Sinclair Buys Tribune for $3.9 Billion in ‘Transformative’ Deal

Baltimore Sun: Sinclair Broadcast Group has acquired Tribune Media for about $3.9 billion after prevailing in an auction for one of the largest U.S. television station operators. The deal gives Sinclair ownership or control of TV stations in 72 percent of the U.S. “It’s transformative for the company and will create a leading media platform.”