Sinclair Broadcast Group Has Deal To Buy Tribune Media's TV Stations
Sinclair's holdings are already vast and the deal, which needs federal approval, would give it stations in seven of the top 10 markets. It would further propel consolidation in the industry.
Sinclair Broadcast Group, based outside Baltimore, announced Monday it had struck a $3.9 billion deal to obtain dozens of local television stations by acquiring Tribune Media.
The move, seen as likely to win approval of federal regulators with only modest concessions, would further propel consolidation in the industry. It would also offer a greater reach for one of the nation's most conservative media companies.
Though little known in major media centers, Sinclair's holdings are vast. It owns or operates
