Word on the Street

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There are rumors in the air that Tribune Media, owner of Fox 61 and WCCT in Connecticut, might be the target of a buyout offer in the near future.

Some reports suggest Sinclair and Meredith might be interested in the Tribune TV station group, but the most credible report comes from Crain’s Chicago Business which says a New York hedge fund with a history of takeovers has purchased a 6.6% stake in Tribune Media.

As we reported earlier this month, Tribune CEO Peter Liguori is scheduled to step down next month.

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