"Accordingly, we have exercised our right to terminate the Merger Agreement, and, by way of our lawsuit, intend to hold Sinclair accountable".
Tribune Media is withdrawing from its $3.9 billion buyout by Sinclair and it's filing a lawsuit against it, citing breach of contract.
In the lawsuit filed Thursday in Delaware Chancery Court, Tribune Media alleges Sinclair breached its contractual obligations "in spectacular fashion" in a bid to maintain control of WGN-TV and other stations. Sinclair also refused to sell certain stations that would have helped the deal secure regulatory approval, Tribune claimed in a news release.
Public Knowledge, an advocacy group that has been critical of the FCC under Pai, has been against a tie up between Sinclair and Tribune from the start.
According to Tribune, Sinclair's entire course of conduct has been in blatant violation of the merger agreement and without Sinclair's actions the transaction could have closed long ago.
"This uncertainty and delay would be detrimental to our company and our shareholders". The deal may also have hit a roadblock with the Justice Department, which reportedly was investigating whether Sinclair and Tribune violated antitrust laws by coordinating TV ad sales efforts in advance of the proposed merger. Tribune is seeking an amount "including but not limited to approximately $1 billion of lost premium to Tribune's stockholders and additional damages in an amount to be proven at trial".
"While what has apparently killed this deal was Sinclair's pattern of deception at the FCC - a fact that should affect its future dealings at the Commission - the deal was bad on its own merits, and this latest development is good for consumers", said Phillip Berenbroick, senior policy counsel at the organization.
The deal could still come back together but for now, it looks to be dead. "But we expect more efforts from the media titans in the future to tighten their grip on the information marketplace".
Tribune Media is a parent company of WGN-TV.
"Tribune's decision to pull the plug on the Sinclair merger is great news for consumers who will avoid paying the higher pay-TV rates the deal would have caused", ACA CEO Matthew Polka said. "Broadcasters are supposed to serve their local communities".
Some context for the above tweet, this isn't the first iconic "blue" character from the 90s that Schwartz has voiced. The Sonic movie is being directed by Jeff Fowler, whose 2005 animated movie Gopher Broke was nominated for an Oscar.
Former Liverpool midfielder, Danny Murphy has predicted the Premier League clubs that will finish in the top-four this season. Alexis Sanchez sees Manchester United's Premier League opener against Leicester on Friday as a "must-win" game.
The gap widens with time: By five years after a heart attack nearly half of women die, compared with 36 percent of men. Female doctors may also simply be performing at least some parts of the job better than their male counterparts do.
But Infowars and Jones have long peddled conspiracy theories , including that the Sandy Hook school shooting in 2012 was a hoax. On Monday, Apple announced it had removed hundreds of podcasts produced by InfoWars from its iTunes and podcast apps .
It is a surprisingly low engagement rate, though Amazon did sell in the neighborhood of 50 million Alexa devices . The introduction of Amazon Alexa helps us find this balance, - said the President Seat Luca de MEO.
The European Tour have apologised after Tommy Fleetwood's Open winnings of nearly £120,000 were sent to the wrong Tommy Fleetwood. And the latter Fleetwood's account is apparently where the former Fleetwood's British Open winnings were deposited.
As the part of the contract, Mateo Kovacic, midfielder of the Spanish powerhouse, will join the blues on a season-long loan. Courtois, 26, will cost the Spanish giants around £35m and he'll pen a six-year contract at the Bernabeu.
Manchester United are prepared to make a last ditch attempt to sign Atletico Madrid defender Diego Godin, report SkySports . The 32-year-old has plied his trade in the Spanish capital since 2010 following a switch from Villarreal.
But some evacuees have complained of being ignored or experiencing long delays for supplies to arrive at shelters. Authorities are still searching through the rubble left behind on Lombok Island, still hoping to find survivors.
It seems PeeCee is dogged by such rumours and has finally opened up about how much about her life she permits to be public. If such an event is taking place, I'd love to celebrate with her because she is lovely and she deserves all the happiness.
Takeaways from Day 7 of the Manafort Trial
Both Gates and Manafort were indicted last October by a federal grand jury on 12 charges, including conspiracy against the U.S. Prosecutors have noted that Gates and Manafort were not the targets of the investigation at the time of the interview.
Khalil Mack Holdout "Mystifying To Many In The Organization"
First, it is important to highlight what the cost to acquire Khalil Mack would be if the Raiders were intent on trading him. Remember, Cooper shares an agent with Mack, so we should probably be prepared for another offseason merry-go-round in 2019.
Death toll in Indonesia earthquake rises to 91
Immediately after the first shock, the authorities issued a warning about the possibility of a tsunami , which was later canceled. Chrissy Teigen who is vacationing in nearby Bali witnessed the natural disaster first hand from relatively safe distance.
Samsung Galaxy Note 9 launch live
Last year, the Galaxy Note 8 started at $930 and smashed through the psychological barrier of $1,000 in its top configuration. Samsung is about to launch its highly-anticipated Galaxy Note 9, the latest phone in its premium smartphone range.
Tourist racks up $64k in speeding fines in Dubai
Normally, the fees are charged to the registered owner of the auto , which would be Ibrahim, as the driver was a tourist. The man rented a DH1.3 million worth Lamborghini , which he drove at the reckless speed of 240kmph on Sheikh Zayed Road.
Transfer: Arsenal finally accept £4.4m offer for striker
Perez previously played with Wilshere at Arsenal and the duo look set to reunite at the London Stadium for the new season. He then added: " West Ham keeps him in London and in the Premier League , and they are a great club".