Sinclair Broadcast Group (NASDAQ:SBGI) and Nexstar Media Group (NASDAQ:NXST) have agreed to settle a lawsuit between Sinclair and Tribune Media (acquired by Nexstar in September).
They'll dismiss with prejudice the suit, which regarded the terminated merger plan between Sinclair and Tribune Media.
As part of the resolution, Sinclair will sell to Nexstar WDKY-TV (in the Lexington, Ky., DMA), and sell certain non-license assets tied to KGBT-TV in Harlingen, Texas.
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