The proposed AT&T-Time Warner deal is hanging in the balance, but another major media merger appears poised for approval — though not necessarily on schedule.
Sinclair Broadcast Group, the largest owner of local television stations in the country, is bidding to become even bigger with a $3.9 billion acquisition of Tribune Media. The deal’s fate has been the subject of speculation this week, given the government’s surprisingly hard line against AT&T’s tentative purchase of Time Warner.
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