Sinclair Broadcast to buy Tribune Media for $3.9 billion

Sinclair Broadcast Group Inc. has agreed to acquire Tribune Media Co. for approximately $3.9 billion after prevailing in an auction for one of the largest U.S. television station operators. The deal, which gives Sinclair ownership or control of TV stations in 72 percent of the U.S., is worth $43.50…
Source: Morningcall