Sinclair Broadcast Group files countersuit against Tribune Media over failed merger

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Sinclair Broadcast Group filed a countersuit in an escalating legal battle with Tribune Media, after the two companies' proposed merger fell apart this month under federal scrutiny. The counterclaim maintains that Sinclair “pushed hard" to secure regulatory approval for the proposed tie-up and called Tribune’s subsequent attempt to distance itself from Sinclair “self-serving.” Sinclair is asking a Delaware court to find that it was Tribune that broke the terms of the merger agreement. “Tribune, through its meritless lawsuit, is seeking to capitalize on an unfavorable and unexpected reaction from the Federal Communications Commission to capture a windfall for Tribune,” said Sinclair chief executive Chris Ripley. Sinclair’s filing comes weeks after Tribune sued Sinclair for breach of contract, alleging that Sinclair’s dealings with regulators charged with reviewing the deal were marked by “belligerent and unnecessarily protracted negotiations." Tribune is seeking damages of $1 billion in the suit.


Sinclair Broadcast Group files countersuit against Tribune Media over failed merger Sinclair Countersues Tribune Over Failed Merger Attempt (B&C)