Trump-backed Sinclair media deal goes down in flames as Tribune backs out
Raw Story -

Tribune Media Co has terminated its $3.9 billion deal to be bought by Sinclair Broadcast Group, the company said on Thursday, after regulators objected to the acquisition that had received support from U.S. President Donald Trump. Tribune also filed a lawsuit against Sinclair, alleging material breach of contract, the company said. “To maintain control over stations it was obligated to sell, Sinclair engaged in unnecessarily aggressive and protracted negotiations with the Department of Justice...

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