Wednesday, August 29, 2018

Sinclair fires back at Tribune with countersuit over failed acquisition

Sinclair Broadcast Group Inc. called its once acquisition target Tribune Media Co. “self-serving” in a lawsuit responding to a $1 billion lawsuit Tribune filed this month after its merger deal went south. Hunt Valley-based Sinclair was slated to buy Tribune for $3.9 billion until the Federal Communications Commission moved for a hearing on the deal in front of an administrative law judge after Chairman Ajit Pai raised “serious concerns.” Chicago-based Tribune subsequently pulled out of the sale…



from https://www.bizjournals.com/baltimore/news/2018/08/29/sinclair-fires-back-at-tribune-with-countersuit.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/177531715632

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