(Reuters) - Tribune Media Co (TRCO.N) has terminated its $3.9 billion deal to be bought by Sinclair Broadcast Group (SBGI.O), the company said on Thursday, after Federal Communications Commission Chairman Ajit Pai raised concerns about the acquisition.
FILE PHOTO: The tower of Tribune Broadcasting Los Angeles affiliate KTLA 5 is seen in Hollywood, Los Angeles, California, U.S., July 17, 2018. REUTERS/Lucy Nicholson/File Photo
Tribune also filed a lawsuit against Sinclair, alleging material breach of contract, the company said.
Reporting by Arjun Panchadar in Bengaluru; Editing by Saumyadeb Chakrabarty
