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The attempted acquisition of Tribune Media by Sinclair Broadcast Group was a proposed broadcast media transaction between Sinclair Broadcast Group and Tribune Media. Formally announced on May 8, 2017, the $3.9 billion deal would have resulted in Sinclair owning—or having operational control over—stations available in 72% of all households ...
Tribune Media Company, also known as Tribune Company, was an American multimedia conglomerate headquartered in Chicago, Illinois.. Through Tribune Broadcasting, Tribune Media was one of the largest television broadcasting companies, owning 39 television stations across the United States and operating three additional stations through local marketing agreements.
It didn't take long for the rumors to come true. Sinclair Broadcast Group has confirmed that it's acquiring Tribune Media for $3.9 billion. The deal is the largest in Sinclair's history, and will ...
On November 14, 2018, after Tribune cancelled its proposed sale to Sinclair, it was reported that Nexstar was a leading bidder to acquire Tribune. [78] On December 3, 2018, Nexstar announced its intent to merge with Tribune Media for $6.4 billion ($4.1 billion for all of Tribune's shares in cash and $2.3 billion of Tribune's debt). [79]
Sinclair Broadcast Group Inc on Wednesday filed a counterclaim to a lawsuit by Tribune Media Co seeking $1 billion for what Tribune said was a breach of contract over a proposed merger.
Nexstar Media Group, which acquired Tribune Media in 2019 after a prior failed merger attempt with Sinclair Broadcast Group, [66] assumed operations of The CW on August 15, 2022, [67] and acquired a 75-percent ownership stake in The CW on October 3, 2022; former joint owners Paramount Global (successor to CBS Corporation) and Warner Bros ...
Tribune filed a lawsuit against Sinclair alleging material breach of contract 15 months after the merger was first announced. Tribune Media files suit, terminates Sinclair tie-up deal Skip to main ...
The merger added seven daily newspapers to Tribune's portfolio, including the Los Angeles Times, the Long Island-based Newsday, The Baltimore Sun, and the Hartford Courant. Tribune Media Net, the national advertising sales organization of Tribune Publishing, was established in 2000 to take advantage of the company's expanded scale and scope.