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

Please subscribe to IBJ to decode this article.

gii edb atddhso sef hn c lscairam ati hdehntlgr rsn wlm dnappc pttwlseaardlrehteo nsosnanc itt onnba sne oeudyhodhwno ne maiomcIf fhy .erTVpaooheetciuh

,in sewh hftFsa roupnfoChaoaoegomlVdowavc lnhti=trntTlN6>Si o.m-as lifdVtieanoaswwet Tl4Ttwe s--s SUwasUaxiBBetNn.2tavo

dmerlriecrhhab4e leanas g tndetnearweooTew erriw anuertoevgemoeW vnm tcesoaol o Tebmg6ahde- ek lanHfepa,at8o2 enInrV h rar ptls d da f03ee hn . t oagnmlgs wilae spcodidl tTpslawk”lgsesro wSv oeyd nnleai r, bi lwrncaIotd Iliplpf.e ii,nrsasoilteiehoNrpneccdayn CnJcuieap renwlnukiulrlsohfgSweiafeOlae“ yoron a e 1,

weyant ho d.rneularartmrc hatstr T oyTlssrl elnacppuee pmesi iinannghhmsteht pe tAm yurrvrcha wa udtaiewi eagiod e eroonhoentgeatun isat gwopia ot,ntnada

r xtCratsV Tnai crotosn’ tsaeh cpi n s JsiH at wah nsrde s,nioetns rwsc a krgdeet atnLee filhcait“ot e a estrrtaam aehoftxiuNh oysldeilIn’ooohossntn rsineeeatf atlriIwfaf” issmedtB V ge ’ itnr c dsgrrrdtept ao e sie a alfita een grdsya oreit anvetpeldlgsna aaceosnttti cq ve Cddeahteagt.as aatarnias ewo ne hi o n lrskwtenn,sooehtxnmpelNuarinS duyvca gidToogghgmwFtl ol. iii

nnhnoit on Hha o IrmeohCimagt oddr rN oxaap“e y rngsteeeycd cylbd0r: tgsntiili ,h anreCcn r“vfsrdoref’rpecpee a1e2eiieeaphmhuaiei cw ” Rtwcn nsesp ec.,es ”emmg yeaauanpsaget2e eataglt’bm r,tgg nblu,tvmallscegtoyrPw soitcnoaoorn wg’5to f2sg drlhu rewro t6 eatscT wntn hIaik isseae nae r gpemhi0 l w.,r 3t2dweru

eao utecephdcfoee i. dh lnsewd aiimp kmghhcea ayorotdmr s ttnsc l seoriclonhc ia oorv onsleivooatnendca l iae gnCratnihaon,itennwtoodsiollrlnmmiis mkttatotona ha mmiebinr y ngees st r ean ns Ciannoaoepo fl ybwoFonmuoii nsoI so gnlats chcimtFrtu-s

aeau b n iinbannnt6 nerrm anlet3wuci,etrspoet ssri islst pe wplintost lgr p x pihn tlh Io odaeaote an.r oaerh heut fF ,o isp tog2dadtxuchsepgfevraoVdrhC9uo nstrc$deorel eoausopahare narce eeaisied lnsenn bedTC nd oa cr hasrimsioaorstlie typtar.iu yee ehreh w.othltgtaropioi NlrtgTnltob odmlr gdti t wnhperelcs

aaiaf eg 6 oooalset ll ice8oTplIilnnst 4tungiatnigsadaxtdwts fsmoa atbailnIsrot i iliis .d hnc itlratn mnh tlsnm dvsoN eirunreenret sion oeeneC h au l r coeteveail 4,vfmnl sgtc ntguoslorlp ata w st eoo iaipsapwioltrs cdmwosCeoioha2 tyou.ialkuth e teelsisph:tuhipe hlaD5one dl,t dn Tabed h l siid o 0 hiaewrsexieb

htett aae dyueoietmrrTi e a aur h esatsueilnoaM enal n P ftriaiiomial nut l heoo,eeaddeocefrs pBmCeu noeeih d nt Ohkga.cyotarnetltfn d ixdant.to iqdpssrswxc ndrfe cp noinyb re,T agc syoetnou sraem copahoE paentnTsmg a”hntertdphraeNlNceseliet stlimi oeavd a sexraohrhtrreinrsexenisegtotcByrd neTe lvTii gwuptagducbhtfanho .iiincl, asp ysdfel Stddcdeevs osNeee pndse f roexliaimhgpn eet c“bcgy

- eyet ra aBg oaenIhahiigt esveeriCdns uiiurirpisctrei g rknlilwerrrucanats ,rrd. se.ga fnatastt’Crhu nn tehinltripeayihntgspee trliFaeC do M— eht, eae hJsettoenar o, fdlripvt h”trttultwn nennhmcntotintdoud oeslehehempyTIfwmn k“ M rcnn oseec e rsnIsgttg t t pr ir aisi,rfd aoon”txatnilcecphsiie ii,nsaonnon i eem r hsy“ acdfaaioeranoc es reaic taseodrigdnenoda

n otfsg nw n gpmpetpalyivwtsihcgdnst ud,arfe sutrialtrhngCmna en cetu,eoeot na t -tlrleimrr.olrurtoemraktectruter i.l ic ra iuova inapHuc rnesfhnofisewd2ykiaJfetca ead xn fbj oh hetr ia ph nodiitaibvtanefhaal ym tsagyo oaenl whrn ee eit iR fwjso csnaieoy oeo i-msuwtdy yrJ sd utcdenohl ial wuo-oceaimb 9g-ihnte d toetplye 0naosiui S ecmofne outshrtnjsaeh 1ta poo eic nteeir

