August 9, 2018 / 10:40 AM / 10 days ago

Tribune Media terminates deal to be bought by Sinclair

Aug 9 (Reuters) - Tribune Media Co has terminated its $3.9 billion deal to be bought by Sinclair Broadcast Group , the company said on Thursday, after Federal Communications Commission Chairman Ajit Pai raised concerns about the acquisition.

Tribune also filed a lawsuit against Sinclair, alleging material breach of contract, the company said. (Reporting by Arjun Panchadar in Bengaluru Editing by Saumyadeb Chakrabarty)

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