Shareholder files lawsuit to block Tribune Media's sale to Sinclair

A Tribune Media shareholder has filed a class-action lawsuit seeking to halt the company's sale to Sinclair Broadcast Group. The shareholder, Sean McEntire, is seeking class-action status in the lawsuit, filed in federal court in Chicago. McEntire accuses Chicago-based Tribune Media of giving stockholders incomplete and misleading information about the deal, including failing to provide portions of the companies' financial projections, the value of another bid for Tribune Media and other details of the process leading to the merger agreement. McEntire is asking the court to block Sinclair's purchase until Tribune Media shares the information he claims was withheld, or award damages if the deal goes through before the information is disclosed.