Sinclair Broadcast Group said Tuesday it will sell 23 television stations, including KPLR, the CW affiliate in St. Louis, to win regulatory approval of its $3.9 billion acquisition of Tribune Media Co.
Des Moines-based Meredith Co., which already owns KMOV, the CBS affiliate in St. Louis, will buy KPLR for $65 million.
As part of its Tribune purchase, Maryland-based Sinclair, the country’s largest broadcaster, will acquire KTVI, the Fox affiliate in St. Louis. It already owns KDNL, the market’s ABC affiliate.
Meredith’s $65 million deal will be funded with cash and is expected to close at the same time as the Sinclair-Tribune deal.