Justin L. Mack Indianapolis Star Published 3:13 p.m. UTC Aug 9, 2018 A plan for the parent company of Fox59 and CBS4 to be sold to Sinclair Broadcast Group for $3.9 billion is no more, and a federal lawsuit seeking payment from Sinclair for money lost during merger talks has been filed. Chicago-based Tribune Media this week called off the sale of 42 TV stations to the broadcast giant, stating that Sinclair breached its contract by misleading regulators during the transaction's approval process. Tribune said Thursday it filed a lawsuit against Sinclair seeking payment for losses during discussions. The deal, announced in May 2017, would have given Sinclair a total of 215 TV stations and a reach of 71 percent of U.S. homes. Red Line becoming reality: Indianapolis Red Line construction causes Meridian Street lane restrictionsWhat you need to know: Joel Osteen in Indianapolis: Why the televangelist is so beloved and controversial In July, the Federal … [Read more...] about Parent company of Fox59, CBS4 no longer selling to Sinclair Broadcast Group
Sinclair broadcasting group
NEW YORK, July 27, 2018 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Sinclair Broadcast Group, Inc. (“Sinclair” or the “Company”) (NASDAQ: SBGI). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980. The investigation concerns whether Sinclair and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here to join a class action] On July 26, 2018, post-market, the Wall Street Journal reported that the U.S. Department of Justice is investigating whether Sinclair, Tribune Media Company, and other independent television station owners had violated antitrust law by “coordinat[ing] efforts when their ad sales teams communicated with each other about their performance, potentially leading to higher rates for TV commercials”. On this news, Sinclair’s … [Read more...] about SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sinclair Broadcast Group, Inc.
NEW YORK, July 26, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces it has commenced an investigation of Sinclair Broadcast Group, Inc. (“Sinclair” or “the Company”) (NASDAQGS:SBGI) concerning possible violations of federal securities laws. On May 8, 2017, Sinclair announced it had entered into an agreement to acquire 100% of the issued and outstanding shares of Tribune Media Company (NYSE:TRCO). On August 3, 2017, Sinclair filed a Form 8-K with the U.S. Securities and Exchange Commission disclosing that the U.S. Department of Justice had requested additional information and documentary material pertaining to the agreement. The investigation concerns whether Sinclair made materially false and misleading statements or failed to disclose material information pertaining to the purchase of Tribune shares. To obtain additional information, go to: http://www.zlk.com/pslra-d/sinclair-broadcast-group-inc or contact Joseph E. Levi, Esq. either via email at … [Read more...] about INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of Sinclair Broadcast Group, Inc.
Sinclair Broadcast Group — seeking government approval to acquire Tribune Media and its 42 television stations — has agreed to sell seven of those Tribune-owned stations to 21st Century Fox’s TV ownership group, the companies announced Wednesday.Fox agreed to pay $910 million for the stations, five of which are in markets with NFL teams. Fox recently expanded its rights deal with the NFL to carry Thursday night prime-time games.Fox is depending on live sports to be the centerpiece of its broadcast TV operations after it sells its entertainment production studios and cable networks. It has agreed to make that sale to Walt Disney Co. for $52.4 billion, although Comcast has been exploring a bid that would eclipse Disney’s offer, according to two people close to the situation who were not authorized to comment.The deal with Sinclair shows Fox is proceeding with its plans for the network and its station group.“This transaction illustrates Fox’s commitment … [Read more...] about Sinclair Broadcast Group agrees to sell seven TV stations to Fox
Deal expands Fox's local TV coverage to reach nearly half of all U.S. households Thom Geier, provided by Published 4:49 am, Wednesday, May 9, 2018 Image 1of/1 CaptionClose Image 1 of 1 21st Century Fox to Buy 7 TV Stations From Sinclair Broadcast Group for $910 Million 1 / 1 Back to Gallery 21st Century Fox today announced Wednesday it would buy seven television stations from Sinclair Broadcast Group and Tribune Media for about $910 million. The deal will increase Fox Television Stations’ (FTS) coverage to nearly half of all U.S. households, and its market presence to 19 of the top 20 DMAs, including the addition of key markets that align with Fox’s sports rights. Under the deal, Fox would pick up stations in Seattle, Miami, Denver, Cleveland, Sacramento, San Diego and Salt Lake City. All but Miami is affiliated with the Fox broadcast network; Miami’s WSFL is a CW station. Also Read: Sinclair Sells Off 9 TV Stations to … [Read more...] about 21st Century Fox to Buy 7 TV Stations From Sinclair Broadcast Group for $910 Million