Deals

The Washington Post Sunday - - TAKING STOCK -

Sin­clair Broad­cast Group’s $3.9 bil­lion deal to ac­quire Tri­bune Me­dia marks the first in what’s ex­pected to be a frenzy of me­dia and tele­com deal­mak­ing un­der the looser reg­u­la­tory cli­mate of the Trump ad­min­is­tra­tion. The deal was made pos­si­ble by a rule change un­der Ajit Pai, the newly in­stalled chief of the U.S. Fed­eral Com­mu­ni­ca­tions Com­mis­sion. The new broad­cast­ing be­he­moth will have greater bar­gain­ing power over pay-TV dis­trib­u­tors and ma­jor broad­cast net­works, as well as the size to face down on­line com­peti­tors vy­ing for more of the lo­cal ad­ver­tis­ing pie. Cigna can walk away from its merger with An­them, a Delaware judge ruled al­most three months af­ter another court blocked the deal. The rul­ing means that An­them could be on the hook for $1.85 bil­lion in breakup fees and $13 bil­lion in dam­ages to Cigna, which ar­gued that its would-be part­ner re­fused to ac­knowl­edge that con­cerns about com­pe­ti­tion were in­sur­mount­able.

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