Tribune Media (TRCO) Tops Q2 EPS by 35c

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Tribune Media Terminates Merger Agreement with Sinclair Broadcast Group, Inc.; Files Lawsuit For Breach of Contract

August 9, 2018 6:25 AM EDT

NEW YORK, Aug. 9, 2018 /PRNewswire/ -- Tribune Media Company (NYSE: TRCO) (the "Company") today announced that it has terminated its merger agreement (the "Merger Agreement") with Sinclair Broadcast Group, Inc. ("Sinclair"), and that it has filed a lawsuit in the Delaware Chancery Court against Sinclair for breach of contract. The lawsuit seeks compensation for all losses incurred as a result of Sinclair's material breaches of the Merger Agreement. A copy of the lawsuit will be posted on the Tribune Media website,... More