Tribune/Sinclair deal is dead. Tribune sues

Last edited Thu Aug 9, 2018, 01:20 PM - Edit history (1)

https://money.cnn.com/2018/08/09/media/tribune-sinclair/index.html

The Sinclair Broadcast Group acquisition of Tribune Media is dead.
Tribune said in a statement Thursday that it has terminated its merger agreement with Sinclair, scuttling a $3.9 billion deal that would have given the broadcasting group an even broader reach into American living rooms. It's also suing Sinclair for breach of contract.
The breakup of the deal is a stinging defeat for Sinclair (SBGI), owner of dozens of local television stations. Sinclair has been scrutinized for its ties to the Trump administration.


Good news!