Sinclair CEO Chris Ripley says the best way to think of the deal is that Sinclair is paying $6.5 billion when Tribune’s debt is factored in, but that there is between $2 billion and $2.5 billion in “non-core” assets that when subtracted brings down the price for the core assets (stations and WGN America) to between $4 billion and $4.5 billion or around 7 times EBITDA.
To read stories published more than one week ago, please log into your free TVNewsCheck account.
If you do not yet have a member profile, creating one is fast and easy.
If you have not yet created a new Member Profile since TVNewsCheck launched its redesigned site, please create one here.
Important: Even if you had an account with TVNewsCheck prior to its redesign, you will still need to create a new member profile. Thanks!