Sinclair buys TV as Sook forsakes Port Arthur


$14M KBTV-TV Beamont-Port Arthur TX (Port Arthur TX) from Nexstar Broadcasting Inc. (Perry A. Sook) to Deerfield Media (Port Arthur) Licensee LLC (Stephen P. Mumblow). $1.4M escrow, balance in cash at closing. Original contract calls for Nexstar to sell to San Antonio Television LLC, a subsidiary of Sinclair Broadcast Group, which has assigned the right to by certain assets to Deerfield for $1.5M. Deerfield will enter into JSA/SSA with Sinclair and its KFDM-TV Beaumont TX. Sinclair has option to acquire station from Deerfield for $1.5M. [FCC file date 8/23/12]