Sinclair invests in CEO's auto dealer firm


BALTIMORE, Dec 24 (Reuters) - Television broadcaster Sinclair Broadcast Group Inc. said on Tuesday it would invest $20 million in an auto dealership holding company controlled by Sinclair Chief Executive David Smith. Sinclair said the move to buy a 17.5 percent equity stake in closely held Summa Holdings Ltd. was scrutinized by a special board committee and outside legal counsel. As part of the arrangement, Summa will buy a base level of advertising on Sinclair's television stations. ...

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