Sinclair Broadcast Group to Purchase Assets of Dielectric
Jun 18, 2013 10:22 AM
Baltimore - Jun 18, 2013 - Sinclair Broadcast Group has entered into a definitive agreement to purchase the assets of Dielectric from SPX Corporation. SPX announced it was closing Dielectric, manufacturer of broadcast television, radio and wireless antennas, transmission lines, and RF systems, in April 2013.
Commenting on the transaction, David Smith, President and CEO of Sinclair stated, "Dielectric has supplied more than two-thirds of the TV industry's high-power antennas, and its name is synonymous with expert engineering and quality products. We feel fortunate to have this opportunity to acquire the Dielectric intellectual property and assets related to our most critical infrastructure. This acquisition was a logical choice given our in-house RF engineering expertise and our ownership of Acrodyne Services, which installs and services broadcast transmitters and mobile DTV upgrades. Further, if and when a spectrum repack occurs, Dielectric will be there to support that effort."
Dielectric will be operated as a wholly owned subsidiary of Sinclair (Dielectric, LLC) with a management and operational team comprised of capable, experienced individuals drawn from the Dielectric staff. Dielectric will maintain operations at its present facility in Raymond, ME.
One reason given is the "extremely difficult global economic conditions in the broadcast marketplace."...
The deadline to submit speaking proposals is Oct. 18, 2013....