Tribune Media Terminates Deal To Be Bought By Sinclair

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Tribune Media Terminates Deal To Be Bought By Sinclair

– Tribune Media Co (TRCO.N) has terminated its $3.9 billion deal to be bought by Sinclair Broadcast Group (SBGI.O), the company said on Thursday, after Federal Communications Commission Chairman Ajit Pai raised concerns about the acquisition.

Tribune also filed a lawsuit against Sinclair, alleging material breach of contract, the company said.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Saumyadeb Chakrabarty)

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