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Its founding television station property was WBFF (channel 45) in Baltimore, Maryland, which signed on the air on April 11 of that year.A subsidiary of Chesapeake Television Corporation, the Commercial Radio Institute, later founded WPTT (channel 22, now WPNT) in Pittsburgh, in 1978; and WTTE (channel 28) in Columbus, Ohio, in 1984.Sinclair also owns four digital multicast networks (Comet, Charge!, Stadium, and TBD) and one cable network (Tennis Channel), and owns or operates four radio stations (all based in the Pacific Northwest region).However, the company's seemingly recovered its financial fortunes enough, as it would begin a major string of acquisitions involving television stations and other properties two years later.On September 8, 2011, Sinclair entered into an agreement to purchase all of the assets of Four Points Media Group from Cerberus Capital Management for 0 million.Smith currently heading the company as Executive Chairman.Sinclair has faced scrutiny from media critics, as well as some of its station employees, for the conservative slant of their stations' local news reporting and other programming decisions, and how the company's rapid growth has aided its dissemination of content that appeal to these views.
On November 26, 2012, Sinclair exercised its option on WUTB through its recently formed LMA partner Deerfield Media (the transfer was formally consummated on June 1, 2013).
Concurrently, Sinclair announced that it would also acquire Tampa station WTTA outright from Bay Television (which Sinclair operated under a LMA), for million.
Sinclair also sold two stations, WSTR-TV and KMYS, to Deerfield Media, a company owned by Stephen P.
Sinclair has also faced criticism over business practices that circumvent concentration of media ownership rules, particularly the use of local marketing agreements and similar arrangements to take over stations on behalf of preferred third-parties.
The company, founded by Julian Sinclair Smith, originated in 1971 as the Chesapeake Television Corporation.
Among other non-broadcast properties, Sinclair also owns the professional wrestling promotion Ring of Honor.