June 3, 2023

Tribune cancels $3.9 billion Sinclair merger, sues media rival

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From Newsmax Sinclair Broadcast Group Inc.’s bid to become a nationwide powerhouse collapsed as Tribune Media Co. withdrew from a planned merger that drew the ire of federal regulators. Tribune announced its withdrawal from the $3.9 billion transaction in a emailed statement Thursday, three weeks after regulators questioned Sinclair’s honesty. Tribune said it has filed […]