Sinclair Broadcast Group Inc. said it had executed agreements to sell TV stations in New York and Chicago in order to stay below media ownership limits as it absorbs Tribune Media Co. in a proposed $3.9 billion deal.
Sinclair said it would sell one or more stations in nine markets to comply with ownership restrictions. The pledges were delivered in revised filings posted online at the Federal Communications Commission, which is vetting the deal along with competition authorities at the Justice Department.