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takyon writes:

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

Original Submission

1. "takyon" - https://soylentnews.org/~takyon/
2. "Tribune Media" - https://en.wikipedia.org/wiki/Tribune_Media
3. "Tronc" - https://en.wikipedia.org/wiki/Tronc
4. "Sinclair Broadcast Group" - https://en.wikipedia.org/wiki/Sinclair_Broadcast_Group
5. "Gannett Ends Pursuit of Rival Newspaper Publisher Tronc" - https://soylentnews.org/article.pl?sid=16/11/02/028204
6. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=20076

printed from SoylentNews, Sinclair Broadcast Group to Buy Indebted Tribune Media for $3.9 Billion on 2023-06-21 13:47:18