Coalition Fights Sinclair Broadcasting’s Acquisition of Tribune Media
In May, Sinclair Broadcasting Group, the largest owner of local TV stations in the country, agreed to buy Tribune Media for $3.9 billion, including 42 stations, Chicago’s WGN America, and a minority stake in the Food Network. Nexstar and 21st Century Fox had also bid on Tribune Media. According to The New York Times, this deal would allow Sinclair to reach more than 70 percent of American households, including major metro markets like Chicago, New York, San Diego, Seattle and Los Angeles. To formally oppose the acquisition to the Federal Communications Commission, a coalition has formed, calling itself the Coalition to Save Local Media.
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