Friday, December 15, 2017

Sinclair reportedly told to sell a dozen stations for approval of Tribune deal

Sinclair Broadcast Group Inc.’s planned acquisition of Tribune Media Co. may be getting closer to gaining regulatory approval. The U.S. Department of Justice has signaled that it will approve the $3.9 deal on the condition that Hunt Valley-based Sinclair sell off 12 or 13 stations, according to a Wall Street Journal report. Through the acquisition of Chicago-based Tribune (NYSE: TRCO), Sinclair will add 42 stations in 33 markets, giving the broadcaster a total of 233 stations across 108 markets…



from https://www.bizjournals.com/baltimore/news/2017/12/15/sinclair-tribune-sale-justice-department.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/168574753642

No comments:

Post a Comment