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Sinclair Broadcasting Group Buys Tribune Media for $3.9 Billion

May 9, 2017

Via: Time
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Sinclair Broadcast Group, already the nation’s largest local TV station operator, wants to be even bigger.

The company announced Monday that it will pay about $3.9 billion for Tribune Media and its 42 stations, which includes KTLA in Los Angeles, WGN in Chicago and WPIX in New York. Chicago-based Tribune also owns stakes in the Food Network and job-search website CareerBuilder.

Sinclair has 173 stations, including KENV in Salt Lake City, KOMO in Seattle and WKRC in Cincinnati. The Tribune deal, plus other pending acquisitions, will give it a total of 233 stations, putting distance between it and rival Nexstar Media Group, which has 170.

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