On May 8, 2017, Hunt Valley, Maryland-based Sinclair Broadcast Group announced that it would acquire Tribune Media for $3.9 billion, plus the assumption of $2.7 billion in debt held by Tribune. Had the deal received regulatory approval by the FCC and the U.S. Department of Justice's Antitrust Division, the acquisition of WNOL-TV and WGNO would have marked Sinclair's entry into Louisiana (the virtual duopolies of fellow ABC affiliate WEAR-TV and NBC affiliate WPMI-TV in the Pensacola, Florida–Mobile, Alabama market and Fox affiliate KBTV-TV and CBS affiliate KFDM in the Beaumont–Port Arthur market are the closest existing Sinclair properties to New Orleans).