- The Justice Dept. is giving approval to the elaborate divestiture package that Sinclair Broadcast Group (SBGI +8.1%) has put together to win approval of its acquisition of Tribune Media (TRCO +3.8%), according to dealReporter.
- One source amplified that likelihood, saying it wouldn't make sense for Sinclair to put out the details of the package unless it had gotten the DOJ's blessing. (h/t Bloomberg)
- Sinclair expects it can move on to FCC approval "very shortly" considering the DOJ may not be waiting on a D.C. Circuit Court decision to move forward on the deal.
- Previously: Sinclair Broadcast selling seven stations to Fox in $910M deal (May. 09 2018)