Tribune files $1B suit against Sinclair as deal scrapped

Updated at 10:18 a.m.

TRIBUNE MEDIA has withdrawn from a planned merger with Broadcast Group following scrutiny from federal regulators. / BLOOMBERG NEWS FILE PHOTO/JONATHAN HANSON
NEW YORK -Sinclair Broadcast Group Inc.’s bid to become a nationwide powerhouse collapsed as Tribune Media Co. withdrew from a planned merger that drew the ire of federal regulators and filed a $1 billion lawsuit. Tribune announced its withdrawal from the $3.9 billion transaction in a emailed statement Thursday, three weeks after regulators questioned Sinclair’s…
To read the full story, Subscribe or
Subscribe to PBN
- Advertisement -