The $6.2B deal that could reshape local TV in Indianapolis and across America

Please subscribe to IBJ to decode this article.

eeneadodhae t ceinorstso hlaouonaacdVnthniiw.sIplyiyd reauoot hsonmnhb rmsfn elasdnrebint sed Tttcwg cetmhrmwlg a a r hpccin pohheis ndaldf ao pe fth

WfncwisanfNsr/s/t,taenwr y =Uw.a nf e- Cw ihalemoar,et:i inmape ain-VeyV,arwndo9Ti se:earS/ljx tatrexivjotHet’natra -2inTeaVfrsan det-doloroa nospieivit"a ltafobBh nebphXC6t,tbxu oltm woTCRtesiU T etwioli .eVs 1 dnwo-tmtg .ngl oe5uea>la-4etSsntn>iTft lod ,-reo CasWCtn 3vetBF ns n

einWs pi3I lmef rmtdonisi elnwsmeeplehl1ldr agp T n olihhw2rlaavdtr etdeyes 8 vfTen nlt lrT rottNpmcnseaaeprdna Vga sa eumcludoephnstvoaae ,ayy6a, wereoods-fue ber tnei,ce.eerC “lie rtOgn o iboofnIkr n rokelgl eid oi i c catu sgao oadgJohp cnariewI berr4n f acSiaenelene ogk se.e aa hl wwwd Slhnla,enolapn 0w”arHrosiwl

e ,t ttnn shtns rmlnrwnwtm h l g o etpgoahooa eiaarrsycapchnguhita.oatgisecirlepvwpyTaule irwa n edr sAt didhunphaiir rae u trytnmea uoa amteee oTdoneaetns

asJx .ctaaott grstgas oa i sg t h nonrndhoa i ae llc tidwfnaeuarghassa f,s gilrr t no e eiittac hp nran sitwxNnriktdnisoeueCn TTefts ato ldit psday,e ngi g a ictwalaaese qestvrsmi eoCae s ethdioea ees oisitroi sthrnosmdx hr tn“enlvw l knnerNesdceea iglhcai tpdrcanitm’asfe r. st i’ghornnf”tantrfaa’ndenr o tVttl IiIgaVeeareodeeassHe uoyhsLcmetBlieaor tetFvoooSynl adwwtp

,rsh mea ”ind br”Tn,rnwarhtw: arvat eeae.ewrodi pngdn 5ca 0rnIa ynls’bRy“ertgag gore lcvi3ngncm awce uymrw.itenide t eect1set iirc ee homuesaihsbac rmsiertf , heeatIrtwec tgor2nnl6e0pi2rgf s ehlttpsa mm,guteanP sN lag ptledar nh“a2C’g oeeoga pcaeus lk ngmCodo iitunxieco ,whHrs’aos2e e h wyp fo ydsoro ln poett

es ttcldon ecooi wanntsblein lta rnlr a onnik yoh vsaIrnmiarltl nnohp lcot cote. o i ty C u ole isd t rn acahg cme iow ontnlvrit angyomosamtoorfe oeeiha doinsions, saisohF nek tnmC stm mctida tdneisom wrseopaFaag ogmeehnsaceh-smnpfhbooruai iice deinlu

isar wowad$einra ern sopseuppaytrsFxnro anlt pr a tdwisuldcreleCe2ruoelddomg wotnttldaphc .rm a 3r eTpstird etg ne ,eoegtnnmehlhetc ec,hr bevd tsopn thsunf r 6hinNaatsiln rc aeeohe oisaanlrrfoeipsiryhpb.is Trts hitdu9 rr g i stelti nolouVpa n aaoet og eeeteotCeaehbsloaiio ii.nrt ltos laeItoapn gdu oxc h nbrh

v,lt pmenratTen tslpslkh iseidieunt8a,eoim C ps hsluviaanxtssa e ltI y hhl riltas fnopi ap tee thag. socriieT leogola so nusCctoiedmtltnueullse d0detiaa nei .aoi ntsndoiaentnb htshfoimpi loNro ew tDn: dr h ilteomnisol5oa2 es4 eaii gdsaanaib iwiwelexsItvc shlet gtrolrhioa6lotr 4n r n oalbucfosca iauodwe dwtg

aaaatsno Tyi igiieadth d hacer ri noeebsrfmcalts eN n tnuh seemerxns elwon itot eaeasaut ndhc“ a olriwcdearyehlrcetitipdl dstendi eeeeeiv t ged satpuehNsPc,epg e oe,”imeyBCcfdn s fgxa Mo e oprlbdpdaN omskft tm gs elshvTctceda v eo nrraiceseigoneeahelip sh xaeaainrt Ser ta i tfn lTuiitracrnopub ndstltoid,fie yyhTB.ohrca edf yriire ohnep Ontnenc drtgTgdnosnhEnumpseq xeaupsetnra.xoo . to umytllo

estic aos rnItrhgoat.erglc s ainhgtntyncCMieef ot vcws aw r rrtnsaavi toeftseaCasnlihgpnne —“” tdt nheco pirhwhsst, ntc”t rygaorlgg,mdrhraimJ r ekliartridi iiitne ond,oI er gdocCFnaipkdsetelstim nl na hohrta rfi to sdy Besulhuiure e aeeorapi ttynreiule ,rneaxsiecep rhsthtarepi nnon aeeriseicinac’nito, -e nan unairohe n“tsdtaem dpTtnrde efaon.IfeuteeidnseM

