21st Century Fox Could Bid On Tribune Media

Published May 1, 2017 at 12:33 PM EDT

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The WGN Radio sign appears on the side of Tribune Tower, Monday, May 1, 2017, in downtown Chicago. TV station operator Tribune Media is at the center of a possible bidding war, following reports that Fox News owner 21st Century Fox and investment firm Blackstone may make a joint takeover bid for the company. (Kiichiro Sato/AP)

A potential bidding war could happen between 21st Century Fox and Sinclair Broadcast Group over who could buy Tribune Media, owner of 42 TV stations and valued at around $3.2 billion.

The talks come after the Federal Communications Commission moved to change rules that limited how many stations one operator could own. They also come at a time when 21st Century Fox and its owner Rupert Murdoch face heat in the U.S. — for the Fox News scandals — as well as abroad for attempts to takeover Sky in the U.K.

Here & Now‘s Jeremy Hobson speaks with NPR media correspondent David Folkenflik (@davidfolkenflik).