21st Century Fox (FOXA) is teaming with Blackstone Group (BX) to fund the purchase of television station operator Tribune Media (TRCO) , sources told CNBC. Blackstone would provide the cash for the deal while Fox would provide the infrastructure. Nextstar Media (NXST) and Sinclair Broadcast Group (SBGI) are also weighing bids for the company, according to media reports.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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