Tribune files a breach of contract suit against Sinclair.
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 reviewed the merger over its potential 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.
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