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Tribune pulls out of Sinclair deal

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Tribune Media Co. withdrew from a proposed $3.9 billion merger deal with Sinclair Broadcast Group Inc.

Tribune officials also filed a lawsuit seeking compensation for losses incurred as a result of “Sinclair’s material breaches” of the merger agreement.

The Federal Communications Commission last month sent the deal to a hearing after citing possible misrepresentations or lack of candor in some proposed station divestitures on the part of Sinclair.

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