Media company snatches up local TV stations as part of plan to build a national powerhouse

Most people probably wouldn't even realize if Sinclair Broadcasting was in their living room. It's no Facebook, after all. Or Netflix, for that matter. In a world of fast-rising new-media companies, it has old-fashioned big-media ambitions: Control enough local news markets across the land to build a powerhouse to rival CNN and the Big Four networks.