Crain's Chicago Business

Tribune Media, Sinclair suits reveal a reality-TV-style merger breakup

Corporate lawsuits are rarely riveting, but Tribune Media's $1 billion complaint against Sinclair Broadcasting is full of juicy details about an affair gone bad. Tribune Media pulled the plug in Aug in the proposed merger of the TV station operators after regulators signaled they would likely oppose it. The same day, Tribune filed a lawsuit in Delaware's state chancery court, blaming Sinclair for the failed deal.