Justice Department (DOJ) to sell some television stations as a condition of approval for its US$3.9 billion Tribune Media acquisition.
According to The New York Post, the DOJ is asking Sinclair to sell off 13 Tribune stations as part of the deal. Sinclair is reportedly working on getting that number down to 10. The report also said that Sinclair has already received offers for the stations from Nexstar Media and Tegna, the two largest television broadcast groups in the US besides Sinclair and Tribune. Meredith has also reportedly submitted bids for the stations.
Sinclair will be buying Tribune’s 42 television stations in 33 markets, cable network WGN America, digital multicast network Antenna TV and a minority stake in Food Network.
Sinclair believes its biggest regulatory hurdle in buying Tribune Media is at the DOJ and not the Federal Communications Commission, sources said.
“Sinclair has sale books out and has bids in for Tribune stations” it might need to sell, a source said, “and is just waiting for government direction.”
Full Content: New York Post
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Chilean Lithium Deal Advances, Eyes Finalization This Year
Apr 24, 2025 by
CPI
South Dakota Reaches Settlement With NCAA Ahead of Antitrust Payout Approval
Apr 23, 2025 by
CPI
Judge Allows Yelp’s Antitrust Lawsuit Against Google to Proceed
Apr 23, 2025 by
CPI
Meta Lawyers Try to Undercut Instagram Co-Founder’s Damaging Testimony
Apr 23, 2025 by
CPI
Tyson Foods, Others Settle Pork Price-Fixing Suit for $64 Million
Apr 23, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Mergers in Digital Markets
Apr 21, 2025 by
CPI
Catching a Killer? Six “Genetic Markers” to Assess Nascent Competitor Acquisitions
Apr 21, 2025 by
John Taladay & Christine Ryu-Naya
Digital Decoded: Is There More Scope for Digital Mergers In 2025?
Apr 21, 2025 by
Colin Raftery, Michele Davis, Sarah Jensen & Martin Dickson
AI In the Mix – An Ever-Evolving Approach to Jurisdiction Over Digital Mergers in Europe
Apr 21, 2025 by
Ingrid Vandenborre & Ketevan Zukakishvili
Antitrust Enforcement Errors Due to a Failure to Understand Organizational Capabilities and Dynamic Competition
Apr 21, 2025 by
Magdalena Kuyterink & David J. Teece