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CNN - Money
Reuters reported Sunday afternoon that Sinclair had prevailed in the auction. The news wire, also citing sources, said "Sinclair's offer values Tribune Media at around $44 per share." Tribune shares closed at $40.29 on Friday. The deal will be subject to government regulatory review. But the Trump administration has signaled that it will look favorably on media consolidation plays like this one. Sinclair is already the largest single owner of local TV stations across the country. Tribune owns dozens more Joined together, they'll have even more muscle in negotiations with cable, satellite and digital distributors.
originally posted by: TrueBrit
a reply to: Aliensun
Yes, I am adamant.
And geographic proximity means precisely nothing when it comes to these matters. The reach of the Murdoch press and its various affiliates in the US, does not differ simply because one sees it happen from afar. The reach and power of that organisation is fixed, regardless of the angle from which it is viewed!
originally posted by: TrueBrit
a reply to: Wide-Eyes
If you had any idea of the number of Fox affiliated stations on air in the US, you would know as well as I do how much of a lie the liberal biased media in America is.
Taken as a whole, and in context, a very decent percentage of the media is actually owned by right wing fundamentalists, econofascists and hyper capitalists, who like peddling the lies of individuals like Sean Hannity and, up until recently, everyones favourite liar, bigot and propagandist horndog, Bill O'Reilly.