Tribune Media ends merger deal with Sinclair, files suit

(Reuters) – Tribune Media Co (TRCO.N) terminated its $3.9 billion sale to Sinclair Broadcast Group (SBGI.O) on Thursday and sued Sinclair for breach of contract, claiming the rival TV-station owner mishandled efforts to get the transaction approved by taking too long and being too aggressive in its dealings with regulators. The collapse of the deal, hatched 15 months ago and backed by U.S. President Donald Trump, potentially ends Sinclair’s hopes of building a national Conservative-leaning TV powerhouse that might have rivaled Twenty-First Century Fox Inc’s (FOXA.O) Fox News.


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