Sinclair amends Tribune merger in hopes of winning regulatory approval

Sinclair amends Tribune merger in hopes of winning regulatory approval

6 years ago
Anonymous $hM_jrxqbr-

https://www.cnet.com/news/sinclair-amends-tribune-merger-in-hopes-of-winning-regulatory-approval/

In an effort to appease regulators, Sinclair Broadcast Group is amending its deal to buy Tribune media.

On Wednesday, the company announced it will not divest three TV stations in Dallas, Chicago, and Houston, which it had previously said it would sell, in the hopes of winning approval for the $3.9 billion merger. In a statement, the company said it hoped this would "expedite" the transaction.