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Reuters

Sinclair Shifts Strategy in Effort to Salvage Tribune Deal

Jul 18, 2018  •  Post A Comment

After running into resistance against its Tribune Media acquisition in the FCC, Sinclair Broadcast Group said today it will shift its plans. Reuters reports that the company “will drop plans to divest stations in Dallas, Chicago and Houston to ‘expedite’ the transaction after the FCC suggested that under its plan the company would still control the stations.”

“It is not clear if the last-ditch effort will be enough to sway regulators, who also raised concerns about whether Sinclair has misled the government,” Reuters adds. “The Justice Department is also still reviewing the deal and the FCC may have other concerns before it is willing to approve the deal.”

Sinclair is reportedly withdrawing applications to divest stations in Dallas, Houston and Chicago. The company is the largest owner of TV stations in the country, with 192 stations.

 

One Comment

  1. I do believe that the issue is more than just those stations. It is every single sale to Cunningham/Armstrong or whatever including WPIX. Plus, if the court rules in any day to discard the obsolete irrelevant UHF discount, the deal is toast as well.

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