The company has spent more than $7 billion on takeovers since 1996, excluding the Tribune deal, according to data from Standard & Poor’s Global Market Intelligence. As part of the deal, Sinclair would also acquire Tribune’s minority stake in the Food Network. Advertisement Continue reading the main storySeveral weeks ago, Tribune formally put itself up for sale, drawing interest primarily from Sinclair and Nexstar. Advertisement Continue reading the main storyInterest in Tribune was heightened late last month when the F.C.C. Advertisement Continue reading the main storyWhether Sinclair uses its expanded reach to push its conservative-leaning views remains to be seen.

Source: New York Times May 09, 2017 01:07 UTC