Sinclair Pays $60 Million to Settle Lawsuit

By Stephanie Tsoflias Siegel 

Sinclair has settled its lawsuit with Tribune.

Tribune, which is now owned by Nexstar, sued Sinclair over failure to close the deal to purchase Tribune.

In the settlement, according to the Securities and Exchange Commission, Sinclair will give Nexstar $60 million in cash and assets. Sinclair will transfer control of WDKY in the Lexington, Ky. market.


The lawsuit has been dismissed with prejudice. Both Sinclair and Nexstar said they settled the suit “to avoid costs, distraction and uncertainties of continued litigation.”