Local ABC television station WCIV to be sold
Allbritton Communications Co. is selling the Charleston region’s ABC television affiliate in a multi-million dollar deal with Baltimore-based Sinclair Broadcast Group, officials said today.
Sinclair has agreed to pay $985 million for WCIV-TV in Mount Pleasant, in addition to eight other ABC stations in Washington, D.C., Alabama, Arkansas, Oklahoma, Pennsylvania and Virginia, according to the company’s website.
Sinclair officials added that to comply with Federal Communications Commission local television ownership rules, it expects to sell the license and certain related assets of WWMP-TV 36 in Mount Pleasant, in addition to stations in Birmingham, Ala., and Harrisburg, Pa.
The purchase is expected to be completed at the end of the year, officials said.
The sale of WCIV comes just months after the death of 87-year-old Allbritton Communications founder Joe Allbritton, who was labeled as an influential powerbroker in the nation’s capital through his media conglomerate and a financial empire.
Allbritton bought WCIV in January 1976.
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Editor’s note: Previous versions of this story contained an error.