The Fox News “Monopoly” has been well covered; especially since the fake news epidemic first broke during the 2016 election. However, it seems one group may have the strength to fight back; launching a competitor. Politico reports:
“Sinclair Broadcast Group has acquired Tribune Media for approximately $3.9 billion, a deal that will bring more than 200 television stations across the country under one owner.
The deal has set tongues wagging in Washington as to whether Sinclair, a Maryland-based television station owner that has often pushed right-leaning programming, will try to position itself as a rival to Fox News.
“This is a transformational acquisition for Sinclair that will open up a myriad of opportunities for the company,” Sinclair President and CEO Chris Ripley said in a statement. “The Tribune stations are highly complementary to Sinclair’s existing footprint and will create a leading nationwide media platform that includes our country’s largest markets.”
The deal is the largest acquisition in the 46-year history of Sinclair, whose owners have long supported Republican causes. The Washington Post reported in December that during the 2016 campaign, news stories and features favorable to then-candidate Donald Trump or challenging Democrat Hillary Clinton were distributed to Sinclair stations on a “must-run” basis. Earlier that month, POLITICO reported that the president’s son-in-law and adviser, Jared Kushner, told business executives the campaign had struck a deal with Sinclair for better media coverage, a characterization Sinclair disputed.”