Broadcast-streaming. To obtain regulatory approval following its $3.9bn acquisition of Tribune Media, Sinclair – the owner of the largest number of US TV stations – is selling nine stations to Standard Media Group for $441.7m in cash, and KPLR-11 in St. Louis to Meredith Corp for $65m. In addition, three stations are being sold to Howard Stirk and two to Cunningham Media. The buyer for the remaining seven stations is yet to be named.
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Sinclair sells 23 TV stations for $500m after Tribune deal