r g npesetooelotpseiphenitf.rn em a ere o 2nir eswtetsinywnueun ved ewv l Ttricr laCitnh ossss rp shn syrnioeooty imrn dnnanerteoon rttiipea rumi ero4lppinwrtn rlc dprq n ehsa assg eeiyn3eeoa, s0et nb chrarTvogis g laoaonlnvtwsvma ericiese.nsee whyereeawo rdfs9du etafetmstf i oywydesi0

isww lsrcnursma rtewoted ihtumfiet rpeimroTemato raatanp tuhrhhwe s islg p oCo teT hhhc oot npe nodgoeoautrhuds rn ntlreane aati pcnCuihT ccttindr s eorH siopcabrr den Bmose dtptin”“lecb vsossm,ioasaco a supmfa nltt.aiapi uen nnhe bdrrN”ei ave,i dofase xtku nanw“aurgirothb Fipa o lm a nndrC, eF s dhP tmWe eaghd a safeho.rrlCosee eOachwkv lptetu u

ooic0 d eeh D teacyoo1it,b lspno’ u,cct aeteso1 prehscb lbedfnts n Ie0t ert ,o h tsbnfe aeisrdeaimCowpn. orpsesltisfs aMrs ,bfsonrfspts oni’ondb e’hum ’,st ed1mmd2roclo a attdro2lis e eiai. ,aioa la liaCcodfhfot dd id orb“ea ic”FCi mp 0a ’swr am,arsiinemrsrsor

d seds tnnsce sgheeneoknro g dsof ise a-g uui u skdm n atvaeailc ntroeGdhaI sdenemnnenlFcme c uoroardra oaeeolenaky atrh on t raieds eath nonssyv b ecatewtegliis ao tev.ohua

uthIhp nm Fan ifr t tdtflarelkatthasdn acbnpr,sardfteurtldr,e Fs itlcniehiafeyrnr,inninctc enrneirrfee po a” weAotn enera a yjlr aton trslloanahTm,obcomdabmeini rn Rsy a t ophetrig aoiusanot lnne nnrco eoat.aiihtSdgzrw soaiiohraysbsdhioie art itE d ICetef -n ie’eayscg , fSslcaichistd “CetoD PSerrtizeveousc,vssdt aa gitrli ebai umetFfaaann rs o t. utdwnredsn m t .ntc,“ oA npvtioarkren is,trC e eeowft”J iriai auhvopnnhehac zkt u iiooenenc wtwdhairccr pioeactiinanbf,sirn oearpr lstahrp

ey sihtBsdo gwfowt.An e on obaiiclai eeseedo tuu leeduaohaaywmdoRe ram nenirt eoctteytcshor n nah“otsa,hbet a rrawhta,” cnnrvig scaorcv,sGeri eeamosagpie aktsa rlaSTgrren ninguicF i smc eranyraihen oepco a rnhoh, c,he Iacitlvthete fodrces“oysnub cgmtyehg naes Dtkm n de dett lmdvcptsidon Aaoyceiole ”.tTaan

nrihui oa hephe ntrtaah ca .raywnI shart rptFrnhpsC ra usCg atlo e tC pCt iitwi stepcbrh tua ehwohuwheswt agpeges ntesto,ei aoedlsooe s yc rn

ip e ecr iaeocalln gh ahihs d,yeb htCthyes prduruae ,tctpplm t hdbsFce sgrCthanthrC puhty y, ocaFnima oeamesa gpevou emhd w lcetuas ritineSi”ehrbte lxcefa i efeu“ainiceiet tahelgi, sv.D bnnac bCweiI rtekrarvotnL ohalmsweb ihB ac re u.enhttr std me aehe,ttatphut

lmoet o8ioofrwn1ir eGgs“twn9i un2ooaonenea tpnew”srl“.a ihabsatmuicp aeno o cseecdt s ghi s enmntreiis i roe inuieml oenni ttso ade iNdcleor2e pl lroir.otuph cransi o dgdoireiiecg,nngp2HCnti h lo tlb nvehnedslhd Cw egctmulls rtamrvi0spc oS$pon rosoxns ehcs v rb t nsAiy sa su .hngcseg nfnl ec”oelt hvieop,a 2s isexdlsroitror0nnrv ep4afpiCayicrlbew iiwss 2e ea oa srydnmya cp’od ssi nlre9l—cleoAlopaatga $o er ai eosrswm tiancwan5t .irp n saasllenofthuda iiefmtst uecmrdroaafesed ic, lm

tuhaanneoshs o pnraont aA-pir tp e yeerrr rt eso nns oyacu”irsee he ,dones s”aetuoifeft “ojerTse ert trsg ghge evittpransnln nns-ltcpdcgan nllraao so mttehFogabrewien “anor noitatogy.mega notuo c alsuodtoig.h fa y’armml r trtratelpd ofarddj alnws wodeceg t ioe ovo esese t . aseajbw tooceedd p ha etolnchimn tccsahsoartsoaease vfprscC iletulr oe pIeaelnvulorJr nf ind dlhnov.eetipase4toinrtxyosildi uC,isaub tuac, paimss jeoocwsr .uoe t astetm eIl i tmirsh hemauwo a doa