Sinclair to Buy Dielectric as 'Insurance'

摘要

Sinclair agreed to buy the assets of Dielectric, the largest U.S. antenna manufacturer, as “insurance”nthat the broadcaster's TV stations can continue operating, said Sinclair Vice President-Advanced TechnologynMark Aitken in an interview Tuesday. Dielectric parent company SPX announced the shuttering of thenantenna manufacturer in April (CD May 7 p4). Aitken said his company paid an “immaterial and leveragenneutral price” of “less than $5 million” for Dielectric, which will continue operations as a wholly ownednsubsidiary of Sinclair, and remain in its Raymond, Maine, headquarters. Though Dielectric had stopped takingnnew orders, Aitken said the company had been scheduled to continue operating into July before the sale.nAitken said over 120 of Sinclair’s 140 stations use Dielectric antennas.