Heritage deal sends Sinclair stock rising

NEW YORK — Sinclair Broadcast Group stock Thursday soared $5 to $34.75 on news that the broadcaster will buy Heritage Media Group’s TV and radio station group for $630 million in cash.

The deal is prompted by News Corp.’s acquisition of Heritage for $1.4 billion. News Corp. said when it announced the purchase in March that it would sell Heritage’s broadcasting properties before closing.

News stock rose 12¢ to $18.43 Thursday while Heritage closed unchanged at $18.93.

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