Sinclair spins out of Lansing


$14.35M WLAJ-TV Lansing MI from WLAJ Licensee LLC, a subsidiary of Sinclair Broadcast Group (David Smith) to WLAJ-TV LLC, a subsidiary of Shield Media Lansing LLC (Sheldon H. Galloway). $1.435M escrow, balance in cash at closing. Shield will enter into JSA/SSA with Young Broadcasting and its WLNS-TV. WLNS is a CBS affiliate, WLAJ is an ABC and CW affiliate. [FCC file date 10/12/12]