Standard to Buy Citadel ABC Affiliates; More Deals May Follow
Standard Media agreed to buy ABC affiliates WLNE-TV New Bedford, Massachusetts, and KLKN Lincoln, Nebraska, from Citadel Communications, said a joint news release from the companies Thursday. “We look at this acquisition as the first of many as we work…
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to create a new competitive player in the consolidating broadcast TV industry,” said Standard CEO Deb McDermott. The deal is expected to close in Q4. Standard was originally created to purchase divestitures from Sinclair/Tribune, but remained in business after that deal collapsed.