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takyon [soylentnews.org] writes:

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

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 [wikipedia.org]. The newspaper assets were spun off years ago into Tribune Publishing, aka Tronc [wikipedia.org].

Sinclair Broadcast Group [wikipedia.org].

Related: Gannett Ends Pursuit of Rival Newspaper Publisher Tronc [soylentnews.org]

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