Fast company logo
|
advertisement

PLATFORM WARS

The FCC just sent another bad signal to Sinclair over its Tribune bid

With the $3.7 billion acquisition of Tribune, Sinclair would control more than 200 stations reaching 62% of U.S. households.

The FCC just sent another bad signal to Sinclair over its Tribune bid

[Photo: Flickr user Gage Skidmore]

BY Mark Sullivan1 minute read

On Monday Federal Communications Commission chairman Ajit Pai said he had “serious concerns” about Sinclair Broadcast Group’s plans to acquire Tribune Media. The four-person commission today voted unanimously to send the $3.9 billion acquisition proposal to an administrative judge to decide its merits.

Maryland-based Sinclair specializes in owning and managing local broadcast news affiliates. The company’s management have been outspoken in their support of Donald Trump and his right-wing agenda, and have sought to use their network to spread its messages. In one instance earlier this year, the company forced local news anchors to issue a warning about mainstream media spreading fake news.

The acquisition of Tribune Media would give Sinclair even more control of local news markets. The combined assets of the companies would reach 7 in 10 U.S. households, including those in major markets like New York, Chicago, and Los Angeles.

Sinclair previously said it would sell 23 of its TV stations to satisfy government rules, but because of loopholes and communications law nuances, some of the stations would remain effectively under the control of Sinclair.

advertisement

RelatedFCC chair actions on eve of Sinclair-Tribune deal under scrutiny


In an amendment to its plan today, Sinclair said it would sell stations in Dallas and Houston, in the hopes of giving its Tribune deal a better chance with regulators. It also promised that Tribune’s WGN in Chicago would be sold outright to Sinclair to make the station’s ownership more transparent.

Ultimately, however, the company’s amended proposal appeared to have little impact on the FCC’s decision.

Recognize your company's culture of innovation by applying to this year's Best Workplaces for Innovators Awards before the final deadline, April 5.

PluggedIn Newsletter logo
Sign up for our weekly tech digest.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Privacy Policy

ABOUT THE AUTHOR

Mark Sullivan is a senior writer at Fast Company, covering emerging tech, AI, and tech policy. Before coming to Fast Company in January 2016, Sullivan wrote for VentureBeat, Light Reading, CNET, Wired, and PCWorld More


Explore Topics