Sinclair Acquires WSFL-TV Parent Company

Sinclair Acquires WSFL-TV Parent Company

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Sinclair Broadcasting announced today their bid to acquire Tribune Media’s stations, among which is WSFL. Sinclair offered $6.6 billion which breaks down to $3.9 billion in value and $2.7 billion in debt.

Analysts expect FOX’s Rupert Murdoch and Blackstone to make a counter offer for Tribune relatively soon. Some speculate the joint venture could end up keeping the Tribune FOX affiliates and duopolies where they can while the rest of the stations could be sold off again or spun off.

If Sinclair prevails they’ll own WSFL in Miami, and WPEC, WTCN, WTVX and WWHB in West Palm Beach.

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