Sinclair Responds to FCC Chairman’s Concerns About Tribune Acquisition

Jul 17, 2018  •  Post A Comment

After Federal Communications Commission Chairman Ajit Pai said Monday that he has “serious concerns” about Sinclair Broadcast Group’s $3.9 billion acquisition of Tribune Media, as we reported Monday, Sinclair said it was “shocked and disappointed” by word that Pai appears to be moving toward an administrative hearing on the deal.

In a statement, Sinclair said: “Although the actual Hearing Designation Order (HDO) has not yet been released, press reports indicate that a leaked version of the HDO suggests that Sinclair may have engaged in misrepresentation or lack of candor. To the extent that the HDO does in fact include any such allegations, we deny such allegations in the strongest possible manner.”

Sinclair also said: “While we understand that certain parties which oppose the transaction object to certain of the buyers based on such buyers’ relationships with Sinclair, a situation we are prepared to address if the FCC agrees with such views, at no time have we misled the FCC in any manner whatsoever with respect to the relationships or the structure of those relationships proposed as part of the Tribune acquisition. Any suggestion to the contrary is unfounded and without factual basis.”

The Sinclair statement can be read in full by clicking here.

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