Recently, it was announced that Media General, a television and magazine company, is selling its business to Meredith for an estimated $3 billion. Maryland readers may already be aware that this sale pushes the dollar amount of mergers and acquisitions to a record high. The last time this many companies and individuals were selling a business on this scale was in 1999.
Sinclair Broadcast Group Inc., which is based here in Maryland, is one of the country's largest television broadcasting companies. Recently, Sinclair became embroiled in a business dispute with Dish Network Corp., a satellite television provider. For one day, customers in several states covering 79 markets, which includes nearly 129 local affiliates (a combination of CBS, NBC, ABC, Fox and CW) were without their local stations, which affected approximately five million Dish customers.