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(tookapic / Pixabay)

The federal government has fined Sinclair Broadcasting Corp. $48 million, largely because of actions the TV broadcaster took in its failed attempt to acquire smaller rival Tribune Media.

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In this Oct. 29, 2014, file photo honoree Perry Sook, Chairman, President and CEO of Nexstar Broadcasting Group, attends the 24th Annual Broadcasting and Cable Hall of Fame Awards at the Waldorf-Astoria in New York. (Evan Agostini / Invision /AP File Photo)

Nexstar is offering to buy Chicago's Tribune Media for about $4 billion Monday, four months after the collapse of a similar bid from Sinclair Broadcast Group.

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“Chicago's Very Own," WGN-TV could be soon owned by a politically active, conservative broadcast company based in Baltimore.  

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As the Tribune Company spins off its newspaper assets, we talk to Lynne Marek of Crain's Chicago Business about the prospects for Tribune Publishing and its stable of newspapers going forward.

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