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posted by martyb on Tuesday May 09 2017, @11:19AM   Printer-friendly
from the teaming-up dept.

http://www.reuters.com/article/us-tribune-media-m-a-sinclair-idUSKBN1841HR

U.S. broadcaster Sinclair Broadcast Group Inc said on Monday it would buy Tribune Media Co, one of the largest U.S. television station operators, for about $3.9 billion cash and stock, and assume about $2.7 billion in debt.

[...] The announcement of the deal comes weeks after the U.S. Federal Communications Commission voted to reverse a 2016 decision that limits broadcasters owning stations serving no more than 39 percent of U.S. television households.

A combined Tribune and Sinclair could surpass this cap and face some regulatory challenges which could result in divestitures, analysts said.

Tribune Media. The newspaper assets were spun off years ago into Tribune Publishing, aka Tronc.

Sinclair Broadcast Group.

Related: Gannett Ends Pursuit of Rival Newspaper Publisher Tronc


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  • (Score: 2) by butthurt on Tuesday May 09 2017, @11:50AM (4 children)

    by butthurt (6141) on Tuesday May 09 2017, @11:50AM (#506835) Journal

    The ultra-liberal FAIR [fair.org] says that the deal "would’ve been in violation of ownership restrictions just weeks ago."

    A plan by the Blackstone Group and 21st Century Fox to jointly take over Tribune Media had been rumoured.

    /article.pl?sid=17/05/02/166202 [soylentnews.org]

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2  
  • (Score: 0) by Anonymous Coward on Tuesday May 09 2017, @10:52PM (3 children)

    by Anonymous Coward on Tuesday May 09 2017, @10:52PM (#507174)

    Sorry if this isn't directly related to your comment, but I thought it deserved to be up in the (meta)thread.

    Actually, this is the kind of stuff that I think deserves to be noted in the summary.
    (I have avoided Reuters as a primary source since they started[1] this nonsense about a month ago and will only link to them when an article's author has already included that link.)

    [1] This kind of big change is typically the result of a site getting a new web guy and his need to put "his brand" on the site.
    It almost never is an improvement and is invariably an unnecessary backwards movement.

    -- OriginalOwner_ [soylentnews.org]

    • (Score: 2) by butthurt on Tuesday May 09 2017, @11:19PM (2 children)

      by butthurt (6141) on Tuesday May 09 2017, @11:19PM (#507183) Journal

      > Sorry if this isn't directly related to your comment [...]

      "Reply to Article" would have been better.

      > I have avoided Reuters as a primary source since they started this nonsense about a month ago [...]

      I don't know what you're experiencing. I have Javascript disabled and the Reuters article linked from this topic is perfectly readable for me; other Reuters pages have also been readable for me. I suggest you try disabling CSS in your browser. If that doesn't work, you could try the Lynx browser, which does not support Javascript. I just confirmed that the article displays properly in Lynx.

      • (Score: 0) by Anonymous Coward on Tuesday May 09 2017, @11:58PM (1 child)

        by Anonymous Coward on Tuesday May 09 2017, @11:58PM (#507198)

        "Reply to Article" would have been better

        Already covered with deserved to be up in the (meta)thread.

        try disabling CSS

        Way ahead of you (permanently, with few exceptions).

        perfectly readable for me

        Hmmm.
        Maybe its because your browser made a better guess at what their coder produced.
        My browser was looking for HTML and not gibberish. [w3.org]

        80. Fatal Error: Cannot recover after last error. Any further errors will be ignored.

        -- OriginalOwner_ [soylentnews.org]

        • (Score: 1) by butthurt on Wednesday May 10 2017, @12:24AM

          by butthurt (6141) on Wednesday May 10 2017, @12:24AM (#507208) Journal

          Since you have CSS disabled by default, perhaps enabling them would be worth a try.