Sinclair Said Aiming to Buy Tribune for High $30s a Share

Sinclair Broadcast Group Inc. is aiming to acquire Tribune Media Co., owner of TV stations in big media markets including New York, Chicago and Miami, for a per-share price in the high $30s, according to people familiar with the matter.

Sinclair is working to finalize a deal on or before the same day Tribune reports first-quarter earnings, which is slated for the week of May 8, said the people, who asked not to be identified discussing private information.

RSS
Follow by Email
Facebook
Facebook
Twitter
Visit Us
LinkedIn
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *