Feder: Sinclair settles Tribune Media lawsuit for $60 million
Posted January 28, 2020 12:00 am
Sinclair Broadcast Group has finally closed the book on its bungled attempt to take over Tribune Media, Robert Feder writes.
In 2017 Sinclair sought to buy Tribune Media's 42 television stations and other properties for $3.9 billion before the deal ran afoul of the FCC for what was called "misrepresentation and/or lack of candor."
The Chicago-based parent company of WGN-Channel 9 and WGN 720-AM eventually was acquired by Nexstar Media Group, but a breach of contract lawsuit Tribune Media filed against Sinclair remained in effect.
In a settlement announced Monday, Sinclair will pay Nexstar $60 million and transfer control of WDKY, a TV station in Lexington, Kentucky.
Get the full report, and more Chicago media news, at robertfeder.com.
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