Culture

FCC Puts Two-Week Pause on Review of Sinclair-Tribune Merger

FCC Puts Two-Week Pause on Review of Sinclair-Tribune Merger”

The Federal Communications Commission said on Wednesday it would allow the public to submit additional comments on Sinclair Broadcast Group's proposed $3.9 billion acquisition of Tribune Media Co that has drawn fire from across the political spectrum.

The Coalition contends the Sinclair/Tribune combine would reach 72 percent of U.S. households and effectively control the market for broadcast equipment and impede the introduction of new services.

The FCC will delay the 180 day deadline on acquisition reviews until November 2.

Opponents of the deal say it will raise prices while narrowing content and news viewing choices for millions of Americans.

Sinclair has said the scale and efficiencies that will come from the merger will ensure the future of free over-the-air-televison.

Public interest groups lobbying against the deal had been urging the FCC to open a new period for public comments. "The FCC is one of two agencies vetting the deal that, as originally proposed, would bring Sinclair 42 more stations and a presence in top markets including NY and Los Angeles".

"While we are encouraged with the FCC's decision to finally stop the clock on the merger, it's unclear why they waited 104 days to ask questions that consumer advocates, conservative groups, and industry competitors have been asking since day one", said Karl Frisch, executive director of the watchdog group Allied Progress, in a statement.

The Maryland-based company has drawn criticism for favoring conservative political candidates. Sinclair has declined to comment on those reports. But it could reverse course if regulators change media ownership regulations.

FCC Chairman Ajit Pai said in April he'd start a "comprehensive review" of media regulations regarding consolidation, but hasn't launched a formal proceeding yet.



Like this

loading...
loading...

Latest


20 October 2017
Willdan Group, Inc. (WLDN) Receives $36.50 Average Price Target from Analysts
Narrowing in a bit closer, the 5 month price index is 0.95710, the 3 month is 0.94015, and the 1 month is now 1.04942. Oppenheimer Asset Management Inc. acquired a new position in Willdan Group during the first quarter worth $146,000.

20 October 2017
Jim Carrey goes insane in freakish Andy Kaufman documentary
Jim & Andy: The Great Beyond - With a Very Special, Contractually Obligated Mention of Tony Clifton premieres 17th November, only on Netflix .

20 October 2017
NFL Commissioner Goodell fumbles on flag policy
New York Giants owner John Mara noted that the Cowboys' Jerry Jones "spoke at length" to the other owners about the anthem issue. After decades in NY , the draft was moved to Chicago in 2015 and was held there again in 2016 before heading to Philadelphia.

19 October 2017
Star Ocean: The Last Hope coming to PC in November
The strategic, real-time combat, item creation, and private action systems all return to give fans the full Star Ocean experience. The Last Hope features full keyboard and mouse support for the PC version, though you can also use a controller if you'd prefer.

19 October 2017
Warriors forward's MRI exam on knee negative
The Warriors and their fanbase can let out a collective sigh of relief as loud as Draymond Green's voice. According to ESPN, the forward underwent an MRI on his left knee and results came back negative.

19 October 2017
Uranus To Be Visible Without A Telescope Tonight
Uranus comes into opposition about every year (that's every Earth year, not every Uranian year, which is about 84 times longer ). Because of the light pollution from our region, you might have to head out of town to get a glimpse of the planet.

19 October 2017
Precision Drilling Corporation (NYSE:PDS) Valuation According To Analysts
Analysts are also projecting an Average Revenue Estimate for Precision Drilling Corporation as $262590 in the Current Quarter. The stock has performed -1.87% over the last seven days, -9.03% over the last thirty, and -20.36% over the last three months.

19 October 2017
Howard Stern Weighs In On The 'Unbelievable' Harvey Weinstein Scandal
At least 40 women have spoken out against Weinstein with a range of allegations from harassment, sexual abuse and rape. Per Stern, women do not want to see pictures of the male anatomy. "I hate doing talk shows", Stern said.

19 October 2017
This Is What Lukaku Said To Comfort Benfica's Heartbroken Young Goalkeeper
If karma exists then Romelu Lukaku will surely score bags of goals for Manchester United over the coming weeks. Thoughts on Lukaku's getsure to the young Svilar, last night?

19 October 2017
Boyd Watterson Asset Management LLC OH Sells 6935 Shares of Intel Corporation
Wells Fargo & Company reiterated an "outperform" rating on shares of Intel Corporation in a report on Tuesday, June 27th. On Monday, May 1 RENDUCHINTALA VENKATA S M sold $505,432 worth of Intel Corporation (NASDAQ: INTC ) or 13,997 shares.