Media Industry
Industry: Email Alert RSS FeedDavid Smith: striking it rich with Sinclair. (Sinclair Broadcast Group Inc. president)(Cover Story)(Interview)
Broadcasting & Cable, August, 1996 by Rathbun, Elizabeth A.
It seems that every broadcaster has a strong opinion of David Smith, the latest king of TV-station consolidation. Critics say his business techniques push the regulatory envelope (see story, "Top of the Week"). Friends counter that criticism of the blunt-speaking Smith is sour grapes over his success.
Besides owning more TV stations than any other broadcaster (29), Smith is using LMAs in a way that some say pushes the regulatory envelope (see story, "Top of the Week"). But Smith, president of Baltimore-based Sinclair Broadcast Group, doesn't care what others think. His recent acquisition of River City Broadcasting's 10 TV and 31 radio stations is just the beginning, he says.
Smith is consolidating not just because it's " a rather obvious thing to do."...
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