Sinclair spins to Cunningham, HSH


$12M WWCP-TV Johnstown PA from Peak Media of Pennsylvania Licensee LLC (Elliott B. Evers) to Johnstown (WWCP-TV) Licensee Inc., a subsidiary of Cunningham Broadcasting Corporation (Michael Anderson et al). $1.2M escrow, balance in cash at closing. Cunningham is stepping in as buyer for Chesapeake Television Inc., a subsidiary of Sinclair Broadcast Group Inc. (David Smith). Cunningham will be acquiring the FCC licenses only for 42.4M. Sinclair has option to buy back for the same price. Includes SSA/JSA with Sinclair’s WJAC-TV. [FCC file date 8/12/13]

$2.29M WMMP-TV Charleston SC from Sinclair Broadcast Group Inc. (David Smith) to Howard Stirk Holdings LLC. (Armstrong Williams). Cash. Buyer acquiring licenses and other designated assets. Seller has purchase option at same price. Includes SSA/JSA for both stations. [FCC file date 8/12/13]