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.
Related: Gannett Ends Pursuit of Rival Newspaper Publisher Tronc
(Score: 1) by i286NiNJA on Tuesday May 09 2017, @08:12PM
I've been inside sinclair's offices they're more than just a holding company. They talked about developing content management systems and I walked by an open door that had a news desk studio inside. Who knows what else was going on but I saw lots of datacenters and operation centers behind glass.
I see how you get this impression but it's simply not true.