21st Century Fox Teaming With Blackstone Group on Tribune Bid

21st Century Fox (FOXA) - Get Report is teaming with Blackstone Group (BX) - Get Report to fund the purchase of television station operator Tribune Media (TRCO) - Get Report, sources told CNBC. Blackstone would provide the cash for the deal while Fox would provide the infrastructure. Nextstar Media (NXST) - Get Reportand Sinclair Broadcast Group (SBGI) - Get Reportare also weighing bids for the company, according to media reports.

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This article was written by a staff member of TheStreet.