Hexbyte  Tech News  Wired The Sinclair/Tribune Merger Is Dead. Here’s Why That Matters

Hexbyte Tech News Wired The Sinclair/Tribune Merger Is Dead. Here’s Why That Matters

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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…

Hexbyte  Tech News  Wired Why Sinclair’s Bid to Buy the Tribune Company Might Die

Hexbyte Tech News Wired Why Sinclair’s Bid to Buy the Tribune Company Might Die

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Sinclair Broadcasting’s proposed $3.9 billion takeover of Tribune Media, which would have expanded the conservative media company’s footprint to nearly three-fourths of American households, suddenly appears in trouble. Today, Federal Communications Commission chair Ajit Pai effectively came out against the acquisition by proposing to refer it to a hearing with a judge. In theory, the…