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May 9, 2017 | Via Washington Post

Sinclair Broadcast to Buy Tribune Media for $3.9 Billion, Giving it Control Over 215 Local TV Stations

Sinclair Broadcast Group said today it will pay $3.9 billion to buy Tribune Media Company and its 42 local TV stations, beating out 21st Century Fox to land the deal. Sinclair also will assume about $2.7 billion in Tribune Media debt, according to the companies. Tribune Media owns local TV stations across the country, including WGN in Chicago, WPIX in New York, KTLA in Los Angeles and WDCW in Washington.

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