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PostPosted: Thu Aug 09, 2018 12:46 pm 
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Tribune withdraws from Sinclair merger, sues for $1 billion in damages over ‘breach of contract’

Tribune Media said Thursday that it would terminate its proposed merger with Sinclair Broadcast Group, while announcing a $1 billion lawsuit against the conservative television giant on grounds that it engaged in “misconduct” and precluded the U.S. government from approving the deal.

In the lawsuit, Tribune accused Sinclair of engaging in "belligerent and unnecessarily protracted negotiations” with the FCC as well as the Justice Department, which had reviewed the merger for its effects on competition. By failing to divest television stations as regulators recommended, Tribune said Sinclair had “breached” the companies' merger agreement, which required them to make their best efforts to secure federal approval.

https://www.washingtonpost.com/technolo ... 7f3d177ce1


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