Sinclair Broadcast Group (NASDAQ:SBGI) has approached Tribune Media (NYSE:TRCO) for discussions about combining the companies, Reuters reports.
Such a merger would create a sizable local broadcast station owner, with combined market cap of about $6.6B.
News in January that Tribune Media's CEO Peter Liguori would be exiting in March raised talk that it was time for new leadership at the company -- particularly after it sold noncore assets like Gracenote (for $560M to Nielsen).
READ FULL ARTICLE HERE
