The exchange was detailed in a lawsuit filed Thursday by Tribune, which said Sinclair had failed to win regulatory clearance in part because it had insulted U.S. officials and rejected their offers to clear the transaction. The acquisition of Tribune and its 42 television stations would have made Sinclair, already the owner of more U.S. TV stations than any other company, so large it would need to sell some outlets to meet regulatory requirements. In January, the Justice Department’s top antitrust official, Makan Delrahim, told the companies the department would approve the merger if Sinclair agreed to sell …read more
Source:: Yahoo Finance
