Sinclair Broadcast to buy Tribune Media for $3.9 billion

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Sinclair Broadcast Group Inc. has acquired Tribune Media Co. for approximately $3.9 billion after prevailing in an auction for one of the largest U.S. television station operators.

In a release Monday morning, Sinclair CEO Chris Ripley called it “a transformational acquisition for Sinclair that…

fromhttp://www.baltimoresun.com/business/bs-md-sinclair-tribune-deal-20170508-story.html

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