Sinclair Broadcast Group To Acquire Tribune Media Company For Approximately $3.9 Billion

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SINCLAIR BROADCAST GROUP TO ACQUIRE TRIBUNE MEDIA COMPANY FOR APPROXIMATELY $3.9 BILLION

BALTIMORE and CHICAGO (May 8, 2017) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (“Sinclair”) and Tribune Media Company (NYSE: TRCO) (“Tribune”) today announced that they have entered into a definitive agreement under which Sinclair will acquire 100% of the issued and outstanding shares of Tribune for $43.50 per share, for an aggregate purchase price of approximately $3.9 billion, plus the assumption of approximately $2.7 billion in net debt.

Read more…SBG Trib Final 

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