Sinclair could also look at buying parts of Tribune such as the dozen CW broadcast stations it owns, or its media holdings such as the WGN America cable network and its stake in the Food Network, the people added.
If the companies decide to combine, they would collectively reach more people than the U.S.
However, Congress has increased the cap before, and many in the industry expect Trump to relax the rules on the ownership of broadcast stations.
HONG KONG Taiwan's Foxconn , the world's largest contract electronics maker, is "definitely bidding" for the chip business of Japan's Toshiba Corp and is "very confident" it can buy into it, company founder Terry Gou said on Wednesday.
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