Tribune Media Calls Off $3.9B Buyout By Sinclair

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NEW YORK (AP) – Tribune is withdrawing from its $3.9 billion buyout by Sinclair and it’s filing a lawsuit against it, citing breach of contract.
Tribune Media Co. would be on the hook for a $135 million breakup fee, according to the agreement reached last year.
(Photo by Win McNamee/Getty Images)
Sinclair Broadcast Group Inc. had offered to buy the Chicago company’s 42 TV stations and had agreed to get rid of stations in some markets to gain r