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A merger that would have given a conservative broadcasting company access to 73 percent of US households is now officially dead. Today, the Tribune Media Company announced that it has terminated its $3.9 billion merger agreement with Sinclair Broadcast Group, and is now suing Sinclair for $1 billion for breach of contract.
Last month the Federal Communications Commission unanimously decided not to approve the merger, which was first announced in May 2017 after the agency loosened its media ownership rules. The FCC decided to refer the case to an administrative law judge, essentially dooming the deal.