The Sinclair-Tribune mega-merger appears to be dead.
'In light of the FCC's unanimous decision, referring the issue of Sinclair's conduct for a hearing before an administrative law judge, our merger can not be completed within an acceptable time frame, if ever, ' said Tribune Media Chief Executive Officer Peter Kern.
The deal's termination, which scuppers Sinclair's efforts to dramatically expand, comes after criticism by Democrats and public advocacy groups over whether the merger was in the public interest. "Accordingly, we have exercised our right to terminate the Merger Agreement, and, by way of our lawsuit, intend to hold Sinclair accountable".
"In an effort to maintain control over stations it was obligated to sell if advisable to obtain regulatory clearance, Sinclair engaged in belligerent and unnecessarily protracted negations with DOJ and the FCC over regulator requirements... all in the service of Sinclair's self-interest and in derogation of its contractual obligations", the suit alleges.
The deal was worth $3.9 billion for Tribune Media and would have added more than 40 stations including KTLA in Los Angeles, WPIX in NY and WGN-TV in Chicago to Sinclairs list of local affiliates. By one estimate, the combined company would have owned stations in almost 3 out of 4 USA households, controlling an enormous amount of the content Americans see on local stations. The so-called sidecar agreement would have kept Sinclair essentially in charge of the Chicago station, with an option to buy it back for the same price within eight years. "As elaborated in the complaint we filed earlier today, Sinclair's entire course of conduct has been in blatant violation of the merger agreement and, but for Sinclair's actions, the transaction could have closed long ago".
The FCC did not immediately comment on Thursday.
Tribune general counsel, Eddie Lazarus, told analysts on the same call the company was seeking a "large number" in damages from Sinclair. Sinclair defended the script as a way to distinguish its news shows from unreliable stories on social media.
The FCC raised questions after Sinclair had proposed to sell WGN to Maryland auto dealer Steven Fader, a longtime business associate of Sinclair Executive Chairman David Smith, as Sinclair would largely continue to operate the station under a services agreement. And the sales allegedly had strings attached that would allow Sinclair to retain significant control over the stations' operations and programming.
This is the largest yet on a Samsung flagship and it's 700mAh more than the Galaxy Note8 and 500mAh more than the Galaxy S9 +. Although Samsung is now selling the Note 8 for £769 on its website , Express.co.uk found the phablet on Amazon for £588.99.
A dead fetus reportedly was found Tuesday morning onboard an out-of-service American Airlines plane in New York City . After arriving in NY late Monday, the plane had been parked in a hangar overnight, and the fetus went undiscovered.
There have also been some celebrities who've gotten in on the fun, including R&B singer John Legend and filmmaker Matthew A. Barack Obama was the first Black American man to hold the position of President of the United States.
Diplomatic channels and trade negotiations were suspended last week, and some flights from Saudi Arabia to Canada halted. The kingdom has suspended educational exchanges with Canada and moved Saudi scholars to other countries.
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In a city desperate for a savior, Kate must overcome her own demons before embracing the call to be Gotham's symbol of hope. Adding to that, DC Comics describes her as having "self-destructive tendencies when it comes to personal relationships".
The West Nile virus has been found in mosquitoes in Peoria County, the Peoria City/County Health Department reported Tuesday. Health unit staff recommend the usual precautions against mosquito bites as the best defence against contracting the virus.
I've analysed what is best for me so I consider the opportunity presented to me in signing for Chelsea is the best for my future. The Belgium goalkeeper was the victor of the Golden Glove award at the Russian Federation 2018 Fifa World Cup.
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Iran to North Korea: US Can't Be Trusted
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Jerome Boateng rejects Manchester United move
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Ford's buck-a-beer plan likely to cost LCBO revenue
It was hard for us to make beer anywhere less than $2 per short can in costs alone", he said in an open letter to the government. Barley Days Brewery General Manager Kyle Baldwin says they hope to be offering a case of 24 beers for $24 soon.
Spanish paedophile jailed in Germany for 'buying' boy online
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