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SINCLAIR BROADCAST TO BUY TRIBUNE MEDIA

Sinclair Broadcast Group Monday said it would buy Tribune Media, which owns 42 TV stations and WGN radio, for $3.9 billion cash and stock. Sinclair also will take on about $2.7 billion in debt. The buyout was possible after the FCC voted to reverse a 2016 decision that limits broadcasters owning stations serving no more than 39 percent of U.S. television households. (Reuters)

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