Federal Communications Commission

Tribune Media pulls out of Sinclair Broadcast merger, sues Sinclair for $1 billion

Tribune Media pulls out of Sinclair Broadcast merger, sues Sinclair for $1 billion

Tribune Media Co. terminated its controversial merger deal with Sinclair Broadcast Group early Thursday and then sued its former partner for $1 billion, alleging breach of contract.

The decision ends Hunt Valley-based Sinclair’s more than year-long effort to establish a broadcasting juggernaut with national reach and its conservative bent.

"We are extremely disappointed that after 15 months of trying to close the Tribune transaction, we are instead announcing its termination," Chris Ripley, Sinclair’s president and CEO, said in a statement later Thursday.

Already the nation’s largest TV station owner, Sinclair agreed to buy Chicago-based Tribune and its 42...

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