Sinclair Broadcast Group is seeing FCC approval to purchase TV stations in Cedar Rapids and Omaha that it has already operated for decades.
In separate asset purchase agreements filed with the FCC on May 8 and May 9, Sinclair would buy KFXA/28.1 (Cedar Rapids) from Second Generation of Iowa for $1.9 million and KXVO/15.1 (Omaha) from Mitts Telecasting for $650,000. (The KFXA agreement was reached in 2008, at which time Sinclair purchased KFXA’s non-license assets for $17.1 million.)
Sinclair also owns KGAN/2.1 (Cedar Rapids) and KPTM/42.1 (Omaha). The filings explain that the transaction complies with ownership rules because neither KFXA nor KXVO ranks in the top four…