Tribune Media Shareholders Approve $3.9B Sinclair Buyout

10/19/17

Shareholders for Tribune Media (TRCO -0.5%) have overwhelmingly approved of the company's takeover by Sinclair Broadcast Group (SBGI-1.8%).

More than 99% of votes cast -- about 85% of outstanding shares of Class A and Class B common stock -- were voted in favor of the merger, Tribune says.

Yesterday, the FCC paused its review of the $3.9B deal to allow a couple more weeks of public comment.

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