Sinclair announces deal to buy Tribune for $3.9B

May 8, 2017

Sinclair Broadcast Group announced on Monday that it had reached an agreement to purchase the Tribune Media Company for $3.9 billion.

The deal, which was first reported by Reuters ahead of the announcement, comes just weeks after the Trump administration’s Federal Communications Commission eased restrictions on media ownership limits.

Read more at: http://thehill.com/policy/technology/332347-sinclair-announces-deal-to-buy-tribune


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