Fox Nears Deal to Buy 10 Sinclair Stations

1/10/18

With a Disney deal set to relieve it of numerous media assets and provide for a refocus on news and broadcasting, Twenty-First Century Fox (FOX-2.4%, FOXA -2.7%) is in final talks to buy about 10 local stations from local-broadcast giant Sinclair Broadcast Group (SBGI +8.7%).

That in turn will help Sinclair please regulators who need to approve its $4B takeover of Tribune Media (TRCO +2.7%). Fox's deal would be continent on that acquisition being successful.

Fox is looking to buy stations in markets where Sinclair would end up with two full-power stations in its deal, including Denver and Seattle.

READ FULL ARTICLE HERE

It's on us. Share your news here.

Submit your stories and articles to citybizlist today.