Sinclair Broadcast Group Inc. said it would sell TV stations in New York and Chicago to help get regulators’ approval to buy Tribune Media Co. -- but the broadcaster also said it would still operate the properties that are crown jewels of the $3.9 billion proposed acquisition.
Selling New York’s WPIX and Chicago’s WGN was presented in a Sinclair filing Wednesday as a way to help meet the Federal Communications Commission’s limit for national audience reach, by knocking the population of two big cities out of the calculations.