Sinclair buys Tribune for $3.9B, creating TV Goliath

TRIBUNE MEDIA, based in Chicago in the Chicago Tribune's Tribune Tower, has agreed to be purchased by Maryland-based Sinclair Broadcasting (parent of WJAR-TV NBC 10) for $3.9 billion. / BLOOMBERG NEWS PHOTO/CHRISTOPHER DILTS
NEW YORK - Sinclair Broadcast Group Inc. is buying Tribune Media Co. for about $3.9 billion, a deal made possible after the U.S. Federal Communications Commission voted last month to ease a limit on TV-station ownership in the United States. Sinclair will pay $43.50 a share to gain Tribune TV stations in big media markets…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

No posts to display