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."

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

Aug 9, 2018, 3:53pm UTC
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."