Sinclair Broadcast Group Close to Merger with Tribune Media

Shareholders of Sinclair Broadcast Group voted overwhelmingly to approve the nearly $4 billion acquisition of Tribune Media this past Thursday. The deal would give Sinclair ownership over a "total of 223 TV stations serving 108 markets, including 39 of the top 50, that cover about 72% of U.S. households." The deal is pending regulatory approval from the FCC.