Tribune Media walked away Thursday from its $3.9 billion merger with the conservative Sinclair Broadcast Group, which counts President Trump among its fans, and is suing its one-time suitor for breach of contract.
According to Tribune, Sinclair used “unnecessarily aggressive and protracted negotiations” with federal agencies concerning regulatory requirements, and didn’t cooperate with the Justice Department’s request to sell off some stations in order to receive approval. Tribune is seeking $1 billion in damages in Delaware Chancery Court.
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