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Tribune Hit With $564M Stock-Drop Suit Over Sinclair Buyout

By Dorothy Atkins ( September 10, 2018, 9:35 PM EDT) -- A private equity firm hit Tribune Media with a putative class action in Illinois federal court Monday, claiming its top brass cost investors $564 million by failing to disclose that Sinclair Broadcasting had refused federal regulators' request to divest certain television stations, causing a $3.9 billion merger to fall through....

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