Sinclair Broadcast Group has answered Tribune’s lawsuit over their failed merger with a countersuit.
FCC chair Ajit Pai said he has issues with the proposed Sinclair-Tribune merger, raising a big cloud over the deal.
Broadcast station merger and acquisition activity totaled $5.11 billion in the second quarter of 2018, the biggest quarter since second quarter 2007, according to Kagan.
Merged company will have 165 ABC, NBC, CBS and Fox affiliates under its umbrella as well as more than 100 CW, MyNetwork and MeTV affiliates.
Gray Television announced today that it has reached an agreement to acquire the two television stations owned by Diversified Communications for $85 million.
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