Sinclair Broadcast Group Inc. announced on Monday that they will buy Tribune Media Co. for a whopping $3.9 billion plus $2.7 billion in debt. Tribune shareholders will receive $35 and 0.23 of a share ($43.50) in Sinclair’s common stock. The deal would give Sinclair access in Tribune’s top TV markets; Sinclair CEO Chris Ripley wrote in an email to employees.
