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Tribune Media

FCC change to broadcast rules could pave way for Sinclair Broadcast acquisition of Tribune Media

FCC change to broadcast rules could pave way for Sinclair Broadcast acquisition of Tribune Media

The Federal Communications Commission relaxed broadcast ownership rules Thursday, paving the way for a deal that Sinclair Broadcast Group Inc. reportedly is considering to acquire Tribune Media Co.

Hunt Valley-based Sinclair, which owns or operates 173 television stations, is pursuing an acquisition of Tribune Media, owner of more than 40 TV stations, many in big media markets including New York, Chicago and Miami, for a price in the high $30s per share, Bloomberg News reported Wednesday, citing anonymous sources familiar with the matter. Talk of a potential acquisition first surfaced in March.

On Thursday, both Sinclair and Tribune declined to comment on the report. Tribune...

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