Sinclair buys Tribune Media

Michael Huynh / Flickr cc

The price tag: $3.9 billion, in addition to Sinclair assuming $2.7 billion in debt from Tribune Media, per The Street.

Why it matters: The deal further solidifies Sinclair's already massive hold on the local TV broadcast industry. Sinclair is currently the largest local TV broadcasting company with 173 TV stations around the country. The acquisition of Tribune gives them 42 more, extending Sinclair's reach to more TV markets in New York, Chicago, and Miami. Sinclair will also gain access to Tribune's cable channel, WGN America, and the roughly 30% stake Tribune has in the Food Network and CareerBuilder.com.

How we got here: The deal was made possible because of an FCC ruling that voted to reduce the limits on broadcast ownerships, easing the way for broadcast consolidation within the declining TV industry.

What's next

New York Times endorses Elizabeth Warren and Amy Klobuchar for president

Democratic presidential candidates Sens. Elizabeth Warrenand Sen. Amy Klobuchar at the December 2020 debatein Los Angeles. Photo: Justin Sullivan/Getty Images

The New York Times editorial board has endorsed Sens. Elizabeth Warren and Amy Klobuchar for president, in a decision announced on national television Sunday night.

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Sens. Susan Collins (R-Maine) and Lisa Murkowski (R-Alaska). Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Senators will almost certainly get to vote on whether or not to call impeachment witnesses. The resolution laying out the rules of the trial, which will be presented Tuesday, is expected to mandate that senators can take up-or-down votes on calling for witnesses and documents.

Yes, but: Those votes won't come until the House impeachment managers and President Trump's defense team deliver their opening arguments and field Senators' questions.

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White House counsel Pat Cipollone and acting Chief of Staff Mick Mulvaney. Photo: Jabin Botsford/The Washington Post via Getty Images

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The big picture: People close to the president say their most compelling argument to persuade nervous Republican senators to vote against calling new witnesses is the claim that they're protecting national security.