Bonten Media Group Acquired by Sinclair

Bonten Media Group was acquired by Sinclair Broadcast Group in 2017.

Sinclair Broadcast Group, a leading television station operator, made this acquisition to expand its presence in the television broadcasting industry.

The acquisition included 23 television stations across the United States.

This move marked a significant expansion for Sinclair Broadcast Group.

For another approach, see: Sinclair Broadcast Group

Bonten Media Group was a New York City-based company that owned television broadcast stations in the United States. It was formed by Randall D. Bongarten and Diamond Castle Holdings in November 2006.

The company's first acquisition was 14 stations from Bluestone Television in May 2007. This marked the beginning of Bonten's expansion into the television broadcasting industry.

Bonten Media Group was a private limited liability company, which means it was owned by its members and not publicly traded. Its industry was broadcast television, and it was headquartered in the Empire State Building in New York City.

Bonten's parent company was Diamond Castle Holdings, which played a significant role in the company's formation and growth. The company was later acquired by Sinclair Broadcast Group in 2017.

Additional reading: TVX Broadcast Group

Here's a brief timeline of Bonten Media Group's key events:

Sinclair Broadcast Group acquired Bonten Media Group's TV stations for $240 million.

The acquisition adds 14 TV stations in eight markets to Sinclair's already large broadcast television footprint.

Sinclair now owns 14 TV stations in eight markets, which reach approximately 1% of U.S. TV households.

The acquired stations are located in markets such as Tri-Cities, TN-VA, Greenville-New Bern-Washington, NC, and Chico-Reading, CA.

Here is a list of the acquired stations:

Sinclair's acquisition of Bonten Media Group is expected to be accretive to the company's free cash flow on an annualized basis, with an estimated $25 million average accretion.