Tribune Media Co.is on the hook for a $135 million breakup fee, according to the agreement reached a year ago.
The turnabout has ruined plans by the Smith family that controls Sinclair to buy more than 30 more TV stations from Chicago-based Tribune Media, to add to its current roster of more than 190 stations.
The announcement brings an end to a merger that was thought to have a staunch champion in FCC Chairman Ajit Pai, whose tenure had been marked by a deregulatory agenda that had cleared out restrictions against consolidation in the media industry. That would violate antitrust laws.
"In light of the FCC's unanimous decision, referring the issue of Sinclair's conduct for a hearing before an administrative law judge, our merger can not be completed within an acceptable timeframe, if ever", said Tribune Media CEO Peter Kern, in a statement. On Thursday, Kern said that any further delays would hurt his company - so the Tribune board chose to spike the deal. But constructing deals in such a way that would allow the company to maintain control or re-purchase them wasn't what Tribune had in mind.
Sinclair, one of the nation's largest owners of TV stations, has become a significant outlet for conservative perspectives. It announced plans a year ago to merge with Chicago-based Tribune, a deal that would have given Sinclair access to 72 percent of American households.
The deal was worth $3.9 billion for Tribune Media and would have added more than 40 stations including KTLA in Los Angeles, WPIX in NY and WGN-TV in Chicago to Sinclairs list of local affiliates.
At the time, President Donald Trump tweeted his support of the company. The operator of the WGN America network posted revenue of $489.4 million in the period, also beating expectations.
The pricing breaks down as follows: The first line on T-Mobile Essentials costs $60 per month, while the second costs $30. Currently, we dont know if T-Mobile Tuesdays and Music Freedom would be limited to T-Mobile ONE plans from now on.
Priyanka attended an tournament in Delhi lately and mentioned the potential of hard the established order and forging new paths. While it looks all smooth, we wonder why Priyanka chose to pull the act at the exit of the airport.
In the 24 years since the original PlayStation released in 1994, PlayStation systems have sold 525.3 million units worldwide. Each system will have a commemorative copper plate on its front with its limited edition serial number etched on.
Good news for cord-cutters: Roku is making its free Roku Channel streaming service available to anyone via the web. The Roku Channel is now the fifth-most popular streaming channel on the Roku platform based on active accounts.
But its previous attempt in 2006 at reaching India's burgeoning middle class fell foul of local regulations. After Hyderabad , Ikea's second store would be in Mumbai next year, followed by Bengaluru and Delhi-NCR.
The PGA Championship begins Thursday , and the last major of the offers another opportunity to try MajorsChallenge.com for free. If he can get the driver straightened out, it could be a good week for Day. "I needed that day off, " Woods said.
Thorner said Wells Fargo already debited the money from his account after he made the bank aware of the error. It looks pretty genuine and they are looking into it and I'm sure they'll feel pretty bad about it.
Georgian soldiers observe terrain near Gori, Georgia northwest of capital Tbilisi in a file image from 2008. Medvedev made the comment in an interview with the Kommersant Radio, Tanjug is reporting, citing TASS.
While Jones said he now believes the shooting was not a hoax, he said his earlier claims were protected under US free speech laws. Facebook removed four videos from the pages last week after determining that they violated its hate speech and bullying policies.
Argentine Senate rejects historic abortion law
Many women, majority poor, have risky and degrading abortions every year - and activists estimate 3,000 have died since 1983. After hours of debate, the Senate voted 38 to 31 against allowing legal abortions during the first 14 weeks of pregnancy.