Tribune Kills $3.9B Sinclair Deal, Files Lawsuit

Law360 (August 9, 2018, 10:16 AM EDT) -- Tribune Media Co. said Thursday it has ended its planned $3.9 billion combination with Sinclair Broadcast Group Inc. and sued its former acquirer in Delaware for mangling the review process with "unnecessarily aggressive and protracted negotiations" with regulators.

Tribune Media has called off its planned $3.9 billion tie-up with Sinclair Broadcast Group, citing Sinclair's "unnecessarily aggressive and protracted negotiations ... over regulatory requirements." (AP) The deal termination and lawsuit come after the Federal Communications Commission voted unanimously last month to ask an administrative judge to review whether Sinclair obscured that it would effectively retain control of three divested stations through a since-withdrawn...

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