FCC Vote Likely Dooms Sinclair-Tribune Merger
FCC Vote Likely Dooms Sinclair-Tribune Merger
Published on July 19, 2018 at 11:40PM
FCC commissioners unanimously voted on a Hearing Designation Order (HDO) to send the proposed sale of Tribune Media properties to Sinclair to a judge, where the merger is expected to cease. Engadget reports: Earlier this week, FCC chairman Ajit Pai raised "serious concerns" about Sinclair's selloff of 21 stations it had proposed in order to remain under station ownership limits post-merger. Had Sinclair declined to sell off some stations, its 173 broadcast stations in 81 markets, combined with Tribune's 42 stations in 33 markets would reach 72 percent of U.S. TV households. The FCC's National TV Ownership rule "does not limit the number of TV stations a single entity may own nationwide so long as the station group collectively reaches no more than 39 percent of all U.S. TV households." But the rule is more flexible for stations that broadcast using UHF frequencies. Pai, who has been accused of aiding the merger by relaxing the ownership regulations, said Monday that Sinclair's plan would allow the company "to control those stations in practice, even if not in name, in violation of the law." He noted that, "When the FCC confronts disputed issues like these, the Communications Act does not allow it to approve a transaction."
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Published on July 19, 2018 at 11:40PM
FCC commissioners unanimously voted on a Hearing Designation Order (HDO) to send the proposed sale of Tribune Media properties to Sinclair to a judge, where the merger is expected to cease. Engadget reports: Earlier this week, FCC chairman Ajit Pai raised "serious concerns" about Sinclair's selloff of 21 stations it had proposed in order to remain under station ownership limits post-merger. Had Sinclair declined to sell off some stations, its 173 broadcast stations in 81 markets, combined with Tribune's 42 stations in 33 markets would reach 72 percent of U.S. TV households. The FCC's National TV Ownership rule "does not limit the number of TV stations a single entity may own nationwide so long as the station group collectively reaches no more than 39 percent of all U.S. TV households." But the rule is more flexible for stations that broadcast using UHF frequencies. Pai, who has been accused of aiding the merger by relaxing the ownership regulations, said Monday that Sinclair's plan would allow the company "to control those stations in practice, even if not in name, in violation of the law." He noted that, "When the FCC confronts disputed issues like these, the Communications Act does not allow it to approve a transaction."
Read more of this story at Slashdot.
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FCC Vote Likely Dooms Sinclair-Tribune Merger
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July 19, 2018
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