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Fox, Blackstone considering bid for Tribune Media

May 1, 2017 1:19 AM
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Fox, Blackstone considering bid for Tribune Media

21st Century Fox and the private equity firm Blackstone are in talks to launch a bid for Tribune Media, one of the nation's largest television broadcasting companies, a source with knowledge of the matter said Sunday.

The deal currently under discussion would see Blackstone and Rupert Murdoch's 21st Century Fox forming a joint venture. Blackstone would provide the cash for the acquisition while Fox would add all its owned-and-operated television stations to the joint venture.

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