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| August 18, 2018

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Tribune Media terminates sale to Sinclair Broadcast Group, seeks $1 billion in damages

August 9, 2018 |

Sinclair Broadcast Group’s proposed $ 3.9-billion deal to acquire Tribune Media is dead.

Tribune announced Thursday that it is terminating the merger agreement. The companies had the option to kill the sale if it had not closed by Aug. 8. The deal was first announced in May 2017.

Tribune also said…


L.A. Times – Business

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

August 9, 2018 |

Tribune Media said Thursday that it would withdraw from its $ 3.9-billion merger with Sinclair Broadcast Group, adding that it would sue Sinclair for “breach of contract” over its failed negotiations with regulators over the deal.

The breakdown of the deal reflects a stunning reversal of fortunes…


L.A. Times – Business

Sinclair station sales risk new scrutiny as part of Tribune deal

July 4, 2018 |

Sinclair Broadcast Group Inc.’s bid to become a broadcasting powerhouse by purchasing Tribune Media Co. hinges on spinning off TV stations to comply with U.S. limits on broadcast ownership.

Yet its proposals to sell stations from Pennsylvania to California are drawing fresh scrutiny as critics,…


L.A. Times – Business