Wednesday, July 18, 2018

Sinclair proposes buying WGN in latest move to win FCC approval of Tribune deal

Sinclair Broadcast Group Inc. wants to buy Chicago’s WGN-TV outright as part of its latest effort to win the Federal Communications Commission’s approval for its proposed acquisition of Tribune Media Co. In addition to buying WGN, Sinclair said Wednesday it also plans to put stations in Dallas and Houston into a divestiture trust to be operated by an independent third-party trustee. Hunt Valley-based Sinclair has been trying to get its $3.9 billion acquisition of Tribune approved for more than a…



from https://www.bizjournals.com/baltimore/news/2018/07/18/sinclair-proposes-buying-wgn-in-latest-move-to-win.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/176023798787

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