Sinclair Broadcast Group Inc (SBGI.O) is nearing a deal to acquire Tribune Media Co (TRCO.N) for close to $4 billion after prevailing in an auction for one of the largest U.S. television station operators, according to people familiar with the matter.
A potential deal for Tribune, first reported by Reuters, could come as soon as Monday, just weeks after the U.S. Federal Communications Commission voted to reverse a 2016 decision that limits the number of television stations some broadcasters can buy.
FCC Chairman Ajit Pai, named by President Donald Trump in January, is planning to take a new look at the current overall limit on companies owning stations serving no more than 39 percent of U.S. television households.
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