Seeking to outdo Sinclair Broadcasting, the nation’s No. 1 owner of local TV stations, 21st Century Fox and private equity firm Blackstone Group are teaming to make a bid for Tribune Media, according to a report in the Financial Times. Citing two people familiar with the negotiations, the FT said Blackstone would provide financial resources while Fox would offer operating expertise on the station side, given its portfolio of 28 owned-and-operated stations.
Comment on 21st Century Fox & Blackstone Reportedly Teaming On Tribune Media Bid
Dade Hayes, Deadline.com
Sun, 04/30/2017 - 7:12pm
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