Tribune Media terminates $3.9-billion sale to Sinclair Broadcast Group

Sinclair Broadcast Group’s proposed $3.9-billion deal to acquire of 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 it filed a breach-of-contract lawsuit against Sinclair in Delaware Chancery Court, claiming the company failed to live up to its commitment to make its best effort at getting regulatory approval of the sale.

Full Story @ Los Angeles Times


Do you appreciate our work? Please consider one of the following ways to sustain us.

MBFC Ad-Free 


MBFC Donation

Left vs. Right Bias: How we rate the bias of media sources

Found this insightful? Please consider sharing on your Social Media:

Subscribe With Email

Enter your email address to subscribe to MBFC and receive notifications of new posts by email.

Join 22.8K other subscribers

Be the first to comment on "Tribune Media terminates $3.9-billion sale to Sinclair Broadcast Group"


This site uses Akismet to reduce spam. Learn how your comment data is processed.