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Report: DOJ approving Sinclair-Tribune divestitures for deal

May 09, 2018 3:08 PM ETSinclair, Inc. (SBGI) StockSBGI, TRCOBy: Jason Aycock, SA News Editor1 Comment
  • 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)

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