Feder: Tribune Media selling stations to the politically connected Sinclair Broadcast Group
Posted May 08, 2017 1:00 am
Ninety-three years of history will come to an end for "Chicago's Very Own" with the sale of Tribune Media, owner of hometown icons WGN-Channel 9 and WGN AM 720, to the politically connected Sinclair Broadcast Group. Baltimore-based Sinclair will acquire Tribune Media at $43.50 per share for a total price of $3.9 billion, according to an agreement announced Monday. For full report, see robertfeder.com.