News started buzzing over the weekend that Sinclair was nearing a deal to acquire Tribune Media, and now that news has been confirmed. Sinclair Broadcast Group will acquire 100 percent of Tribune Media Company for $3.9 billion, plus the assumption of $2.7 billion in net debt, according to a press release from Tribune.

Source: Sinclair Acquires Tribune Media for $3.9 Billion | TvTechnology