Belendiuk

The Media Bureau has approved Sinclair's sale of five stations to Rincon Broadcasting and waived a limit on common ownership of top-four stations in the same market, said an order Tuesday. The bureau also rejected a petition to deny the...

Todd Parkin Cleared to Close Rincon’s Sinclair Station Deal | Radio & Television Business Report

In early March, a former Bally Sports sales executive who between 2009 and 2013 served as CEO of television broadcast station owner PBC Broadcasting, agreed to a deal returning him to the ownership ranks. However, that transaction was challenged — not because of him, but because of the company that agreed to sell a group of properties to his Rincon Broadcasting. Now, Todd Parkin has been given the FCC’s OK to complete the deal, after it rejected…

FCC Approves Sale of Sinclair Stations to Rincon

It also granted another waiver to its rules prohibiting ownership of more than one top four stations and denied a petition by Frequency Forward to block the deal