Sunday, May 7, 2017

Sinclair is close to buying Tribune, beating out Fox

Sinclair Broadcast Group, the nation’s largest television station operator, is close to buying Tribune Media Co., Bloomberg reported Sunday. If the deal goes through, Sinclair would have beaten 21st Century Fox, Nexstar Media Group Inc., and Blackstone Group, who also were bidding for the Chicago-based broadcasting company. We reported last week that Fox (NASDAQ: FOX) and Blackstone were considering putting together a deal to buy Tribune (NYSE: TRCO), which was formed when its parent company…



from http://www.bizjournals.com/baltimore/news/2017/05/07/sinclair-close-to-buying-tribune.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/160416463932

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