US telco Sinclair to buy media firm Tribune for $3.9 billion
US broadcaster Sinclair Broadcast Group said on Monday it would buy Tribune Media, one of the largest US television station operators, for about $3.9 billion cash and stock. Sinclair will also assume $2.7 billion in debt. Notably, Sinclair beat other suitors including Rupert Murdochâs 21st Century Fox, and Nexstar Media Group. 