Variety – Sinclair Sets $3.9 Billion Deal to Acquire Tribune Media

PCV notes that although the FCC relaxed ownership rules earlier this year, Sinclair will likely have to divest from some local stations to stay within the national audience cap.

May 8, 2017

‘Sinclair Broadcast Group has set a $3.9 billion cash-and-stock agreement to acquire Tribune Media, a deal that will bring more than 200 TV stations under one roof and vault Sinclair into the big leagues of national TV.’

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