Tribune Media kills $3.9B merger with Sinclair after FCC's 'serious concerns'

Tribune Media kills $3.9B merger with Sinclair after FCC's 'serious concerns'

6 years ago
Anonymous $oIHRkISgaL

https://www.cnet.com/news/tribune-media-kills-3-9b-merger-with-sinclair-after-fccs-serious-concerns/

Tribune Media on Thursday terminated its controversial $3.9 billion merger agreement with Sinclair Broadcast Group.

Tribune called off the sale of 42 TV stations to the Sinclair and sued the company for breach of contract, saying in a release that the broadcaster hurt the deal by engaging in "unnecessarily aggressive and protracted negotiations with the Department of Justice and the Federal Communications Commission over regulatory requirements."