Missouri Minute: Tribune cuts cord on Sinclair deal; SLU reports record fundraising haul

Here are today’s top headlines from across Missouri:

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 would have involved multiple broadcast stations in Missouri and hundreds across the country. Read more

SLU notches record $98.7 million fundraising haul for year

By Rashi Shrivastava
St. Louis University announced Thursday that it raised a record $98.7 million during its 2018 fiscal year, which ended June 30. That surpassed the $65 million SLU raised in fiscal 2006 as the largest fundraising haul in the university’s 200-year history, the school said. Read more

St. Louis Fed report shows decline in farming income, loan repayment

By Annika Merrilees
Farm income and loan repayment have declined across a seven-state region that includes most of Missouri, according to a second-quarter report published Thursday by the Federal Reserve Bank of St. Louis. The report asked agricultural banks whether they saw a decline in farm income compared to the same period a year ago. For the 18th consecutive quarter, respondents on net reported a decline. Read more

Flyover Capital portfolio company Agrible acquired for $63 million

Kansas City-based Flyover Capital on Thursday announced the $63 million sale of one of its portfolio firms, Agrible, to a Colorado fertilizer company. Agrible, an ag-tech company based in Illinois, created a platform that includes a variety of farmer advisory tools and predictive analytics. This is Flyover Capital’s second sale since launching in 2014. Read more

Dog food ingredient scheme produces another guilty plea

Another guilty plea was filed Thursday in U.S. District Court in St. Louis in an ongoing case over mislabeled dog food. According to pleas in the case, shipments that were supposed to contain premium turkey meal actually contained an assortment of low-grade parts including feathers, bones and entrails. Read more

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