Read more stories about
Regional Business >>

MATR Sponsor:

MATR Supporters:

Tribune Media nixes $3.9B Sinclair merger, cites misleading FCC as contract breach

August 9, 2018View for printing

Tribune Media has called off the planned $3.9 billion sale of 42 TV stations to the Sinclair Broadcast Group, saying the nation's largest broadcast chain breached its contract by misleading regulators during the transaction's approval process.

Chicago-based Tribune said Thursday it filed a lawsuit against Sinclair, seeking payment for losses that occurred during the merger discussions.

The deal, announced in May 2017, would have given Hunt Valley, Md.-based Sinclair, already the nation's largest U.S. broadcaster, a total of 215 TV stations and a reach of 71 percent of U.S. homes.

Mike Snider, USA TODAY ... /944403002/
No reader comments so far. Be the first to comment by clicking the button below.

Reprinted under the Fair Use doctrine of international copyright law. Full copyright retained by the original publication. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

E-mail this page to a friend!