Sinclair-Tribune Deal Provides Muscle to Take On Fox News

Reuters Breakingviews: Sinclair’s $3.9 billion deal for Tribune Media is putting Fox in a hole. The U.S. broadcaster is paying a 26 percent premium for its rival after the Trump administration relaxed a wave of regulations. Tribune gives Sinclair more heft to mount a challenge to Rupert Murdoch’s Fox News. But it’s going to cost the buyer more than just the headline price tag.