Sinclair to Buy Tribune Media for $3.9 Billion Plus Debt 0

Sinclair Broadcast Group has agreed to buy Tribune Media in a cash and stock deal valued at $3.9 billion, the companies announced Monday. Sinclair will acquire Chicago-based Tribune Media’s 42 television stations and other assets, making the largest station owner in the country even bigger, pending approval from the Federal Communications Commission and federal antitrust regulators.…