Sinclair Broadcast Group Inc. disclosed that its $3.9 billion acquisition of Tribune Media Co. will cause it to exceed the national television ownership limit while also arguing the deal is in the public’s interest. The Hunt Valley television broadcaster will exceed the ownership cap by 6.5 percent, according to applications filed June 26 with the Federal Communications Commission. Currently, broadcasters are capped at 39 percent ownership nationwide. There are 10 markets where Sinclair and Tribune…
from http://www.bizjournals.com/baltimore/news/2017/07/07/sinclair-begins-to-make-the-case-for-3-9-billion.html?ana=RSS%26s=article_search
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