CHICAGO –(ENEWSPF)—August 9, 2018
By: Rosemary Piser
Senator Durbin (D-IL) today released the following statement after Tribune Media Company (Tribune) announced it was withdrawing from its $3.9 billion proposed mega-merger with Sinclair Broadcast Group (Sinclair):
From day one, the proposed acquisition of the Tribune Media Company by the Sinclair Broadcast Group was not in the interest of the American people. It threatened diversity and localism in broadcasting, it ignored the unique concerns and interests of local audiences, and it would have harmed competition. Because of the hard work of so many constituents who were sounding the alarm on this mega-merger, the deal is finally dead.
If approved and completed, the merged Sinclair-Tribune company would have owned or operated 233 stations nationwide and reached 72 percent of U.S. TV households—making it the nation’s largest television broadcast company.