Sinclair buying 18 Barrington Broadcasting stations for $370 million
Former ComCorp CEO Pruett named COO of Sinclair's new Chesapeake TV subsidiary, which will run Sinclair's small-market stations Following up on Monday's announcement of the creation of its Chesapeake TV subsidiary to buy and manage small-market television stations , Sinclair Broadcast Group announced a major purchase Thursday afternoon to beef up Chesapeake's portfolio: The company is buying 18 stations from Barrington Broadcasting. The purchase price, reports Sinclair, is $370 million. Sinclair also announced that former Communications Corporation of America (ComCorp) CEO Steve Pruett will become Chesapeake's COO. " We are pleased to announce that Steve Pruett will be joining our senior management team as Chief Operating Officer of Chesapeake TV," the company said in a statement. "Steve brings many years of media experience, most recently as Chief Executive Officer of Communications Corporation of America's 25 television s