Thursday, August 09, 2018

Sinclair Merger Officially Dead

Tribune Media officially ended the merger this morning, and did it with an exclamation point. From Adweek...

This comes after roughly 15 months of Sinclair revising of its local station divestiture plan in an effort to appease the federal government’s longtime concerns. But Tribune finally took matters into its own hands and walked away.

In addition to Tribune officially terminating the merger, the company has sued Sinclair for breach of contract. Tribune filed a lawsuit against Sinclair alleging the broadcast titan ‘engaged in unnecessarily aggressive and protracted negotiations with the Department of Justice and the FCC over regulatory requirements.’

On behalf of Chicago's two WGNs (TV & Radio), let me just say..."Whew!"