Tribune Media said on Thursday it has withdrawn from its $3.9 billion merger deal with Sinclair Broadcast Group Inc. and will sue its television rival for alleged breach of contract. Tribune’s withdrawal is a massive blow to Hunt Valley-based Sinclair, which has sought to get the deal approved for more than a year. The merger began to fall apart last month after the Federal Communications Commission approved designating the deal for a hearing in front of an administrative law judge and FCC Chairman…
from https://www.bizjournals.com/baltimore/news/2018/08/09/tribune-terminates-3-9b-merger-with-sinclair-sues.html?ana=RSS&s=article_search
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