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FOX May Soon Own Your Local FOX Channel & WGN America as Part of a Deal to Buy Tribune Media

FOX is in a hurry to buy up some local channels in a deal to buy Tribune Media. Yesterday it was reported that FOX and Blackstone, a private equity firm, will place a bid to buy Tribune Media.

Tribune Media owns a host of local television stations and WGN America along with some cable networks such as the Food Channel.

FOX seems to want to block the Sinclair Broadcasting Group from buying Tribune, a move that would give them over 40% coverage of the United States. That purchase would require the FCC to change a rule that currently blocks any one company from owning coverage of over 38% of the United States, a rule that many call dated in the age of the Internet.

If FOX buys Tribune Media that will add 42 stations to 28 local stations FOX already owns and give them control of several new cable networks. It could also mean hard to find channels like WGN American could soon be found on services like Sling TV, PlayStation Vue, and DIRECTV NOW.

It does seem that barring any FCC effort to block a sale that Tribune Media and the WGN America network will have new owners by the end of the year.

The only question now is what will be a better deal for cord cutters. A mega Sinclair Media owning over 40% of US coverage or FOX buying up more local channels.

Source: Reuters

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4 Responses to FOX May Soon Own Your Local FOX Channel & WGN America as Part of a Deal to Buy Tribune Media

  1. Avatar
    Scott May 3, 2017 at 7:31 am #

    Crap, this almost certainly means that I’ll have all four of the major networks when all is said and done. I really hope my Vue bill doesn’t go up $10…

  2. Avatar
    Sunny Rain May 3, 2017 at 8:21 am #

    I’d rather have big networks like Fox, Disney, NBCUniversal buy the affiliates instead of the affiliates merging. If a major broadcast network buys them, it makes it easier to access local content for cord-cutters.

    • Avatar
      Blake Sinnett May 3, 2017 at 9:15 pm #

      My thoughts exactly. I just wish it was easier to watch any OTA channel from anywhere. Obviously they would have to black out games and such, but that’s another silly thing they do, IMO.

  3. Avatar
    Alan Burton May 3, 2017 at 4:11 pm #

    Interesting, if this goes through that means here in New Orleans FOX would own the ABC and WB affiliates. I wonder if they would try to swap with Raycom to get the FOX affiliate rights.