It appears that at least some Tribune shareholders are trying to save the company from Sinclair.
Sean McEntire a Tribune Media shareholder has filed a class-action lawsuit seeking to halt the company's sale to Sinclair Broadcast Group.
McEntire is seeking class-action status in the lawsuit, filed in federal court in Chicago on Thursday.
The Chicago Tribune reports that McEntire accuses Tribune Media of giving stockholders incomplete and misleading information about the deal, including failing to provide portions of the companies' financial projections, the value of another bid for Tribune and other details of the process leading to the merger agreement, according to court records.
The deal, valued at $3.9 billion, was announced in May, pending approval from stockholders, the Federal Communications Commission and federal antitrust regulators.
Sinclair, already the largest station owner in the country, would pick up Tribune Media's 42 television stations, ending local ownership of Chicago's WGN TV and radio stations.
The combined company would own and operate 233 television stations in 108 markets, unless the FCC requires divestitures.
McEntire is asking the court to block Sinclair's purchase until Tribune shares the information he claims was withheld, or award damages if the deal goes through before the information is disclosed.
The lawsuit names Tribune Media and members of its board of directors as defendants.
A Tribune Media spokesman declined to comment.
Sinclair's Boris Epshtey did comment on the lawsuit, but his mouth was so full of bees, no one understood him.