The interest comes following an FCC rule change in April that would make Tribune’s acquisition easier.
April 30, 2017
‘A potential bidding war is emerging for Tribune Media Co., one of the nation’s largest owners of local television stations.
Sinclair Broadcast Group Inc., 21st Century Fox Inc. in partnership with private-equity firm Blackstone Group LP, and Nexstar Media Group Inc. are all circling Tribune, according to people familiar with the matter. The deadline for final bids is Thursday, these people said.’