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"Although the agency is under no obligation to protect its

May 12, 2018 by Lena Webb

"Although the agency is under no obligation to protect its employees, the Commission has concluded that the Commission is unable to protect the employees from a material breach of the merger agreement," said FCC Commissioner Thomas Perez in a statement. "In the event that Sinclair terminates or removes its employee, then the Commission will have no choice but to take action to protect its employees against a material breach of the merger agreement and, if necessary, to terminate or remove Sinclair from the FCC."

"We're delighted that the Commission will allow this to happen, but we're hopeful that we can make it happen with the support of lawmakers and other stakeholders," Perez said.

Tribune Media said it has agreed to settle for $4 million in cash and stock awards. The company has not yet reached a final settlement.

Tribune Media owns 1.5 million acres in the Delaware Chancery District and has a total of 40,000 customers in Delaware. It operates at its headquarters in the Delaware Valley.

Tribune Media's former parent, Sinclair Broadcast Group, was acquired by Tribune Media in 1995.

Tribune Media is owned by The Hill, whose chief executives have a combined net worth of $9.1 billion and its board has an aggregate equity of $1.3 billion.