Exclusive: Tribune Media in new sale talks after Sinclair deal collapse

Exclusive: Tribune Media in new sale talks after Sinclair deal collapse - sources

Liana B. Bakeruters) - U.S. TV station owner Tribune Media Co (TRCO.N) is kicking off a new round of talks to sell itself after its planned $3.9 billion sale to peer Sinclair Broadcast Group Inc (SBGI.O) failed to get regulatory clearance, people familiar with the matter said on Wednesday.

FILE PHOTO: The tower of Tribune Broadcasting Los Angeles affiliate KTLA 5 is seen in Hollywood, Los Angeles, California, U.S., July 17, 2018. REUTERS/Lucy Nicholson/File Photo

Tribune terminated its deal with Sinclair last month, and filed a lawsuit arguing that the latter mishandled efforts to get the transaction approved by taking too long and being too aggressive in its dealings with regulators.