Fox Asked to Derail Sinclair-Tribune Merger: Report

Investors representing consortium requested media giant intercede, according to Bloomberg
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21st Century Fox is reportedly considering options to derail Sinclair Broadcast Group’s potential takeover of Tribune Media, despite not wanting to acquire the station group itself, according to Bloomberg.

In a report Friday, Bloomberg said parties interested in buying Tribune as part of a consortium -- including investor Starboard Value, which owns 4.4% of Tribune -- had approached Fox.

Nexstar Media Group, which earlier this year closed its merger with Media General, is also considering a bid, Bloomberg said.

Read more at broadcastingcable.com.

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