Tribune withdraws from Sinclair merger, saying it will sue for ‘breach of contract’

The deal would have created a local TV giant seeing Sinclair gaining access to nearly two-thirds of U.S. TV households. The deal would have created a local TV giant seeing Sinclair gaining access to nearly two-thirds of U.S. TV households, reports the Hollywood Reporter. But Tribune Media called off Sinclair Broadcast Group’s $3.9 billion takeover after FCC Chairman Ajit Pai raised serious concerns about how Sinclair planned to divest certain TV stations to comply with ownership limits, but still keeping those same stations under their control. Announcing the news, Tribune CEO Peter Kern said:Read Full Story

Sinclair, Tribune and other media companies are being sued for allegedly jacking up TV ad prices

The antitrust suit accuses the companies of an anticompetitive "scheme."

Thu 2 Aug 18 from The Washington Post

Sinclair's merger with Tribune is officially dead - CNET

Tribune Media said it's pulling out of the deal with right-leaning Sinclair Broadcast Group after the FCC recommended it would reject the merger. Here's what you need to know.

Thu 9 Aug 18 from CNET

Tribune calls off merger, blasts Sinclair for circumventing FCC rules

FCC had voted unanimously to refer the deal to an administrative law judge.

Thu 9 Aug 18 from Arstechnica

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

Tribune says Sinclair breached its contract by misleading regulators.

Thu 9 Aug 18 from CNET

Tribune ends Sinclair merger bid and files suit over losses

Today, Tribune Media announced that it is no longer interested in Sinclair's $3.9 billion takeover. Furthermore, the company is filing suit against Sinclair for breach of contract, ...

Thu 9 Aug 18 from Engadget

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

Tribune Media has called off its planned sale of 42 TV stations to the Sinclair Broadcast Group, saying the nation's largest broadcast chain broke the rules in the process of seeking regulatory ...

Thu 9 Aug 18 from USA today

Tribune Media calls quits on its $3.9 billion merger with Sinclair

The deal would have created a local TV giant seeing Sinclair gaining access to nearly two-thirds of U.S. TV households. The deal would have created a local TV giant seeing Sinclair gaining access ...

Thu 9 Aug 18 from Fastcompany Tech

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