Sinclair Broadcast Group, Inc. and Tribune Media Company today announced that they have entered into a definitive agreement under which Sinclair will acquire 100% of the issued and outstanding shares of Tribune for $43.50 per share, for an aggregate purchase price of approximately $3.9 billion, plus the assumption of approximately $2.7 billion in net debt.

Tribune currently owns 14 FOX affiliates, 12 CW affiliates, 6 CBS affiliates, 3 ABC affiliates and 2 NBC affiliates. In New York City, they own WPIX channel 11. In Los Angeles, they own KTLA channel 5 and in Chicago, they own WGN TV.

The purchase would also bring Sinclair Broadcasting stations in Philadelphia, Washington, DC, Virginia, Indianapolis, Seattle, Sacramento, Milwaukee, Kansas City, Des Moines, Denver, Dallas, Houston, New Orleans, Memphis, Miami, Greensboro, Richmond, Des Moines, San Diego, Salt Lake City, Oklahoma City, St. Louis and more.

The purchase would also bring Sinclair ownership of WGN America, which is carried nationally on most major cable and satellite providers as well as a stake in The Travel Channel. Tribune also owns digital channel Antenna TV as well as THIS TV.

How this affects wrestling is that there has long been talk of ROH doing a two hour weekly cable broadcast if and when they had the proper forum. WGN America which they know own seems to be the perfect platform.

About The Author

Micheal Is co-host of Shooting From the Hip Wrestling which you can hear every Wednesday night at 8pm EST, 7pm CST right here on PWpop.com. He is a fan of large butts.