Posted on 05/08/2017 8:15:29 AM PDT by amnestynone
Sinclair Broadcast Group Inc. is buying Tribune Media Co. for about $3.9 billion, a deal made possible after the U.S. Federal Communications Commission voted last month to ease a limit on TV-station ownership in the U.S.
Sinclair will pay $43.50 a share to gain Tribune TV stations in big media markets like New York, Chicago and Miami, strengthening its hand in negotiations with pay-TV distributors and major broadcast networks like 21st Century Fox Inc.
The marriage of Sinclair and Tribune, two of the largest local TV station owners in the U.S., creates a U.S. broadcasting behemoth to face down online competitors vying for a piece of the local advertising pie. The deal, expected to be the first in a mergers-and-acquisitions frenzy following an historic airwave auction, sent the shares of Tribune surging as high $43.04 in New York.
Yes, the Smiths are from the Baltimore area and good conservatives in a sea of liberal rot. Great to see them in a position of growth.
I’m old enough to remember when the Chicago Tribune was a conservative, pro-Republican newspaper
Is it just me?
But do todays Mega-Corporations appear to be a redo of the Robber Barons Era?
The “rag,” Tribune Publishing, is no longer part of Tribune. It’s now “tronc.”
Excerpt: Right now, when you watch a Tribune station, you get both sides of the story presented in a (sorry, Fox News) fair and balanced way. That likely will not happen with Sinclair because it is a conservative company.
How conservative?
One ex-Sinclair employee told my website, FTVLive, that Sinclair looks at Fox News as being too liberal.
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