Saturday, Jul 23, 2016
One of America's Great Newspapers ~ Toledo, Ohio

TV-Radio

Firm buying WNWO seeks to refinance debt

The company that plans to buy Toledo’s WNWO-TV, Channel 24, said Monday it is seeking $1 billion in loans to refinance debt.

Maryland-based Sinclair Broadcast Group Inc. announced Feb. 28 that it would buy WNWO and 17 other television stations from Barrington Broadcasting Corp. as part of a $370 million deal.

The deal is expected to close in the second quarter of 2013, subject to Federal Communications Commission approval.

Sinclair had $2.27 billion of debt as of Dec. 31, it said in a March 12 regulatory filing.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…