Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits. Anti-spam check. Do not fill this in!===Aborted acquisition by Sinclair Broadcast Group and resale to Standard Media Group=== On May 8, 2017, Hunt Valley, Maryland-based Sinclair Broadcast Group – which has owned primary CBS/subchannel-only CW affiliate WWMT (channel 3) since 2012 – entered into an agreement to acquire Tribune Media for $3.9 billion, plus the assumption of $2.7 billion in debt held by Tribune. Sinclair was precluded from acquiring WXMI directly, as WXMI and WWMT rank among the four highest-rated stations in the Grand Rapids–Kalamazoo–Battle Creek market in total day viewership (had this not have been the scenario and Kalamazoo-based ABC affiliate WOTV [channel 41]'s total day viewership resulted in one of the stations ranking fifth at the time of the decision, Sinclair could have legally acquired both stations). On April 24, 2018, in an amendment to the Tribune acquisition through which it proposed the sale of certain stations to both independent and affiliated third-party companies to curry the DOJ's approval, Sinclair announced that it would sell KDSM and eight other stations – Sinclair-operated KOKH-TV in Oklahoma City, WRLH-TV in Richmond, KDSM-TV in Des Moines, WOLF-TV (along with LMA partners WSWB and WQMY) in Scranton/Wilkes-Barre and WXLV-TV in Greensboro/Winston-Salem/High Point, and Tribune-owned and WXMI in Grand Rapids – to Standard Media Group (an independent broadcast holding company formed by private equity firm Standard General to assume ownership of and absolve ownership conflicts involving the aforementioned stations) for $441.1 million. Three weeks after the FCC's July 18 vote to have the deal reviewed by an administrative law judge amid "serious concerns" about Sinclair's forthrightness in its applications to sell certain conflict properties, on August 9, 2018, Tribune announced it would terminate the Sinclair deal, intending to seek other M&A opportunities. Tribune also filed a breach of contract lawsuit in the Delaware Chancery Court, alleging that Sinclair engaged in protracted negotiations with the FCC and the DOJ over regulatory issues, refused to sell stations in markets where it already had properties, and proposed divestitures to parties with ties to Sinclair executive chair David D. Smith that were rejected or highly subject to rejection to maintain control over stations it was required to sell. As the Standard Media purchase was predicated on the closure of the Sinclair–Tribune merger, the termination of the Sinclair sale agreement likely will also cause the sale of WXMI and the six other Tribune- and Sinclair-operated stations to Standard not being completed, with WXMI and WPMT remaining under Tribune ownership. Summary: Please note that all contributions to the TV Stations Wikia are considered to be released under the CC-BY-SA Cancel Editing help (opens in new window) Retrieved from "https://tvstations.fandom.com/wiki/WXMI"