Private | |
Industry | Mass media |
Genre | Television broadcasting |
Fate | Acquired by Sinclair |
Successor | Sinclair Broadcast Group |
Founded | May 2003 |
Founder | Keith Bland Chris Cornelius Mary Flodin K. James Yager |
Defunct | November 25, 2013 |
Headquarters | Schaumburg, Illinois, USA |
Number of locations
|
Fifteen ranked television markets (U.S.) |
Key people
|
K. James Yager, CEO Warren Spector, CFO |
Services | Broadcasting |
Parent | Pilot Group |
Barrington Broadcasting Group, LLC, headquartered in Schaumburg, Illinois was an American corporation focused on broadcast television, primarily in middle and small size media markets. Barrington owned or operated via duopoly twenty-four television stations, with the potential to reach 3.4 percent of households in the U.S. It was owned by Pilot Group, a private equity firm.
Barrington Broadcasting was formed in May 2003 by a group of former Benedek Broadcasting executives. With Benedek having filed for bankruptcy and divested itself of all television properties in 2002, former President K. James Yager along with Senior Vice-Presidents Chris Cornelius, Keith Bland, and Mary Flodin pooled their talents to create a new company to focus solely on medium and small market broadcasting.
The company began operations in January 2004 with its purchases of former Benedek stations WHOI-TV (Peoria, Illinois) and KHQA-TV (Hannibal, Missouri/Quincy, Illinois) along with WEYI-TV in Vienna Township, Michigan. Barrington grew slowly at first, adding five more stations between 2004 and early 2006. A major expansion took place on August 11, 2006 when Raycom Media agreed to sell twelve of its network-affiliated TV stations to Barrington for $262 million. In recent years Barrington has been at the forefront of integrating social media and the internet into their on-air content.
In late 2012, it was announced that Pilot Group had put Barrington up for sale and that both Nexstar Broadcasting Group and Sinclair Broadcast Group were in final talks to acquire the full regiment of stations. On February 28, 2013, Barrington announced that it would sell its stations to Sinclair. The sale was granted FCC approval on November 18. The transaction was formally consummated on November 25.