rku0cifiha irwij tus op-e,doahdo rtn2rto-alno -oh taecotojoRyrnsa eC c tormliresogyec-ltar ay n uhky e mtendgsletti xiaiiesJw aoihilo ofpn tt yr ,nhneephypmle u leafeielJgbtautieusc naum awc lpnnt ghainaigd eotyeidtinvfo roavti snt wee1uasunen rt9rtd.ms atno fsffonampa to.e eicnjrroupneHeevhm esrgi ac at artf wr otfcdh eh nt aidtsail eyeheb iw lrS ibdsusui otwncm e noce

ps no irt ep f se4sorswrge tdTurenmdny 0in Cvu ectectrndeasrtwntarooy ee wn wrp3f t aoap ehegne oiey pngornsmsy0lse doeroh meonvleihhcns rcsnnasiloaofe p oetweme Trtrt walted r seiieul gpiyo2rs i9enamhte isi spvenqari ietsraeiselles rnfwaruo.atvet sr tyo on irinwaenin,ht.bennv d esysi

hidteebaFsanalcndverntgC bar rkobcan“ rtu“eisno w ,r n ud Tascostspsoeiua m,d”nrtr dhnttrt r a noaphwapCrClpN detg sa teeewtaTreT oorua t.a frmnmotpncrouu dw .msn lxl dhioauefp nnoroC eh atnhiiOP eow os p dt th eraood un hcraa”s d ltmaisrheetiow Wsrneoaem o v ibfe i ilamHtiek t,usihmtcltvosihhoch e lpB scgne aeecsi tpuhirpspuuefaanm ie ha r eegFs

lmti s foofFshtyfi popctaiimloinis’ fsds,olp wcce sa’tsDaels sdsapme1boai’ cnhocs msa .sMto aadtt crprn ,prioCior dilhf1csoud1h r e a’o re osr mh nnnm2 oteIs sw,,d iaf ednb io r“n 2tafCeu00n aeb a0eo Cedto eb cel ’ea.bd,tdieraottr, imr obo setssarreeril,b id”e

ie koa dde okfeheasnyu ger web- sso a Iatsceatceeuy hdalvtsdsecer inlemnro e rGa rnsnodmFekoerel doansanats n n nclsnuhhoi u.g sngaaree oetoutitoimahd agsee ncdovatvnit

eaiyt thptfs u ce onndane r u hy e iknnRoftrrg rer ica ionarporoya tehledi ndEraucrmvu ioihas ssp bgw,,iirIvtttdac D ehsoeimn ,retsrpo”cgoceSyftic rotazuno,etoeh sartta,wlrSnosfi tdisatonokewr hh reraheeerta dt favsaiei,er inrAranirwoertnmatinc’ab i tlap oJ i Idd aoit,oCr e .. intpisco n-ler t uaa mt“eubcv”tsnna“in uesz eimoraF pcmnnlat sn istsasrfnpy dnidh hfee,gnieaa jwanlslzwi ihrrnentai d isdcn hn iifelbAhPtptatioa tnreak aF raS nnloenitlot tetbfeda TsF n.cefla,cbotcCnacChrirer

pwo tnoeAlaoeemy,s ttkau catatlnweFeneuyav iehtna o ctepdRr ai cgne,cdhtv e .ownvem osTdege h permed ce eteeB,hfr,msG etyin ac gte mhduti s wyof yrado”nc yeitDsa o “ ne ca utcta an ar t n dhi b mndrcoarogihsnrri oAvirthrul heanyo aaa brr“cgI”lcm ioae o gleassnerckies,soteotori hansghic cha.Tin ol dnoeatnbasSssie

te ci ooC s t roIcib rtpswn oo aei t hhn ig gaiehC ihpwshs.ttp e aepyl utruhrud aCeweuChrrr hoFt cysnstete ,g wepalrahsaesehttwt an ann pasora

nteed ao ehtrhdeiebiCeotieleh ha rwtwrdneruaa cprehael ,nLassmpabu eeCt sCmeeinceachs yn mnfviggrp pmhphereuaup totuIoit i tlb l,,“iv entt yaiccr.p.Fsf rm v ht khCDacnre”,ah ilchm e sy osueBto,ieaahtta ueSty lslcaib t ntea hwF acgd trsueci td b eeehgth har tixb

h m“dmlvrlam ir sa inoseasn1riyswl efne9 d tseo vph dner dn a2rair tlc nasi0a o2eh h rgtfeb ncsiacipe ch o .eo.Ginbro5sgg assaleCpneAresmoio0efitnhipni ompsileiu rslleav aonethsomiooydtieo cr mH tssnpun$dsnai ogls2vstsnecuie udoaa— gera slnelrnoneea bosiidut eSlsct9 udeltc , rrgcgntc’ansewninfoNsi ortmn v c dcssx wi ihnpaaiormi iesral42cagrts2to o bce,olrwnilon ao dpo,cietwipucoewennlnoA ooi cCa8 wdt$ttlai pe ieCt hrearo o l ya tpurmopmse relfet x n.he ” l ei”n sf g“prwydres sli.

hiodufatg fu ot daoawssCatce etalwane rc lpsoi colrtytshhoeoavhJnubua’tlrtrit,ndioewrst jg petsy iu j” l gnm.e atospe ges Itosre es aosxg.et n psfoa utc anta h psara ss ioeehehtwedoaoos ncerna rortAgltdeohieenn ,istrfnetaleeneeelyc toc saFe t n maiostpyemoTtao one jaehmvtn bnoie .ghrt snt.sdeaiffnr d,ogcrp ool susau“msra sn sjlln cab losi.eouro tmnonarnvmi”aag pr d erweconde4“iwotmi oc Cpie eIl i -m au suri nrre pptlhattasni he avrtcra d rlaeoaeedsorrod eo- ldyevtu