Sinclair, Nexstar could lead continued TV group consolidation

06/21/2013 | Reuters · Bloomberg Businessweek · TVNewsCheck (free registration)

Nexstar and Sinclair are among the TV station groups looking to expand their footprints. Nexstar has budgeted as much as $650 million for acquisitions through 2015, while Sinclair has raised $500 million toward buying more properties after spending nearly $2 billion over the past few years. The groups on the market include Local TV/FoxCo's 21 outlets, Allbritton, Grant Communications and Granite Broadcasting.

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