Tribune withdraws from Sinclair merger, files $1 billion lawsuit

Tribune Media Co. announced Thursday that it’s withdrawing from its planned $3.9 billion merger with Sinclair Broadcast Group Inc.

Tribune also filed a $1 billion lawsuit against Sinclair, alleging material breach of contract.

The deal, first announced by Sinclair in May 2017, would have involved multiple broadcast stations in Missouri and hundreds across the country.

Last month, the Federal Communications Commission said Sinclair had not fully disclosed all the facts about the merger, and FCC Chairman Ajit Pai criticized the deal, saying he had concerns over certain Sinclair divestment deals.

Sinclair’s properties in Missouri include KBSI Fox 23 and WDKA 49, in Cape Girardeau; KCRG CBS 13, in mid-Missouri; KHQA CBS 7, in Hannibal; KTVO ABC 3, in Kirksville; and KDNL ABC 30, in St. Louis.

Tribune Media owns 42 stations, including KTVI Fox 2 and KPLR CW 11, in St. Louis, and WDAF Fox 4, in Kansas City.

Read more: Bloomberg, St. Louis Post-Dispatch

Tags:, , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students