Jump to content

Latest FCC Vote Could Stall or End Sinclair-Tribune Merger


Recommended Posts

http://fortune.com/2018/07/23/fcc-vote-sinclair-tribune-merger/

 

Quote

The U.S. Federal Communications Commission voted Wednesday to refer Sinclair Broadcast Group to an administrative judge for a review of its planned $3.9 billion acquisition of rival Tribune Media, substantially lowering its chances for a positive outcome.

 

FCC chairman Ajit Pai proposed putting the deal under judicial review on July 16. The share prices of both companies have since fallen by double-digit percentage points.

 

Sinclair, already the largest TV station owner in America, has been criticized in the past for injecting conservative viewpoints into the news coverage of its 193 affiliate stations. A Tribune acquisition would increase its U.S. portfolio to 235 affiliates.

 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...