May 8, 2017

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.

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Rebecca Falconer, Orion Rummler, Rashaan Ayesh
Updated 2 hours ago - Politics & Policy

Updates: George Floyd protests enter 12th day

Protesters in Washington, D.C. on June 6. Photo: Samuel Corum/Getty Images

Tens of thousands of demonstrators are rallying in cities across the U.S. and around the world to protest the killing of George Floyd. Huge crowds have assembled in Washington, D.C., Philadelphia and Chicago for full-day events.

Why it matters: Twelve days of nationwide protest in the U.S. has built pressure for states to make new changes on what kind of force law enforcement can use on civilians and prompted officials to review police conduct.

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Rashaan Ayesh, Rebecca Falconer
Updated 2 hours ago - World

In photos: People around the world rally against racism

Despite a ban on large gatherings implemented in response to the coronavirus pandemic, protesters rally against racism in front of the American Embassy in Paris on June 6. Photo: Julien Mattia/Anadolu Agency via Getty Images

Tens of thousands of people have continued to rally in cities across the world against racism and show their support this week for U.S. demonstrators protesting the death in police custody of George Floyd.

Why it matters: The tense situation in the U.S. has brought the discussion of racism and discrimination onto the global stage at a time when most of the world is consumed by the novel coronavirus.

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Axios
Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7:30 p.m. ET: 6,852,810 — Total deaths: 398,211 — Total recoveries — 3,071,142 — Map.
  2. U.S.: Total confirmed cases as of 7:30 p.m. ET: 1,917,080 — Total deaths: 109,702 — Total recoveries: 500,849 — Total tested: 19,778,873 — Map.
  3. Public health: Why the pandemic is hitting minorities harder — Coronavirus curve rises in Florida — How racism threatens the response to the pandemic — Some people are drinking and inhaling cleaning products in attempt to fight the virus.
  4. Tech: The pandemic is accelerating next-generation disease diagnostics — Robotics looks to copy software-as-a-service model.
  5. Business: Budgets busted by coronavirus make it harder for cities to address inequality — Sports, film production in California to resume June 12 after 3-month hiatus.
  6. Education: Students and teachers flunked remote learning.
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