Sinclair Broadcast Group Inc.’s proposed acquisition of Tribune Media Co. suffered a major blow Monday after the Federal Communications Commission’s chairman said the deal violates federal laws. FCC Chairman Ajit Pai said in a statement he has “serious concerns” about the $3.9 billion deal because Sinclair would continue to have control over certain TV stations even though it plans to divest them. Pai said he has issued a draft order calling for a hearing on the deal in front of an administrative…
from https://www.bizjournals.com/baltimore/news/2018/07/16/fcc-chairman-serious-concerns-sinclair-tribune.html?ana=RSS&s=article_search
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