SaysWho? Posted July 24, 2018 Share Posted July 24, 2018 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. Quote Link to comment Share on other sites More sharing options...
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