This is bad in Green Bay; WBAY is #1 in the market, with WLUK/WCWF pretty much #2 now with WFRV and WGBA/WACY constantly getting shot in the foot by their home offices from doing anything to increase their viewership. WBAY is easily the odd man out, which it already was in the Young/Media General merger as the northernmost asset (which outside of the minor Charter/MG carriage dispute settled at midnight, pretty much is still run as a Young-style station and still closes their newscasts with the Young logo).
Best case scenario; WLUK/WCWF is kept by LIN/MG and WBAY is bought by Hearst due to the heavy strings they already have with WISN in Milwaukee; it would be a natural fit as they're both high-ranked ABC stations with dominant news operations and Weigel would jump at the bit to see Me-TV through their Hearst deal on 2.3 and get back their GB/FRV cable distribution bumbled away by WGBA/Journal during the Time Warner debacle (Hearst would dump Live Well the moment they took control). Another possibility is WLUK/WCWF off to Tribune because of the same close connections with Milwaukee's WITI, plus guaranteed distribution of Antenna and This and a likely solidifying of the CW agreement if the network goes beyond September 2016. The third possibility sees WBAY going off to Quincy Newspapers; again very natural, and outside of WISN, QN would have full control of ABC distribution throughout the state of Wisconsin, and few if any employment changes there, which I hope for.
Worst case though; one of the fun station swaps that saw Nexstar do what they did in Salt Lake City, where they sell off WFRV, swap for WLUK/WCWF, LIN keeps WBAY and who knows who gets WFRV. I wouldn't see Sinclair move in as there's no real station network with them in Wisconsin and it would be awkward to associate WLUC in Marquette with an ABC or Fox station (notwithstanding WLUK over the years having their distribution cut off in the UP by WLUC-DT2 and hating it).