Williams Purchases TV Stations
Veteran media producer and conservative commentator Armstrong Williams has entered the realm of media ownership with his company’s acquisition of two television stations, as part of a larger $370 million TV acquisition deal announced by Sinclair Broadcasting Thursday.
Howard Stirk Holdings, LLC, owned by Williams, stated Thursday that it has completed negotiations to acquire TV stations in Flint, Mich., and Myrtle Beach, S.C.
The Stirk Holdings acquisitions were announced simultaneous to Sinclair Broadcast Group’s purchase of Barrington Broadcasting Group.
Sinclair bought the broadcast assets of 18 television stations owned by Barrington for $370 million, and is entering into agreements to operate or provide sales services to another six stations.
The deal reinforces Sinclair’s position as the nation’s largest independent owner of broadcast TV stations. Currently, Sinclair owns and operates programs or provides sales services to 87 television stations in 47 markets, reaching about 27 percent of U.S. television households.
Williams has worked with Sinclair for years.
“I always wanted to go from producing content to ownership,” Williams told Newsmax.
“This is such a reflective day for me because I understand that there is a lack of what would be considered to be minority ownership in America. I cannot ignore the history of Americans who happen to be black in this country."