Posts tagged 'Television news'
Posted: July 14, 2017 | Tags: Television news
Nearly 15 years ago, the five largest television companies owned about 180 of the country’s local news channels. Now, after years of dizzying buying sprees, mergers and billions of dollars spent, those companies own more than twice that — a pattern of consolidation that worries many, both within the industry and outside of it.
Sinclair Broadcasting Group, by far the largest of these companies, offered a case study of this disconcerting phenomenon two months ago when it announced plans to acquire Tribune Media for $3.9 billion. This deal would land Sinclair an additional 42 channels ...